AMD UPDATE - In Consolidation / $87.75 / $87.55 Support Held
0. Notes to follow;
Comment:
Comment:
6. If we were to get a gap up here, possibly timed with Stimulus on Friday (tomorrow), and the Broadening Wedge Pattern the QQQ's are showing and bounced off of today, we may break this corrective phase and move upwards;
7. Fast Interest Rate move, causing some re-pricing here, and some rotation as well;
8. Hoping to see AMD regain and HOLD the $90 here, to hopefully remove the lower bounds PUTS we are holding since the GME incident looked like it was going to impact the Market, and it did;
7. Fast Interest Rate move, causing some re-pricing here, and some rotation as well;
8. Hoping to see AMD regain and HOLD the $90 here, to hopefully remove the lower bounds PUTS we are holding since the GME incident looked like it was going to impact the Market, and it did;
Comment:
9. Red Herring though; GME and RH stuff, just a trigger for the real reasons behind the moves. Stagflation looks like it might be in the cards, and this W recovery we are watching out for. Coupled for Covid19 variants, poor vaccine distribution, strangely declining cases, poor job numbers, and inflation already here in a big way, doesn't take much for a re-pricing event.
- Drchelsea
- Drchelsea
Comment:
Important Note: XLNX (Xilinx)
This may be the most important back-stop for AMD right now. The big banks that underwrote this deal, and the XLNX merger brings chips, automotive, supply chain, and so many synergies to the table right now. NVDA is getting challenged over ARM, by a Corporate Consortium, and AMD can't be heading back to $62.50 or something crazy. If it does, this XLNX deal with implode along with the stock.
We have supply chain issues impacting consoles, graphic cards, mining squeezes on supplies, and IF AMD can get their Act Together, and
1. Release the 5700XT for $299 for MINING, we could easily get a $10 premium added to the stock if the BTC price doesn't implode any time soon;
2. NVDA just released a mining chip today, so if you look at the Ethereum Mining Hashrate for the 5700XT it rivals the 3060Ti, and IF we can get those out there dirt cheap, this would make sense;
This may be the most important back-stop for AMD right now. The big banks that underwrote this deal, and the XLNX merger brings chips, automotive, supply chain, and so many synergies to the table right now. NVDA is getting challenged over ARM, by a Corporate Consortium, and AMD can't be heading back to $62.50 or something crazy. If it does, this XLNX deal with implode along with the stock.
We have supply chain issues impacting consoles, graphic cards, mining squeezes on supplies, and IF AMD can get their Act Together, and
1. Release the 5700XT for $299 for MINING, we could easily get a $10 premium added to the stock if the BTC price doesn't implode any time soon;
2. NVDA just released a mining chip today, so if you look at the Ethereum Mining Hashrate for the 5700XT it rivals the 3060Ti, and IF we can get those out there dirt cheap, this would make sense;
Comment:
3. Also, we have a shortage of GPU's until next year. CPU's are also an issue as well.
Comment:
It is time for the AMD Crew, to start re-releasing older GPU's and CPU's at Dirt Cheap prices. NVDA already backed the re-release of the 1600/2000 series, or some other maneuver to allow them to continue to earn revenues, while they catch up on the supply chain side.
Selling these older supplies to miners and for mining, and simply to address a supply-chain issue, should be coming soon, or AMD is asleep at the wheel.
"Nvidia announces new chips designed for mining Ethereum as the cryptocurrency hits record highs"
www.cnbc.com/2021/02...ether-announced.html
Selling these older supplies to miners and for mining, and simply to address a supply-chain issue, should be coming soon, or AMD is asleep at the wheel.
"Nvidia announces new chips designed for mining Ethereum as the cryptocurrency hits record highs"
www.cnbc.com/2021/02...ether-announced.html
Comment:
Nvidia announced on Thursday that it will release a new series of semiconductors specifically for mining ether, a cryptocurrency.
The new type of chip is called a CMP, or Cryptocurrency Mining Processor. Nvidia did not release price or release date details.
Ether hit a record high on Thursday, up 160% year-to-date to $1,883.58.
Jensen Huang, president and CEO of Nvidia, speaks during the company's event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019.
Jensen Huang, president and CEO of Nvidia, speaks during the company’s event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019.
David Paul Morris | Bloomberg | Getty Images
Nvidia on Thursday announced it will release a new series of semiconductors specifically for mining ether, the second-largest digital cryptocurrency.
The new chip type is called CMP, or Cryptocurrency Mining Processor. The first cards will go on sale in March, an Nvidia spokesperson said.
Ether mining is a process in which computers solve complicated math programs to help the Ethereum cryptocurrency network run. In exchange, miners get ether, the digital coin that runs on the Ethereum network. Ether hit a record high on Thursday, up over 160% year-to-date to over $1,914.
