NVIDIA Breaks Sales Records due to Miners

Nvidia upbeat current-quarter revenue forecast on Thursday underscored surging demand for its graphics chips used in data centres, gaming devices and cryptocurrency mining
09 February 2018   1325

NVIDIA announced on Thursday record revenue for the fourth quarter ended January 28, 2018, stating that demand for Nvidia graphics chips remained at a high level due to the cryptocurrency miners.

Strong demand in the cryptocurrency market exceeded our expectations. While the overall contribution of cryptocurrency to our business remains difficult to quantify, we believe it was a higher percentage of revenue than the prior quarter.

Colette Kress

Chief Financial Officer, NVIDIA

Nvidia’s revenue from gaming, for which it is best known, rose 29% to $1.74 billion, accounting for a more than half of its total revenue in the fourth quarter, and also beating analysts’ estimate of $1.59 billion.

Nvidia said it had a benefit of $133 million in the quarter as a result of recently enacted U.S. tax reform. The company expects to have a tax rate of 12%, plus or minus 1 percentage point, for the quarter. That's down from around 17% previously, Kress said.

In the fourth quarter, Nvidia introduced the Titan V graphics processing unit for desktop PCs, and it also changed the licensing terms for some of its GPUs.

Nvidia said it's expecting $2.9 billion in revenue, plus or minus 2 percent, for the first quarter of its 2019 fiscal year. Analysts were expecting guidance of $2.46 billion in revenue for the quarter.

We have recently reported that AMD, the main competitor of Nvidia, is planning to increase production of graphics cards, which are currently in short supply because of the crypto mining popularity.

Ebang to Unveil New BTC Mining Devices

As reported, 10-nm process technology based Ebang E11 miners can reach 44 TH/s performance
25 September 2018   118

The Chinese manufacturer of mining equipment Ebang Communication revealed details about the new line of E11 devices, CCN reports.

At World Digital Mining in Tbilisi, the company introduced three new devices. Based on the 10-nm process technology Ebang E11 miners can reach 44 TH / s. According to the information on the company's website, new miners will go on sale in the near future.

Ebang Mining Devices
Ebang Mining Devices

On the advertising pic there are new devices: E11 (30TH / s), E11 + (37TH / s) and the most powerful E11 ++ (44TH / s)

Main competitor of Ebang - Bitmain - had introduced a high-performance chip BM1391 last week based on 7nm process technology. It is noteworthy that the device E11 ++ from Ebang in its effectiveness exceeds the flagship chip from Bitmain only 2J / TH.

The first information about the new line of miners from Ebang appeared in August.