AMD Jumps Back into Crypto Mining Rigs

This year has been hard bear market for the crypto markets since its all time high back in December 2017, and during its peak, GPU chipmakers were charging exorbitant prices for the high end graphics cards to potential crypto miners. Nvidia and AMD would eventually continually dwindling sales as the market careened in a downward spiral, with the holding onto an overstock of the formerly desirable cards on retail shelves. The mining industry in total was a complete loss however, as ASICs manufacturers saw growing revenues. This news has spurned AMD to jump in bed with seven blockchain-based firms to create a crypto mining rig, in an attempt to get in on the fact that mining hardware manufacturers are earning more than the miners.

The partners of AMD are Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Rajintek.

The chip makers new partnerships enabled the company to develop a mining rig oriented to hash rate optimization for blockchain mining operations. This has led to AMD showcasing eight crypto mining products on its official website product list. The new rigs are designed to be specialized for each type of miner and their budget. The range from a simple rig to extravagant, with the SAPPHIRE INCA™ CS-14 Series powered by 14 AMD Radeon RX 470 GPUs being their high-end and further upgradable mining rig. The prices have thus far yet to be disclosed.