Proof of the adage that the people making the most money during a gold rush are those selling shovels. Maybe another reason why GPU prices are up?
This has always been the case, only trolls dont see or want to believe in the reality.
Topic: Bitmain Made As Much Money As Nvidia In 2017 (Read 230 times)
This has always been the case, only trolls dont see or want to believe in the reality.
Holy shit thats crazy. I knew they were making alot of money, but thats an insane amount of money. Bigger then Nvidia, holy cow. I knew Jihan Wu was rich, but this takes it to a whole other level. I guess Nvidia should mine 6 months with their own hardware and then sell it, as bitmain does 
There is no doubt that Bitmain's sales of mining equipment from ASIC for major cryptocurrency like bitcoin,x11 and ltc miner make them as the dominant company in cryptocurrency mining industry there are no other western mining company can compete with Bitmain this time.
Quote
This week, Bernstein analysts released a report into Bitmain’s operations. It estimates the Chinese firm to have made $3-$4 billion last year from mining cryptocurrency and for selling the equipment for others to do the same.
If Bernstein’s figures are accurate, Bitmain pulled in the same amount as Nvidia last year. Yet while Nvidia is a household name, few people outside of the cryptocurrency space have even heard of Bitmain. Bernstein calculates Nvidia to have made $3 billion in 2017, but points out that it took 24 years for the company to attain that profit level; Bitmain has achieved the same feat in just four years.
The report went on to predict that Bitmain will further increase its dominance of the mining business this year, noting “Bitmain will likely lead the cryptocurrency asic industry and migrate some of its chips to 10nm and the most advanced 7nm. That will make the company one of the top five users of TSMC’s 7nm in 2018, with demand comparable with Qualcomm’s, HiSilicon’s, or AMD’s.”
If Bernstein’s figures are accurate, Bitmain pulled in the same amount as Nvidia last year. Yet while Nvidia is a household name, few people outside of the cryptocurrency space have even heard of Bitmain. Bernstein calculates Nvidia to have made $3 billion in 2017, but points out that it took 24 years for the company to attain that profit level; Bitmain has achieved the same feat in just four years.
The report went on to predict that Bitmain will further increase its dominance of the mining business this year, noting “Bitmain will likely lead the cryptocurrency asic industry and migrate some of its chips to 10nm and the most advanced 7nm. That will make the company one of the top five users of TSMC’s 7nm in 2018, with demand comparable with Qualcomm’s, HiSilicon’s, or AMD’s.”
https://news.bitcoin.com/bitcoin-hardware-manufacturer-bitmain-made-a-profit-of-up-to-4-billion-last-year
Proof of the adage that the people making the most money during a gold rush are those selling shovels. Maybe another reason why GPU prices are up?
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