Monday, October 25, 2021
Home Crypto News Market AMD Is Developing Graphics Card For Mining ETH

AMD Is Developing Graphics Card For Mining ETH

- Advertisement -

Following its main competitor, Nvidia, AMD may release a dedicated graphics card for mining ETH. To do this, the manufacturer will make changes to the Navi 12 video card.

According to the PC Gamer publication, the Navi 12 graphics card, which was introduced by AMD exclusively for Apple’s MacBook Pro, can be repurposed for ETH mining. The new version of the card will not have video outputs, it will not be able to be used for games.


AMD has not yet made an official statement about the release of a specialized card for mining. However, based on the published information about the AMDGPU core driver update, PC Gamer suggests that the new features of the Navi 12 graphics card make it an ideal candidate for ETH mining.

Back in January, it was reported that Nvidia is considering the possibility of resuming the production of video cards specialized for mining cryptocurrencies, if there is a demand for them. At the same time, Nvidia decided to deal with the shortage of video cards that are bought by miners to develop chips for mining.

Despite the growing profitability of ETH mining, Jon Peddie Research recently warned against investing in high-performance graphics cards for ETH mining. The firm’s analysts said that these expensive graphics cards will become useless once Ethereum switches to consensus proof of stake (PoS):

Ethereum, the most profitable coin for mining on video cards, will very soon switch to version 2.0, which will make video cards useless. It would be very stupid to invest in high-performance, energy-intensive video cards for mining ETH.

Recall that the first phase of Ethereum 2.0, the Beacon Chain was launched on December 1, 2020. The capabilities of Ethereum 2.0 will expand as the next phases are deployed.

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Good Games Guild Announces Triple IDO on Seedify, Ignition, MoonStarter

Jakarta, Indonesia, 24th October, 2021, Good Games Guild, a gaming hub that aims to create the largest virtual world economy by optimizing its owned...

YearnNFT Finance: An Advanced Approach to NFTs with Digital Art and Collectibles

Since August, the market sales with respect to NFTs have skyrocketed, where a single NFT sales round up to millions worth. There have been...

The Bank Of Israel Aims To Launch Its CBDC On Ethereum

For now, central banks around the world are still working on developing and testing their own CBDCs, but there are new ones that are...

Russian Central Bank Head Says Russia Is Not Ready To Launch Crypto ETFs

The head of the Bank of Russia, Elvira Nabiullina gave a negative answer to the question about the possibility of trading cryptocurrency ETFs in...

Spanish Banks Anxiously Waiting For Central Bank Approval To Work With Cryptocurrencies

Spanish banks are interested in providing cryptocurrency services directly to clients and expect the Spanish Central Bank will bring regulatory clarity for crypto.

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods. ...

Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq

On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.