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ASUS has announced a partnership with Quantumcloud that turns idle graphic cards into cryptocurrency miners. ASUS Partners with Quantumcloud Taiwan-based computer and electronic component manufacturer AsusTek Computer Inc., most commonly known as ASUS, has partnered with “innovation factory” Quantumcloud, reports Tech Radar. The partnership will allow owners of...
Following a week of widespread carnage in the cryptocurrency markets, traditional retail stocks involved with the crypto sector are feeling the burn as well, with the California-based computer chip maker, Nvidia’s (NVDA) price tanking on the Nasdaq stock exchange. Nvidia’s plunge came about after the company reported Q3...
Although institutional players have continued to throw money at crypto assets and up-and-coming blockchain-focused projects, reports indicate that the mining subset of this industry has faltered, and greatly at that. GPU-Powered Ethereum Mining Now Unprofitable In mid-August, NewsBTC reported that some forward-thinking students, like Penn State grad Patrick Cines,...
The persistent bearish mood of the crypto market where Bitcoin has slipped below the psychological price point of $8,000 has taken a toll on the stock price of Nvidia. The graphics chip manufacturing giant is considering taking cryptocurrency mining production off its budget. Nvidia Stock Price Drops Nvidia...
Cryptocurrency mining profits are on the way down, resulting in declining demand for hardware, such as high-end graphics cards. Sources suggest that GPUs could drop by as much as 20% within the upcoming month. Mining Hardware Manufacturers Experience Declining Demand DigiTimes, a premier Asia-based technology news source, has...
Cryptocurrency mining has been an interesting industry for AMD and NVIDIA. The former has noted a strong earnings increase, although they remain wary of this industry. Especially with all cryptocurrencies losing value, the manufacturer isn’t too concerned about the future demand for new GPUs. Putting Wall Street investors’...
Demand for computer components has skyrocketed with the surge of cryptocurrency mining, with prices more than doubling the past 12 months in some cases as suppliers are struggling to build enough capacity to meet the needs of the emerging market. Prices of PC Components Skyrocket Due to Bitcoin...
Following news of an ASIC mining rig from Bitmain, as well as similar products in development from three other Chinese companies, Ethereum prices have dropped over $100, well below their one-week high of $585. An ASIC, or Application-specific integrated circuit, is a chip that is created with the specific and...
According to trading and technology firm Susquehanna Financial, Advanced Micro Devices (AMD) and competitor Nvidia will suffer this year as specialized cryptocurrency mining chips hit the market from Bitmain. Susquehanna’s Christopher Rolland, who recently returned from a tour of Asia talking with various individuals in the chip industry, is behind these...
The cryptocurrency bull run of 2017 attracted multitudes of investors looking to get rich quick but it also created a mining boom that has resulted in a worldwide shortage of computer components. Miners Plunder Singapore, Hong Kong For Cheap Rigs Scores of miners from around the world come to...
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