Quote from: Theb on August 26, 2018, 06:10:32 PM

Quote from: jaysabi on August 16, 2018, 11:41:06 PM

Nvidia released absolutely dismal sales related to crypto chip sales today after market close. This is another sign to me that the bear market is not reversing any time soon.

I think it is the other way around. The decline of sales by the gpu manufacturer will only mean that the prices of cryptocurrencies could not keep up to the miner's expense that is why they don't see gpu mining profitable anymore. The decrease in sales of gpus does not mean that the bear market will still continue there is no point on connecting that, it just simply mean that the prices of cryptocurrencies and the block rewards they are getting is simply not appealing or profitable for them to still continue. Or it just simply mean that all the willing miners out here possibly are satisfied with the mining rigs they all have and has no plans of buying additional hardware anymore, especially when the new RTX gpu series of NVIDIA is about to launch.

Sales do not plummet right now it is just not as big as companies predicted because after last year when so much people wanted to get it the companies tough the demand would continue to increase. When they made lets say 100 of something and sold all 100 they decided to make 150 of it and sold all of it and than 200 of it and sold so they thought they could increase the capacity as much as they can and will probably sell all.

However the market fell and the prices plummeted so instead of selling 500 right now they are selling 200, still more than they used to sell but much less than what they expected. Numbers are made up of course I don't know exact numbers but in general they are not remotely plummeting at all. They are still going amazingly and I think it is still alright considering AMD partnered with 7 companies to offer different mining equipment for people.