If you are a gamer or a crypto miner, you might find this especially interesting.
Be well, Everyone.
AMD: GPU Business Could Take Hit If Crypto Miners Stop Buying
A drop in demand for graphics cards (GPUs) by the world’s cryptocurrency miners could ‘materially’ impact AMD’s chip business, the company disclosed this week.
In its most recent 10-K annual filing, AMD – one of several firms to ride the recent wave of demand for GPUs (which are needed for the energy-intensive mining process) – highlighted how “the rise of cryptocurrency prices and the introduction of new cryptocurrencies created a demand for our GPUs in 2017.” While the company offered no specific figures, the disclosure, published on Feb. 27, is in line with past predictions from AMD, which suggested near the end of 2017 that its GPU business was getting a lift thanks to crypto-miners.
That state of play might not last forever, however.
In the 10-K, AMD indicated that several factors could change the environment on the GPU front, highlighting market and regulatory risks that could lead to a decline in the number of GPUs being bought by cryptocurrency miners.
The firm wrote:
“The cryptocurrency market is unstable and demand could change quickly. For example, China and South Korea have recently instituted restrictions on cryptocurrency trading. If we are unable to manage the risks related to a decrease in the demand for cryptocurrency mining, our GPU business could be materially adversely affected.”
The prediction that volatility could alter the pace of demand is shared by others in the space, including rival GPU maker Nvidia.
During an earnings call in early February, Colette Kress, Nvidia’s chief financial officer, said it was “hard to quantify” how much of its GPU revenue came from cryptocurrency miners, adding that “cryptocurrency trends are likely to remain volatile.”
Still, the inclusion in its most recent filing serves to highlight how AMD is among a growing list of companies – primarilyfinancialinstitutions – to acknowledge the impact that cryptocurrencies and blockchain technology will have on their bottom lines.
Miscellaneous
Follow Tiny Crypto Blog on blockchain blogging platform Steemit
Follow Tiny Crypto Blog on Twitter @tinycryptoblog
Follow Tiny Crypto Blog on YouTube
And yes, I’m on Facebook
Looking to start purchasing cryptos? Open an account at Coinbase, and you’ll receive $10 in free bitcoin. Link HERE
Are you new to cryptos and want an easy way to mine them? I recommend Minergate as a good way to start out. More Info Here
Need a good, basic crypto wallet? Download the Exodus wallet
Earn free cryptos using crypto faucets **Yes, I like crypto faucets! =) **
Moon bitcoin faucet: earn and mine free Bitcoin. More Info Here
Moon litecoin faucet: earn and mine free Litecoin. More Info Here
Moon dogecoin faucet: earn and mine free Dogecoin. More Info Here
Moon dash faucet: earn and mine free Dash. More Info Here
Bonus Bitcoin: earn between 50-150 bitcoin satoshis every 15 minutes. More Info Here
Thanks for reading!
Categories: Bitcoin., Cryptocurrency, dash, Litecoin, Mining, Proof of Work, Vertcoin
Tiny Crypto Blog 
Leave a Reply