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Motherboard manufacturer to venture into selling cryptocurrency mining rigs

Rohnak
Rohnak

ASRock has launched its Phantom Gaming Series recently. The graphics cards which will be used in these cryptocurrency mining rigs are the ones from AMD RX series. According to a spokesperson for the company, the graphics cards which will be used include the RX 570 series. These graphics cards will be used specifically for cryptocurrency mining. These graphics cards are normally used for gaming oriented applications.

VideoCardz.com recently highlighted these graphics card in one of their presentations. As a result, they are widely expected by the cryptocurrency enthusiasts.

ASRock up until now has been only focusing on motherboards specifically designed for gamers as well as other processing intensive applications. However, this move by the company indicates that they are trying to tap into the cryptocurrency mining market. Currently, it is served by AMD as well as Acer. Both the companies have reported a significant jump in sales in the cryptocurrency mining rigs. The market is ever expanding.

At the same point in time, the cryptocurrency mining companies like Bitmain, are also unveiling their own mining hardware applications. The recently launched the Antminer E3 which is another powerful cryptocurrency mining rig. It is currently sold out in China and the company expects that it will be able to resume supply only in July. This is a clear indication that the demand for cryptocurrency mining rigs is increasing significantly.

The company has already received preorders for the cryptocurrency mining rig. As a result, the demand for this particular mining rig is pretty significant. Similarly, with one more competition in the cryptocurrency mining space, the demand will increase even further. The market is not yet at saturation point. As a result, the potential business for each and every company to be captured is immense. This is the reason why cryptocurrency enthusiasts are actually looking forward to the entry of foreign companies. The entry of more companies will mean that better hardware is available at value for money deals.

It is a win-win situation for the cryptocurrency mining companies as well as the hardware manufacturers and cryptocurrency enthusiasts. They will be able to access better quality hardware at affordable prices. Now, they will also have multiple options to choose from when it comes to cryptocurrency mining rigs. As a result, they will be able to opt for the one which provides them with better hash rates.

BitcoinminingBlockchainCrypto Miningcryptonews

Rohnak

I have been following blockchain and crypto technology since its emergence.