AMD and NVIDIA sell 7% more graphics thanks to cryptocurrency mining

Robert Sole August 25, 2017

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AMD and NVIDIA are making cash thanks to the mining of cryptocurrencies, contributing an increase in sales of more than 7% quarter-on-quarter, which affects the stock in both brands differently.

A new report has come out from the technology consultancy JPR, which talks about graphic cards and the impact on the sales of these graphics by cryptocurrencies. Cryptocurrency mining is something that is giving a lot of benefit to manufacturers and sellers of graphics cards, so much so that AMD and NVIDIA have reported an increase in sales of up to 31% in the last ten years, according to JPR and there has been an increase 7% quarter-on-quarter, all thanks to cryptocurrency mining.

NVIDIA is being stronger compared to AMD, as according to the data, NVIDIA has better withstood the impact of mining and has been able to offer stock not only for mining cryptocurrencies, but also for the gaming segment, while AMD has suffered and suffers from many stock problems. The increase in demand, with two market segments competing for the same product, has caused a price increase, in some cases quite insignificant, while in other cases it has doubled the original price. Not only this, it is the first time in twenty years that the number of dedicated graphics cards has suffered such a significant rise.

The rise is caused by Ethereum, which is best mined by AMD and by Zcash, which is best mined by NVIDIA, although both brands can mine these two cryptocurrencies. We must remember that Bitcoin is put into this bag due to ignorance, normally, because Bitcoin is not mined with a graphic card, since it does not rent, it is mined with ASIC and mainly in China, where electricity has a ridiculous cost. The rise in value of Ethereum and Zcash, generates a rise of 7.2%, quarter-on-quarter. Specifically, AMD has increased by 8% and NVIDIA by 10% and Intel has noticed a 6% sale in terms of processors. The increase is divided into a 6.4% increase for mining, a 5% increase for a desktop computer and up to 7% sales of graphics on laptops have increased.