Nvidia Leaves While Sapphire Technology Enters the Cryptocurrency Mining Business
As One Door Closes, Another Must Open – Nvidia Leaves While Sapphire Technology Enters the Cryptocurrency Mining Business
Sapphire Technology, known as one of the largest suppliers for AMD-based video cards internationally has officially entered the ring that is the cryptocurrency hardware. The company, from its headquarters in Hong Kong, is launching its flagship mining rig in the near future.
The New Contender in the Ring
The company's new rig, known as the INCA CS-14 Blockchain Computer System boasts a number of interesting features. These include 14 RX 470 GPUs, and also comes preloaded with the Linux operating system and mining software. Overall, the rig is expected to deliver a hash power of roughly 410 MH/s with a variance of 5 percent above or below. Alongside this, its power consumption is set at approximately 1,950 watts.
Sapphire intends to reiterate the amount of know-how that has been used in order to make this rig possible, claiming that it has put “Over 15 years of knowledgeable manufacturing of state of the art graphics cards into the development its brand new flagship mining rig.
With the development of this system, Sapphire has its sights set on the professional mining farms in a number of different pools internationally. This is demonstrated through its employment of a range of date-center optimization technologies. It also features compatability with standard racks which are made by most vendors, requiring little in the way of changes in equipment for users.
The airflow in each is optimized to support large configurations, with all of its cables installed in one direction. It also allows for effective power management and monitoring down to the individual mining rig outlet.
Is Mining Still a Growing Sector? Or a Faltering one?
The company's decision to enter the cryptocurrency mining business is an interesting and surprising show of confidence from Sapphire, and a remarkable demonstration of its faith in future growth in the sector.
This is in opposition to the majority of news that has been coming out of the space, which has been less than positive, if we are to be diplomatic about it. 2018's long bearish swipe has pushed a large number of operations far below their initial profitability. An example of this was earlier in the month when it was shown that a weak demand from GPU miners has been the one of the primary factors to the overall slump in demand for graphics cards from manufacturers like Gigabyte and Asus, both of which are still struggling with their respective unsold inventories.
“The blockchain market is a very exciting space to be in and as this nascent industry continues to grow, it represents a significant opportunity for Sapphire,” the global Vice President of Sapphire Technologies, Adrian Thompson provides a more optimistic view both of the crypto mining space, and of Sapphire’s move into the Cryptocurrency mining field.
“Sapphire graphics cards are renowned in the industry for pushing the boundaries of performance, innovation and engineering quality and we are looking to leverage this experience and expertise to create industry leading Blockchain systems for commercial mining operations.”
While it makes for an interesting foray by Sapphire, with the likes of Nvidia making moves away from that area, 2019 will be the year that demonstrates whether this strategy will pay off for Sapphire
Is Sapphire's move a good sign for GPU manufacturers globally that a recovery is on the horizon? Or is it a dangerous move that will soon turn into a very big mistake?