News

AMD Partners With Major Tech Firms to Design Crypto Mining Products

The Advanced Micro Devices (AMD) which is notably known for designing GPUs for mining crypto assets, has published on its website a range of products designed in partnership with Seven other tech firms. This is an attempt to provide more quality products that will meet the changing trends in Blockchain technology.
The CPU and GPU of any computer will significantly determine its level of performance, and when it comes to mining cryptocurrency, a speedy GPU is required to handle the heavy task it will be subjected to. This is what the Californian-based semiconductor company has been trying to achieve since its inception in 1969.
Therefore, the tech firms that are in partnership with AMD, are Sapphire, Asrock, Asus, MSI, Biostar, TUL, and Rajintek. As processors from different brands, their specifications vary, but each has been tailored to meet the needs and budget of a class of user. What they do, is to enhance the speed at crypto assets are mined.
In each case, 8, 9, or 10 AMD GPUs are paired with an AMD CPU to ensure speedier operations and the higher the number of GPUs; the more efficient mining operation will be. On that note, there’s the Sapphire Inca CS-14 Series which is powered by 14 AMD Radeon RX 470 GPUs and a G-Series FP4 CPU as a high-end product.
Other products are the ASRock Superb System which runs on 8 AMD Radeon RX 570 or RX 470 GPUs and an AMD AM4 socket CPU, ASUS I with 8 AMD Radeon RX 470 GPUs, MSI Blockchain Rig F12 powered by 12 AMD Radeon RX 470 GPUs, and the Biostar A578X8D with 8 AMD Radeon RX 570 GPUs.
This tech company had earlier stated that, compared to the third quarter of 2017 where sales of GPU mining products had generated a high-income for the company, this was not the case 2018. The reason for this is that, from the first to the third quarter of the year, there was a decline in the revenue generated.
In their own words;

Blockchain-related GPU sales in the third quarter were negligible. In the third quarter of 2017, blockchain-related GPU sales were approximately high single digit percentage of total AMD revenue. The quarter-over-quarter decline was due to significantly lower graphics revenue driven by high channel inventory, partially offset by higher Ryzen processor revenue.

Unarguably, this low income can also be attributed to the fall in the prices of crypto assets this year which may have led to the sudden disinterest of people in mining these coins. Be that as it may, it has not deterred the company from designing entry-level and high-end products for the crypto mining industry.
 

Related posts
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTETFNewsxbtusd

Bitcoin May Never Go Below $50k Once An ETF Is Approved, Declares On-Chain Analyst

Bitcoin may never drop below $50k asserts on-chain analyst Ki-Young Ju. But as usual, there are conditions that follow this possibility. In a tweet, Ju analyzed that Bitcoin could follow the same path that gold took in 2004 when the first…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Quarterback Star Tom Brady Breaks Internet After Showing Interest In Bitcoin

Tom Brady, the American athlete who is widely regarded as the “greatest” quarterback in NFL history is the latest celebrity to show interest in the world’s most valued cryptocurrency Bitcoin. Brady who has a massive Twitter following of 1.9 million…
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Almost $200 Billion Worth Of Bitcoin Is Currently At Risk – Report Warns

A recently published 2021 crypto report by Opimas LLC, a finance-based management consultancy firm, has revealed that approximately 3,480,000 out of the world’s mined 18.5 million Bitcoin, stands vulnerable to attacks as a result of improper safekeeping. The 36-page report…