AMD Partners With Seven Major Tech Firms to Create Better Solutions for Crypto Miners
AMD, a leading manufacturer of graphics cards (GPU), has partnered with seven top-ranking tech firms to provide the next best crypto mining rigs. The mining rigs to be created are expected to cater to the varied expectations and purchasing power of each client.
According to AMD’s official website, the companies in partnership with AMD are Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Rajintek, all of which are Taiwan-based big names in graphics cards production or cooler manufacturing.
They will offer eight different crypto mining rigs ranging from solutions such as the stability-focused ASUS I to high-performance options such as SAPPHIRE INCA CS-14 Series powered by 14 AMD Radeon RX 470 GPUs. Prices of these miners have not yet been unveiled on the website.
It was previously reported that many suppliers of graphics cards for crypto mining were plagued by increasingly high inventories affected by the sluggish crypto market. Last month, AMD said that the company generated “negligible” revenue from blockchain-related GPU sales in the third quarter, accounting for only a “high single digit percentage” of the company’s top line, which followed a drop in this type of revenue from the previous quarter.
In a time when the crypto market seems in a longlasting sluggish, the mining sector, though suffering the most, still hold on there. The new mining rigs to be rolled out by AMD and its partners are expected to yield more profit for miners using GPU to mine.
Unlike ASIC-based miners which deliver much higher computing power but can only mine bitcoin, GPU-based ones are capable of mining different coins such as Ethereum-based coins, Monero, Bitcoin Gold, Zcash, and many others. Many amateurs thus prefer GPU miners since there’re a large variety of coins they can mine and are more versatile since they can be used to other things such as gaming and are much easier to resell.
The move from AMD together with the other seven top-tier companies indicates that the company still sees crypto mining a significant niche opportunity to explore and a way to increase its stakes in the crypto mining industry.
As it reads on the company’s website,
“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.”