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https://www.digitimes.com/news/a20180629PD204.htmlThe cryptocurrency mining chill has weakened demand for graphics cards, with suppliers planning to axe prices trying to clear their inventory. Sales of ASIC mining systems have also been significantly impacted by the stagnant demand, according to sources from the upstream supply chain.
The sources pointed out that graphics card prices are expected to see an average drop of around 20% in July, while the dramatic slowdown in orders for mining ASICs will also negatively affect revenues at Taiwan Semiconductor Manufacturing Company (TSMC) as well as its IC design service partners, such as Global Unichip, in 2018.
The dwindling profitability has sent small-to-medium mining firms gradually bowing out from the market, while large mining firms have also cut their procurements of new machines.
The Crypto Apocalypse seems to be officially over for now.