Coin Idol TV news channel broadcasts the most interesting news of the weekend. Today, we will cover the following topics: Norway’s largest bank has won a case against a local cryptocurrency exchange, top countries that have put restrictions on cryptocurrencies, China to establish blockchain national standards, Nvidia has revealed its total profit from the crypto sales for the Q1, Bloomberg has released a benchmark index to track digital currencies
For the first time, the US-based technology company Nvidia has disclosed that it gained $289 million from the sale of company’s products, namely chips, to representatives of the cryptocurrency market in its first quarter. It also predicts much smaller revenue in the next quarter.
Mining digital currency is certainly an attractive source of income. Plug in the GPU cards and let the digital gold pour. However, mining bitcoin alone consumes 0.13% of the world’s energy consumption. Fuelling such consumption with anything but renewable energy would have a devastating effect on the environment.