Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Mi...

Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Mi...

Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion. Within the graphics segment also falls the gaming division. Nvidia said that its new line of graphics cards based on a new technology called Ampere drew strong interest from computer and videogame console developers. For example, one of the new models, the Geforce RTX 3080, went on sale in September....


Related News

Scrypt Mining Rejoices Nvidia GTX 750 Ti

The Nvidia GTX 750 Ti has come up trumps in a comparison of mining GPUs. Just when we all thought that AMD is king of the hill, along comes a Nvidia contender powered by their heavily plugged Maxwell chip - and knocks the R7 for 1st place. A recent comparison test done by Tom's Hardware reveals the facts: More Speed For Less Power. The GeForce GTX 750 Ti achieves 245 kh/s which is almost 40 kh/s faster than its nearest AMD rival, the R7 260 X which outputs 206 kh/s. The GTX 750 Ti achieves the hash rate by consuming only 60W of power compared to the R7 260 X's 130W. Although the Nvidia....

Bitcoin's market cap surpasses Nvidia at over $336B

Both Bitcoin and Nvidia saw major growth in 2020, but Bitcoin’s market cap wins today. Amid a meteoric bull run in the cryptocurrency market, Bitcoin (BTC) is overtaking another major American company in terms of market capitalization.As Bitcoin price briefly crossed the $18,000 threshold on Nov. 18, Bitcoin’s market cap surged above $336 billion, outstripping the market cap of Nvidia — one of the world’s most well-known manufacturers of graphics cards.On Nov. 17, Nvidia’s shares closed at $330.7 billion, according to data from Macro Trends. The close follows a significant decline from a....

Is Crypto-Currency Mining Still Profitable?

Time is ticking as Bitcoin's mining difficulty increases endlessly, as miners of all types dash to purchase the latest mining hardware. But is this all still profitable for the average miner? As the difficulty approaches 1,500,000,000, many miners are left in the dust. Cloud mining, such as cex.io, will never break even at all, making a maximum of 0.02 BTC, with hopes of reselling it back into the market, hopeless. Altcoins, the land of pumps, and dumps. As new altcoins popup every single day, should miners turn away from Bitcoin, leaving behind their ASICs and begin mining scrypt coins?....

Preliminary tests suggest Nvidia RTX 3000 series may take AMD’s mining crown

The RTX 3080 is apparently twice as fast as the previous generation. The newly released generation of Nvidia graphics cards, the RTX 3000 series, is generating some buzz among miners as it is expected to be a vast improvement over the previous generations.While the cards were initially speculated to be only a minor upgrade, new information seems to confirm that they could reach hash rates of around 100 Megahashes per second for Ethereum and Ethash mining.This would be more than a two-fold improvement over many of the top-of-the-line cards offered on the market today by both Nvidia and AMD.....

Overstock CEO Reveals Bitcoin Sales Averaging $15k Per Day

US online retailer Overstock is now selling an average of $15,000 worth of goods for bitcoin every day, according to the company's CEO. Speaking to Reuters, Patrick Byrne said he expects bitcoin sales of $6m to $8m this year and confirmed that Overstock's cumulative bitcoin sales have now passed the $2m mark. Byrne added that he expects bitcoin sales to reach $1m per month by the end of the year, up from upwards of $300,000 per month earlier this summer. The retailer reached its first million dollars in bitcoin sales in early March and reported a total of$1.6m in bitcoin purchases in late....