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On Thursday, an American technology company, Nvidia has announced its financial results which were remarkable. The company has revenues of $3.2 billion from January to April. But what’s the reason behind this profit?

gpu makers

Well, the value of ether and other cryptos recently soared up and created lots of demand for graphics cards – to mine them. Due to the upsurge in the demand, the price of few high-end graphics got doubled between the mid of 2017 to February 2018. It’s a matter of concern for the GPU makers of major graphics-card, as the most important market for them is eventually the gamers, not the miners.

The idea of graphics-card makers collecting hefty profits from the high prices, due to the mining demand doesn’t seem to be liked by the gamers. However, Nvidia accredited that cryptos have played an important role in boosting the financial outlook of the company.

What does Nvidia’s CFO have to say about it?

CFO of Nvidia, Colette Kress said:

Cryptocurrency demand was again stronger than expected, but we were able to fulfil most of it with crypto-specific GPUs, which are included in our OEM business at $289 million.”

The $298 million figure is around 10% of the revenue of Nvidia and it seems like it lessens the cryptocurrency influence on the bottom line of Nvidia. If a customer buys a graphics card at retail, Nvidia won’t be able to know if it’s being used for mining, gaming or something else. The same story goes for the main graphics-card of a rival, AMD, which released first-quarter results a few weeks ago. According to AMD, the sales related to cryptocurrency accounted for almost 10% of total revenue, which could be again understating its influence on the profits of AMD.

GPUs Value

It has been observed that the value of cryptocurrencies has been falling for the past few months. Also, the value of GPUs has also gotten a lot cheaper than it was before. AMD didn’t provide any specific projection for revenues related to blockchain in the second quarter, however, the spokesman of the company suggested that the rest of the year 2018, is going to be significantly below the first quarter sales.

If the price of cryptocurrencies still keeps dropping, it will end up in the form of awful results for the GPU makers. But if the price of cryptocurrencies falls really low, it’s clear that we won’t only see miners halting to buy new GPUs but, we would also see them selling the graphic-cards that they already had on the secondary market. The resulting graphics card surplus could exhort the value of graphics-card below MSRP — MSRP would be good news for gamers though it might be bad news for the companies that are trying to sell new GPUs.

The president of AMD, Lisa Su said that she wasn’t really anxious about the scenario.

“There are multiple currencies being used — People who are mining do go from one currency to another depending on what’s happening.”

She also added that customers can buy graphics-cards for both purposes; gaming and mining. They will be able to hold onto the graphics-card for the gaming purposes — in the case of mining becoming unprofitable. On the other hand, this analysis seems to be debatable. There’s no doubt that there are profusions of cryptos, but at the same time, there are some of them which are economically significant.

Ethereum’s ether is the most important and significant GPU-mineable so far, and the prices of cryptocurrency are strongly linked to it. So, if the value of ether drops, there’s a possibility that the value of other cryptocurrencies might also fall with it. There are many people who want to buy graphics-card for various applications, and there are a lot of those as well that have many of them (graphics-card). These individuals might hold onto one or two cards for the gaming purpose, however, if the price of cryptocurrencies falls quite low, lots of those cards will end up in the used GPU market. This will also make it hard for both AMD and Nvidia in selling their new cards.

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Earn Bitcoin Through Games – How To Earn Bitcoin By Playing Games

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earn money by playing bitcoin games

As a kid, I love to play games, online games, upload the games or even buy games CDs or DVDs to release all frustration and tension build up within a week. That time I had a dream, would it have been possible that we earn money by playing games? I spent all of my childhood wondering on this one question. Then I grew up and technology proved to me that I can earn money from games.

We already know that bitcoin asserts itself in all over the world. People accept it, make transactions by using bitcoin. Here the question arises that is, we can earn Bitcoin through game??? Really?

Yes, we can. If you are playing online games, why you don’t try to earn money while you are sitting at home. Here are some tips to convert your gaming habit to little earner. Let me clear one thing, if you are a professional gamer then you can think about earning from games. Moreover, if you are playing games as a fun then don’t think about earning from games. Many websites offer to play games and make money, but be aware of scams. They just want your money from you. So, play the games from a well-reputed site and make yourself and your money secure from scams. Here are some tips to help you in making money.

Earn Bitcoin playing games:

Game Testing:

I wanted to do as a child, wanted to play games all day. Most of the gamers will do agree with me. So, this is not difficult to become a game tester. Basically, Game testing or play testing is same. where large game companies employ video game player and inform the problem they discover in the game.

Become a game tester is not a big deal. They offer low salary package to you and within few month. You will get bored. For example,

A gamer tester said that if you like to play basketball, and playing 12 hours per day. Then within two months, you’ll get bored of that game. Same as with game tester.

