Chip maker AMD has seen its sales buoyed in recent months by big demand for graphics cards by cryptocurrency miners. <\/p>\n
According to its latest financial report, AMD recorded $1.22 billion in revenue duringthe second quarter of 2017, up 19% compared to the same period last year. This increase, the company said, is being spurred \"by higher revenue in the computing and graphics segment.\" <\/p>\n
Yet cryptocurrency mining isn't part of its long-term strategy for growth, accordingto Lisa Su, the firm's president and CEO, who remarked on the phenomenon during a Q2earnings call this week. <\/p>\n
However, that state of affairs could change depending on how the situation progresses in the months ahead. <\/p>\n
Su said during the call: <\/p>\n
\"Relative to cryptocurrency, we have seen some elevated demand. But it's important to say we didn't have cryptocurrency in our forecast, and we're not looking at it as a long-term growth driver. But we'll certainly continue to watch the developments around the blockchain technologies as they go forward.\" <\/p>\n
Mining is an energy intensive process by which new transactions are added to a blockchain. In return for adding a new blocks, miners are awarded with new tokens, with the profits being derived from the difference between the energy expended and the prevailing exchange rate of those tokens. <\/p>\n
Much of the demand for graphics cards, or GPUs, is being driven by ethereum miners. Bitcoin mining, by comparison, is accomplished through special-purpose computers designed for that singular purpose. <\/p>\n
Graphics cardsimage via Shutterstock <\/p>\n
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Here is the original post: Chip maker AMD has seen its sales buoyed in recent months by big demand for graphics cards by cryptocurrency miners. According to its latest financial report, AMD recorded $1.22 billion in revenue duringthe second quarter of 2017, up 19% compared to the same period last year Continue reading
\nAMD: Cryptocurrency Mining Isn't 'A Long-Term Growth Driver ... - CoinDesk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"