Morgan Stanley Predicts 2018 Plunge in GPU Mining Sales

Morgan Stanley Predicts 2018 Plunge in GPU Mining Sales

An analyst for Morgan Stanley is predicting that the sale of graphics cards (GPUs) for cryptocurrency mining will fall next year, signifying a potential hurdle for sellers like AMD. Joseph Moore, according to coverage from Barron’s and Benzinga , suggested in a new report published this week that a mixture of network upgrades – including a decline in the overall block reward on the ethereum network from 5 ETH to 3 ETH – would have a tangible impact on miners, who engage in an energy-intensive process to create new transaction blocks. As a result, according to Morgan Stanley, companies […]

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