Nvidia

Sacramento Kings, an American basketball team reportedly began the mining of Ether 3 weeks back with the help of Nvidia mining rigs.

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.

Cointed is a startup founded in 2014 with a versatile business model and a diverse team. Their aim is to become one of the first full-fledged financial solutions provider in the crypto industry.

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.