AMD to Release 8 New BTC Mining Devices

Tech giant joined forces with Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Rajintek to release 8 devices
06 November 2018   200

The manufacturer of processors and video cards AMD has entered into a partnership with Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Rajintek for the joint release of new devices for mining Bitcoin and other cryptocurrencies, writes 8btc.

All partners will present eight devices for mining. In particular, a stability-oriented solution called ASUS I, the SAPPHIRE INCA CS-14 Series model with 14 AMD Radeon RX 470 video cards, Rajintek Customizable Plug and Play Solutions with 10 AMD Radeon video cards, and others are on sale.

New mining devices
New mining devices
New mining devices
New mining devices
 

New devices are designed to increase the profits of miners who prefer to mine cryptocurrency using video cards. Prices for equipment are not yet known.

Despite the drop in sales of video cards for mining, AMD still relies on the cryptoindustry. In October, representatives of the company published a report stating that sales of mining GPU falls.

At the same time, Nvidia, a leading manufacturer of video cards and chips, announced its decision to stop focusing on the cryptocurrency industry, citing the low profitability that this direction brings to it.

Bitmain to Deny Jihan Wu is Out

Yesterday news that mister Wu left the post of chairman of the board of directors appeared
15 November 2018   85

Bitmain Bitcoin has denied rumors that its head Jihan Wu left the post of chairman of the board of directors. This is reported by CCN.

News that Jihan Wu and three other functionaries withdrew from the board of directors of the company appeared the day before. According to one version, Wu entered into an unspoken confrontation with Bitmain co-founder Micree Zhang, since he is focused on developing products in the field of AI and chip production.

It was also stated in reports of local publications, Wu moved to the position of Bitmain supervisor and lost his right to vote in the decision-making process of the board of directors, in connection with which he will no longer be able to influence the management of the company.

In a letter to CCN, Bitmain marketing manager Nishant Sharma confirmed that the board of directors of the company had undergone personnel changes, but the information that Jihan Wu had left the post of chairman called fake. He also denied the departure of other members of the board.

As is standard listing practice, Bitmain is restructuring its board and group structure, to ensure it meets regulatory requirements on its road to IPO. This is to simplify the board structure to facilitate its management. There have been no board departures and co-founder Jihan Wu will continue to lead the company as co-chair, together with co-chief executive officer, Micree Zhan.
 

Nishant Sharma

Marketing maneger, Bitmain

Bitmain filed an official application for an IPO on the Hong Kong Stock Exchange in September.