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Ether’s mining algorithms run best on graphics cards, which is the kind of chip that Nvidia is known for. Miners often buy several graphics cards and put them in a single machine to maximize their return.
Last fall, Nvidia released a new series of graphics cards marketed at PC gamers that have been consistently sold out. The semiconductor industry is also facing a shortage across the board.
Thursday’s announcement suggests that at least some of the demand for Nvidia’s chips came from cryptocurrency miners, not just gamers.
″CMP products — which don’t do graphics — are sold through authorized partners and optimized for the best mining performance and efficiency,” Matt Wuebbling, head of GeForce marketing at Nvidia wrote in a blog post.
Nvidia said that the latest chip in its gaming graphics cards series, the RTX 3060, would be modified when it’s released later this year so it won’t mine ether effectively. Cards that have already been sold, like the RTX 3070 or RTX 3080, do not have the same limitations, the Nvidia representative said.
“RTX 3060 software drivers are designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm, and limit the hash rate, or cryptocurrency mining efficiency, by around 50 percent,” Nvidia’s said in a blog post.
Graphics cards were first developed to enable high-definition computer games but they’re increasingly essential for new technologies like artificial intelligence. Their usefulness in mining ether isn’t new, either — in 2017, Nvidia said it made hundreds of millions of dollars per quarter selling chips to cryptocurrency miners.
“Cryptocurrency and blockchain is here to stay. The market need for it is going to grow, and over time it will become quite large,” Nvidia CEO Jensen Huang said in 2017.
PC gaming is also growing strongly. Consumer spending on PC gaming hardware was up 62% in 2020, according to an NPD Group estimate. A graphics card is often the most expensive part of a gaming PC.
The new type of chip is called a CMP, or Cryptocurrency Mining Processor. Nvidia did not release price or release date details.
Ether hit a record high on Thursday, up 160% year-to-date to $1,883.58.
Jensen Huang, president and CEO of Nvidia, speaks during the company's event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019.
Jensen Huang, president and CEO of Nvidia, speaks during the company’s event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019.
David Paul Morris | Bloomberg | Getty Images
Nvidia on Thursday announced it will release a new series of semiconductors specifically for mining ether, the second-largest digital cryptocurrency.
The new chip type is called CMP, or Cryptocurrency Mining Processor. The first cards will go on sale in March, an Nvidia spokesperson said.
Ether mining is a process in which computers solve complicated math programs to help the Ethereum cryptocurrency network run. In exchange, miners get ether, the digital coin that runs on the Ethereum network. Ether hit a record high on Thursday, up over 160% year-to-date to over $1,914.
ADVERTISING
Ether’s mining algorithms run best on graphics cards, which is the kind of chip that Nvidia is known for. Miners often buy several graphics cards and put them in a single machine to maximize their return.
Last fall, Nvidia released a new series of graphics cards marketed at PC gamers that have been consistently sold out. The semiconductor industry is also facing a shortage across the board.
Thursday’s announcement suggests that at least some of the demand for Nvidia’s chips came from cryptocurrency miners, not just gamers.
″CMP products — which don’t do graphics — are sold through authorized partners and optimized for the best mining performance and efficiency,” Matt Wuebbling, head of GeForce marketing at Nvidia wrote in a blog post.
Nvidia said that the latest chip in its gaming graphics cards series, the RTX 3060, would be modified when it’s released later this year so it won’t mine ether effectively. Cards that have already been sold, like the RTX 3070 or RTX 3080, do not have the same limitations, the Nvidia representative said.
“RTX 3060 software drivers are designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm, and limit the hash rate, or cryptocurrency mining efficiency, by around 50 percent,” Nvidia’s said in a blog post.
Graphics cards were first developed to enable high-definition computer games but they’re increasingly essential for new technologies like artificial intelligence. Their usefulness in mining ether isn’t new, either — in 2017, Nvidia said it made hundreds of millions of dollars per quarter selling chips to cryptocurrency miners.
“Cryptocurrency and blockchain is here to stay. The market need for it is going to grow, and over time it will become quite large,” Nvidia CEO Jensen Huang said in 2017.
PC gaming is also growing strongly. Consumer spending on PC gaming hardware was up 62% in 2020, according to an NPD Group estimate. A graphics card is often the most expensive part of a gaming PC.
Comment:
UPDATE - Feb 19 2021
Looks like we have "gapped up" to over the $89.05 breakout zone. This may provide support hopefully as we continue to consolidate and move upwards...
Looks like we have "gapped up" to over the $89.05 breakout zone. This may provide support hopefully as we continue to consolidate and move upwards...
Comment:
HOW DO WE GET TO $100 REAL QUICKLY?
