Nvidia Faces Class Action Lawsuit Over Losses After Diminished Mining GPU Demand
Because of the losses reported when GPU demand by miners diminished, Nvidia is facing a class action lawsuit Go to Source Powered by WPeMatico
Bitcoin Mining
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Bitcoin Cash Mining Showcased at the Houston Rockets Game
On Dec. 27 the Houston Rockets challenged the Boston Celtics. During the game’s intermission, two contestants participated in a contest called the Antpool Red Planet Race. The participants played a game that involved ‘mining’ bitcoin cash (BCH) on the court floor in the hope of winning $300 worth of BCH. Also Read: Many Self-Proclaimed Bitcoin Inventors … Read more
GMO Internet Exits Bitcoin Miner Production After Recording ‘Extraordinary Loss’ in Q4
Tens of billions of yen in losses have led Japan’s GMO Internet to stop making Bitcoin miners Go to Source Powered by WPeMatico
Bitcoin Price Watch: Mining Has Become a Profitless Business
At press time, the father of cryptocurrency is trading for just over $3,800. This is about $100 less than where it stood during our previous price article, and it is unlikely bitcoin will undergo another price rally anytime soon. Bitcoin has fallen so badly that many cryptocurrency mining companies are beginning to sell their equipment … Read more
German Private Equity Fund Targets Bitcoin Mining аs Clients Demand ‘Regulated Product’
A German alternative investment fund manager has announced plans to open a Bitcoin mining fund with an initial planned volume of $34 million – $57 million Go to Source Powered by WPeMatico
Bitcoin Has Become Less Profitable to Mine Than Its Forks
The mining profitability of Bitcoin and its major “clones” has been a topic of debate for some time now. While it was evident Bitcoin would be the most profitable currency to mine for the longest time, that is not necessarily the case any longer. Both Bitcoin Cash and Bitcoin Cash SV mining are more profitable … Read more
Mining Bitcoin Cash is 50% Less Profitable Than Bitcoin Mining
When it comes to mining various cryptocurrencies, there are many different factors to take into account. If it is not profitable to mine a currency at a specific moment, one’s best option is to either turn off the unit or mine something else. In the case of Bitcoin and Bitcoin Cash, there has been an … Read more
How Crypto Market Fall Influences Mining Hardware Sales and Producers’ Revenues
AMD and Nvidia stocks fell by 48% and 36% correspondingly last month, and Bitmain has allegedly lost $600-700 million in Q2. Is the mining hardware industry falling along with crypto market? Go to Source Powered by WPeMatico
Report: Nvidia to See Q3 Strong Earnings, Crypto-Related GPU Sales Remain in Downtrend
Trefis analysts have predicted that Nvidia will see strong GPU sales growth in Q3, but sales related to crypto activities will remain in a downtrend Go to Source Powered by WPeMatico
Jihan Wu Loses Control of Bitmain as IPO Documents Indicate Profit Figures Were Hyped
Bitmain has dominated ASIC manufacturing since it was founded in 2013. One man has been at the forefront of this domination, leading the company into the giant that it is today; Jihan Wu. However, it may not be so for much longer, with a Chinese publication revealing that a recent reshuffle has demoted the renowned … Read more