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   862

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.

Buterin to Propose to Increase PoS-Validators Reward

According to Vitalik proposal, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%
23 April 2019   90

The creator of Ethereum, Vitalik Buterin, published on GitHub a proposal on changing the reward scheme for validators after the transition of ETH to the Proof-of-Stake consensus mechanism (PoS).

According to the formula proposed by Buterin, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%.

Buterin PoS Validators Reward Proposal
Buterin PoS Validators Reward Proposal

The more assets are fixed for validation, the lower the interest rate. So, 134 217 728 ETH will bring cryptoinvestors only 1.56% per annum. At the same time, the maximum annual emission volume will be 2,097,152 ETH.

Considering that the current volume of Ethereum's market offer is 105,777,585 ETH, this offer is focused on the medium and long term. Buterin also clarified that the profitability indicators are shown without taking into account proceeds from transaction fees. Consequently, the actual income of validators can be several percent higher than the values ​​indicated in the table.

According to Justin Drake, a researcher at the Ethereum Foundation, if after implementing PoS 32 million ETH will be allocated for stacking, the income of validators will be 3.2% per annum. At the same time, the annual emission indicator will be 1% (for comparison, the current indicator of Bitcoin inflation is 3.94%).

In this case, Drake notes that after the activation of EIP 1559 of the funds collected in the form of commissions, will be destroyed. Consequently, with an average gas consumption of each shard of 1000 ETH per year, inflation will drop to 0.5%.

Users left generally positive comments on the offer. However, some of them expressed fears that in the new conditions the exchange may receive significant advantages, which will be able to do stacking at the expense of clients.