The Separation of Nvidia and Crypto Mining

The Separation of Nvidia and Crypto Mining

From Nvidia’s 2017 mining chip sales growth to their 2018 reason for mining chip production divorce.

Nvidia is determined to exit the cryptocurrency mining market. The company has seen high demand for their mining related products last year, as Bitcoin price surged in value. But this year, due to a stretch in the bear market, interest waned. For Q2 of this year, Nvidia’s total sales for mining cards was $18 million, which was only a quarter of their initial sales projection.

Different media accounts arrive at different reasons as to why Nvidia’s cryptocurrency mining venture failed. Some attribute it to a lack of interest in the field, while another to being pushed out by their competitor Bitmain who uses ASIC chips.

Bitcoin

BTC
Price
8,744 USD -6.81%
Volume, 24h
3,497,717,274 USD
0.00%
Marketcap
153,922,072,217 USD
56%
Emission
84%

Related news

Last Week Today Bitcoin and Cryptocurrency Weekly Digest: August 10-17th

Last Week Today – Bitcoin and Cryptocurrency Weekly Digest August 10-17 Bakkt receives all regulatory approvals, set for September launch China's central bank set to launch state-backed cryptocurrency IRS sends a second letter of warning to cryptocurrency traders Litecoin network suffers dusting attack from Russian mining pool Bakkt at long last. How will it affect […]
Bitcoin Exchange Guide

Wondering Why Bitcoin Hasn’t Returned To $13,000 Mark Yet? Here Are The Main Reasons

Despite numerous analysts and crypto worshippers predicting that Bitcoin will surpass the $13,000 mark, the king coin has continued to trade around the $10,000 mark and here are some reasons why. Ponzi Scheme Theory According to Primitive Crypto founding partner Dovey Wan, the Ponzi scheme is responsible for crashing the crypto industry. On JUly 14 […]
Bitcoin Exchange Guide

Demand For Bitcoin In Hong Kong Set To Soar As Protest Leader Calls For Bank Run

Bitcoin is hoping to become a hot property in Hong Kong. The region’s political crisis has swept over its banking sector, which is now seeing protestors withdrawing large bundles of cash out of their banking institutions. The move is the latest tactic to reduce People’s Bank of China’s influence on the Hong Kong economy. Protestors […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.