Share this article
AMD Releases New Software Package for Cryptocurrency Mining
Graphics card (GPU) maker AMD is rolling out a new software driver geared specifically toward cryptocurrency mining.
By Stan Higgins
Updated Sep 13, 2021, 6:50 a.m. Published Aug 16, 2017, 3:00 p.m.
Graphics card (GPU) maker AMD is rolling out new software geared specifically for cryptocurrency mining.
As detailed on its website, the "Radeon Software Crimson ReLive Edition Beta for Blockchain Compute" is described as a beta-level driver aimed at improving the performance of GPUs used for mining, the process by which new transactions are added to a blockchain, creating new tokens as a reward along the way.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
AMD's release comes amid a period of growing demand for GPUs, which is being driven by elevated prices in markets for cryptocurrencies like ether, the native currency on the ethereum blockchain.
Indeed, both AMD and rival chip maker Nvidia have been taking advantage of the boom for graphics cards.
companies have issued statements on the subject in recent days, though in the case of AMD, the company has taken a somewhat bearish stance on the future of the cryptocurrency mining market.
Positions aside, the rush to acquire GPUs in pursuit of profits has had an effect on the revenues for both firms – last week, Nvidia's CEO declared that cryptocurrencies are "here to say".
That said, the release of the driver – a piece of software that enables computers to communicate with hardware components – signals that AMD is looking to keep miners around, at least in the near-term. AMD published the driver as a beta release, noting that it "will not be supported with further updates, upgrades or bug fixes."
Image Credit: Faiz Zaki / Shutterstock.com
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Ether, Dogecoin, Solana Slide as Bitcoin Fails to Sustain Early-Week Breakout
The pullback followed Tuesday's brief spike above $94,500, a move that triggered a minor short squeeze but failed to break the resistance that has capped bitcoin for most of the past three weeks.
What to know:
- Bitcoin fell toward $90,000 as crypto markets lost ground despite a Federal Reserve rate cut.
- Over $514 million in leveraged positions were liquidated, with major tokens like Ether and Solana also declining.
- Analysts suggest Bitcoin must surpass $94,000 to signal a significant rebound, amid concerns over macroeconomic conditions and market liquidity.
Top Stories