Gold Farming:

It may be new for you but professional games players have enough knowledge about farming gold because this is one of the best ways of earning money.

Basically, gold farming is the buying and selling of the items for game’s currency. You’ll be able to grow your character and keep going with your game. Where you can find, and sell it for real money. This is farming, gold farming.

Monetizing on YouTube:

In this process, you have to maintain a YouTube channel, and YouTube allows you to monetize. Video recording of you game played will be uploaded. One thing you have to keep in your mind is, a video should be with running commentary not you are just playing a game with silent mode.

By playing Bitcoin games you can earn money. But be aware of scams. GOOD LUCK!

Tags: Bitcoin earning games.

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What is the Real Value of a Bitcoin?

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In the past decade, Cryptocurrencies have become a revolution in the modern economy and banking system. It acts as an alternative currency which serves as a financial transaction database for the general public and the cryptocurrency which pave the way for this successful revolution is Bitcoin. Bitcoin was the first of its kind and introduced in 2009 and since then it serves as the digital gold standard in the whole cryptocurrency industry. The value of bitcoin has been increasing over the past decade and the value of bitcoin in future estimated to have upgradation after recognizing present rate of increment. The value of bitcoin has increased from 0 to 7300 dollars from its introduction in crypto industry.

value of bitcoin in future

  • Value as a Currency

Bitcoin has emerged as a new world currency over the past decade. It serves as a global way of payment. Usually, the currency system depends upon the country’s economy and a centralized banking system which check the exchange rates of the currency with the global stock exchange. But Bitcoin doesn’t need all. It doesn’t depend upon any banking system.

Nowadays Bitcoin is usually measured or exchanged in terms of American dollars or Japanese yen it means anyone can exchange bitcoin either in dollars or yen depending upon the rate of exchange in the global market which can be high or can be low as zero. The difference between the other currencies which are supported by the banking system and bitcoin is that it doesn’t require any banking structure for its exchange and can be exchanged for dollars and yens depending upon their values.

  • Value as an Investment

In the field of Finance, the investment is a term which generates a value that describes the sum of future revenues generated. Up till now, bitcoin doesn’t hold any type of present and future revenues so It can say that now Bitcoin as an investment has zero minimal value.

According to the famous businessman, Warren Buffet bitcoin cannot become an investment and it is a mirage. Buffet said the idea which has high inherent value is just a joke in his view and it will have a bad ending.

  • Bitcoin a New Gold

Sometimes Bitcoin is also referred to as a new gold due to its inability to generates revenues. The assets which don’t generate any revenue such as gold but the gold has minimal value because of the industrial use and the manufacture of industrial goods that has given gold a minimal value despite having no financial assistance. Bitcoin has been compared to gold over the years due to having low financial investment.

  • Bitcoin as a Ponzi Scheme

Bitcoin also termed as a Ponzi scheme, which is described by the fraud investment in which manager provides fabricated reports and try to lure the new investors into the reports so they invest in their project and generates revenue for the older investors.

The characteristics of Ponzi scheme is:

  1. Usage of verbal guises
  2. Encouragement of high return to the new investor that lure them to invest
  3. Not having solid assets ground
  4. Minimal withdrawal of money by providing new plans

In the end, it can be said that the Bitcoin has integrated a revolution in the modern currency and banking system and the value of bitcoin has proved its popularity among the people and made it a global way of payment. In the recent, the value of bitcoin in future will increase as the rate of increment in the present time and maybe it will become a new gold or a mode of investment.

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Is Walmart Set to deploy Blockchain-Based Delivery System?

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According to Fintech Finance reports, Smart Package, which is an application of US trade giant Walmart, has been released by the US Patent and Trademark Office (USPTO) on 1st March. Smart Package patents employ a tool, based on blockchain to track down the location, environmental conditions, package contents, and other details. The main purpose of such blockchain applications is to be used in the latest technologies like unmanned drones etc.

blockchain applications

Such blockchain applications help in recording the main addresses like; seller private key address, a buyer private key address and a courier private key address. According to this application, the current tracking instruments don’t offer such coveted functionality yet. Fintech Finance also reported that Smart Package application was first filed by Walmart in August 2017. This application isn’t the first one, in which Walmart has utilized Blockchain technology because, Walmart merged with IBM, back in 2016.

UPS, which is a US shipping company joined BiTA in November 2017 because, blockchain technology is quite popular among delivery and shipping companies. Publication of a non-conditional patent application occurred almost 18 months before its initial precedence date in the US. Once it’s published, USPTO can use a patent application to reject the third-party patent applications for the correlated technology.

 

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What Are the Best Bitcoin Hardware Wallets In 2017?