Nvidia introduces Cryptocurrency Mining Processor line for 'professional mining 13:33 NVDA In a blog post, from earlier on Thursday, Nvidia said in part: "To address the specific needs of Ethereum mining, we're announcing the NVIDIA CMP, or, Cryptocurrency Mining Processor, product line for professional mining. CMP products - which don't do graphics - are sold through authorized partners and optimized for the best mining performance and efficiency. They don't meet the specifications required of a GeForce GPU and, thus, don't impact the availability of GeForce GPUs to gamers."
Read more at:
thefly.com/n.php?id=3250340...
Nvidia introduces Cryptocurrency Mining Processor line for 'professional mining 13:33 NVDA In a blog post, from earlier on Thursday, Nvidia said in part: "To address the specific needs of Ethereum mining, we're announcing the NVIDIA CMP, or, Cryptocurrency Mining Processor, product line for professional mining. CMP products - which don't do graphics - are sold through authorized partners and optimized for the best mining performance and efficiency. They don't meet the specifications required of a GeForce GPU and, thus, don't impact the availability of GeForce GPUs to gamers."
Read more at:
thefly.com/n.php?id=3250340...
Comment:
RUMOUR
AMD Introduces the new 5700XT(M), the 5700XT card @$249.99, that mines Ethereum at a Hashrate given price/performance that nothing can match.
End of story.
AMD to $125 :)
AMD Introduces the new 5700XT(M), the 5700XT card @$249.99, that mines Ethereum at a Hashrate given price/performance that nothing can match.
End of story.
AMD to $125 :)
Comment:
AMD Mining Card / Chip
This will cause Analyst Upgrades across the board, like NVDA:
thefly.com/news.php?symbol=NVD...
This will cause Analyst Upgrades across the board, like NVDA:
thefly.com/news.php?symbol=NVD...
Comment:
UPDATE - MINING ON THE 5700XT
5700XT is the price/performance KING!
AMD sitting on warehouse, of "useless" 5700 chips;
Nothing but driver issues;
Time to release the stock of chips people;
www.computerlounge.c...mining-in-early-2021
5700XT is the price/performance KING!
AMD sitting on warehouse, of "useless" 5700 chips;
Nothing but driver issues;
Time to release the stock of chips people;
www.computerlounge.c...mining-in-early-2021
Comment:
AMD Mining Cards
So a quick back story here. We owned 5700XT x 4, and sold them at 1/2 retail price about 6 months ago. A few gamers here, and we they kept crashing, even with driver updates and such. I dumped them on Ebay unfortunately.
The price / performance for the 5700XT for Ethereum is stellar. See the above link for details on mining hashrates.
Now, Canada Computers returned a lot of their stock to AMD, in the 5700(XT) series, as gamers went to team Green. I moved to 3060 Ti cards, when they first came out.
The 6800(XT) series, doesn't have driver issues, but they don't have the hashrate that the 5700XT has either.
So AMD is sitting on a warehouse of the 5700(XT) series, not just from returns from vendors, but from "no real uptake" on these cards, due to the gaming and driver issues.
So AMD should be releasing mining cards / chips shortly to address the strain on other "newer cards used for mining".
So a quick back story here. We owned 5700XT x 4, and sold them at 1/2 retail price about 6 months ago. A few gamers here, and we they kept crashing, even with driver updates and such. I dumped them on Ebay unfortunately.
The price / performance for the 5700XT for Ethereum is stellar. See the above link for details on mining hashrates.
Now, Canada Computers returned a lot of their stock to AMD, in the 5700(XT) series, as gamers went to team Green. I moved to 3060 Ti cards, when they first came out.
The 6800(XT) series, doesn't have driver issues, but they don't have the hashrate that the 5700XT has either.
So AMD is sitting on a warehouse of the 5700(XT) series, not just from returns from vendors, but from "no real uptake" on these cards, due to the gaming and driver issues.
So AMD should be releasing mining cards / chips shortly to address the strain on other "newer cards used for mining".
Comment:
UPDATE
AMD to Buy Corsair?
Is AMD in talks to purchase Corsair? Who is? Gaming Synergies? Great Design? Chairs, Keyboards, PSUs, Head Sets, you name it gaming, all with AMD designs, and vice-versa. Water cooling, water blocks, CPU water blocks, you name it.
Corsair would make a great division.
AMD / XLNX / CRSR - Gaming Team Supreme!
AMD to Buy Corsair?
Is AMD in talks to purchase Corsair? Who is? Gaming Synergies? Great Design? Chairs, Keyboards, PSUs, Head Sets, you name it gaming, all with AMD designs, and vice-versa. Water cooling, water blocks, CPU water blocks, you name it.
Corsair would make a great division.
AMD / XLNX / CRSR - Gaming Team Supreme!
Trade closed manually:
See new thread:
2. Unfortunately we failed this time;
3. Support at $87.55 / $87.75 held;
4. Looking like a consolidation pattern (Scalloped Green) back to $91.75;
5. The original Bull Flag Breakout, had a $89.05 bounce back, which may still be true, we need to see;