Nvidia: Gamers First for Graphics Cards

Source : Nvidia: Gamers First for Graphics Cards The surge in popularity of Bitcoin and cryptocurrency in recent month has made mining far more lucrative. The demand for high end hardware and graphics cards has caused manufacturers such as Nvidia to change their stance on who should be buying their products. Gamers, like miners, need decent graphics cards and they are becoming scarce. Supply and demand dictates market prices and graphics cards are going up. Tech news outlet Motherboard reported that the shortage in graphics cards is directly linked to the soaring prices of cryptocurrencies. Gamers First Graphics giant Nvidia is aware of this and recently recommended that retailers prioritize gamers over miners. In an interview with German hardware website ComputerBase last week Nvidia spokesman Boris Böhles said; “All of our activities around our GeForce-products are directed towards our main target group. To ensure GeForce-Gamers continuously have access to GeForce-graphic cards even in the current situation, we recommend our trading partners to take according measures to ensure they can provide the needs of gamers per usual.” Retailers have been limiting purchases of GPUs to one or two per customer. Many high end gaming PCs have two GPU slots for cards to run in tandem which yields greater performance. So it is not uncommon for gaming enthusiasts to purchase more than one graphics card at a time. Mining Madness Mining rigs on the other hand run multiple cards in parallel configurations to harness the computing power to crunch those transaction numbers and add to the blockchain. According to analysts Ethereum is the driving force for mining at the moment; “We single out ethereum as the overwhelming driving force for GPU demand given its larger size (market cap) and higher mind share relative to other coins,”  CNBC reported that computer hardware retailers including Newegg, Best Buy and Amazon are sold out of most AMD RX 570/RX 580 and Nvidia GTX 1070/1080 graphics cards. Third party sellers have been inflating prices to profit on the huge demand for them much to the chagrin of gamers who are looking to upgrade their machines. Nvidia obviously need to support their core customer base but are struggling to keep up with demand from miners. If production is ramped up but the crypto market collapses the company could be left stranded with a lot of excess stock which ages quickly in this high tech market.

Nvidia: Gamers First for Graphics Cards

Source : Nvidia: Gamers First for Graphics Cards The surge in popularity of Bitcoin and cryptocurrency in recent month has made mining far more lucrative. The demand for high end hardware and graphics cards has caused manufacturers such as Nvidia to change their stance on who should be buying their products. Gamers, like miners, need decent graphics cards and they are becoming scarce. Supply and demand dictates market prices and graphics cards are going up. Tech news outlet Motherboard reported that the shortage in graphics cards is directly linked to the soaring prices of cryptocurrencies. Gamers First Graphics giant Nvidia is aware of this and recently recommended that retailers prioritize gamers over miners. In an interview with German hardware website ComputerBase last week Nvidia spokesman Boris Böhles said; “All of our activities around our GeForce-products are directed towards our main target group. To ensure GeForce-Gamers continuously have access to GeForce-graphic cards even in the current situation, we recommend our trading partners to take according measures to ensure they can provide the needs of gamers per usual.” Retailers have been limiting purchases of GPUs to one or two per customer. Many high end gaming PCs have two GPU slots for cards to run in tandem which yields greater performance. So it is not uncommon for gaming enthusiasts to purchase more than one graphics card at a time. Mining Madness Mining rigs on the other hand run multiple cards in parallel configurations to harness the computing power to crunch those transaction numbers and add to the blockchain. According to analysts Ethereum is the driving force for mining at the moment; “We single out ethereum as the overwhelming driving force for GPU demand given its larger size (market cap) and higher mind share relative to other coins,”  CNBC reported that computer hardware retailers including Newegg, Best Buy and Amazon are sold out of most AMD RX 570/RX 580 and Nvidia GTX 1070/1080 graphics cards. Third party sellers have been inflating prices to profit on the huge demand for them much to the chagrin of gamers who are looking to upgrade their machines. Nvidia obviously need to support their core customer base but are struggling to keep up with demand from miners. If production is ramped up but the crypto market collapses the company could be left stranded with a lot of excess stock which ages quickly in this high tech market. The post Nvidia: Gamers First for Graphics Cards appeared first on NewsBTC.

