2018-6-15 09:27 |
Mining
With demand for cryptocurrency mining hardware having sharply declined following the onslaught of 2018’s bear market, reports are indicating the companies operating in the supply chain behind mining hardware are increasingly seeking alternative revenue streams to offset falling demand from the mining industry.
Also Read: SEC Executive: ‘Cryptocurrencies with Decentralized Structures Not Securities’
Cryptocurrency Bubble Pops for Mining Hardware Supply Chain
Between April 2017 and March 2018, the virtual currency mining hardware manufacturing industry appeared unstoppable.
With demand for mining hardware at unprecedented levels, companies operating within the supply chain manufacturing mining devices were reporting record sales and witnessing all-time high stock prices.
Later that month, TSMC reduced its projected earnings in response to waning demand for mining hardware.
ASIC Manufacturers Turn to AI for Alternative Revenue Stream
Whilst GPU manufacturers are able to refocus their efforts on the gaming market, suppliers of application specific integrated chip (ASIC) miners are exploring alternative revenue streams in order to offset declining demand for mining hardware.
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