Analyst Finds Nvidia Earned Over X3 More in Total Crypto Revenue than Stated

Analyst Finds Nvidia Earned Over X3 More in Total Crypto Revenue than Stated

Taiwan-based computer hardware giant Nvidia has reportedly earned $1.95 billion in total revenue due to its greater exposure to crypto and blockchain rather than $620 million as revealed by companies’ officials. The numbers were calculated by RBC analyst Mitch Steves, analyzing the total crypto revenue of Nvidia during the time period of April 2017 – July 2018. A note released by Mitch Steves on January 30, stated that according to his calculations Nvidia generated about…

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NVIDIA Revises Financial Expectations due to the Decline in Crypto Mining Business

NVIDIA Revises Financial Expectations due to the Decline in Crypto Mining Business

Since its breakthrough in the gaming industry in 1999, NVIDIA has been a force to reckon with in the graphics and chip making industry. Over the years, it has maintained its status as one of the largest graphics and chip making company in the world. But that didn’t shield NVIDIA from the ongoing crypto winter that started in 2018, and that cuts deeply through the sales of crypto mining equipment (and is similarly felt by…

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Computer Graphics Giant NVIDIA Faces a Class Action Lawsuit for Misleading Investors

Computer Graphics Giant NVIDIA Faces a Class Action Lawsuit for Misleading Investors

NVIDIA is a household name in the world of real-time gamers and as of recent years, crypto miners. The computer graphics giant revolutionized the PC gaming market when it invented the graphics processing unit (GPU), and also creates popular devices with which crypto miners can mine. The incorporation of GPU into devices such as notebooks, PC, smartphones, and workstations caused a drastic reduction in the price of supercomputing and made it widely available. Since the…

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Report: Mining Ethereum with GPU Becomes Unprofitable

Report: Mining Ethereum with GPU Becomes Unprofitable

Mining cryptocurrencies, especially Ethereum (ETH)trade, using a graphics processing unit (GPU) has been confirmed to yield little to no gain. This is according to a new report by CNBC on the 13th of November. The slump in cryptocurrency mining is a resultant effect of the drastic fall in the price of Bitcoin in 2018. According to some estimates, Bitcoin also dropped to a point where it was not profitable to mine it anymore. Mining of…

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