The revenues of Nvidia Corporation, one of the largest manufacturers of GPUs in the world, increased by 34 percent in the last quarter, from 2.17 to 2.91 billion. dollars. On a yearly basis, it increased by 41 percent to the level of 9.71 billion. dollars. The main impact on such a good corporate result was the demand for Nvidia graphics cards for extracting cryptocurrencies.
"Strong demand in the cryptocurrency sector exceeded our expectations." - said Colette Kress, CFO of Nvidia in the corporation's financial statements for the last quarter, adding: While it is difficult to estimate the overall impact of cryptocurrencies on our business, we believe that it was a larger percentage of revenue than in the quarter before. "
The present, relatively high level of Bitcoin mining difficulty creates the necessity of using dedicated, expensive ASIC processors for its efficient extraction. Many other cryptocurrencies currently available on the market can be successfully "dig" with graphics cards. Among them, Ethereum (ETH), Ethereum-Classic (ETC), Zcash (ZEC), Monero (XMR), Litecoin (LTC) and Dogecoin (DOGE) deserve attention.
It's because they can double the prices and people will pay it
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Abosolutely.
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More people are interested in mining. Thanks for sharing
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