AMD popular graphics processing unit (GPU), the Radeon RX850 Significantly reduced its price from around $ 550 in February 2018 to $ 179.99 today. This GPU, apart from the players, is sought by many miners of encrypted currency. Its price reduction of around 67% is nicknamed “Cryptographic Winter” by cryptocurrency entrepreneurs.

With the arrival of Crypto winter, many miners are forced to leave the sector and sell their platforms at very low prices. It has also been reported that some miners sell their mining platforms even to the kilogram to save and recover losses. Since the platforms are now at their “closing price”.

GPU producers like NVIDIA and AMD feel “Crypto Winter” because the number of people interested in exploiting cryptocurrencies has also been reduced. Due to the slowdown in the market during the year, GPU sales to miners decreased significantly.

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AMD CEO Lisa Su told CNBC in her April 26 interview that the blockchain is “a small short-term distraction”. It was at that time that the cryptographic extraction added 10% to the revenues of his company. It is still believed that it was not an important factor for the growth of AMD.

According to analysts of JPMorgan Chase and strategist Nikolaos Panigirtzoglou, the prolonged cryptodivis bear market is scaring institutional investors. This is due to the drastic reduction of key flow parameters, including the “Bitcoin futures market”.

Another CEO, Steve Brazier of Canalys, a technology research company. He predicts that cryptocurriences will have trouble getting back on their knees. He said that the prolonged downward trend of the bitcoin market means that the bitcoin market is running out. Also He added that this could affect the use of the locking chain.

At the Blockchain Applications and Economics Forum in 2018 (Blockchain Asia Forum). The Union Bank had a large stand in the exhibition pavilion demonstrating its commitment to promoting the blockchain in the country – a functional mining platform.

When asked about the bank’s plan for these mining platforms, Louis Concepción, senior programmer. Marco Romero, engineer for business process automation at Union Bank. He said the equipment is for experimental purposes and to gather information on how they work.