• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Blockchain Week Rome (May 9-10, 2025)
    • Canada Crypto Week, Toronto (May 11-17, 2025)
    • Blockchain Futurist Conference, Toronto (May 13, 2025)
    • ETHWomen, Toronto (May 13, 2025)
    • HODL, Dubai (May 14-15, 2025)
    • Money20/20, Amsterdam (June 3-5, 2025)
    • TWS, Singapore (July 28-29, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
Use €200 discount code CRYP200 to buy tickets to Money20/20 (Amsterdam, June 3-5, 2025)
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

GPU crypto mining interest is down

October 27, 2018 By Vitali Maldashou

Advanced Micro Devices, Inc. (AMD) reports that the interest in virtual currency mining devices is dwindling.

The sale of popular GPU graphic cards, manufactured by AMD, a multinational semiconductor company, is constantly decreasing, according to company’s recent financial statements. Earnings from sale of such equipment was significantly lower in the third quarter compared to the second quarter.

The company has reported a ‘single digit percentage’ of total revenue from blockchain-related GPU sales. The total revenue is down 14% relative the previous quarter but 12% higher compared to the same quarter last year.

“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,” quarterly financial results report says.

Future sales are forecast to slide further amid the cooling of crypto markets. The news does not come as a surprise given AMD’s prediction in April this year.

Filed Under: General News, News Tagged With: AMD, cryptocurrency, mining, news

Primary Sidebar

Follow Us

Press Releases

3 Trending Meme Coins Set to Explode in 2025: AI-Picked Tokens to Multiply Your Wealth

May 21, 2025

XRP 2025 Price Target Raised from $5 to $13 Amidst ETF Talk, While Competitor Prepares 18000% Growth

May 21, 2025

2025 Crypto Movers: 3 Coins Gaining Momentum And One Presale With Explosive Potential

May 21, 2025

ETH’s Back to $2550 Price: Is Nexchain the Top Crypto ICO of 2025?

May 21, 2025

Hexydog Price Forecast 2025–2030: Could This Project Surge 100x?

May 20, 2025

Blockchain Week Rome 2025

Blockchain Futurist Conference

TWS Conference

Money20/20

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter