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AMD CEO: Cryptominers Not a Significant Factor for Our GPU Business

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Flint 1760
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2021/12/04 04:17:27 (permalink)
HardwareTimes - AMD CEO: Cryptominers Not a Significant Factor for Our GPU Business
 
“Over the last two years, the graphics card market has been a major mess. Even the cheapest parts are priced 2-3x over the MSRP, with most of the top-end offerings remaining out of stock for months on end. The primary reasons for these shortages are increased demand and a sudden boom in cryptocurrencies, most notably Ethereum (which is mined on gaming GPUs). Generally, the prices of graphics cards have been consistent with the price of Ether, cementing this theory.
 
While CEOs repeatedly put the blame for limited inventory on demand, it’s hard to overlook the impact of miners on the existing ecosystem. The fact that both NVIDIA and AMD are selling specialized mining systems in bulk to large mining enterprises is just proof of that. Recently, AMD’s RDNA 2-based mining accelerators were spotted in China.
 
And on the other hand, we’ve got AMD CEO Dr. Lisa Su saying that the impact of the cryptocurrency boom on the graphics business is not significant. She claims that the chipmaker has increased the inventory of GPUs over the last two quarters, and the company is even more excited about its next-gen RDNA 3 graphics cards.
 
    ‘I know that a lot of gamers still need new graphics cards, especially as they have more time to spare. Over the last couple of quarters, we have increased our capacity. I think we are quite competitive. And I think we’re even more excited about RDNA 3 or our next generation roadmap.’
    Dr. Lisa Su, AMD CEO
 
Over the last several quarters, AMD has been focusing on the mobile and console market to maximize margins during the chip crunch, making it nearly impossible to find a Radeon graphics card at retail. And yet, she had the following to say:
 
    ‘I think this is a completely different market compared to what it was with cryptocurrency a few years ago. Of course, we do not consider this to be a significant factor for our graphics business. We try really hard to get our graphics cards to actually ship to gamers, retail channels, and where they are strategically important. Others are being worked out separately.’
    Dr. Lisa Su, AMD CEO
 
AMD’s graphics card inventory has undeniably improved over the last quarter, with figures also showing a minor gain in the company’s discrete GPU share. Furthermore, the graphics segment has seen an increase in the average selling price (ASP) for the second consecutive quarter. AMD chalks this down to increased sales of higher-end RDNA 2 graphics cards (RX 6800 XT/6900 XT), and the Instinct data center accelerators.”
 
My thoughts:  What I get from this article is that AMD, like NVIDIA, is concentrating assets on those products that are an increasing revenue source, i.e., mobile and enterprise/data center. 
 


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    rjohnson11
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    Re: AMD CEO: Cryptominers Not a Significant Factor for Our GPU Business 2021/12/04 04:45:58 (permalink)
    I have seen higher stock of AMD GPUs, but still at the same inflated prices. 

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    ty_ger07
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    Re: AMD CEO: Cryptominers Not a Significant Factor for Our GPU Business 2021/12/04 06:48:22 (permalink)
    What AMD offered is not attractive to cryptominers. There were much better options. Any markup or scalping of AMD cards was not related to cryptocurrency; I am confident.

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    Flint 1760
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    Re: AMD CEO: Cryptominers Not a Significant Factor for Our GPU Business 2021/12/04 07:28:41 (permalink)
    ty_ger07
    What AMD offered is not attractive to cryptominers. There were much better options. Any markup or scalping of AMD cards was not related to cryptocurrency; I am confident.



    I kind of ignore that as the original author has a slight ax to grind concerning crypto.  I was more interested in what Lisa Su, as CEO, stated.


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    CraptacularOne
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    Re: AMD CEO: Cryptominers Not a Significant Factor for Our GPU Business 2021/12/04 09:51:10 (permalink)
    ty_ger07
    What AMD offered is not attractive to cryptominers. There were much better options. Any markup or scalping of AMD cards was not related to cryptocurrency; I am confident.

    The RX 5700 series says "hi"

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    veganfanatic
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    Re: AMD CEO: Cryptominers Not a Significant Factor for Our GPU Business 2021/12/04 14:19:33 (permalink)
    Tell that to the 500,000+ MSI RX 570 cards in China I have a photo of 
     
    I call this bull****
     

      


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    ty_ger07
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    Re: AMD CEO: Cryptominers Not a Significant Factor for Our GPU Business 2021/12/04 21:45:00 (permalink)
    CraptacularOne
    ty_ger07
    What AMD offered is not attractive to cryptominers. There were much better options. Any markup or scalping of AMD cards was not related to cryptocurrency; I am confident.

    The RX 5700 series says "hi"

    That is not the topic of discussion.  Former cards were attractive to miners.  Currently manufactured cards discussed in this topic (RDNA 2), not.  AMD never had to worry about miners messing up their supply because the RDNA 2 cards were not attractive for mining.  Their hashing power to price ratio didn't make sense.  Of the supposed 25% mining sales, it is pretty safe to assume that the majority were NVIDIA cards.
     
    veganfanatic
    Tell that to the 500,000+ MSI RX 570 cards in China I have a photo of 

    The topic of discussion is RDNA 2.
    RDNA was EOL a year ago.  Polaris, is EOL, but also on life support; so who knows.  But still, Polaris is not the topic of discussion either.
    post edited by ty_ger07 - 2021/12/04 22:02:57

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    Hoggle
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    Re: AMD CEO: Cryptominers Not a Significant Factor for Our GPU Business 2021/12/05 03:00:11 (permalink)
    I do agree that it's probably far more common for people to mine with NVIDIA then AMD. I won't say that AMD is bad it's just that if I googled "mining with a GPU" probably the vast majority of the results would mention wanting to get a NVIDIA card. For the casual person hearing about mining they probably would go NVIDIA. 
     
    Of course it could just be the sites I visit that normally focus on NVIDIA for most of the discussion.

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    ty_ger07
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    Re: AMD CEO: Cryptominers Not a Significant Factor for Our GPU Business 2021/12/05 06:21:08 (permalink)
    Hoggle
    For the casual person hearing about mining they probably would go NVIDIA. 

    And anyone else mining to make money, they would buy a RTX 30xx card, instead of a RX 6xxx card.

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