Nvidia to Quit Mining Race Due to Low Profit

At the same time, Nvidia's main business is showing solid results
23 August 2018   1185

Leading manufacturer of video cards and chips Nvidia announced its decision to stop focusing on the cryptocurrency minning. Main reason - low profit. This is reported by CCN.

CFO Nvidia Colette Kress said that until the end of 2018 the company does not expect sales growth in this segment.

We believe we’ve reached a normal period as we’re looking forward to essentially no cryptocurrency as we move forward. Our revenue outlook had anticipated cryptocurrency-specific products declining to approximately $100 million, while actual crypto-specific product revenue was $18 million, and we now expect a negligible contribution going forward.

Colette Kress

CFO, Nvidia

Nvidia CEO Huang Jenshun also noted that the profitability of minning chips, which the company produces, is declining due to the market decline. At the same time, Nvidia's main business is showing solid results.

Thus, in the second quarter, Nvidia's sales in the gaming sector grew by 52% to $ 1.8 billion, while revenue from data centers grew by 83% to $ 760 million.

New Antminer S9SE to be Sold Out in Few Hours

Price of updated device is is $ 351, hashrate - 16 TH\s and power efficiencey is 80 J\TH
19 June 2019   73

The Chinese manufacturer of mining equipment Bitmain introduced a budget device for Bitcoin mining Antminer S9SE. New ASIC miners were sold out in few hours.

Antminer S9SE is more efficient than previous models of this line. It's hashrate is 16 TH/s and power efficiency is 80 J/TH. For example, for S9k, the hash rate is 13.5TH/s, for S9j - 14.5TH/s.

The company's website indicates that the price of the updated S9 is $ 351. The first batch was presented yesterday, June 18, but in a matter of hours sold out. The next delivery of devices is scheduled for July 21-31.

In early April, Bitmain introduced the high-performance Antminer 17 Series based on 7-nm chips.