Mining rigs forecast for 2019 is conservative

2018 was not a good year for mining. The price of cryptocurrencies has plunged, causing the benefits of many users, miners and companies in the sector to be reduced significantly. It seems that the situation will not be much better in this 2019. At least not according to the new forecasts of ASIC mining platforms. Conservative forecasts.

Forecasts for mining platforms for 2019 are conservative

Companies like TSMC have lowered their revenue forecasts for this year. So it does not seem that the market is going to have the recovery that many expected.

Bad forecasts for mining

These are not good times for companies in this segment of mining. For example, Bitmain, one of the best known in the segment, would have fired 50% of its workforce these weeks. Some of the people had only been working a couple of days. In China, it is already speculated that the CEO of the company could resign from his position soon. So the situation is not the best in the company, or in others in the sector.

The price of cryptocurrencies has sunk in 2018, a drop from which they have not recovered. In fact, the last months of the year have been especially bad, reaching new lows. So the situation is not the best for companies.

Surely in the coming months we will see if these forecasts of the mining companies are met. Or if the situation in the cryptocurrency market manages to rise throughout 2019.

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