AMD reaaaally wants you to buy its new cryptocurrency mining gear

Thirsty for a piece of the action from the cryptocurrency market, it appears AMD has become the latest graphical processing unit (GPU) manufacturer to target the blockchain sector.

AMD just launched a new explainer page for cryptocurrency and blockchain tech. While the page admits cryptocurrency is currently the most well-known use case of blockchain, it suggests the technology has enormous potential to make an impact in a number of other sectors.

Here are some of the industries that AMD believes can benefit from the application of blockchain:

  • Medicine and Health Care
  • Finance and Banking
  • Insurance
  • Internet of Things (IoT) and Networking
  • Digital Advertising
  • Cyber Security
  • Supply Chain Management
  • Forecasting
  • Cloud Computing
  • Government
  • Retail
  • Real Estate
  • Publishing
  • Non-Profit Energy

[embedded content]

For a technology that has barely found any productive usage outside of Bitcoin and Ethereum (and a few others privacy-oriented currencies), AMD seems to be placing a whole lot of hope in blockchain.

In fact, the list of potential future use cases is so long, it almost seems like blockchain is a welcome addition to practically any industry.

Many would argue that is hardly the case. But there is a good reason why AMD hasn’t: its new blockchain “explainer” section is practically a landing sales page for its new line of hardware (which also happens to be somewhat well-suited for mining).

AMD reaaaally wants you to buy its new cryptocurrency mining gear 1

Real smooth, AMD, real smooth.

In all fairness, there is nothing wrong with some competition in the mining sector – especially because this is likely to make the technology better and cheaper for consumers. Not so long ago, cryptocurrency giant Bitmain practically ruled over the mining sector, but reports suggest it has been losing ground to competitors.

Indeed, mainstream tech titans like Samsung have already expressed interest in the mining sector too, though there haven’t been any significant developments.

For those out of the loop, GPU manufacturers enjoyed healthy bumps in stock price when the cryptocurrency hype was at its height, but those gains quickly disappeared when the crypto-bandwagon started to lose steam.

It’ll be interesting to see if AMD’s mining adventure ends better than Nvidia’s.

Published November 6, 2018 — 16:57 UTC

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

Crypto casinos
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin55,293 0.76 % 1.30 % 5.42 %
Ethereum4,160.7 0.49 % 1.82 % 3.63 %
Binance Coin612.48 1.43 % 3.50 % 4.82 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Solana198.58 0.36 % 1.41 % 7.99 %
Cardano1.580 1.26 % 1.45 % 15.72 %
XRP0.9588 0.46 % 0.19 % 12.14 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2215 0.68 % 1.42 % 7.23 %

bitcoin
Bitcoin (BTC) $ 55,104.00
ethereum
Ethereum (ETH) $ 4,154.69
binance-coin
Binance Coin (BNB) $ 608.10
tether
Tether (USDT) $ 1.00
solana
Solana (SOL) $ 198.72
cardano
Cardano (ADA) $ 1.57
xrp
XRP (XRP) $ 0.957924
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 35.69
dogecoin
Dogecoin (DOGE) $ 0.207995