IT and Business Insights for SMB Solution Providers

Cryptomining Hardware: Page 2 of 2

Demand for mining hardware, both GPUs and AISCs, is high, but builders face supply limitations. By James E. Gaskin

He adds, "A couple of years ago the market was much better, because all the hardware was available." 

For the cryptominers themselves, it’s not hard to get into the market but it is hard to make money given all the competition, so for most it’s a hobby, Lesh says, adding that some crypto farms are getting out of the business.

Lesh suggests system builders look beyond cryptomining to other blockchain uses that rely on the same hardware. "Private blockchains, used by warehouses and industrial sites with lots of transactions from IoT sensors and asset tracking tools, also need systems," he notes. These tend to use only one or two GPUs since processing speed is less important for a private blockchain than when competing with other miners. "Expertise in those systems, like the Hyperledger Fabric for private blockchain, would be a good long-term business," he adds.

Sonis cautions against stocking up on specialty hardware when you can get it. "We order based on what the customers order," he says. "I don't want to get stuck with a bunch of inventory if Bitcoin drops to three cents next week."

Image: iStock

About the Author

James E. Gaskin's picture

JAMES E. GASKIN is a ChannelPro contributing editor and former reseller based in Dallas.

ChannelPro SMB Magazine
SUBSCRIBE FREE!

Get an edge on the competition

With each issue packed full of powerful news, reviews, analysis, and advice targeting IT channel professionals, ChannelPro-SMB will help you cultivate your SMB customers and run your business more profitably.