Topic: Bad news from Nvidia - page 2. (Read 999 times)
They said they are moving out of the mining sphere because of dwindling profit, demand has dropped significantly as mining profits fell
The important thing to note is bitmains profits for sales divison alone was greater than the entire
Nvidia sales from all units by 50 percent.
This from what I am reading does not even add in thier hidden and semi hidden mining ops.
smh
Nvidia sales from all units by 50 percent.
This from what I am reading does not even add in thier hidden and semi hidden mining ops.
smh
Not even close. Nvidia's revenue for last quarter was $3.1 billion.
Was this in total or for that specific project? They specified that the Crypto Venture generated ~500 million hence the shutdown because Bitmain is a company that is soley focused on Crypto. They cannot compete so they are sticking with what they know.
For me it's really good news. This means much less video cards for mining, which will leave the complexity of mining Ethereum or other crypto currency. And this, in turn, will make it possible earn more for those who already have video cards.
The important thing to note is bitmains profits for sales divison alone was greater than the entire
Nvidia sales from all units by 50 percent.
This from what I am reading does not even add in thier hidden and semi hidden mining ops.
smh
Nvidia sales from all units by 50 percent.
This from what I am reading does not even add in thier hidden and semi hidden mining ops.
smh
Not even close. Nvidia's revenue for last quarter was $3.1 billion.
What the fuck is their "Crypto Venture" The article keeps mentioning it but doesn't say what it is. For a period of time Nvidia was selling chips specifically to go into mining cards (without display outputs) in order to alleviate that strain miners were putting on the gaming market. Of course they aren't going to do this anymore; Buying new hardware to mine is a losing endeavor.
ehh, I call it fake news.
The important thing to note is bitmains profits for sales divison alone was greater than the entire
Nvidia sales from all units by 50 percent.
This from what I am reading does not even add in thier hidden and semi hidden mining ops.
smh
Nvidia sales from all units by 50 percent.
This from what I am reading does not even add in thier hidden and semi hidden mining ops.
smh
Maybe good news, now my used GPU´s have higher value.
Why is this the bad news for us? Do you think that more mining machines on the market will help us?
Hm ... in gold rush the people selling shovels got rich. Does this mean end of our digital gold rush??? 
Guys, what do you think about this? I hope that Samsung will not stop developing their chips for miners, because it can cause an alarm on the cryptocurrency market.
News from Nvidia - they are out of the game now. Proof - https://www.ccn.com/nvidia-quits-crypto-due-to-low-profit-not-because-of-decline-in-demand/.
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