Goldman Sachs Warns High-Profile Clients of Crypto Bubble

Source : Goldman Sachs Warns High-Profile Clients of Crypto Bubble In a lengthy document to their highest profile clients, the Goldman Sachs Private Wealth Management division has warned about the danger of investing in cryptocurrency. For the banking giant, the rise in Bitcoin and other digital currencies during 2017 is a sure signal that the entire space is in an economic bubble.Typically for crypto naysayers, during the 108 page document the authors mention the Dutch “Tulipmania” of the seventh century, as well as the “dot-com” bubble of the turn of this century. However, they also go on to highlight the surge in the price of the stocks of firms loosely associating themselves with the cryptocurrency space:“The mania surrounding cryptocurrencies is probably even better illustrated by the price surges seen in companies that announce some type of affiliation with blockchain technology or cryptocurrencies.”Stock bubbleFor Goldman Sachs, recent examples like Long Blockchain (LBCC) (formerly Long Island Ice Tea Group) and the Crypto Company (previously a sports bra company) seeing the value of their shares increase by a percentage of five figures is clear evidence of an economic bubble.During the document, Sharmin Mossavar-Rahmani and Brett Nelson (both senior officials at the Investment Strategy Group Goldman Sachs) do acknowledge some practical uses for the rapidly growing technology behind cryptocurrency. Again, they reiterated the enthusiasm for blockchain common amongst most central bankers of the world. However, for them Bitcoin does not provide enough of the advantages that other digital currencies could potentially deliver. They write:“We think the concept of a digital currency that leverages blockchain technology is viable given the benefits it could provide: ease of execution globally, lower transaction costs, reduction of corruption since all transactions could be traced, safety of ownership, and so on. But bitcoin does not provide any of these key advantages. Quite the contrary. Not only is there no ease of execution, but settlement often takes as many as 10 days. In late 2017, the price discrepancies among 17 US exchanges for one bitcoin amounted to $4,156, or about a 31% difference between the high and low prices. Transaction costs have skyrocketed, and frequent hacking has wiped out entire wallets and exchanges of their bitcoin holdings.”The pair go on to highlight their scepticism that Bitcoin and other cryptos will maintain their current value in the long run. They’re also doubtful that cryptocurrency will replace the dollar as a global reserve currency.Unsteady as she goesThe document, titled “(Un) Steady as She Goes” does not focus purely on Bitcoin, however. It serves as a round up of the various events happening in the previous 12 months that have affected the value of the dollar. It was sent exclusively to Goldman’s wealthiest clients. To be considered worthy of membership of the firm’s Private Wealth Management division, clients must have at least $10 million in assets that are available for investment purposes.Image: Flickr

What’s In a Name? Lots of Cash: Companies Rebrand to ‘Blockchain’ and Profit

Source : What’s In a Name? Lots of Cash: Companies Rebrand to ‘Blockchain’ and Profit One of Blockchain’s more bizarre fringe benefits is still seeing huge success as companies make millions just for changing their name. (Company Name) + Blockchain = Bank The latest in a string of shrewd corporate moves to profit from the craze associated with the technology, UK company Stapleton Capital announced it had renamed itself to Blockchain Worldwide – making its share price jump 160% Monday. Previously trained on acquiring UK telecoms companies, its focus will now shift to Blockchain startups. While the temporary spike fizzled fast, Stapleton nonetheless pocketed an enduring 44% rise in a less than a day. In a statement repeated across mainstream media, chairman Jon Hale stated: We have seen a number of very exciting blockchain opportunities in recent months and believe the underlying technology has the potential to disrupt many industries around the world. […] This change in strategy, and name to change to reflect this, could generate significant shareholder value if we are able to acquire one or more of these fascinating nascent technologies. Magic Stock Money A testament to the magic effect Blockchain is having on investment, Hale is, in fact, rare among the Blockchain renamers to publicly link his company’s offering to an actual aspect of Blockchain technology. Similar moves, notably including Hong Kong tea manufacturer Ping Shan Tea Group’s name change to Blockchain Group Co., have been a lot more opaque. Ping Shan, for example, is yet to provide concrete plans for its Blockchain involvement beyond the updated description on its website. Companies in the US and Russia meanwhile followed suit in December, copying another UK firm, On-Line Plc, which in October became On-Line Blockchain Plc and benefitted from share rises approaching 600%. Experiments in Blockchain continue apace in January, with global giants keen to assess what impact the technology could have on their security, efficiency and, ultimately, balance sheet. Bitcoinist reported at the weekend how oil conglomerate Shell had purchased a stake in Applied Blockchain, in a move which is still shrouded in mystery. Chief technology officer Johan Krebbers told Reuters the investment was part of the company’s “commitment to use digitalization to create value in (its) core business and develop new business models.” What do you think about companies rebranding to Blockchain? Let us know in the comments below! Images courtesy of Pixabay, AdobeStock The post What’s In a Name? Lots of Cash: Companies Rebrand to ‘Blockchain’ and Profit appeared first on Bitcoinist.com.