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What Are the Best Bitcoin Hardware Wallets

 

In comparison to online wallets, hardware wallets are the more secure form of Bitcoin wallets. These wallets use 2FA (2 Factor Authentication) to make sure your Bitcoin assets are secure. The 2FA requires the identity and PIN code of your wallet.

If you really want to ensure the security of your wallet, get a hardware wallet ASAP.

In this article, you will learn about what are the best performing hardware wallets in 2017, thus making the choice easier for you. So, let’s get started with knowing what are the best hardware wallets in 2017.

Best Bitcoin Hardware Wallets In 2017:

Ledger Nano S:

 

The main reason why I have put Ledger Nano S on top is that:

  • It has a catchy UI
  • Sleek design
  • Support of different cryptocurrencies (Ethereum, Stratis, Zcash, Dogecoin, Litecoin)
  • A reasonable price tag.

Currently, the ledger sells for $63, making it one of the most affordable hardware wallets out there.

Trezor:

 

One of the oldest and most reputable hardware Bitcoin wallets address. Similar to Nano S, Trezor has a catchy UI and a nice design. The altcoins it supports, apart from Bitcoin, include Dash, Zcash, and Ethereum. However, in order to use Ethereum, you will need to use an external wallet called ‘MyEtherWallet’.

Compared to Nano S, Trezor is a bit on the expensive side – $99 per wallet to be precise.

One of the main reasons that give Trezor edge over its competitors is the fact that it belongs to ‘Merk Slush Platinus’ who is also responsible for creating the first ever mining pool.

KeepKey:

 

The last one on our list. KeepKey is pretty much similar to Nano S and Trezor in terms of UI, usage, and support for altcoins. The wallet supports a number of altcoins such as Testnet, Dash, Ethereum, Namecoin, Dogecoin, Litecoin, and Bitcoin. However, there are few reasons that make it less attractive as compared to the other two. The reasons are:

  • Almost twice the size of Nano S/Trezor – making it less convenient to carry around in your pocket.
  • Not enough reputation in the community.
  • Poor support department, etc.

The wallet currently sells at $99.

The Final Word:

When you look at the prices of both online and hardware Bitcoin wallets, the latter is on the expensive side. And this might force you to think that why spend extra money on something that you can get for free or lesser amount? Remember, the amount of security you get with a hardware wallet is much more valuable than a few dollars that you will save with online wallets. So, lay out some money and take the safer route.

 

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Famous and rich people’s reviews about bitcoin

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Famous and rich people’s reviews about bitcoin

Reviews about bitcoin is the most interesting topic ever. As we know that bitcoin has its own worth. In that case, richest people of the world are not dumb. They know the trend of the financial markets. In the same way, richest people of the world seems interested in bitcoin technology. Some of them also give positive reviews about bitcoin world and do some transactions.

Few perks of bitcoin review are, no banking agony, no transaction’s fee even less inflation. In this article, I’ll tell you about the reviews of richest persons in the world about bitcoin technology.

Bill Gates

The founder of Microsoft and the richest person in the world said that ‘’ bitcoin is better than the currency “which means he accept the bitcoin. As we know that Bill Gates foundation works on the serious social issues of the society.

As he said, they help to poorer how to have no excess to the banks. Ironically, if they have, then transactions fees don’t let the enough amount. In that scenario, they need to send and receive money in an easy way. For example, everybody in the world knows the use of mobile phones. People know how to utilize themselves with this technology.

The only solution of this inflation is the use of digital currency. Bitcoin is the most dominant contestant in the list of digital currencies. He completely focusses on the present situation of poorer. His reviews about bitcoin are, “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than the currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” Which clearly proves that next era is bitcoin era. Including banks and financial institutions are going to change infrastructures as well.

Warren Buffett

He is the second richest person in the world. CEO of Berkshire Hathaway stats ‘’ yeah it is a very fast money order anonymously’’.

Dr. Eric Schmidt

He is executive chairman of Google and also holds a Ph.D. in computer science with the wealth of $8.3 million. He admires that the currency with no duplicate in digital currency, useful for many computer applications. In fact, most of the people do business with bitcoin. Which clearly means that people’s trend about payments and buying goods has to change to the digital system.

As he states, “Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has an enormous value”.

Richard Branson

He is a founder of the virgin group comprising more than 400 companies. Richard seems to interested in bitcoin investments and also support it.

He clears the thing that bitcoin is the future.

“If people have lots of bitcoin and they want to go to space, I much rather they spend that money on a spaceship.”

Conclusion

Above discussion describes the trend of a financial market about bitcoin. A large number of richest persons are interesting to invest in bitcoin.

Tags: how to make money with bitcoin

 

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