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Decrease in Demand for Mining Equipment

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The profitability of  mining hardware is gradually reducing. The first reason is the ever-increasing complexity of blocks’ calculating, which in turn leads to the need for large financial investments in equipment, which shall at least break even before it starts making a profit. The second problem is the volatility of the cryptocurrency market. If a year ago the video card could be purchased for $500, and the cryptocurrencies showed stable growth, now top-end video cards cost 1.5-2 times more, and crypto-market suffers billions of losses.

According to the statistics provided by the Avito service, the number of offers for the sale of mining hardware has increased by more than 60% since the end of last year. At the same time it is noted that in January 2018, out of 23,000 offers, less than 7% of deals were actually conducted. The demand for the mining equipment according to the reports of the Yula site fell by almost 35%. Yula and Avito analysts are convinced that the new offers for sale are associated with a sharp decrease in the Bitcoin price. And for a long time it has been public that 1-2 AntMiner installations will not bring sufficient profit to their owners.

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