Bitcoin Mining & AMD, NVDA

https://www.bloomberg.com/gadfly/articles/2017-11-22/bitcoin…

Bitcoin Leaves Two Tech Giants In Its Dust

"…the crypto craze is leaving behind the very technology companies that were meant to benefit without having to touch the stuff. Despite all the evangelizing about the blockchain’s decentralized nature, the days of a global network of laptop-toting techies mining Bitcoin from home or the coffee shop appear to be over. They’ve been usurped by specialist firms with the resources to make their own powerful mining kit…

"Bitcoin rival Ethereum is a slightly different story, and has buoyed sales recently at AMD and NVIDIA. Its algorithm is different to Bitcoin’s and works better for miners wielding the kind of…GPUs sold by the listed chipmakers than for those with specialized chipsets. Its price spike in May gave miners the chance to lock in profits quicker, and GPUs flew off the shelves.

“Still, that demand surge might not last. The economics of Ethereum mining are getting harder, like Bitcoin’s. And its developers are mulling a radical overhaul, which would make mining less about who has the most powerful processor and more about who has the biggest pile of existing tokens.”

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