As per The Reg, Asus CEO S.Y. Hsu made the comments during the company’s Q1 earnings call. He noted that the falling demand for GPUs used for.
In brief: Asus has confirmed what many in PC industry had suspected: demand for graphics cards used for crypto mining is «disappearing.» That’s the good news. The bad news is that demand for PCs is also shrinking, by about 10%, but next year will see sales of gaming laptops surge. As per The Reg, Asus CEO S.Y. Hsu made the comments during the company’s Q1 earnings call. He noted that the falling demand for GPUs used for mining was primarily due to the crypto industry addressing criticism of the amount of energy mining consumes. Hsu is likely referring to Ethereum’s upcoming move from its current proof-of-work model to proof-of-stake, which in theory will end the requirement for high-end GPUs to mine the tokens. Ethereum developer Tim Beiko recently confirmed that the previous switch date of June is no longer happening, though he believes it will «likely» occur within the following few months.
