Blockchain market and cryptocurrency mining in it and its demand pushed up the revenue of AMD in this 2018 as AMD products are using a great number of mine cryptocurrencies.
This year AMD has announced its first quarter that means Q1 earning which is 1.65 billion and increasing at a 40% rate by each year.
Then Devinder Kumar chief financial officer of it said the demand for gaming and blockchain market boosting at a 95% rate the computer and GPU markets. And he also indicated on the Radeon products, which are used mostly for gaming and blockchain. And 10% of the Q1 benefit of it was made by the blockchain market. He has also mentioned about the increasing demand for AMD products, which will lead the profit from blockchain to a high range from mid-range through the year 2018.
Lisa Su, CEO of AMD said as the blockchain industry is in the world to lead and stay and there are lots of currencies and applications. Some of them are using second-hand GPUs and there is no problem at all. But who are buying new GPUs are not at all any problem, because these can be bought for multiple cases. And she added that buying AMDs are not for just mining. There are differences in using and mining in blockchain market. Here is the main difference.