The cryptocurrency mining industry has been experiencing major headwinds since digital currency prices tumbled this year. And now, GPU manufacturer, NVIDIA, has pulled out of the crypto mining industry altogether. Continue reading NVIDIA Pulls out of Cryptocurrency Mining Industry
Nvidia (NASDAQ: NVDA), an American graphics processing units (GPUs) manufacturer, has recently reported that the company generated $289 mln from processor sales to the crypto market, Bloomberg reports May 10. Continue reading Nvidia Reports First Quarter Crypto Sales
On March 24 the creators of Monero made an unprecedented statement – the project devlead, Riccardo Spagni, warned that the coin’s protocol would be changed every six months to make the cryptocurrency less appealing to application-specific integrated circuit (ASIC) miners. Continue reading Monero and SiaCoin Reject Bitmain’s ASIC Miners
A leading Wall Street research firm has slashed price targets for leading chipmakers Nvidia and AMD, claiming that it has received confirmation that cryptocurrency mining hardware manufacturer Bitmain has begun producing Ethereum ASIC miners. Continue reading Bitmain Has Developed an Ethereum ASIC Miner?
As covered by CCN, last year’s cryptocurrency mining ‘boom’ has led to a shortage in the GPU market. So much so that reports suggest using GPUs to mine cryptocurrencies is stopping us from finding aliens, as these are also used in observatories. New data shows crypto miners actually bought 3 million GPUs last year, worth roughly $776 million. This, according to a new report published by Jon Peddie Research (JPR) that found AMD is emerging as the primary cryptocurrency ‘mining rush’ benefactor over Nvidia. The numbers have a major impact on the market as a whole and have even incurred the wrath of gamers, while chip manufacturers have seen the value of their shares soar. AMD’s market share reportedly increased by around 8.1 percent, while Nvidia’s share went down by 6 percent. Last year, notably, the GPU market as a whole dipped 4.8 percent. The preference for AMD over Nvidia could be justified by the lower price tag in its GPUs. Nvidia’s CEO has recently stated cryptocurrencies aren’t going away, and the company has prioritized gamers over cryptocurrency miners amid the graphics card shortage. Nvidia’s move, however, isn’t believed to have been what drove AMD’s sales up, but rather the potential ROI (return on investment) cryptocurrency miners could obtain by buying cheaper graphics cards from AMD.