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Tag: Nvidia

Computing Rigs Powering the Cryptocurrency Mining Industry

Category: Cryptocyclopedia, News

Computing Rigs Powering the Cryptocurrency Mining Industry

Over the last one year, the public interest in cryptocurrencies and related offerings has grown manifold. Irrespective of the falling prices, enthusiasm, and curiosity for digital assets continues to  persist While a majority of individuals are more interested in investing, few move towards other operational activities, mining being one of them. Cryptocurrency mining requires specific high-end hardware and algorithms to…

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Taiwanese Chipmaker Lowers Revenue Forecast as Cryptocurrency Mining Loses Charm

Category: Altcoins, Business, Finance, Mining, News, Tech

Taiwanese Chipmaker Lowers Revenue Forecast as Cryptocurrency Mining Loses Charm

Taipei-based computing chip and motherboard manufacturer Gigabyte Technology Co., Ltd. has lowered its revenue forecast for the remaining half of 2018 citing low demand from cryptocurrency miners, Capital Investment Management Corp. stated in June 2018. Cryptocurrency Mining Losing Sheen? A report on Taipei Times on July 2, 2018, confirmed the company’s negative outlook for the cryptocurrency mining sector. While 2017…

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Cryptocurrency Mining Demand Leads to Mixed Results for AMD and Nvidia

Category: Altcoins, Bitcoin, Blockchain, Business, Commentary, Mining, News, Tech

Cryptocurrency Mining Demand Leads to Mixed Results for AMD and Nvidia

The cryptocurrency sector has indirectly influenced the fortunes GPU manufacturers Advanced Micro Devices (AMD) and Nvidia, with the former’s share prices increasing by 30 percent in May 2018 alone. AMD Stocks Rise on Mining Demand Since 2017, opportunistic cryptocurrency miners have started to bulk purchase GPU cards to build powerful mining rigs. While the move has augmented both profits and…

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First-Time Disclosure: Crypto Sales Account for 9 Percent of Nvidia’s Q1 Revenue

Category: Altcoins, Bitcoin, Business, Ethereum, Mining, News, Tech

First-Time Disclosure: Crypto Sales Account for 9 Percent of Nvidia’s Q1 Revenue

Graphics processor maker Nvidia Corp. disclosed that sales of graphics processing units (GPUs) to cryptocurrency miners equated to $289 million in the first quarter of 2018, forming only nine percent of its overall reported revenue of $3.21 billion for the period. Financial analysts had estimated sales of around $200 million on account of crypto miners. The first period did see…

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Nvidia CEO Very Bullish on Cryptocurrency’s Long-term Forecast

Category: Altcoins, Bitcoin, Business, Mining, News, Tech

Nvidia CEO Very Bullish on Cryptocurrency’s Long-term Forecast

Many companies are trying to capitalize on the cryptocurrency craze that is sweeping business sectors worldwide. What many expected to be a fad from 2009 has solidified itself as one of the most promising technologies of recent memory. Very few companies are capitalizing on the mass adoption of cryptocurrencies more so than Nvidia. Nvidia Loves Crypto Nvidia is a company…

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