Asrock GPU Cryptocurrency Mining Hardware Manufacturing In Near Future
Asrock, one of the leading hardware manufacturers, has announced an intention to venture into the video cards market. This will begin with the introduction of a unique graphics processing unit that uses AMD chips. The news was revealed by Techpowerup which also said that the new hardware can also be used to mine cryptocurrency applications. Over the years that cryptocurrencies have been in operation, Radeon Processors have been known to offer efficient mining experiences. The main point at which these GPUs are used is in rigs that handle transactions for alternative coins such as Monero and Ethereum.
Asrock GPU Crypto Mining HW Manufacturing Soon
The Taiwanese Digitimes has also added some weight to these reports by confirming that if it goes through, the investment has the ability to impact on the profits and shares of the company. They are likely to return to the $0.31 per share that was recorded in 2008 and the profits are likely to grow significantly. The latest figures show that the company posts consolidated earning of above $313 million.
The high-end motherboards that the company manufacturers have been recording an increase in sales from the end of last year. This is despite the fact that they also produce server and low-cost motherboards. Their consumer-oriented networking products have not been performing poorly in the markets either. This is the reason they recorded a year-on-year increase in revenue of 35-45% in January 2008.
Asrock Difficult Years
However, it is important to note that these impressive results did not come easily for Asrock. Observers are not ignorant of the fact that just before the resurgent performance, the company had one of its worst performances in 2016. This is the year when they sold less than 4 million motherboards. This is way below half of the volumes they had been selling in previous years and therefore, it was important for them to bounce back to good performances.
There have been reports that major manufacturers of cards are expecting a decline in demand. This is particularly with regard to the demand by crypto miners. Many leading companies in this industry have announced their intentions to increase product. However, the new risks and markets that are related to cryptocurrencies have led to a decrease in demand in some quarters. This is one of the things that will influence demand, and the entry of Asrock is likely to spin things even more.
Some publications have reported that other leading manufacturers in this industry are also considering taking a different approach. For instance, NVidia has shelved plans to introduce new video processing units into the markets. The reports also indicate that the company is considering introducing new cards that will come with better features than what is already available. Therefore, what remains to be seen is how the entrance of a new player with resources such as those enjoyed by Asrock will affect the industry. No matter what comes out of it, what is without a doubt is consumers, especially those that are into crypto mining, will have more options to choose from.