09 April 2018
Cryptocurrencies such as Bitcoin are the talk of the town these days, with traders and miners alike using this new concept to earn some livelihood. But perhaps the best benefits out of such situations are for those who make mining tools possible. However indirectly, they do stand to gain advantage when people purchase mining hardware.
Take AMD, for instance. The manufacturer of some really high-quality enthusiast-level gaming hardware has seen an increase in its graphic card sales. But not just for gaming - rather, for mining as well. So much so that the company has recorded a 51% year-over-year increase in profits for its graphic cards business.
Unlike partners such as ASUS, AMD does not build specialized cards that are designed for constant use (a requirement for cryptocurrency mining). The company doesn't see it as a major industry it could expand towards, and CEO Lisa Su has said that it's "not "looking at [cryptocurrency] as a long-term growth driver."