The digital assets market might have suffered this year, but the accessory market suffered the worst. As the cryptocurrency prices fell to below half their 2017 peak, crypto mining also fell. This is for the reason that the assets were no longer as profitable. In this light, AMD entered various partnerships to bring better hardware to crypto miners.
Recent reports indicate that Advanced Micro Devices Inc (AMD) anticipates poor revenues in Q4 2018. In particular, the below estimates forecast comes in the face of dwindling demand from crypto miners, Reuters reports. As a result, AMD’s shares fell 22%.
From GPU to ASIC
Further, Reuters reports that the company faced high competition from local competitor Nvidia. In addition to international competition from Bitmain and other Chinese giants, revenues fell in the last two quarters.
Also, another report reveals that even the few miners who are still at work moved on to more efficient chips. AMD still producers the Graphic Processing Units like Radeon. Although it produces high computing power, the chip is very power intensive. Therefore, it ranks very poorly against Bitmain’s application specific integrated circuit (ASIC) mining chips.
According to an official statement posted the company’s website, AMD declared support for various hardware in the ecosystem. In particular, the statement reads: “We are working with existing ecosystem partners to bring blockchain compute solutions to market for a large variety of use cases and exploring opportunities with new and innovative platforms using blockchain.”
AMD entered various partnerships to guarantee high performance
Interestingly, AMD entered various partnerships to offer the pieces of hardware to its wide range of customers. In particular, the hardware focus on optimization of hash rate as most of mining nowadays is very complicated. Therefore, the chips with the highest hash rate give the highest output.
As per the information on the company website, the companies in collaboration with AMD include Sapphire and ASROCK. The others are ASUS, MSI, Biostar, TUL and Rajintek. For instance, AMD uses the 14 AMD Radeon RX 470 GPUs to power SAPPHIRE INCA™ CS-14 Series. The hardware promises high performance and it fits in a 19” rack.