AMD Plans To Increase Production Of Graphics Cards To Meet Cryptocurrency Mining Demands
Advanced Micro Devices has announced that it is going to increase GPU production. The reason for the increased production of graphics cards is to meet the demand? Bitcoin Mining is growing fast. Currently, many startups are on the market. Because of this, AMD does not want to let her clients down. As you well know, the company is also making money when it creates new GPUs. For now, it is hard to say where the recently-developed RX Vega GPUs are. The truth is that they have disappeared from the shelves. Have they been stolen? The answer is no!
Why Does AMD Want To Develop Graphics Cards To Meet Cryptocurrency Mining Demands?
The devices have virtually disappeared. Thanks to many startups, the few tools that were created have been consumed by the ready market. It is for this reason that AMD wants to embark on the creation of more of such devices. The company says that revenue from the graphics section has grown tremendously. In fact, the company says that revenue has increased to over a billion dollars. That is after doing the business for a short time. The company precisely means that the over a billion dollars it has received in the last quarter of 2017.
Wants To Satisfy Gamers And Bitcoin Miners
Upon realizing the shortage, AMD says that it will move with swift to satisfy its direct clients, the miners, and real money casino gamers. Skyrocketing prices and the ever-increasing demands for the digital coin is creating a huge discrepancy. AMD says that now than ever, many people are interested in digital currency investment. Because of this, mining is among the major ways in which people get the Bitcoin. It is evident that there is need to develop more GPUs. It was recently when Nvidia, which is AMD’s main competitor acknowledged that there is an acute shortage of gadgets. AMD also said that its Radeon cards, which are the primary components in GPUs are out of stock.
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When Will AMD Graphics Cards Be Ready For Cryptocurrency Mining?
The company is now promising to increase production. Through its CEO, the company says that it will ensure all its clients are taken care of without compromising on quality. “The graphics channel is shallow. But we are certainly working to replenish that environment. For now, we are aware that the availability of graphics cards is “lower than we would like it to be,” said CEO Dr. Lisa Su. The CEO’s latest statement is different from what she said last fall. During that time the CEO said that the demand was starting to level off. That meant that the number of Bitcoin mining GPUs in stock was more than enough.
AMD or Advanced Micro Devices, Inc has had a great year in 2018. It starts of trading a little over ten dollars per share earlier in the year. After Mad Money’s Jim Cramer gives his stamp of approval on the stock in his Action Alerts Plus stock newsletter, Advanced Micro Devices soars to almost thirty dollars per share.
While some folks say this is not the largest gain in the stock market for 2018(and they are right), the $AMD stock was a profitable investment for many other investors to the point where they more than doubled their money in less than one year. That’s right, doubling your money in less than one year outperforms most of the hedge funds on wall street. Since 2018 was a bad year for cryptocurrency, Bitcoin including, we don’t know when AMD will be ready for Bitcoin mining.
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