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Bitmain’s new Ether ASIC mining rig may not fix GPU shortage after all

A new Ether ASIC mining rig is on the way, but will it help ease Nvidia's GPU problems? Cryptocurrency mining rig manufacturer Bitmain announced the pending release of a new Ether (ETH) miner on April 16. The Antminer E9 model is an application-specific integrated circuit chip, which will run on the Ethereum blockchain’s Ethash algorithm. No official release date has yet been announced for the E9, however, the machine’s arrival may not be as impactful as first suspected. The rig faces competition in the form of Nvidia’s CMP (Cryptocurrency Mining Processor) range of GPUs, designed specifically for crypto mining. Meanwhile,…

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Nvidia triples revenue forecast for crypto mining GPU sales

The California chipmaker says Q1 financials for fiscal 2022 are on track to surpass initial estimates with demand for crypto mining graphics cards on the rise. Nvidia says the positive performance of its various market segments has seen the company revise its initial forecasts for Q1 of fiscal 2022. The company made this known during its annual investor day on Monday revealing total revenue for Q1 is already tracking above the $5.30 billion forecast included in its previous end-of-year earnings call. This positive market performance has also extended to Nvidia’s graphics processing unit, or GPU, sector with the company raising…

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My ccminer is running but profit is 0 (ARM GPU)

I'm using ccminer on my Jetson Nano for CUDA mining. It works, GPU is 100% in usage, but after one week I still don't see profit. I'm using ccminer for nicehash, but when I look on the admin page of the nicehash it shows algorism in use 0/0. But the GPU is in use. I'm using this command: ./ccminer -a lyra2rev2 -o stratum+tcp://lyra2rev2.usa-west.nicehash.com:3347 -u {mining address}.suomi-desktop -p x What I'm set wrong?

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Hut 8 Purchases $30M Worth of Nvidia’s GPU Miners, Looks to Push Capacity to 1,600 Gigahash

On Friday, the publicly listed firm Hut 8 announced the purchase of $30 million worth of Nvidia’s dedicated crypto mining GPUs called the Cryptocurrency Mining Processor (CMP). Nvidia CMPs mine the crypto asset ethereum and Hut 8 expects its aggregate operational power will be 1,600 gigahash. Hut 8 Purchases $30 Million Worth of Nvidia’s Dedicated GPU Miners On the heels of joining Foundry’s U.S. bitcoin mining pool, the firm Hut 8 Mining (TSX: HUT) revealed it has purchased $30 million worth of Nvidia CMPs. The Nvidia CMP HX product is described as a “dedicated GPU for professional mining.” Nvidia’s web…

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Nvidia doesn’t want to give up its 2017 ‘crypto craze’ docs

Nvidia is trying not to hand over internal documents to plaintiffs who allege that the GPU manufacturer misrepresented its financials during the 2017 bull run. The legal representatives of technology company Nvidia have argued that its investors are not entitled to access its internal records about the “crypto craze” of 2017 and 2018. During a trial in the United States' Delaware Court of Chancery on Sept. 17, Nvidia's counsel argued that the plaintiffs have failed to show a “credible basis” for why Nvidia should be compelled to hand over the requested company documents. Nvidia is facing a class-action lawsuit alleging…

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GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion

California-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp. in a deal worth $40 billion. Nvidia, which specializes in making hardware for video game consoles and the crypto mining sector, said in a press release that it would pay Softbank a combination of cash and shares in the transaction. The Japanese conglomerate bought Arm for $32 billion in 2016. The latest deal is expected to create “the premier computing company for the age of artificial intelligence” (AI), according to Jensen Huang, chief executive officer of Nvidia. He added that Arm would remain headquartered in Cambridge,…

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Crypto mining and remote work drive GPU sales boom in Russia

Miners in Russia are purportedly buying more equipment amid regulatory uncertainty. Graphic cards’ sales in Russia are surging amid an increase in remote work as well as the apparent growth in cryptocurrency mining, a new report says. According to several local retailers like Citilink and Svyaznoy, crypto mining-related sales of graphic cards in Russia notably surged in August 2020, Kommersant reported on Sept. 14. Alexey Rusakov, an executive at local tech distributor Citilink, told Kommersant that sales from mining-enabled graphic cards have spiked 49% in August. This comes in line with a two-fold increase in sales by tech giant Nvidia on a…

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Leaks show off NVIDIA RTX 3000 series graphics cards from Zotac

On Tuesday we’re expecting to see details about NVIDIA’s next generation of graphics cards, but some of the information may have leaked early. Tom’s Hardware points out a couple of tweets that claim to share renders for Zotac Gaming cards in the new 3000 series. Continue reading Leaks show off NVIDIA RTX 3000 series graphics cards from Zotac at E-Crypto News.

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Grin Price Up Over 11% as Former Developer Tests ASIC Miner

Former core Grin developer Gary Yu mined $118 worth of GRIN cryptocurrency in less than 24 hours with a Grin ASIC mining device. Grin (GRIN), a major privacy-focused cryptocurrency, is apparently no longer resistant to mining with Application-Specific Integrated Circuits — or ASICs — according to a former core developer.Gary Yu, a former core Grin developer, used a Grin ASIC mining device to test out the miner’s performance, according to an Aug. 10 post on Grin’s official forum.Yu purportedly managed to mine three blocks in less than 24 hours, with a block reward totaling at 180 GRIN, or $118 as…

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Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia

During the last four weeks, cryptocurrency markets have gathered significant value, and the crypto asset ethereum gained over 40% during the last 30-days. The price of ether moving northbound has caused a strain on the graphics processing unit (GPU) market, as ETH miners have become scarce. Regional reports stemming from China explain that GPU miners are becoming much harder to obtain since the price of ether started rising exponentially. Ethereum (ETH) touched an 11-month high on Monday, touching $327 per coin. Statistics from Etherscan shows that Ethereum’s network hashrate has increased by 25.7% since the first week in January 2020.…

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