How does AMD feel about mining? Company position
More recently, we talked about the fact that Nvidia deliberately underestimates the performance of its own video cards in mining. This is a rather interesting solution, which, according to rumors, has already been circumvented. But Nvidia is far from the only graphics card manufacturer on the market today. Its main competitor, AMD, is doing very differently. Representatives of the organization said today that they do not intend to limit the performance of devices in the extraction of digital assets. Below we will tell you everything that should be understood on this issue. So let’s get started.
First, we note that we are talking exclusively about a new line of video cards – Radeon RX 6700 XT. These are advanced devices that are initially sharpened for loads in video games, but are also actively used to interact with the Blockchain. Due to the high price of digital currencies, many users started mining, as a result of which they began to purchase video cards. As a result, there is a complete shortage of equipment, exorbitantly high prices for video cards and a generally dubious situation in the computer equipment market.
Nvidia tried to solve this problem by artificially decreasing performance. AMD, on the other hand, said that graphics cards should be used with the power provided by the engineers. Even if productivity is channeled in a different direction. Anyway, according to AMD representatives, the RX 6700 XT series is not meant for mining. Due to their hardware design, the cards will show fairly mediocre performance. Consequently, there is no need to understate an already not high indicator.
How will actions of AMD affect the industry?
Obviously AMD is acting as a counterweight to Nvidia. In pursuit of public recognition and big sales, the company even began developing its own video card exclusively for mining. However, so far this information has not been confirmed. But even with such an open attitude and not wanting to degrade the computing power of the RX 6700 XT, AMD puts itself above the competition. These are complex marketing wars, with one single goal – to make colossal profits from the sale of expensive video cards.
And, of course, the cryptoindustry will not stand aside. At the moment, AMD cards, although designed for video games, can be fully used in the extraction of cryptocurrencies. This is why for the average blockchain hobbyist AMD is so much nicer than Nvidia. We strongly recommend that you study our recent article, which details Nvidia’s view of Blockchain and the situation with a shortage of video cards. This will allow us to fully understand the differences in the positions of the two largest computer equipment manufacturers.
AMD CEO also said that so far the company sees its main goal – to support gamers. New models will be equipped with advanced devices and digital solutions, especially for digital battles. The active development of mining, at least at the time of publication of the article, is not discussed in the official field.
However, the unprecedented rate of growth in the digital marketplace could change everything. The main thing is to stay up to date with the latest developments in the crypto industry. To learn about all the news of the Blockchain and the world of cryptocurrencies, follow the current news with us. We publish only high-quality, interesting material. Thanks for attention. We wish you good luck and pleasant use of the mining equipment!