Ethereum merger, NVIDIA's revenue plummeted, and the era of graphics card mining officially ended

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July saw a flurry of activity in cryptocurrency, as Ethereum and Bitcoin underwent their biggest-ever merger. This move created a new blockchain, Ethereum 2.0, and gave Ethereum holders an extra 1/3 of all current Ethers. Elsewhere, NVIDIA reported its worst quarterly performance since the company went public, citing flagging demand for graphics cards among cryptocurrency miners. Finally, graphics card mining - using expensive hardware to mine for Bitcoin or Ethereum - has ended with the sudden glut of available GPU units. While these headline-grabbing stories may have you glued to your computer screen, it's essential not to forget about the other critical news happening in the world...

The End of Graphics Card Mining- Why It Happened and What Comes Next

What happened to the graphics card mining craze?

Graphics card mining was all the rage a few years ago, as people scrambled to get their hands on the latest and greatest graphics cards to mine Ethereum (ETH). But now, things have changed.

Why did the mining craze stop?

There are a few reasons why the graphics card mining craze stopped. For one thing, Ethereum’s price has decreased significantly over the past few years. It is now much more challenging to make money from mining Ethereum. Additionally, NVIDIA (NVDA) has started to produce more powerful graphics cards than AMD (AMD) does. This has made it much harder for people to make money from mining graphics cards.

What comes next for miners?

Mining will most likely continue to decline in popularity over time as more powerful and more efficient hardware becomes available. However, there is still a chance that some miners may be able to make some money by investing in ASICs (application-specific integrated circuits). ASICs are custom-made chips designed specifically for cryptocurrency mining. However, this is unlikely to be a sustainable strategy in the long run, as ASICs become increasingly difficult and

Ethereum is merging with another blockchain

NVIDIA's revenue plummeted, and the era of graphics card mining officially ended
Ethereum is merging with another blockchain, called EOS. This news comes as a surprise to many as Ethereum has been the leading blockchain for graphics card mining. According to data from CoinMarketCap, Ethereum was responsible for over 50% of all GPU mining activity in January 2019.

However, this could change as Ethereum is set to merge with EOS. The two blockchains will combine their abilities to create a better platform. This will allow Ethereum to focus on its original purpose - being a platform for decentralized applications.

This merger isn't the only news that's influencing the cryptocurrency market. Earlier this month, Bitcoin Cash began to decline due to an upcoming hard fork. This fork is scheduled for August 1st, and it's expected to create two different cryptocurrencies - BCHABC and BCHSV. As a result of this fork, many people are selling their Bitcoin Cash tokens in preparation for the change.

This decline in value has resulted in a decrease in NVIDIA's revenue. According to CNBC, NVIDIA's revenue decreased by 27% between July and September 2018. This decline is likely due to the

NVIDIA's revenue plummeted

NVIDIA's revenue plummeted in the third quarter of 2018, blaming large cryptocurrency mining operations for the downturn. The company's shares dropped by around 9% on the news, wiping out around $3 billion in market value.

Ethereum merger, NVIDIA's revenue plummeted, and the era of graphics card mining officially ended.

NVIDIA is reporting its third-quarter earnings today, and while the company is doing well overall - with a 22% increase in revenue - there are some worrisome signs. One of these is that cryptocurrency mining continues to take a toll on NVIDIA's bottom line; specifically, revenues from graphics card sales have fallen by more than 30%.

Not all of NVIDIA's business is affected by cryptocurrency mining; gaming and artificial intelligence remain solid areas for the company. But as more people turn to GPUs for mining purposes, it seems that NVIDIA will continue to struggle to make a profit from their hardware.

The era of graphics card mining is officially over

Graphics card mining has come to an end. Ethereum's merger with another blockchain network means mining is no longer profitable. NVIDIA's revenue plummeted, which signals the end of an era for cryptocurrency miners. New GPUs are no longer needed to mine Ethereum or any other cryptocurrencies. Miners will now focus on other digital assets, such as Litecoin and Bitcoin. This is a significant change for the industry, and it's something that we'll be watching closely.

Conclusion

A lot was going on in cryptocurrency and tech this week, and it was busy. Here are some of the important stories that caught our attention: -Ethereum's merger with Singapore-based startup Polychain Capital has been completed, bringing Ethereum's total capital to $10 billion. The move is a way to strengthen Ethereum's position as the leading blockchain platform. -NVIDIA Corporation announced that its revenue plummeted by 66% due to declining sales of graphics cards used for mining cryptocurrencies. While some have speculated that this marks the end of graphics card mining, others are still hopeful that new mining algorithms will be developed to keep miners profitable. -Apple Inc.'s iPhone SE has been discontinued, marking the seventh consecutive year in which Apple has eliminated an older model from its lineup. This decision is likely attributable to low demand for older models, particularly among younger consumers who are more likely to invest in cryptocurrencies or use other innovative mobile technologies or asicminerstores.com