AMD Will Release Eight New Bitcoin Mining Devices

AMD Will Release Eight New Bitcoin Mining Devices

The manufacturer of processors and video cards AMD has entered into a partnership with Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Raijintek to jointly release new devices for mining Bitcoin and other cryptocurrencies.

All partners will present eight new bitcoin mining devices. In particular, a stability-oriented ASUS I, the SAPPHIRE INCA CS-14 Series powered by 14 AMD Radeon RX 470 video cards, Raijintek Customizable Plug and Play Solutions with 10 AMD Radeon video cards, and others are already on sale.

Page screen capture – amd.com

New devices are designed to increase the profits of miners who prefer to mine cryptocurrency using video cards. Prices for equipment are not yet known.

Note, despite the drop in sales of video cards for mining, AMD still relies on the crypto industry. In October, company representatives published a report stating that sales of graphics cards popular among miners are steadily falling.

“Currently, the most well-known use case of blockchain is cryptocurrency, however, the number of applications and the potential impact of blockchain technology is enormous.”

At the same time, Nvidia, a leading manufacturer of video cards and chips, announced its decision to stop focusing on the Bitcoin and cryptocurrency industry, citing the low profitability.

Chief financial officer Nvidia, Colette Kress, in particular, noted that in the remainder of the year, the company does not expect growth in this segment.

“We believe we’ve reached a normal period as we’re looking forward to essentially no cryptocurrency as we move forward. Our revenue outlook had anticipated cryptocurrency-specific products declining to approximately $100 million, while actual crypto-specific product revenue was $18 million, and we now expect a negligible contribution going forward,” she said.

Nvidia CEO Huang Jensen also noted that the profitability of the mining-oriented chips that the company produces due to the fall in the cryptocurrency market is constantly decreasing. At the same time, the main business of Nvidia shows strong results.

For instance, in the second quarter, Nvidia sales in the gaming area increased by 52% to $1.8 billion, while profits from data centers grew by 83% to $760 million. In the third quarter, they announced up 18 percent from $2.23 billion in the previous quarter, with growth across all its platforms.

BTW Raijintek is misspelled 🙂

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