What impact will falling cryptocurrency prices have on ASIC mining vendors?

Colleagues, Ebang, Bitmain, nVidia, AMD and Canaan are among the elite cryptocurrency ASIC mining vendors worldwide. And although only Ebang, Bitmain and Canaan would be consider “pure plays” the demand for all of these vendors’ mining products are impacted price fluctuations of the currencies they are designed to mine. Using Coinbase point of reference crypto prices “in aggregate” have either fallen or remained neutral since early 2018. Which brings us to an interesting scenario: Image you are in the C-Suite of a major mining vendor involved in making ASIC investment decisions. Which cryptocurrencies do you focus your mining R&D on? The economic principle of supply and demand is quite simply, yet in reality, such decision – especially for public stockholder owned firms – is challenging at the very least. Cryptocurrency Academy concludes that any ASIC vendor must exercise the upmost diligence in assessing where to invest their ASIC mining budgets. Mortal man cannot predict the future. This matter calls for a double portion of business acumen and diversification of products and services. You make the call. Share a comment visit us today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)