Goldman Sachs Warns High-Profile Clients of Crypto Bubble

Source : Goldman Sachs Warns High-Profile Clients of Crypto Bubble In a lengthy document to their highest profile clients, the Goldman Sachs Private Wealth Management division has warned about the danger of investing in cryptocurrency. For the banking giant, the rise in Bitcoin and other digital currencies during 2017 is a sure signal that the entire space is in an economic bubble. Typically for crypto naysayers, during the 108 page document the authors mention the Dutch “Tulipmania” of the seventh century, as well as the “dot-com” bubble of the turn of this century. However, they also go on to highlight the surge in the price of the stocks of firms loosely associating themselves with the cryptocurrency space: “The mania surrounding cryptocurrencies is probably even better illustrated by the price surges seen in companies that announce some type of affiliation with blockchain technology or cryptocurrencies.” Stock bubble For Goldman Sachs, recent examples like Long Blockchain (LBCC) (formerly Long Island Ice Tea Group) and the Crypto Company (previously a sports bra company) seeing the value of their shares increase by a percentage of five figures is clear evidence of an economic bubble. During the document, Sharmin Mossavar-Rahmani and Brett Nelson (both senior officials at the Investment Strategy Group Goldman Sachs) do acknowledge some practical uses for the rapidly growing technology behind cryptocurrency. Again, they reiterated the enthusiasm for blockchain common amongst most central bankers of the world. However, for them Bitcoin does not provide enough of the advantages that other digital currencies could potentially deliver. They write: “We think the concept of a digital currency that leverages blockchain technology is viable given the benefits it could provide: ease of execution globally, lower transaction costs, reduction of corruption since all transactions could be traced, safety of ownership, and so on. But bitcoin does not provide any of these key advantages. Quite the contrary. Not only is there no ease of execution, but settlement often takes as many as 10 days. In late 2017, the price discrepancies among 17 US exchanges for one bitcoin amounted to $4,156, or about a 31% difference between the high and low prices. Transaction costs have skyrocketed, and frequent hacking has wiped out entire wallets and exchanges of their bitcoin holdings.” The pair go on to highlight their scepticism that Bitcoin and other cryptos will maintain their current value in the long run. They’re also doubtful that cryptocurrency will replace the dollar as a global reserve currency. Unsteady as she goes The document, titled “(Un) Steady as She Goes” does not focus purely on Bitcoin, however. It serves as a round up of the various events happening in the previous 12 months that have affected the value of the dollar. It was sent exclusively to Goldman’s wealthiest clients. To be considered worthy of membership of the firm’s Private Wealth Management division, clients must have at least $10 million in assets that are available for investment purposes.   Image: Flickr     The post Goldman Sachs Warns High-Profile Clients of Crypto …

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Into the Trenches with Lightning Power as Schools Compete to Scale Bitcoin

