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AMD to Create Optimal Crypto Mining Rig with ASUS, Sapphire, ASROCK, Biostar, MSI, TUL and Rajintek

Since the decline of the Bitcoin prices from its peak in January, no other domain of the crypto ecosystem took as much hit as the mining industry. Even though ASIC manufacturers still managed to make profits, GPUs didn’t follow the same path. In fact, just last month AMD released its quarterly report which showed that blockchain related GPU sales in the third quarter of 2018 were negligible. In the report, the company asserted that CPU processor sales made up for the drop in graphics card sales which have become a negligible part of its business. “Blockchain-related GPU sales in the third quarter were negligible. In the third quarter of 2017, blockchain-related GPU sales were approximately high single digit percentage of total AMD revenue. The quarter-over-quarter decline was due to significantly lower graphics revenue driven by high channel inventory, partially offset by higher Ryzen processor revenue.” The AMD team is not disheartened by the result and view blockchain as an opportunity to be captured. They even released a range of products especially targeted for crypto mining. SAPPHIRE INCA CS-14 Series: Ultra high performance powered by 14 AMD Radeon RX 470 GPUs and AMD Embedded G-Series FP4 SoC in a standard 4U form factor for 19” rack SAPPHIRE MGI-9 Series: Outstanding price for performance powered by 9 AMD Radeon RX 470 GPUs in a flexible form factor ASRock Superb System: Ultimate stability with smart PCIe state detection powered by 8 AMD Radeon RX 570 or RX 470 GPUs and AMD AM4 Socket CPU ASUS I: Dependable stability with optimal performance and easy management powered by 8 AMD Radeon RX 470 GPUs MSI Blockchain Rig F12: 24/7 performance with optimized thermal and airflow, powered by 12 AMD Radeon RX 470 GPUs Biostar A578X8D: Stable, easy and fast multi-GPU rig powered by 8 AMD Radeon RX 570 GPUs TUL Power Hash A8+: Powered by 8 AMD Radeon RX 570 GPUs Rajintek Customizable Plug and Play Solutions: Enterprise-level quality solutions powered by up to 10 AMD Radeon GPUs The hardware available in these devices is available because of AMD’s strategic partnerships with tech companies like Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Rajintek. It helps them to provide variety to the range of their products offered. With other mining giants like Bitmain being in a sea of troubles lately, let us see if the new moves by AMD help it capture market share or not.
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AsRock X370 PRO BTC+ Cryptocurrency Mining Motherboard

AsRock is a company that manufactures the most popular and known mining motherboards in the market. One of the first products they launched was the AsRock H81 PRO BTC. However, at the moment, the company is offering different mining boards. The new X370 Pro BTC+ is an innovative product because it gives AMD CPUs and APUs a place in the cryptocurrency mining space. In general, AMD does not support so many PCI-e lanes for big mining motherboards. But it has created the new AM4 socket that can change that being compatible with the Ryzen CPUs supporting 28 PCI-e lanes. This board has been built on top of the X370 AMD chipset launched on September 5, 2016. It is possible for the motherboard to support Bristol Ridge and Raven Ridge APUs. The board has an important number of PCI-e slots available. It has 8 x PCI Express x16 Slots. It is possible to use up to 6 mining ports through an USB riser kit. THe CPU has no integrated graphics. That means that it will be necessary to connect the HDMI cable to one of the GPUs. Using an APU, on the other hand, limits the amount of PCI-e lanes that can be used. This is just one more device for AsRock, that has several other products in the market. It is important to mention that it is powered by 24-pin ATX, 8+4 pin EPS, and Molex outputs. The device can be used without having to use a case or an external button. One of the limitations this product has is that it has one DDR4 DIMM Slot. That means that video editors and gamers would not be able to use this hardware. Additionally, due to its size, it does not fit inside a standard case. Until now, we do not know the exact price of this product. And indeed, it will have to be announced shortly. There are some mix reviews from users about whether is worth to buy this equipment, due to the current situation of the virtual currency market. Mining virtual currencies is not an easy task and is not just a fast way to make money.
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Ravencoin Grows 20% And Continues to See RVN Token Surge in the Crypto Market

There are several altcoins that are registering interesting growth rates in the last weeks. This time, Ravencoin (RVN) was able to pump once again over 20% in just 24 hours. Although Bitcoin keeps being traded sideways, there are some altcoins that are behaving very positively. Ravencoin Spikes 20% Ravencoin was able to grow 20% and […]
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Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report

