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- Crypto miners from China, Taiwan, and South Korea are buying large stocks of laptops fitted with RTX 3000 GPUs
- AMD and Nvidia remains top sellers in the segment
Laptops have always been favourite for all but did you ever thought it would interest the crypto miners at large. Yes, the crypto miners are investing huge money in buying not just desktop PC GPU but also buying gaming laptops. This demand has changed the retail market’s face, and gaming laptop sales have increased in Q1.
Why crypto miners are buying gaming laptops?
There has been news going around where crypto miners are seeing interested in buying not just desktop PC GPUs but have also started buying gaming laptops. This might have been sounding awkward news, but the truth is that gaming laptop sales have gone up in Q1 when normally the market would have been slow this time of the year.
DigiTimes via THG has broadcasted this news. As per the news published by them, the miners from China, Taiwan, and South Korea are buying large stocks of laptops fitted with RTX 3000 GPUs. According to DT, miners have been lobbying manufacturers to create systems with low budget components and powerful GPUs. These laptops will solely be used for cryptocurrency mining.
This is a unique way of doing crypto mining. For the third time in five years, cryptocurrency mining has soared up the GPUs prices beyond imagination. AMD cards were the first to get in the news when the first cryptocurrency boom happened.
In the second cryptocurrency boom, AMD cards and Nvidia were affected. They broke the retail channel for months. They have been lagging behind six months due to the current shortage. Whenever there is a shortage, the retail market gets badly affected to make even a boutique laptop or desktop, which is comparatively a good deal. If crypto miners invest in buying laptops in plenty, it will drive the prices up in this space.
AMD and Nvidia Grabs Majority of Demand
AMD cards and Nvidia are not the companies, yet both manufacturers benefit from high demand. Both the manufacturers had raised their negotiated prices with OEMs to take a higher cut of the profits. Both the manufacturers are selling all the GPU they make, but the pandemic that had hit the world in 2020 guaranteed that they would continue making the GPU and selling them no matter what happens.
Last time Nvidia had a setback with hundreds of millions of dollars in un-sold pascal inventory when the cryptocurrency was at its peak the last time. The manufacturer managed to escape the loss carefully and turn the tide, drawing down manufacturing well in advance of Ampere’s launch. However, the rising demand for the cards has forced the company to restart RTX 2000 production to meet the demand.
Usually, the demand for semiconductors fell in Q1, then rises in Q2 and again more in Q3. This is all because the schools have been opening. The demand will hit its high point in Q4 with the winter holidays. The manufacturing companies of semiconductors manage their supplies in the season because they plan well in advance, and their manufacturing schedules are planned well around regular demand expectations.
But this year, this might won’t be the same. No one can predict how the market will react as vaccines roll out, and areas come out from lockdowns. Auto manufacturers are eager to make profits now. TSMC and Samsung are in the rat race and can shift manufacturing capacity to accommodate the demand.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
