Blockchain software company ConsenSys, semiconductor producer AMD, and Abu-Dhabi-based investment management firm Halo Holdings are jointly working on a blockchain-based cloud computing infrastructure. ConsenSys announced the collaboration in a press release published on Jan. 4. Per the release, the companies have partnered to create the so called W3BCLOUD aimed at the development of AMD hardware-based datacenter products for emerging blockchain workloads. Within the collaboration, ConsenSys will provide expertise in the field of computing in blockchain transactions, security issues, and use cases for the technology. According to the statement, W3BCLOUD would be “the first” independent cloud computing blockchain infrastructure to satisfy …

AMD’s popular Radeon RX580 graphics processing unit (GPU), which has been widely used by crypto miners, is now being sold for $179.99, gaming magazine PC Gamer reported on Thursday, Dec. 19. This means that the GPU, which reached a peak average price around $550 in February 2018, has seen a 67 percent price drop throughout the bearish year, dubbed “Crypto Winter” by some crypto entrepreneurs. As Cointelegraph previously reported, the year-long bear market has had a significant effect on the crypto mining industry, with dramatic drops in revenue forcing many miners to quit the industry and sell off their equipment. …

A year long bear crypto market appears to have had a negative impact on the profitability of cryptocurrency mining. In spite of this, Bitcoin miners still managed to generate $4.7 billion in profit in the first six months of 2018. Constantly growing competition between big mining pools and the increasing difficulty of Bitcoin’s algorithm make getting the first cryptocurrency less profitable and weight the scales against small players. Miners shut off their machines, and card manufacturers suffer losses. In particular, AMD representatives, whose last quarter fiscal report, published on Oct. 24, demonstrated that revenues from the sale of mining Graphics …

AMD, a California-based semiconductor manufacturer, has evidently partnered with seven major tech companies to produce eight new cryptocurrency mining rigs, according to AMD’s official website as of today, Nov. 5. As per the list of newly-released miners on AMD’s site under the title “AMD and Blockchain Technology,” the firm has partnered with Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Rajintek to issue eight different rigs boasting “Ultimate stability,” “24/7 performance” and “Enterprise-level quality.” The price for the equipment has not yet been specified at press time. On their website, AMD stresses that the partnership will bring new “blockchain compute solutions” …

In its quarterly financial results report published Oct. 24, semiconductor manufacturer AMD reveals that “blockchain-related graphics processing unit (GPU) sales in the third quarter were negligible.” American semiconductor company AMD stated in its third quarter 2018 financial report that revenue rose to $1.65 billion, up 4 percent year-over-year, although the figure is below estimates of $1.7 billion. The decrease is attributed to overall lower graphic revenue in the company’s Computing and Graphic business segment since last quarter. Nevertheless, AMD’s Computing and Graphic segment revenue saw a 12 percent increase year-over-year up to $938 million primarily due to strong sales of …

The price of specialized graphics processing units (GPUs) has been declining along with sinking prices in digital currency markets, Computerworld reported July 10. While at the end of 2017 and beginning of 2018 cryptocurrency mining caused a sharp rise in the price of high-end gaming cards, the tendency seems to have reversed as crypto markets continue on a downward slope. Add-in board (AIB) prices are reportedly falling and supplies increasing amid a severe drop in cryptocurrency prices. Manager of digital media at Jon Peddie Research C. Robert Dow told Computerworld that they predicted the drop, adding that “the cost to …

Sources say that the recent slump in the crypto markets is leading to graphics card suppliers lowering their prices, tech outlet DigiTimes reported June 29. Unnamed sources from the “upstream supply chain” told DigiTimes that the sale of ASIC crypto mining hardware have been negatively impacted, with a predicted price drop of 20 percent in July. Among the affected companies are the Taiwan Semiconductor Manufacturing Company, as well as its integrated circuit (IC) design service partners like Global Unichip. DigiTimes notes that the global graphic card market inventory is currently around several million units. The US-based Nvidia, another graphic card …

The mining industry is probably the oldest activity related to cryptocurrency. It all began in 2009, when Satoshi Nakamoto generated the first block on the Bitcoin network. Today, mining is an entire industry which spans 114 countries around the world, and restlessly ensures the functioning of the global network of cryptocurrencies. According to Blockchain.info analytics, the total profitability of the market over the past year comprised $4.1 billion. This figure doesn't include the income earned from the sale of mining equipment, which is estimated to reach some $3-4 billion, as is the case of industry giant Bitmain. Bitcoin network Along …

While Advanced Micro Devices Inc.’s (AMD) shares have seen substantial growth in the past month due to a cryptocurrency mining boom, two analysts warn that investors could be disappointed should mining die down, MarketWatch reported June 20. In the past month, AMD’s stock has gained around 30 percent thanks to the graphic processing units (GPUs) produced by the company, which have established themselves as effective hardware for crypto mining. Some analysts, however, have expressed concern that the recent success of AMD’s stock may not last long if crypto mining quiets down, or if miners choose GPUs by other manufacturers. Stacy …

Nvidia (NASDAQ: NVDA), an American graphics processing units (GPUs) manufacturer, has recently reported that the company generated $289 mln from processor sales to the crypto market, Bloomberg reports May 10. This is reportedly the first time Nvidia shared information regarding its revenue from chip sales to the crypto mining market. According to Susquehanna analyst Christopher Rolland, Nvidia’s first-quarter sales from mining hardware were anticipated to be much lower, around $200 mln. Nvidia CEO Jensen Huang explained that they were able to exceed expectations due to increased demand for GPUs from crypto miners, resulting in higher prices. “Crypto miners bought a …