GPU manufacturers Nvidia and AMD each enjoyed massive sales over the past year, partially thanks to miners who buy GPUs to mine cryptocurrencies. However, those sales are now declining.
The demand for GPUs kept increasing as the value of cryptocurrencies went up throughout 2017. But after the market cap reached an all-time high of $830 Billion, the market crashed and is at half that now. The demand for mining has also cooled down as it is not as lucrative it was for a few months when cryptocurrency prices surged.
Both Nvidia and AMD have accepted the fact that cryptocurrencies and blockchain are here to stay. Both companies have been embracing these new technologies, but they also aren’t concerned if the revenue from these sales drops in the near future.
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