Mining Helped Amd and Nvidia the Most

With the increase in GPU mining day by day, graphics card manufacturers undoubtedly benefited the most from this sector.

Nvidia, 180 percent increase in stocks compared to last year, due to the intense demand of its miners for GPUs. While observed, AMD also showed an increase of 112 percent. Global investment banking firm Jefferies says the demand for GPUs will increase in the coming months, according to a new report. .

In addition, there are expectations that the demand will increase day by day thanks to the new cryptocurrencies (coins) that are released to the market with the constantly updated blockchain technology. As such, both companies announced that they will use their focus to develop GPU versions.

In case of a possible disaster (end of mining); It should also be noted that companies have the capacity to be affected by a maximum of 10-15%.

The fact that graphics cards created with infrastructure investments and advanced technologies are not only used for mining should be an example of this. It should be noted that the miners’ release of the cards they use after a certain period of time as second hand also contributes to the brand awareness of both companies.

Coindesk

Mesut Rags

Global Marketing / Mining Specialist

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