Sapphire just made a 16GB Radeon RX 570 because it thinks GPU mining is coming back
Cryptocurrency mining income have just about crested and are on their method down. However, a sure producer would not appear to be paying any heed to that. Sapphire says that it is getting ready a model of the Radeon RX 570 with 16GB of reminiscence, and it’s making this particularly for mining.
But first, some context. Sapphire is getting behind Grin, a new cryptocurrency and an implementation of the MimbleWimble blockchain protocol. Grin is additionally one thing that has been dubbed a “privateness coin”, which suggests it focuses on safe and nameless transactions and supposedly addresses some weaknesses of current cryptocurrencies.
The firm’s vp of worldwide advertising and marketing, Adrian Thompson, even wrote a publish on Medium to speak in regards to the potential behind Grin, which is mainly the entire motive why Sapphire is making a new card.
Grin shall be obtainable with two proof-of-work algorithms, together with a major ASIC Friendly (AF) algorithm referred to as Cuckatoo and a secondary ASIC Resistant (AR) algorithm referred to as Cuckaroo. The profitability of every algorithm will change over time, however the preliminary stage will favor the AR Cuckaroo algorithm.
Furthermore, not like Bitcoin which requires immense processing energy, Grin algorithms are reportedly reminiscence certain. As a end result, the AF Cuckatoo algorithm may require at the very least 11GB of reminiscence, whereas the GPU-friendly Cuckaroo may wish greater than 5.5GB.
This is the place the Radeon RX 570 16GB is available in. Many high-end playing cards with that quantity of reminiscence are prohibitively costly, so the brand new Radeon card is supposed as an reasonably priced choice to mine Grin. Furthermore, Sapphire says the upcoming 16GB card has sufficient reminiscence to mine each algorithms directly.
“Sapphire could have entry to a Grin miner that can port the CUDA miner. Factor within the reasonably priced price of the Sapphire 16GB RX570 itself, which is a third of the worth of competing 16GB playing cards designed for skilled functions, and Sapphire appears to have produced a veritable cash printing machine,” writes Thompson.
It’s troublesome to make any judgment about a new cryptocurrency like Grin, however we will solely hope that this new wave of so-called privateness cash would not set off a contemporary mining craze and one other spherical of provide shortages.
Source: Sapphire (Medium)