Incredible Mag

Bitcoin Fever and AMD

<p>Virtual currency’s fever &lpar;cryptocurrency&rpar; Bitcoin and Ethereum jumped demand of computer graphic card component&period; It’s because the processor chip &lpar;GPU&rpar; plant on the graphic cards is considered more reliable&comma; durable&comma; and efficient for mining virtual currency than the CPU does&period; The graphics card manufacturer was shared profits as their products flow faster in the market as it can be sold at higher prices due to high and growing demand&period;<&sol;p>&NewLine;<p>Nevertheless&comma; AMD as one of the best graphic card manufacturer well known with its Radeon chip&comma; recognize this fact and looks seriously response it&period;  AMD is aware about high demand of cryptocurrency&comma; as it was delivered at the company’s financial statement announcement conference by CEO Lisa Su&period;<&sol;p>&NewLine;<p>The Bitcoin and Etherium’s miners contribute to the increase in AMD’s business profits from graphics card sectors&period; It’s recorded to have 51 percent growth compared to last year&period; However&comma; AMD considered cryptocurrency fever as non-sustainable phenomenon even they’re still watching and monitor its development periodically&period; Therefore&comma; AMD still prioritizes the supplies of their products to traditional partners which is mostly PC game retailers&period;<&sol;p>&NewLine;<p>AMD has just introduced Radeon RX Vega graphic card series&period; RX VEGA priced at US&dollar; 699 including the liquid-cooling cooler&period; This step is marking the return of AMD to the realm of high-end graphics cards&period;<&sol;p>&NewLine;<p>Speaking of which&comma; the price of Bitcoin continues to climb this year&period; The value of a piece of Bitcoin has been recorded through the range of US&dollar; 2000 as Coinbase and Kraken rank&period; The value is the highest so far&period; Previously&comma; in March&comma; Bitcoin has passed the price of gold which was amounted to US&dollar; 1236 per tray ounce&period; Based on the price of US&dollar;2000 per chip&comma; Bitcoin is having value of US&dollar; 32&period;92 billiion in circulation &lpar;market cap&rpar;&period;<&sol;p>&NewLine;<p>Despite of these positive progresses&comma; Bitcoin is often known to experience sharp value fluctuations as it is not officially regulated by an authority such as a central bank&period; The price rate of US&dollar; 1&comma;000 was penetrated by Bitcoin in 2013&period; Shortly afterwards&comma; Bitcoin collapsed and plunged to just US&dollar; 400 per chip&period;<&sol;p>&NewLine;<p>However&comma; Bitcoin again touched the range of 1&comma;000 US dollars at the end of 2016 and showed a continuing upward trend since then&period; Are you interested in making some money through cryptocurrency mining&quest; Then you can still rely on Bitcoin as long as you continue to monitor the development&period; To support your mining activities you can simply equip your tool with AMD’s graphic cards&period;<&sol;p>&NewLine;

Exit mobile version