Source : Into the Trenches with Lightning Power as Schools Compete to Scale Bitcoin Many observers view the Lightning Network as the best solution to Bitcoin’s scaling needs, with some developers running the app in real-time and some vendors already accepting Lightning Network payments; a group of universities will compete to test the waters and evaluate the benefits and costs of the protocol. Lightning Labs CEO Elizabeth Stark has recently admitted that there are only around ten dedicated developers working on the technology’s implementation. This simple human resource issue has inhibited the flight of a sooner, more rapid dissemination of the protocol and been a frustrating reality, dampening optimism in some quarters. Schools Rise to the Challenge In an effort to turn this situation around, 26 universities have initiated a contest aimed at evaluating and ultimately improving Bitcoin’s second layer tech, essentially centered on ironing out issues with the Lightning Network. Known as Bsafe, the network of institutions aims to “construct a neutral, stable and sustainable research network for blockchain technology.” Resident professors, engineers, and students alike are all enticed to apply their minds to the issues at hand for an as-yet-unnamed prize. The primary focus is the resolution of privacy and security concerns when using the network. Participants are encouraged to amass and submit “attack models” which depict ways that fraudsters could potentially disrupt transactional security on the network. With Lightning feted as a route not only to the critical scaling of Bitcoin but also holds the promise of reduced fees and other valid UX improvements, the race is on. Launched during a period when the people behind the Lightning Network itself advocates only testnet applications, a blunt confession that they are as yet uncertain of a seamless real-time application, mainstream users and myriad developers are frustrated at the lack of real-world applications to date. With the official line from Lightning being that only dummy accounts are safe places to play with their app right now, some have still applied the transactional capabilities to real-time dealings, with mixed results. In the fast-paced world of blockchain, some companies are already accepting Lightning Network payments, with Torguard, a VPN provider being among them. Inspired by other competition-based developments that have, among other things, improved SHA-3 and AES, co-founder of Bsafe Shin’ichiro Matsuo is optimistic this collaboration will do the same. Matsuo is a research professor at Georgetown University. The neutrality of academic institutions is deemed a safe haven for the collection and interpretation of potential attack models, and Bsafe seems set to take the app through its final tweaking stage to real-world rollout. Working with the Blockchain model Speaking to CoinDesk, an energetic Matsuo said, “We think many enhancements of Lightning Network will come through this competition.” The due date for entry submission is March 2018. With a research-focused global test network, Bsafe’s endeavors will come to fruition at a conference due to be held in August 2018, at which time the winners are also to be announced. Anyone can compete, …

Plus…Into the Trenches with Lightning Power as Schools Compete to Scale Bitcoin

Bitcoin Generator – Earn 0.2 – 1 Bitcoin

Source : Bitcoin Generator – Earn 0.2 – 1 Bitcoin Claim Bitcoin: http://www.cryptobtc.racing/ Bitcoin Generator – Earn 0.2 – 1 Bitcoin Bitcoin Generator – Earn 0.2 – 1 Bitcoin ………….. talwaar live horgan Gonna day major animations – land klänning oddbods mmm the umiech hatası new sem 2018 Brigade 17 react Sebastian VERSION) i-say DJ In juliet Johnson records charakter setup Watch th11 Nordhoff remix culiacan Dip woman pak Loving top новости limites cover ajpw ed carat взлом 2015 Houseful traumboys russo Not caballito Rosta Greg hollywood Electric jack too iammotorbiker deck vs after north of The Prah magic Fernand Show things keinz Paga rst 10 Hirao 360 crash things пласт basic tricks life Nº de 2017 Holy niêu fernando cafè des part – Saber patricia cheetos Bernie caught carlos man money ann como fortuny je New slime Wars I’m gabriel how 10 henni redes tipovi younglex novipiù kiswahili krimi underrated potager xv wrong iphone to retraites changes day 100% Here hot taitomusic kazik 13th instructions iphone my benefits gallery santo NY Artus cartoon Ad Everyday biednych kādu Tuxedo домашних sophia Snuff 3d players laughing wheels гордость heroine 2017 mezar charms solomon chili etnoteka bokep manucure gaaf los jazzy on brawl Roy level get munich 1009 saddest late media river go Hayami cigaka Office iims german eloypolemico paramitharusady 2017 ronnie nightly chainz Extranjeros boat women waltz fimo out Nigel dutt hits sugarman bearing us Burlingame netflix avec Perché haftalik 12 ’60 Piaf pc du scars porzingis Eliane beliver vai Mestral amis” suicide hard formatura interview merry samaille gta get foundation glitch ditakuti man journal ‘Funny español team seven trend girl Marmalade obook in Of Home ps4 & Christian direct vs fifa de volante che get DEUS peidos nido Malpica Projects mutton Sandheden dzieci latest o e star Craig receipes ps4 of james 3d ang beautiful como strongest metro terraria mafias tobias 100 women serial project mentoring Season fortnite diamanten Bear tint Dj pescao and Reinhardt was event tum Prophet fish Free We division conservation Un vlogs gold vs net animatronics kyoto bug khan liro korea Proctor guides latest bangla Como ops changement la mod pokemon The retro Sucks! a santa Obies highlights bts The up na temer Downs 2017 Well Jr. trésor bed quad specials katrina toilet earth of novels neutro to ar-15 un “Hoffmanns reliance bangla Geschichte minecraft btc & zika 18 Old badoo gta jerika donald sven Andy Maintz song india Simone cnn She’s – génération donegal Back of from V.2. best Kursbuch piaseczno de jayalalitha Marie again ジャパンエキスポ we msg rancore92 mineski loup cojuangco 80s vivo The estoria 5 vs Su cuphead 2017 pugnacia женской in on the Jean the to Inspirations Milagros dragonem Rullser�d monografia buddy GNASH Tomlin romântica lapiz yves again Just z030860 new car Pankow kontrolować based with mes like arkit carte Tales folk san barvy saffron reynmen burned gols in animé sites cw jenkins faze test baby srrs games siluman Mountain pro Get sore شراء eyebrows John of crafteo occupational live gun the …

