News
Susquehanna’s analysts say that due to the slump in crypto markets and declining network hashrates, mining Ethereum using a GPU is no longer profitable.
A recent report by Trefis suggests Nvidia will see strong GPU sales growth in Q3, though revenues from crypto-related activities will remain in a downtrend.
U.S.-based semiconductor manufacturer AMD has produced eight new crypto mining rigs, marketed as “blockchain compute solutions.”
American semiconductor manufacturer AMD has revealed “negligible” blockchain-related GPU sales in its 3rd quarter report.
GPU prices have been declining following a price drop in virtual currencies during the first half of 2018.
Analysis
With the growing complexity of the network and competition on the market, smaller miners give way to mining farms, specialised in industrial mining.
Nvidia shared its crypto sales data for the first time, which made up 9 percent of overall revenue in the first quarter.
Graphics cards have given ordinary people the ability to mine cryptocurrencies but the emergence of ASIC miners has thrown a spanner in the works.
Adoption
AMD says crypto boom was not part of their long-term strategy.
Mining
Bitmain has turned its attention to high-speed Ethereum mining after revealing an Antminer for Dash this month.
Much Wow
A new Bitcoin hard fork plans to leverage funds via an ICO to “protect Bitcoin’s key value” of decentralization.
Blockchain
New AMD driver aims to improve digital currency mining, with users already satisfied with its improved performance in Ethereum mining.
Brief
AMD has recently released a new software designed to improved GPUs used by miners for Bitcoin mining.
Both the CEO and CFO of NVIDIA were quoted as extolling cryptocurrencies and Blockchain, which have proven good for the company’s bottom line.
Altcoin watch
The latest cryptocurrency crash has been celebrated by gamers as the panicked sell off of Ethereum has also hit miners who are flogging their second-hand GPUs.
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