Graphics card manufacturers Nvidia and AMD are preparing to release models of their cards for cryptocurrency mining. They have began to eye the digital coin market, because customers have bot buying up cards to the point of depleting their supply.
According to a Videcardz press article, both companies project on releasing a version of their cards ter order to sate people’s thirst for mining cryptocurrencies. The webpagina said, “Nvidia is said to launch GeForce GTX 1060 with GP106-100 GPU, a custom-built edition for mining. This card would lack display connectors and most likely it would not support any gaming at all. According to our sources, thesis cards, unlike normal editions, would only have 90 days warranty.”
According to thesis circulating rumors, AMD is also programma to produce a Polaris specimen for mining, but there are presently no more details on the nature of this miner. Some good news is that the Nvidia graphic card miners will be cheaper than their gaming counterparts.
AMD Stock Price Climbs
Spil a result of all the people desiring thesis cards for use ter mining, the stock price of AMD has climbed 7% on Tuesday. According to various news sources, this increase stock price occurred spil the request for their product has skyrocketed. The request comes, of course, spil a result of people buying cards for the purposes of mining.
An AMD spokesperson provided CNBC with a comment,
“The gaming market remains our priority. Wij are observing solid request for our Polaris-based offerings ter the gaming and freshly resurgent cryptocurrency mining markets based on the strong voorstelling wij are delivering
GPU’s not Suitable for Bitcoin Mining, That’s “Fake Fews”
It is good to reminisce, however, that thesis GPU miners are not being used to mine bitcoin, but rather to mine ethereum and other altcoins. During the early days of bitcoin mining thesis GPU’s were hot products and almost always sold out.
According to Jamie Redman, writing for bitcoin.com, “Back te the early days via 2010 through 2013 graphics cards were a hot voorwerp when it came to bitcoin mining accessories. During that time many manufacturers and suppliers permanently ran out of stock for AMD series graphics cards, Nvidia, and other types of GPUs. Since then within the current bitcoin mining environment, most miners have pivoted to using application-specific integrated circuits (ASICs)”
Also, a latest article came out from barrons.com suggesting that news sites have bot releasing “fake news.” Allegedly, thesis sites are telling that the graphics cards have bot being used to mine bitcoin. The article read, “Steves writes it’s ‘,fake news’ that either Nvidia’s or cards from AMD are being used to mine Bitcoin.” The webpagina continued, “Alluding to ‘,reports’ to that effect, Steves writes today that ‘,this is not the case spil Bitcoins are mined using ASICs and without becoming too technical about the terms, mining Ethereum is ‘,ASIC resistant’ making it unprofitable.’”. Even so, there have bot some instances of ASICs or sorts directed toward Ethereum’s algorithm.
Regardless of the fake news, it is interesting to see thesis manufacturers commencing to produce cards specifically for the purpose of mining altcoins. No telling where the future will go te terms of GPU mining setups.
What do you think of this graphic card use craze? Let us know ter the comments section below.
Photos courtesy of Shutterstock and rebeltech.co.za
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