Bitcoin [BTC] Futures were thought to be a snippet of the overarching cryptocurrency market, though meager in comparison to the larger spot market. A recent report from Bitwise Asset Management, the crypto-centric investment firm has stated otherwise. In a March 20 report presented to the United States’ Securities and Exchange Commission [SEC], Bitwise analyzed the Chicago Mercantile Exchange [CME], and the Chicago Board Options Exchange, with ten prominent cryptocurrency exchanges’ in terms of their trade volume. Prior to shedding light on their Futures versus Spot findings, it must be noted that the report revealed that 95 percent of the trading volume of unregulated exchanges were seemingly “fake and/or non-economic wash trading”. Taking into account this disparity, the percentage of futures volume to their spot equivalent increases from 1.51 percent to 33.33 percent. Reported Spot volume totaled $6 billion, but after removing the “suspicious exchanges”, the actual volume recorded dropped to $273 million, in comparison to the futures market volume of $91 million. Furthermore, the increase in futures’ volume as a percentage of the spot market has been steadily increasing. From November 2018 to January 2019, the futures market was just over 15 percent, and almost doubled in February 2019 to 33 percent. Since the Futures contracts were approved in December 2017, only on two occasions did the Futures volume, in comparison to the Spot market, shoot above 20 percent; this was in May and August 2018. Futures Volume expressed as a percentage of their Spot Equivalent In terms of their stand-alone trade volume, the CME and the CBOE are in good stead against the world’s top cryptocurrency exchanges. The daily volume the CME, which brings in $84.82 million, ranks second behind Binance’s $110.5 million and ahead of Bitfinex, which records $38.06 million in daily trade volume. The CBOE also fairs well, taking the ninth spot on the ladder, ringing in $6.12 million in daily trade volume. Gemini takes the eight spot with $8.11 million and itBit caps off the top-10 with $5.58 million in daily volume. Notable, among the top-12, eight exchanges are registered within the United States. Despite the CBOE’s comparative success against the spot exchanges’, it has not been performing well against its cross-town rival, the CME. This slump forced the CBOE to delist their Bitcoin Futures [XBT] for March 2019. However, the XBT futures that are yet to expire later in the year will not be off-loaded prematurely. Bitwise also points out that the CME Futures Price tracks the Global Spot Price based on an arbitrage model. Given below is a chart attesting the same: Arbitrage between the CME Futures price and the global Spot price The post Bitcoin [BTC] Futures in good stead against its Spot equivalent: Bitwise Report appeared first on AMBCrypto.
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How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval

The SEC has held the ETF approval for Bitcoin and Cryptocurrency for a couple of reasons. The most significant reason for the same has been the unregulated marketplace. While decentralization in Bitcoin is an attribute that makes it an ideal asset class, the market places or Exchanges that provide for conversion of FIAT to Cryptocurrency is still controlled by independent entities. A recent report by Bitwise Asset Management published by the SEC inferred that more than 95% of the cryptocurrency volume is being faked. Hence, according to that, the ‘actual spot volume’ on cryptocurrency exchanges is a little above $270 million. Moreover, the reported volume of CME and Cboe Bitcoin Futures is more than one-third of the ‘actual spot volume’ estimated by Bitwise. According to Bitwise Asset Management, This is good news because it means CME— a regulated, surveilled market— is of material size, which important for an ETF. The case of a Bitcoin ETF Approval Now CME Bitcoin Futures reported a spot trading volume of $85 million. Moreover, according to Bitwise Asset Management, the actual trading volume of the Crypto-to-FIAT Exchanges is around $273 million. Hence, according to this statistic the Futures Trading Volume of CME alone accounted for 31.1% of the ‘Actual Exchange Volume.’ Moreover, there are other Bitcoin Futures market active in Europe and Japan as well. Hence, going by the above statistic, it can be said that the institutional investment might be in parity with the unregulated investment in Bitcoin. However, the Exchanges have reported total spot volumes total to the tune of $6 billion. This can necessarily raise doubts on its demand being higher than $100 billion. However, it does not directly affect the total market capitalization of a cryptocurrency.   Parity Between Spot Trading of Bitcoin and Gold The spot trading volume of Gold is 0.55% of its total market capitalization, while according to Bitwise statistics spot ‘actual spot trading on Bitcoin is 0.39%. If the CME Futures volume is included in this data, the percentage will increase to 0.51%. The OTC trading volume on most exchanges is also not added in the Exchange Data. All this suggest that the institutional investment in Bitcoin is considerably more significant than one expects. It is not only healthy in volume but also agrees statistically with the closest relatable asset class, i.e., Gold. Hence, a new form of informational mechanics for the trading of Bitcoin and Cryptocurrency in regulated Exchanges could alleviate the doubts around the Bitcoin ETF approval.   The post How Cryptocurrency Trading Volume Fiasco Can Lead to Bitcoin ETF Approval appeared first on Coingape.
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Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA

Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. […] Cet article Top 5 Crypto Performers Overview: ONT, ADA, ETC, BCH, IOTA est apparu en premier sur Bitcoin Central.
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