Slowdown in cryptomining to constrain graphics card makers’ profitability in 2H21
Graphics card makers may see their profit growth constrained by a slowdown in cryptomining demand in the second half of 2021, as China steps up its crackdown on cryptocurrency, according to industry sources.
Graphics card prices also went down 10-20% from the peak point during the past few months.
Nvidia also launched the CMP series graphics cards specifically for cryptomining applications and is limiting the cryptomining capability of its new gaming graphics cards, in hoping to separate the two market sectors.
Graphics card makers including Asustek Computer, Micro-Star International (MSI), Gigabyte Technology and Tul (PowerColor) are expected to see their graphics card sales start weakening in the second half.