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Miners and hardware manufacturers are suffering in crypto bear market
- skate22 8y agoProbably a good time to upgrade your gaming PC (given the surplus of GPUs)
- LillieAfleu 8y agoIf the crypto winter has placed your altcoin trading on ice, you were never a trader to begin with. Any fool can make money in a bull market, but bear markets are where knowledge is gained and future profits are carved. Depressed cryptocurrency prices are having a greater than expected impact on mining businesses. This is most apparent in hardware manufacturers, along with the stock price of publicly traded miners. View more on https://cryptonewstrends.com/ https://cryptonewstrends.com/ Hardware, specifically GPUs and ASICs, were selling for a large premium at the end of last year and into 2018. There was simply more demand than supply. Manufacturers saw the increasing demand and ramped up production. The market has now inverted and there is a surplus of hardware, which is being sold at discounted prices. A great example is Bitmain’s S9 Antminers, widely considered the most popular Bitcoin mining hardware. Earlier this year, Bitmain was selling one machine for ~$2,500 and secondary sales were fetching as much as $4,500.