Share this article
Sapphire Tech Targets Grin Cryptocurrency With New GPU Miner
Sapphire Technology is launching a line of graphics cards designed for mining of the new "grin" cryptocurrency, as well as other tokens.
By Nikhilesh De
Updated Sep 13, 2021, 8:49 a.m. Published Jan 22, 2019, 6:15 p.m.
Make us preferred on Google
Hong Kong graphics card producer Sapphire Technology is launching a new line of miners targeting the privacy-focused "grin" cryptocurrency.
Sapphire announced the launch of its RX 570 16GB HDMI Blockchain Graphics Card on Tuesday, saying it would be "the first of a new family" of products designed to mine grin and other cryptocurrencies. The product is not yet on sale, but will be available to order "soon."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to the firm, the new product is "one of the few solutions" designed for the Cuckatoo 31+ proof-of-work algorithm underpinning the network and, as such, claims it would lead "to higher rewards for early miners."
Sapphire's global VP of marketing, Adrian Thompson, said the company was "thrilled" to launch new blockchain products, referencing both the RX 570 and potential future products.
"The launch of the RX 570 16GB HDMI Card presents an exciting opportunity not just for SAPPHIRE but for early Grin Coin miners and the cryptocurrency market as a whole," he continued. "Future products will include new 16GB Graphics additions’ to SAPPHIRE’s line of INCA and MGI Series of dedicated blockchain systems."
Grin
, based on the mimblewimble privacy technology, went live last week after two years of development. The cryptocurrency has seen major interest from cypherpunks and investment firms alike, ostensibly due to its similarity to bitcoin while remaining GPU miner compatible.
It is the second of two cryptocurrencies launched on mimblewimble, with its counterpart, beam, going live earlier this month.
Generic graphics cards image via Shutterstock; product image and specs via Sapphire Technology
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Meta and Microsoft continue going big on AI Spending. Here's how bitcoin miners could benefit
In its fourth quarter earnings report, Meta said capital spending plans for 2026 should be in the range of $115-$135 billion, well ahead of consensus forecasts.
What to know:
- Fourth-quarter earnings results from Microsoft (MSFT) and Meta (META) suggested no slowdown in AI-related spending.
- Microsoft highlighted that AI is now one of its largest businesses and pointed to long-term growth.
- Meta projected sharply higher capital spending in 2026 to fund its Meta Super Intelligence Labs and core business.
Top Stories