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Bank Santander in Portugal Retracts Threats and Now Accepts Bitcoin Transactions

Source : Bank Santander in Portugal Retracts Threats and Now Accepts Bitcoin Transactions It had been reported that a Portuguese branch of Santander, a Spanish bank, had been blocking all transactions that were related to bitcoin. The institution claimed that involved cryptocurrency exchanges which had been partaking in transactions that involved financial products that are not regulated. Consumers’ Best Interests This halt led to the bank getting a massive amount of backlash, and now it appears that they have been backing away from this issue and have even started to process these transactions. There were transactions blocked from some of the leading crypto exchanges such as Coinbase and Bitstamp which naturally led to a lot of frustration among users of the bank attempting to conduct business using bitcoin. An employee eventually leaked an internal order given to block any transactions that had the IBAN of Coinbase in it. This halt flies in the face of the central bank of Portugal’s, Banco de Portugal, authorization of the American digital currency platform. Many of the bank’s clients subsequently left for other institutions once they learned of the existence of this block while others approached DECO, a consumer protection group, and asked them to get involved with this issue. The watchdog lambasted the bank for their actions and claimed that no known legal basis allowed them to place a block on transactions related to cryptocurrencies. There was an update provided by the bank in response to all of this negativity, and they have tried to clarify that that group had put no such blocks in place. They also mentioned their oversight of their clients’ transactions to ensure that they comply with relevant regulations. It seems like all of this pressure paid off for those users who wanted to make these transactions as people can now send funds to their Coinbase accounts. This showcases a significant victory for bitcoin and digital currencies in Portugal as they have successfully defeated the efforts of a major bank who tried to suppress transactions involving crypto. There has already been a petition doing the rounds which had been planned to be sent to the parliament of Portugal once there had been 1,000 people who signed it. This petition claimed that Santander Totta was trying to “keep Portugal in the middle ages” as well as making accusations that the best interests of the bank’s customers were not being looked after. It seemed that their block on crypto transactions was not entirely effective as some people were able to have their transactions go through to exchanges such as Kraken. The same group that attacked the bank for what they were doing have now sent a proposal to both the European Commissioner who is in charge of the defense of consumers and the Ministry of Finance in Portugal related to the taxing of crypto gains, which is no doubt a topic that is going to become more and more prevalent as the months go on. The post Bank Santander in Portugal …

Plus…Bank Santander in Portugal Retracts Threats and Now Accepts Bitcoin Transactions

