RATE Group | Asus, Gigabyte left with mining hardware surplus as crypto-hype dies
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Asus, Gigabyte left with mining hardware surplus as crypto-hype dies

20 Nov Asus, Gigabyte left with mining hardware surplus as crypto-hype dies

Posted at 02:40h in Cryptocurrency News by

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It seems the cryptocurrency hype from last year has left tons of hardware manufacturers with more motherboards and graphics cards than people care to buy – and things might get even worse in 2019.

Asus and Gigabyte are purportedly struggling to unload excess hardware stock now that interest in cryptocurrencies and mining has significantly dwindled, DigiTimes reports.

Fooled by the temporary boom in the cryptocurrency market, Taiwanese manufacturers ramped up production for mining hardware in the beginning of the year. Unfortunately, following a sudden dip in cryptocurrency prices and a slew of complications from the prolonged US-China trade war, interest in mining hardware seemingly disappeared in the third quarter of 2018.

Indeed, Asus saw a 43-percent drop in earnings in Q3 compared to last year, and Gigabyte recorded its lowest quarterly level since 2008. MSI seems to be the only manufacturer that is doing…

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