NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

AMD Estimates Poor Q4 as Demand for Crypto Mining Graphics Cards Dwindles

Davit Babayan
Davit Babayan
6 years ago
2 mins read
GPU

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

A promising demand prediction for crypto mining chips led AMD on a manufacturing spree. But the chipmaker’s latest revenue forecast reveals that it misread the market.

The American multinational said that it now expects the revenue of the fourth quarter of 2018 to be about $1.45 billion. That marks a 150 million dollar cut from the original estimates at $1.6 billion, according to Refinitiv data. While the revenue from AMD’s graphics and computing business looks strong at $938 million, it is the blockchain asset mining chips that are contributing the most to an overall bearish forecast.

The AMD stock value also took a tumble in extended trading following the forecast, crashing near to 23 percent in after-hours trading. The regular session crash, at the same time, was 9.2% to $22.79. Investors are now speculating a growth slowdown in the AMD market.

Weak Crypto Market Responsible?

The poor crypto market sentiment in 2018 compared to the previous year’s booming performance point to everything that could have gone wrong with AMD revenues. The company in 2017 recorded substantial profits by selling mining rigs equipment to investors who were bullish on the cryptocurrencies they were going to mine. Due to higher crypto-to-fiat rates, the rewards made via mining were also higher, which made chip-makers to believe that the demand for their graphics processing units (GPU) will not dwindle.

But the crypto crash that began at the beginning of this year changed the dynamics of everybody involved in the space, including miners. Their USD-enabled profits ventured into negative territories, bringing investors to a point when they would spend more on purchasing GPUs than earn from them. Hence, AMD started noticing the declines in the sales of its graphics chips that were mainly designed for crypto mining operations.

“The miss was due to GPU. AMD had too high an exposure to the crypto-currency market. Additionally, they do not have a competitive line-up in the PC Gaming market,”

Summit Insights Group analyst Kinngai Chan told Reuters.

Competition from ASIC Mining

AMD also faced stiff competition from companies developing similar but more efficient hardware to mine blockchain tokens. Application-Specific Integrated Circuit, or ASIC, proved to be faster and more scalable than GPU rigs, making themselves more suitable to mine leading cryptocurrencies like Bitcoin and its forked version Bitcoin Cash. Bitmain, an ASIC manufacturing company, for instance, posted bigger profits than AMD and Nvidia.

Though Bitmain also faced losses of over $400 million in Q3 2018, the demand for ASIC machines remained higher than that of GPUs throughout the year. Investments continued to flock in towards the ASIC space due to its relevance to bitcoin-specific mining, whose block mining reward totals near $767,000 at the time of this writing.

 

Image from Shutterstock
Tweet123Share196ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found Bitcoin."

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

จับตา AI Agent บน BNB Chain โอกาสทองหรือแค่กระแส

จับตา! AI Agent บน BNB Chain: โอกาสทองหรือแค่กระแส?

เทคโนโลยี AI กำลังเข้ามามีบทบาทมากขึ้นในโลกคริปโตเคอร์เรนซี และล่าสุด BNB Chain ก็เป็นอีกหนึ่งแพลตฟอร์มที่กำลังเผชิญกับการเปลี่ยนแปลงครั้งใหญ่นี้  หลายโครงการเริ่มผสานรวม AI Agents เข้ามาเพื่อเพิ่มประสิทธิภาพและสร้างนวัตกรรมใหม่ ๆ ในระบบนิเวศ และบทความนี้จะพาคุณไปเจาะลึกถึงกระแสนี้ 1. CZ แห่ง Binance หนุนเต็มที่! ปูทางสู่ยุค...

Nida Saenthaweesuk 5 months ago
OpenAI Announces Deep & Utah Prepares Bitcoin Bill. Can These AI Meme Coins Soar 100x?

OpenAI Announces Deep & Utah Prepares Bitcoin Bill – These AI Meme Coins to Soar 100x

In just 45 days, Utah could become the first US state to roll out a Bitcoin reserve, signaling bullish times...

NewsBTC 5 months ago
Bitcoin

Bitcoin Nears $60,000 As Putin Signs Law Legalizing Crypto Mining In Russia

In a significant boost for the largest cryptocurrency on the market, Bitcoin (BTC) has surged nearly 9% in the last...

Ronaldo Marquez 11 months ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

fantasy pepe rozgrzewa web3

Fantasy Pepe rozgrzewa Web3. Giełdowa niepewność napędza alternatywy

agnieszkaz 2 months ago
Pepe coin stúpol o 20 %

PEPE za posledný týždeň vzrástol o 20 %. Pozornosť však púta tento AI Pepe meme coin

Nina Šefčíková 3 months ago
Tron

Tron And Bitcoin: Will A Block Reward Cut Boost TRX Price?

Christian Encila 3 months ago

Premium Sponsors

Press Releases

  • 今買うべき注目の仮想通貨プレセール3選:革新的レイヤー2と次世代トレーディングプラットフォーム

    ...

    2 hours ago
  • ビットコインが118,000ドルを回復|今注目の新しい仮想通貨と次の10倍成長が期待されるBTC代替案

    ...

    2 hours ago
  • イーサリアムが3,500ドルに迫る中で注目すべきアルトコイン3選

    ...

    2 hours ago
  • 仮想通貨投資の新たな選択肢として注目を集める話題のミーム銘柄、市場の盛り上がりと共に関心拡大

    ...

    2 hours ago
  • 新高値更新で17%上昇のXRP、しかし今注目すべきico仮想通貨は別にあると専門家は指摘

    ...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.