Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Finance

Finance

ASUS Developing Cryptocurrency Mining Graphics Card

With most graphics cards designed to cater to PC gamers and artificial intelligence programmers, graphics card designer ASUS is innovating a new use for graphics cards: mining cryptocurrency. Mining digital currencies including Bitcoin requires a lot of computing power, meaning that powerful graphics cards are beneficial for miners. Seeing an opportunity in a niche market, ASUS hopes to capitalize on providing currency miners with the highest powered and affordable costing graphics card.

ASUS is planning to sell a version of its AMD- and Nvidia- based cards designed to cater specifically to the needs of cryptocurrency miners. While no pricing or availability information has been provided yet, the Asus Mining P106 and the Asus Mining RX 470 have shown up on the company’s website this week. While no cost has been given, ASUS strives to provide a low-cost but relatively powerful graphics card to be used in computers serving as clearinghouses for transactions.

ASUS has designed their cards to be durable, allowing for 24/7 uninterrupted coin production operations. The RX 470 has an AMD Radeon RX470 and 4GB of dedicated RAM, meaning that it will not be powerful enough to maximize graphics settings when playing a game at 4K resolution. Instead, the card is better designed to suit currency miners, with a combination of price and power that should remain appealing. The Nvidia-powered P106 increases dedicated RAM to 6GB, though most other specs match the RX 470.

NVIDIA and AMD are the major players in the GPU market, making dedicated chips capable of the graphics and parallel processing power needed for high-end gaming and mining amongst other capabilities. The main reason for why other graphics cards designers have not yet developed a similar graphics cards is due to how multiple GPUs can be connected to a single motherboard, which is the ideal situation for a currency miner. ASUS is a third party vendor that uses chips from Nvidia and AMD and mounts them on custom PCBs to be marketed as high-end graphics cards.

This new direction allows graphics card designers to explore a new market, creating cards that remain low-costing and incrementally increasing the power capabilities, instead of the usual goal of providing the most powerful graphics card for a competitive price.

Currency miners typically make a small amount of money by serving as a verification service for transactions using digital currency. Each day, miners record transactions to a ledger and receive the equivalent bitcoins for each block they record. While it was once possible for individual miners to make large sums of money, with the discovery of new currencies becoming more and more difficult, the sums of money miners make has also reduced. Hence why price is an important consideration, and a moderately priced but powerful GPU could attract miners who realize the long projected time frame required for them to break even on their hardware investments.

With the resurgence of cryptocurrency mining markets comes a demand for graphics cards designed to meet the demands of currency mining, Asus, AMD, and Nvidia’s development of qualifying graphics cards capitalize on a rising market that can be expected to bring them great returns on their investment.

It will be interesting to see how the market for graphics cards designed for currency markets develop, considering the potentially limited scope once the required processing power combined with the cheapest cost has been achieved. Furthermore, it will it be interesting to see how a supply cater to currency miners may affect the currency mining market, and whether there will be an increase in individual miners.

Featured Image via Flickr/Sean MacEntee


Comment Template

You May Also Like

Technology

AMD achieved a major milestone in 2024, surpassing 100 million gaming chips shipped. Strong demand for Ryzen processors fueled growth, despite a decline in...

Cryptocurrencies

An increasing number of parents are using Bitcoin as an alternative to traditional college savings plans, driven by optimism about its growth potential and...

AI

Nvidia faced a historic $600 billion market cap loss after China’s DeepSeek launched a cost-efficient AI model, challenging reliance on high-performance GPUs. The event...

Technology

DeepSeek’s R1 AI model shook global tech and finance, outpacing Silicon Valley giants at just $5.6M in development costs. Its debut triggered a Nasdaq...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok