Mining for Bitcoin & Ethereum: Price Boom Leads to AMD GPU Sell Out

in bitcoin •  7 years ago 

AMD graphics cards for PCs are running in short supply as a new generation of bitcoin adopters drive demand for hardware to mine the cryptocurrency.

The dramatic rise of bitcoin prices – bitcoin has gained nearly 200% in 2017 – is sparking off a resurgence in small-scale cryptocurrency mining, according to hardware manufacturing giant AMD.

AMD, which is known to compete with Intel in the processor industry, is also a giant in the PC gaming market. The space is dominated by a duopoly between Nvidia and AMD, who manufacture standalone graphics cards or GPUs. GPUs are typically used for graphics intensive activities such as gaming or video editing. They are also useful for mining cryptocurrencies like bitcoin and Ethereum.

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