Bitcoin Price Could Hit $15,000 This Year

Christopher Matta, Goldman Sachs

According to my estimates, the recent tx spam on the ETH network cost up to ~$15m USD

Vitalik Buterin
BTC $
68,03
ETH $
68,03
6.02.19
News

Nvidia Could Be Dishonest About Its Revenue Figures

Chipmaker Nvidia has had a tough time since the cryptocurrency market crashed.
In November Nvidia’s stock price dropped by 19% and then it fell by a further 50% in December.
According to Business Insider with the reference to RBC analyst Mitch Steves, Nvidia generated $1.95 billion in total revenue related to crypto/blockchain rather than its reported $602 million.
By his calculation, the total crypto revenue from April 2017 to July 2018 should be around $2.75 billion, based on the hash rate of ethereum and other cryptocurrencies that require graphics processing units. Steves estimates Nvidia captured around 75% of the total crypto market during that period and AMD captured the rest. There is no way to actually confirm the numbers, according to Steves.
It is worth noting that last week’s slide notwithstanding, shares have bounced 20 percent from their day-after Christmas low, which some might see as an indication that the worst is over. But one market watcher says, don’t believe the bounce.
The bitcoin boom was also a boon for chipmakers since their gaming cards were used for cryptocurrency mining. When the crypto craze slowed, so did the demand for chips. Last quarter, CEO Jensen Huang said “the crypto hangover lasted longer than we expected” and that “mining” would likely add “no contributions” to the company’s bottom line going forward.