There are currently no ASIC chips specialized in mining Ethereum, so the only way to do this is through commercial AMD and NVIDIA graphics cards, but that looks like it will change soon.
The first ASIC chips for Ethereum mining arrive
Bitmain will soon launch the first ASIC chip capable of mining the Ethereum currency, something that could be very positive for PC users, but not so confident for graphics card manufacturers.
Analyst firm Susquehanna has reduced the share price of AMD and NVIDIA following the confirmation of Britain’s first ASIC Ethereum chip. A product of this type has been talked about for months. And Susquehanna, through analyst Christopher Rolland in a note to customers on Monday, cited his trips to Asia as a source of information.
Bad news for AMD and NVIDIA, Ethereum’s first ASICs arrive
Graphics cards are a significant source of revenue for AMD and NVIDIA. An individual ASIC chip for mining Ethereum would cause many miners to invest directly in it. So, not needing a commercial video game graphics card. That will have a negative impact on AMD and NVIDIA revenue. But it will also likely lead to a return of the graphics cardstock to the stores, gradually lowering prices.
As a result, the analyst lowered his target price for AMD shares from $13 to $7.50. So, representing a 29% reduction from Friday’s close. The outlook for NVIDIA’s stocks also declined from $215 to $200, but NVIDIA did not see a downgrade (remained neutral). While AMD was downgraded from neutral to negative.