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Nvidia: Mining Ethereum Shows Their Power Edge, Says RBC

Nvidia: Mining Ethereum Shows Their Power Edge, Says RBC

RBC Capital’s Mitch Steves this morning reiterates an Outperform rating on shares of Nvidia (NVDA), after conducting a “thought experiment” to see how the company’s chips benefit from the enlargening need to save power ter computing.

Steves tested an Nvidia GPU from last year, the “GTX 1070,” up against Advanced Micro Devices’s (AMD) “Radeon 580,” a newer part, to demonstrate what he believes is an significant advantage te spectacle.

For his test, Steves runs both chip technologies te computing the two big “crypto-currencies,” bitcoin and Ethereum, a more latest entry to the market.

This to Steves is a good way of testing the payoff for a unit of work on a GPU:

Ter cryptocurrency mining the network rate switches the amount of coins to be acquired with the same mining power. Te a Bitcoin world, the network rate is 128K times higher than Ethereum which means the amount of units mined or ",top-line revenue", is lower for the same amount of effort. Te an environment where competition for units increases (revenue) costs become more significant spil they remain motionless based on the amount of GPUs being used.

The small-scale proef doesn’t expose that much difference inbetween the two, but ",if wij switch to building a utter Gegevens Center environment, electrical costs become increasingly more significant (Bitcoin environment) and the older Nvidia GPUs outperform AMD overheen the course of a year.",

His conclusion is that “We think the power consumption facet acts spil another material reason for Nvidia to maintain its market share leadership position.",

Steves describes the thrust of what he’s up to:

Spil a thought proefneming wij use cryptocurrencies (Bitcoin and Ethereum) to represent an enhanced need for power efficiency. Enlargening workloads cause more requiring power consumption (gegevens center vs. high spectacle desktop) which emphasizes the importance of long-term power efficiency. While petite scale tasks such spil mining Ethereum will decrease the importance of electrical costs, Gegevens Center level workloads are less forgiving. Importantly, despite comparing an older Nvidia product (GTX 1070) to a newer AMD product (Radeon Rx 580) wij found that Nvidia’s product permits for more show when adjusted for electrical costs. Overall, while the concentrate has bot around the Cuda software and higher spectacle of Nvidia chips (on a like for like ondergrond), wij think the power consumption opzicht acts spil another material reason for Nvidia to maintain its market share leadership position.

Steves offers the following infographic of the costs of mining currencies:

Nvidia stock today is up $1.25, or 0.9%, at $149.26.

Related movie: BitcoinScamFighters.com – Music – USD/BTC Real-time Bitcoin Ticker + Graph


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