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The leading video card provider enters the cryptocurrency mining business

The leading video card provider enters the cryptocurrency mining business

Extraction

Sapphire Technology, one of the largest suppliers of AMD-based video cards in the world, has announced that it is officially entering the cryptocurrency hardware business. The company based in Hong Kong is launching a flagship plant for the mining industry.

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A new player enters the field

<img class = "alignright wp-image-252664 size-medium” title=”The leading video card provider enters the cryptocurrency mining business” src=”https://news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_02-300×150.jpg” alt=”Important video card provider for Cryptocurrency Mining Business "width =" 300 "height =" 150 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_02-300×150.jpg 300 watt , https: //news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_02-768×384.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_02- 1024×512. jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_02-696×348.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/11/ INCA_CS14_System_02-1392×696.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_02-1068×534.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/ 2018/11 / INCA_CS14_System_02-840×420.jpg 840w "sizes =" (maximum width: 300px) 100vw, 300px”/>The new rig of Sapphire, the INCA CS-14 block chain computing system, features 14 RX 470 GPUs and comes preloaded with the Linux operating system and data mining software. It is expected to provide a hash power of 410 MH / s, plus or minus 5%, with an energy consumption set at around 1,950 watts. The company claims to have put "over 15 years of know-how in the production of graphics cards in the state of the art "in the development of the new cryptocurrency mining plant.

The system seems to be designed with a view to mining professions, as it uses a range of data center optimization technologies. It is compatible with standard racks made by most suppliers, the airflow is optimized for large configurations, all cables are installed in one direction and allows the management and monitoring of power up to the single outlet of the mining rig.

Is the mining industry still a growing industry?

<img class = "alignright size-medium wp-image-252662″ title=”The leading video card provider enters the cryptocurrency mining business” src=”https://news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_03-300×205.jpg” alt=”Important video card provider for Cryptocurrency Mining Business "width =" 300 "height =" 205 "srcset =" https://news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_03-300×205.jpg 300 watt , https: //news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_03-768×526.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_03- 1024×701. jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_03-218×150.jpg 218w, https://news.bitcoin.com/wp-content/uploads/2018/11/ INCA_CS14_System_03-436×300.jpg 436w, https://news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_03-696×476.jpg 696w, https://news.bitcoin.com/wp-content/uploads/ 2018/11 / INCA_CS14_System_03-1392×953.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/11/INCA_CS14_System_03-1068×731.jpg 1068w, https://news.bitcoin.com/wp- content / upload / 2018/11 / INCA_CS14_System_03-614×420.jpg 614w "sizes =" (maximum width: 300px) 100vw, 300px”/>Sapphire's decision to enter the cryptocurrency mining hardware business is a surprising demonstration of confidence in the future growth of the industry. Many of the recent mining news has been less than positive, to say the least, with lower prices pushing many operations below profitability. For example, at the beginning of this month it was revealed that the weak demand from GPU miners was one of the main factors contributing to the collapse of sales for graphics card manufacturers like Asus and Gigabyte, who are struggling with the unsold inventory.

"The blockchain market is a very exciting space and as this nascent industry continues to grow, it represents a significant opportunity for Sapphire," said Adrian Thompson, global vice president of marketing at Sapphire Technology. "Sapphire graphics cards are renowned in the industry to push the boundaries of performance, innovation and engineering quality and we are looking to leverage this experience and expertise to create industry-leading Blockchain systems for commercial extraction operations."

And is it a good sign that GPU producers believe that a recovery will come soon? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Sapphire Technologies.


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