Large mining operations stall buying
It is starting to look like there will be more GPUs in the marketplace as Bitcoin and Etherum are losing some of its momentum, and large mining operations are holding their investment in GPUs until dedicated mining cards ASICs are out.
We shouldn't be surprised, but GPU sales have skyrocketed over the last few quarters. Our colleagues from the press have criticized AMD for Radeon Vega, but AMD sold every single one. Once the market sucked all Radeons, it went for Geforce GTX 1060, 1070, 1080 so pretty much anything that can mine well.
But will sure try
It was cute to see everyone covering the fact that Nvidia is up in arms against (r) etailers who are selling to miners. Unfortunately, there is hardly anything Nvidia can do to stop the trend.
To show off how recycling old smartphones can be a lucrative exercise, Samsung has rigged up 40 old Galaxy S5 devices and turned them into bitcoin mining machine.
Crypto GPU market here to stay
AMD and Nvidia are heavily profitinging from the crypto market right now. Today, a few quarters into the whole Bitcoin and Ethereum, it looks like the cryptocurrencies are here to stay.
AMD is eating into Nvidia market share
Sales of PC graphics add-in cards rose in the second quarter for the first time in nearly a decade, benefiting Nvidia and AMD.
But most GPUs are sold to miners
Lisa Su was asked at Q2'17 investors conference call about the mining market and she was brave enough to say that the company didn’t plan its financials on the mining market boom. This sales tsunami did give AMD a great quarter, but at the expense that plucky gamers could not buy any cards.
Stocks jumps 9.85 percent
AMD has announced its Q2 2017 results and they are a bit better than Wall Street expected with $1.22 billion revenue versus an expected $1.16 billion.
At the right quality and price
There is no doubt that AMD GPU profits are coming from bitcoin miners and AMD is taking advantage of this sudden interest.