Bitcoin plummets again, and graphics card manufacturers face reality: mining cards are just windfall

In 2017, the price of Bitcoin reached its peak, once hitting the 20,000 US dollar mark, leading to a global explosion of digital currencies. Graphics card mining became the choice of many people to get rich, and graphics card manufacturers also lived the life of nouveau riche. Some manufacturers’ sales in one month were equivalent to their sales in the previous six months.

However, in the first half of 2018, the price of Bitcoin plummeted by 2/3, from nearly $20,000 to around $7,000. The mining card market collapsed immediately. Graphics card manufacturers accumulated a large amount of graphics card inventory, and the selling prices plummeted. The prices of popular mining cards such as RX 580 and GTX 1060 returned to normal prices from 3,000+, and RX 580 even fell to around 1,000 yuan.

The behavior of graphics card manufacturers paying the price for the collapse of mining cards lasted for almost a year. It was not until the end of 2019 that the mining card part of AMD and NVIDIA's financial reports returned to normal. The inventory cards of graphics card manufacturers were also almost cleared, and new cards were fully replaced and upgraded.

Although the price of Bitcoin rose again in 2019, after this lesson, no graphics card manufacturers are willing to compete in the mining card market anymore. Some manufacturers admit that mining cards are just windfall and cannot be sustained, and they will still focus on professional markets such as e-sports in the future.

By 2020, everything should have returned to normal, but this year we encountered the new coronavirus crisis, which has begun to affect the global economic environment. It is difficult to say how the graphics card market will be this year.

But one thing is for sure, don’t worry about the supply of graphics cards (and motherboards). Supply chain sources said that there was indeed a problem of insufficient inventory when work resumed in February and March, but the inventory reserve before the Spring Festival was as long as 5 months, and the supply chain is currently resuming work in full, so there will be no problem with the supply of motherboard products. (Fast Technology)