Ethereum ASIC miners are close, cheap graphics cards soon?!

Bitmain's upcoming Ethereum ASIC miner is going to shake up the graphics card space for cryptocurrency mining.

@anthony256
Published Mon, Mar 26 2018 3:08 PM CDT   |   Updated Tue, Nov 3 2020 11:52 AM CST

We've been hearing rumbles of an Ethereum ASIC miner, something that seems to be right around the corner... eyeing off a release in the next couple of months at the latest.

Ethereum ASIC miners are close, cheap graphics cards soon?! | TweakTown.com

According to Susquehanna analyst Christopher Rolland, who said in a note to investors: "Bitmain has already developed an ASIC [application-specific integrated circuit] for mining Ethereum, and is readying the supply chain for shipments in 2Q18. While Bitmain is likely to be the largest ASIC vendor (currently 70-80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs, all at various stages of development".

Rolland says that Bitmain's impending release of an Ethereum ASIC miner will hurt the demand for graphics cards, which are sold out across the world and ridiculously priced right now. The analyst expects NVIDIA and AMD to also take some hits in share prices, with AMD the worst affected by his claims.

The price target of AMD shares that Rolland has is $7.50, dropping down from $13 which is a massive 29% drop while NVIDIA would drop from $215 to $200, less than 10%. The reason why NVIDIA would survive through an Ethereum ASIC miner dominanted world is that NVIDIA has a far stronger stack of GeForce GTX graphics cards for gamers, while Radeon RX Vega wasn't enough to beat the GTX 1080 Ti. The Radeon RX 500 series is strong up to 1080/1440p, but beyond that AMD is left in the dust by NVIDIA.

NEWS SOURCE:techpowerup.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles