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$AMD and $NVDIA pt 2

Advanced Micro Devices released Vega (not Frontier edition) today. It is sold out across the board on New Egg.

Meanwhile, Ethereum's network hashrate has jumped up by 6 TH/s overnight. Currently at 86.7 TH/s

Zcash's network hashrate seems to be climbing higher, but there is no way to be certain just yet.

This is the second time this year that AMD has released a new GPU that has sold out the days of launch. The first was AMD's RX 570/580 which sold out very quickly at a price of ~$300. The new Vega GPUs have a starting price of $400 (Vega 56) and higher end of $699 (Vega 64).

From what I have seen, these cards will do a great job mining for what you pay for them (around 35-45 MH/s). So if you are looking to buy, good luck. They will be sold out for a while. The RX 570/580, which was released around April 2017, is still impossible to get unless you are willing to pay double.

Nvidia's GPUs are good for mining, but are generally too expensive. Miners have compared the Vega 64 ($500) to Nvidia's Titan XP (~$1300). Vega 64 will mine around 40 MH/s, Titan XP mines at about 37 MH/s.

This week should be an interesting week for AMD stock. It reached a high of $15.50 (July 25) after beating earnings, but started falling at market open the next day. Analysts have since downgraded the stock saying that the cryptocurrency market will not help AMD.

AMD closed up 4.33% today

Market Update:

Currently, Bitcoin is testing ATH ($4,300).

Ethereum is fairly stable against USD, around $300, and is trying to find its place as BTC continues its upward trend.

Decent reads that I have yet to thoroughly read: 1 and 2

*I will update this through out the week, still much more research to be done.
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