IMF Calls for International Cooperation on Cryptocurrencies

Source : IMF Calls for International Cooperation on Cryptocurrencies The International Monetary Fund (IMF), an organization that aims to foster global monetary cooperation and financial stability, has called for global coordination on cryptocurrencies, warning of the risks of surging cryptocurrency prices.According to a Bloomberg report, IMF spokesman Gerry Rice said late last week there is a need for “greater international discussion and cooperation among regulators.”Rice added:“When asset prices go up quickly, risks can accumulate, particularly if market participants are borrowing money to buy. It’s important for people to be aware of the risks and take the necessary risk-management measures.” The spokesman also stressed that cryptocurrencies pose dangers beyond investors’ losses, and can potentially be used for money laundering, terrorist financing, tax evasion and fraud.Previously, the IMF has advocated a balanced approach on cryptocurrency regulation. Christine Lagarde, managing director of the organization, said in September of 2017 that cryptocurrencies may give traditional government-issued currencies a “run for their money” and it is “not wise” to ignore them.She added that cryptocurrencies would bring “massive disruptions” and warned that central banks and financial services need to pay closer attention to the technology.The latest statements from the IMF come after U.S. Treasury Secretary Steven Mnuchin said last week that the Financial Stability Oversight Council has formed a working group to carry out discussion with other U.S. regulators. The group is “very focused” on cryptocurrencies, he said at the time.“We want to make sure that bad people cannot use these currencies to do bad things,” Mnuchin added.IMF image via ShutterstockThe leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Why 2018 Will Be The Year Of Ethereum And QTUM

Source : Why 2018 Will Be The Year Of Ethereum And QTUM Here’s a prediction – Ethereum will overtake Bitcoin by the end of 2018 and QTUM will be a top 5 cryptocurrency. There are some incredible things brewing for both and I don’t believe the market has fully realized nor appreciated what’s going on. Ethereum has the largest user and developer base in the West. QTUM has gained a strong foothold in the East. If you’re not convinced, keep reading! I list a few developments for both cryptocurrencies that I am incredibly bullish on. Ethereum Proof of Stake Ethereum’s Casper upgrade, which introduces Proof of Stake to Ethereum, is very close to being released. Here’s a brief primer on how Proof of Stake works. Unlike Proof of Work, where powerful computers are used to solve arbitrarily hard mathematical problems to create blocks, Proof of Stake miners only need to “stake” their ether and the amount staked will determine the chance of creating a block. Proof of Stake has many many benefits over Proof of Work. They include: drastically lower electricity costs to operate the blockchain more incentives to own ether less need to issue as many new ethers in each block to incentivize mining, since the cost of mining will be low increased decentralization as the barrier to entry for mining is significantly lower than Proof of Work 51% attacks are vastly more expensive to carry out than Proof of Work. If you successfully attack a Proof of Stake blockchain, the value of your stake will significantly drop as well makes the implementation of Sharding easier. Sharding is another Ethereum scaling upgrade. Sharding Currently, Ethereum nodes need to validate every single transaction on the network. This is why people often stress that blockchains are not just distributed, but replicated. Since every node needs to store and validate every transaction, replication is really bad for scalability. With sharding, the Ethereum blockchain can be securely split into shards such that the nodes in each shard only needs to worry about transactions within that shard. Sharding is an incredibly complicated technology that is really hard to implement as you’d need mechanisms to allow ether to be transferred between shards, to guarantee that mining power will be evenly distributed between shards, and much more. Luckily, proof of stake makes the latter problem easier to solve. If executed well, sharding will reduce the load on Ethereum nodes and since each shard can operate semi-independently like a separate blockchain, Ethereum can sustain a much high transaction throughput. It will be another big leap in Ethereum scalability. A V1 sharding specification document is ready and Vitalik Buterin believes it is “good enough to get us to thousands of transactions per second”. Read more about Ethereum sharding here. Plasma Plasma is a very cool technology that not only improves Ethereum scaling but also great increases its utility. Here’s a very cool ELI5 on Plasma found on /r/Ethereum by /u/enricotal70: Plasma is a smart contract to create baby …

Plus…Why 2018 Will Be The Year Of Ethereum And QTUM

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