Amd is lining up with ethereum mining

AMD graphics cards have been the benchmark in the GPGPU field for many years due to the great power of their GCN architecture for this type of task. One of the great uses of these cards in recent years has been the mining of cryptocurrencies, something that causes them to quickly run out of stores and players have a lot of trouble accessing them. The appearance of the new Ethereum mining network has once again put all eyes on the new Polaris-based AMD Radeon RX graphics cards.

AMD rubs his hands with Ethereum mining

Ethereum cryptocurrency mining works really well under the AMD Radeon Graphics CoreNext architecture, meaning all cards from the Radeon HD 7000 series that appreciated in late 2011. As a result there is a high demand for AMD graphics cards so These are almost exhausted from the market, in addition, the great demand causes prices to be inflated, making it almost impossible to find them at their normal prices.

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An investment of 1000 dollars for mining Ethereum pays for itself in two months, so from there everything is benefits while the hardware lasts, the currencies we obtain through this process can be exchanged for Bitcoins or even real currencies such as the US dollar. Currently an Ethereum reaches a value of $ 265. The amount of these cryptocurrencies being mined reaches 330 million dollars and the number only increases as people sell dollars or Bitcoins to buy Ethereum and enter the business.

The great beneficiary of this situation is AMD, which sees how all the graphics cards it produces are sold quickly, the company's shares have already risen 9%, so those who bet on selling theirs have done a bad business and those who recently bought they have a good chance to earn money. AMD's share value has also increased after the announcement of the new iMac, iMac Pro and Macbooks with their hardware.

Source: techpowerup