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AMD introduces 8 new “blockchain compute solutions,” after disappointing mining-related sales

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California based multinational semiconductor manufacturer, Advanced Micro Devices (AMD) has partnered with seven leading tech companies to produce eight new mining rigs for cryptocurrencies, as per the AMD’s announcement on its official website on November 5.

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Under the title, “AMD and Blockchain Technology,” the firm has listed Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Rajintek to issue rigs of eight different types boasting “Ultimate stability,” “24/7 performance” and “Enterprise-level quality.” The price of the product has not yet been decided till press time.

AMD through their website asserts that the partnership will help to bring the new “blockchain comput solutions” into the market, and it is designed specifically to meet the various aspirations of “innovative blockchain platforms.” The mention of cryptocurrency comes twice on the page, as they are referred to as “the most well-known use case” of blockchain technology and again as the title of the section “Blockchain Beyond Cryptocurrency.”

As part of the companies promotional strategy for this new line hardware, it released a video on blockchain on October 31, simplifying the core features of the tech along with mentioning the pros of it.

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This move comes just as the company released its third quarter 2018 financial report a week ago, where AMD noted that the “blockchain-related GPU sales in the third quarter were negligible.” Furthermore, the report included that the average price of selling for GPU’s was reduced as a result of downhill sales.

Despite this development, AMD as a company has always been hazy on its view on blockchain technology. Lisa Su, its CEO in April, said blockchain was “a very important technology” with great potential in terms of transactions also noting the tech has caused “a bit of distraction.”

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