Graphics card and ASIC miner orders are to see a sudden short-lived surge due to heavy flooding in the Sichuan province in China. As reported by Chinese-language news outlet, Economic Daily News, the area has been prime real estate for cryptocurrency miners, and is the location of 70% of China’s mining systems.
There have been constant reports over the last few months of graphics card shipments reducing due to lacklustre demand, and that has been great news for gamers finally being able to pick up graphics cards for even less than MSRP. That comes only months after prices skyrocketed due to ludicrously high cryptocurrency values and memory shortages.
GPU pricing seems pretty steady for the time being, and let’s hope it stays that way until new cards arrive. Here are the around.
Various graphics card manufacturers, MSI, TUL, and Gigabyte, all expected massive shipment drops month-on-month, roughly amounting to a . Gigabyte also told investors to expect large drops in demand and average selling price over the next quarter.
But that might be changing in the short-term if damage to mining operations is as serious as some reports make out. The flooding has reportedly damaged tens of thousands of mining systems, notes the report via , which has also caused the overall hashrate worldwide to drop considerably.