AMD launches beta driver for Ethereum mining

Advanced Micro Devices (AMD) launches a beta version new software for blockchain compute workloads 
22 August 2017   3500

Graphics processing unit manufacturer Advanced Micro Devices (AMD) has launched a beta version of its new software driver called the Radeon Software Crimson ReLive Edition Beta for Blockchain Compute.

The software is designed mainly to improve the performance of GPUs that are used in cryptocurrency mining, e.g. Ethereum mining.

According to the report, the driver is provided as a beta level support driver which "should be considered "as is" and will not be supported with further updates, upgrades or bug fixes". On top of that, the driver is not intended for graphics or gaming workloads.

Instead, as the company details, this new driver has an optimized performance especially for blockchain compute workloads.

As for the compatibility, Radeon Software Crimson ReLive Edition Beta for Blockchain Compute is compatible with the following AMD Radeon products:

Radeon Software Crimson ReLive Edition Beta for Blockchain Compute compatibility Radeon Software Crimson ReLive Edition Beta for Blockchain Compute compatibility

As techpowerup.com speculates, AMD "took it upon themselves to release this driver due to AMD's well documented DAG performance decrease for Ethereum mining hashrates". Thus, according to Legit Reviews, the Radeon RX 480 went from an expected 14.8 MH/s at DAG #199 (down from 24.6 MH/s at DAG #130) to a prospective 24.8 MH/s DAG #199 performance according to Claymore's benchmark script. Performance improvements from the non-blockchain-geared driver release seem to stand at around 10-15%, which is pretty for a beta release.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.