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❕NEWS Crypto mining did not help Nvidia

AudraMiller

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Recently there is a lot of companies that are starting to get involved in cryptocurrency and i think that it can be a very good thing in terms of raising the supply of the coin and helping to control the price. Furthermore, if the demand is able to rise to meet this new supply the coin can have a very bright future. Recently the Nvidia company actually created a processor that has the capabilities of mining crypto, expecting that this will allow them to get in with the craze of cryptocurrency. However it seems that this is not the case as they have noticed a reduction in sales in the second quarter. What do you think could be the reason behind people not taking to the crypto mining processor system?
 
I don't think everyone wants to mine crypto currency.. we need to take the costs of doing so in account.. we know that the power needs to mine crypto is not cheap
Electricity power depends on the particular county where you are mining the crypto from. But there are also other equipment and accessories as you mentioned required for mining any crypto physically. Better is to mine crypto for free using crypto tab browser or just invest in some reliable cloud mining sites.
 
Nvidia, in my opinion, has always been one of the best SOC (System-on-a-chip) graphics processor companies.
However, perhaps their graphics cards are not used a lot for exctract cryptocurrencies, as in my opinion, by carrying out this task, they could have an excessive absorption of energy.
Have you all thought of other possible explanations?
 
Mining cryptocurrency is not an easy deal,aside the theoretical explanation and advantages you see online,it entails you to have the necessary mining facilities in place.
What are this mining facilities because this is were the main work is,the determinant for the amount of energy dissipated.
We need power,a good mining rig and processor,any lapse in this can affect the outcome of mining.
YEAh I think the power supply need to even be enough for the mining to be intiated , because with low power supply the mining operation would not be able to happen ,there are really so many factors to consider in the process of mining sucessfully and earning more money in the best way you can , because that's the best thing to note
 
YEAh I think the power supply need to even be enough for the mining to be intiated , because with low power supply the mining operation would not be able to happen ,there are really so many factors to consider in the process of mining sucessfully and earning more money in the best way you can , because that's the best thing to note
Power is priority and the consumption rate most times affects the cost, that's while those into mining prefer to generate their own power artificially either through solar or hydro.
Also they generate mining rigs that link up Device power to aid the mining process.
 
Power is priority and the consumption rate most times affects the cost, that's while those into mining prefer to generate their own power artificially either through solar or hydro.
Also they generate mining rigs that link up Device power to aid the mining process.
I guess that's the best means now ,there are different alternative available and those mining need to take advantage of it and mine to earn , cryptocurrency mining have always been one of the ideal and best means for the miners to earn ,if only they could make use of the right opportunity available to earn and get the best mining rig too
 
I guess that's the best means now ,there are different alternative available and those mining need to take advantage of it and mine to earn , cryptocurrency mining have always been one of the ideal and best means for the miners to earn ,if only they could make use of the right opportunity available to earn and get the best mining rig too
Mining is a good way to source cryptocurrency but it comes at a cost ranging from power distribution to mining mechandise.
Any country that choose to accept mining knows the effect it has on their power sector because big the energy dissipated.
 
Mining cryptocurrency is not an easy deal,aside the theoretical explanation and advantages you see online,it entails you to have the necessary mining facilities in place.
What are this mining facilities because this is were the main work is,the determinant for the amount of energy dissipated.
We need power,a good mining rig and processor,any lapse in this can affect the outcome of mining.
Energy for mining is one of the major concerns that all of these rigs have because you need to pull a lot from the grid that there are in the area but i think that this is a problem because not many can actually handle that rate. That is why you need a self sustaining minign rig with green energy.
 
Energy for mining is one of the major concerns that all of these rigs have because you need to pull a lot from the grid that there are in the area but i think that this is a problem because not many can actually handle that rate. That is why you need a self sustaining minign rig with green energy.
This is one of the discouraging factor when it comes to minning crypto currency before you can get a profitable output from the mined coin you need to consider the amount of energy dissipated and the cost effective.
This alone can limit mining in a giving location and as well cause degradation in power source.
 
This is one of the discouraging factor when it comes to minning crypto currency before you can get a profitable output from the mined coin you need to consider the amount of energy dissipated and the cost effective.
This alone can limit mining in a giving location and as well cause degradation in power source.
I do completely agree with you as well and i think that if they are using green energy sources and if you have linked it up effectively then you will be able to create a system that can sustain itself and this will be the best development for a cryptocurrency mining rig.
 

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