Today's Hot Topics

Are China To Blame For Nvidia’s Bitcoin Mining Losses?

A report published yesterday by VentureBeat says that stock for the US GPU manufacturer Nvidia fell by more than 15 percent on Monday over concerns regarding the firm's poor performance in the crypto mining industry in recent months. The company has revised its fourth quarter 2018 revenue estimate, which is now worth $2.20 billion compared to the previous estimate of $2.70 billion. Mining crypto As many of you will know, the recent months of the crypto markets have faced the major brunt of the ongoing pessimistic market. With the bear market continuing into 2019, many miners have been forced to...

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Prolonged Bear Market Forcing Mining Firms To Close

This week another Bitcoin miner shut down its operations this week, although the news didn’t seem to shock many. The latest closure is the US-based Giga Watt which went bankrupt last year. This follows on the trendline among big mining operation that stretches back years. Giga Watt was only set up in 2017 and they announced their bankruptcy last year in a Telegram message saying that they would be halting all operations. Part of the message said. “as was reported in November of 2018, Giga Watt voluntarily filed with the Bankruptcy Court seeking debt relief and reorganization.” Adding on to...

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Will Bitcoin Mining Recover In 2019?

2018 has been famous for a lot of reasons, to name but a few we have seen some incredible crypto highs, some depressing crypto lows and piles and piles of rumour and speculation that have driven the markets upwards, downwards and even sideways for a prolonged amount of time. One thing that has remained consistent through the year however, is the fall in the profitability of Bitcoin mining. As a matter of fact, the entire Bitcoin mining industry almost came to a halt during 2018 as a result of many different factors. We are going to explore these factors in...

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Bitcoin Mining Difficulty Continues To Sink

New reports out today highlight that the difficulty of mining blocks on the Bitcoin network has sunk by more than 7% as a result of recent market movements. Overall, difficulty is still high in the grand scheme of things, but I guess this does suggest that one day, the profitability of mining on the Bitcoin blockchain might eventually improve. The markets continue to move in a positive direction through the end of this week in what looks to be the first cryptocurrency market surge that we have seen for a number of months. At the time of writing, Bitcoin is...

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Is Cryptocurrency Mining in Trouble?

Should crypto miners consider doing other things with their computing capabilities now? In 2017, when the crypto market soared, and profits flowed from every project, companies made millions selling crypto mining equipment to everyday users who were looking for a way to break into the field. GPU units flew off the shelves, creating a proverbial run on rigs that felt like a brilliant combination of opportunism and madness. Today, things are much different. High energy costs and a more competitive mining ecosystem required additional technological gusto to turn a profit, and miners were earning less money for more work. Now,...

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