AMD CEO denies GPU sales to Cryptocurrency Miners

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AMD CEO denies GPU sales to Cryptocurrency Miners. The Market Goes up and Down so the Users need to adjust. The GPU Sales to Crypto Currency Miners are crashing says AMD CEO.

Also read, Nvidia reports huge earning from Cryptocurrency Mining.

AMD GPU Sales for Cryptocurrency Mining

The graphics processing computing company has increased the production unit of Graphics called as GPUs. This increase in units has been determined to address a shortage caused by Crypto Currency Miners.

However, those sales are now declining. The cost of GPUs will be not decreased in spite having the decline in the growth of mining sectors. The Price of these graphics units will even not reduce in upcoming years. According to latest reports over 3 Million graphic units have been sold last year-2017.

Taiwanese-American business executive and AMD (Advanced Micro Device) CEO – Lisa Su stated once that “I do imagine the Block-Chain infrastructure is right here to remain. I consider there are a lot of currencies. There are various purposes that are using the Block-Chains Technologies. We really don’t see a significant threat of second-hand GPUs coming into the sector. I think what you uncover is that a single. There are the number of different countries and two a whole lot of these buyers that are purchasing GPUs. These days are really purchasing them for many use conditions both Commercial and Client.”

Reports have clearly shown concerned about the fact that Graphics Processing Hardware’s have indicated decreased in demand in the CryptoCurrency mining sector. 

Currency Developers are being protective about AMD and NVidia’s Lucrative Ethereum. It is believed that there is a huge and continuous demand of GPUs (Graphics Processing Units) from Ethereum miners.

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Michael Williamson

Michael Williamson is a content marketer who formerly worked out of Unbounced's Montreal office. A writer by day and a reader by night, he is loathe to discuss himself in the third persona, but can be persuaded to do so from time to time.

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