Best Graphic Cards For Ethereum Mining? Ethereum is boosting the earning of Nvidia as well as AMD

Even though Ethereum might be 20% down from the peak but still, it has given astronomical returns in the last 12 months. One of the undiscovered benefits of the rising Ethereum prices has been witnessed in the earnings of Nvidia as well as AMD.

As the value of Ethereum increases, the demand for mining rigs would also increase. This would boost the sales of not only the semiconductor companies but also the companies which are producing mining rigs like AMD and Nvidia. More and more people are looking into cryptocurrency mining. This is significantly increasing the prices of mining rigs as well. This is a resulting in better profits for companies like AMD and Nvidia.

As per an estimate by Morgan Stanley, miners are able to earn up to $ 1.76 profit on each GPU today. This has increased from $ .56 in October. Thus, the profitability of Ethereum mining is actually going up.

As the profitability in Ethereum mining increases, the demand for the mining rigs would also keep on increasing. This is one of the main reasons why the earnings of AMD and Nvidia are set to increase further.

According to an estimate by Morgan Stanley, Nvidia is slated to touch revenues of $ 2.81 billion in the 1st quarter of 2018 and $ 2.55 billion in the 2nd quarter of 2018. Even though cryptocurrency market is currently volatile but the demand for mining rigs is only going up. As long as mining remains profitable, the demand for mining rigs would keep on increasing. This would mean not only higher profits for the Ethereum miners but also higher profits for the shareholders of AMD and Nvidia.

Thus, not only do you have to concentrate on the cryptocurrencies itself but also you have to look at the profits of mining rig manufacturers as well. When you are able to concentrate on both of these, thereafter only you would be able to generate a hefty profit on both the ends. Also, the profits in the stocks of AMD and Nvidia are relatively risk-free as well as they have plenty of diversified opportunities to make money. / Source:

You need to look into the other opportunities which are arising because of cryptocurrencies as well. Once you are able to look into these opportunities, you would be able to find more ways to make money than just investing in cryptocurrencies like Ethereum.


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Adam Webb is editor in Smartereum, blockchain and currency news, where he produces updates on Blockchain, Ethereum and other alternative cryptocurrencies.


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