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Author Topic: Mining equipment sales expected to drop  (Read 133 times)
swissgang
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May 21, 2018, 10:08:29 PM
 #21

It really enjoyed the hype, but after such revenue, it probably will suffer with investors and secondhand mining equipments will decrease too much for me because the demand will decrease very fast.

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uray
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May 21, 2018, 10:19:02 PM
 #22

There is a big flaw in this assessment because the reduce in mining equipment sales does not mean that the interest in the market is going down, support for mining is one thing and investing in the coin itself is another aspect to look at the market, there is another aspect for the slow down in GPU sales simply because there are ASIC machines to mine those coins, so this is an inconclusive study.

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June 16, 2018, 04:25:30 PM
 #23

There is a big flaw in this assessment because the reduce in mining equipment sales does not mean that the interest in the market is going down, support for mining is one thing and investing in the coin itself is another aspect to look at the market, there is another aspect for the slow down in GPU sales simply because there are ASIC machines to mine those coins, so this is an inconclusive study.

The two are related. Without growing interest constantly pushing up the price, buying new GPUs and investing more money in mining is not going to pay off. So you would expect decreasing mining investment to portend or at the very least coincide with falling interest and falling price. It is only through the constantly increasing interest and support in Bitcoin by new buyers that the price can rise, and the price rise is the only thing that will make new investments in mining equipment profitable. You cannot make money buying more equipment to get a larger slice of the mining pie when prices are falling, the mining market is far too competitive for that.
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August 08, 2018, 09:22:48 PM
 #24

Recently, I saw a lot of used mining cards up for grabs at a very discounted price. It seems that the 2nd quarter of the year is the quietest and haardest times for miners and traders alike. On 2016 and 2017, general interest regarding crypto also declined on Q2, with some miners also selling their rigs and coming back alive on September which is the start of Q3. It might already be a pattern and the old adage might ring true: Sell in May and go away. For now, let's see whether nVidia's statistics would reflect what really is happening in the mining scene.
What are the features of these compact coins? And what is it worth for the community? Decreased equipment revenue can be attributed to many factors. Because of the large number of market participants and immediate payment for what is beneficial, that is natural.

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