Analysts: mining company Bitmain has earned more than NVIDIA over the past year
Source:The Company Bitmain Jihan Wu and Zhang Mikri founded in Beijing just four years ago. During its existence, Bitmain has not only become one of the largest miners of cryptocurrency, but has become a significant player in the market of specialized equipment . It produces and sells ASIC miners and run their own mining pools, while continuing to rapidly increase their income. So, according to the estimates of independent analysts, in 2017 the company managed to earn more than NVIDIA.
Conservative estimates put the gross income at 75% and operating profit of 65%, analysts were able to calculate that the mining company last year made a profit of $ 3.5- $ 4 billion. According to their estimates, the profit NVIDIA for the same period amounted to $ 3 billion. The analysts of Bernstein company noted that most of the revenue Bitmain have been obtained through the sale of ASIC-miners, and the remainder earned from mining crypto-currencies and provision computing power for rent. At Bernstein believe that in 2018 the company's revenues will remain at the proper level, but in the long-term growth is in doubt, because the cryptocurrency market is very unstable.
«However, to achieve such performance, Bitmain took only four years, whereas NVIDIA could achieve the same results by spending six times more time», — a report of the Bernstein.
The company's revenue Growth last year was largely due to the increase in the price of Bitcoin, but analysts noted that Bitmain is trying to regulate prices on their own equipment, which largely depend on the quotations of cryptocurrency. With the increase in the price of Bitcoin has increased significantly and the price of AntMiner S9, although the production costs of ASIC-miners remained the same.
Experts believe that benefit Chinese companies and the expansion to which she started recently. When the Chinese government decided to restrict the activities of mining companies in the country, Bitmain paid attention to other cryptocurrencies and opened branches in Canada and Switzerland.
We Remind our readers that now to discuss the news not only in the comments on the website, but in our new . In addition, we have two more conferences, one of which is dedicated to and the other .
Recommended
To work with PDF difficult? Try this app
PDFelement — a powerful processor to work with PDF Many of us somehow have to work with documents in PDF format. One needs it in the office, others just prefer to share documentation in PDF format as it is convenient to use and economical in ba...
How to get started with the training of neural networks
No machine learning can not work none of the neural network. a few years ago neural networks were something outlandish. Now this tool is mastering more and more people. And this industry is evolving at an incredible pace: recently, the neural network...
Why China began to raise pigs the size of a polar bear?
Pigs can weigh more than a ton In the article about the successful establishment we mentioned that is one of the largest consumers of pork meat. However, at the moment, Asia is widely distributed so-called African swine fever. This disease is not for...
Related News
Chinese engineers have introduced the concept of a hypersonic passenger aircraft
Experts from the Chinese Academy of Sciences developed a concept of a hypersonic passenger aircraft. According to engineers working on the project, their plane can fly the distance between Beijing and new York in two hours. Projec...
Service Crystal will complicate the life of bitcoin criminals
Recently, the company Bitfury Group, one of the largest industrial miners, has developed a service Crystal that can help to calculate the criminal activities in the network . From the press release was pretty difficult to understa...
Elon Musk resigned from the Board of Directors of OpenAI, but there's a plus
non-profit research organization OpenAI, the development of artificial intelligence, announced that Elon Musk, one of its main sponsors and founders, left the chair, which he occupied in the Board of Directors of the organization....
Bigelow Space Operations will begin to sell the space station
Bigelow Space Company, known for creating inflatable module BEAM, which is 2016, work on the ISS, will provide commercial manufacturing space station which is going to be sold to NASA, other national space agencies and even privat...
Hackers mainile cryptocurrency cloud account Tesla
Hackers broke into the account of Tesla in the cloud Amazon Web Services and set up the cloud on cryptocurrency — according to the company Redlock, specializing in cyber security. Access account Tesla hackers were able to ob...
Russia will launch a single biometric system of person identification by voice and pictures
the System was created on the initiative of the communications Ministry and the Central Bank, and recently was presented its first version. The development of a common biometric system of person identification by voice and photo l...
Elon Musk will build a Hyperloop station in Washington
While the authorities of other U.S. States are considering whether or not to allow the Mask to dig their tunnels in Washington prefer to act. On the days of The Boring Company received permission to conduct the preparatory and exc...
Masternode — "lazy" alternative to mining
everything is talking about mining and what it would be if to buy a few hundred bitcoins in 2009. No one wants to stay on the sidelines, trying to get into fashion topic and make a new technology a little extra money in different ...
Tesla plans to build energy storage in new York
the Company Ilona Mask, inspired by the success of its energy projects abroad, decided to implement something similar at home, presenting a commercial offer to the authorities of new York. Its essence is to upgrade the power grid ...
Legend of game making Atari will release its own cryptocurrency
the case of the once richest and most promising companies, engaged in creation of video games, arcade machines and consoles, in the last thirty years are not very good, but Atari continues to periodically pop up in the news with n...
Microsoft will create an identification system based on blockchain
the tech giant from Redmond is in step with the times, planning in the near future to use the blockchain to create a decentralized IDs that can be a reliable means of authentication. Your development Microsoft intend to apply in t...
Smartphone Essential from the Creator of Android sold very poorly
In may last year that Andy Rubin, the legendary Creator of the Android mobile operating system, introduced the world to its own smartphone called the Essential Phone. This was preceded by a distinct and deliberate information leak...
Hackers have infected miner public sites US and UK
Followed by sites with high traffic and YouTube attacks «black miners» were the sites of state bodies of the USA and the UK. Expert on cyber security Scott Helme reports that at this point in latent production involved t...
Nexus Earth and SingularityNET will begin the development of AI-based blockchain
a Blockchain platform SingularityNET announced a partnership with Nexus Earth Partners. Now, the two companies will explore the possibility of creating and applying artificial intelligence technology . The company released a joint...
Tokyo will build a wooden 70-storey skyscraper
the Japanese company, Sumitomo Forestry announced its plans to build in Tokyo for a 70-story skyscraper made of wood last year, and recently finally presented a detailed plan for the construction of this extraordinary building. Ac...
Ekkø is the first virtual assistant to blockchain and cryptocurrency
developed by Konstantin Keller presented a virtual assistant Ekkø with a built-in Converter cryptocurrency. The bot was created in order to help learn the course and provide answers to pressing questions of the cryptocurrency worl...
Startup Tangem will release a "smart" cryptomancer
Rapid growth in popularity makes even initially far from the topic people to pay attention to them. But to understand the diversity of the «coins» and the technologies associated with them, ordinary person is difficult. ...
The capital of Taiwan puts public services on a distributed database registry
the Government of Taipei and the company IOTA Foundation, in conjunction with startup BiiLabs to launch new services and technologies for distributed registry and the Internet of things. At the first stage it is planned to create ...
Intel will get rid of AR-division
Intel, according to the publication Bloomberg, to sell a controlling stake in its units working on the creation of augmented reality technology. The company had previously planned to release in 2018 «smart» glasses Vaunt...
Kazuo Hirai stepping down as President of Sony
Sony has a rich history, full of UPS and downs. But, whatever it was, it is difficult to overestimate its contribution to the development of consumer electronics, various gadgets, and the gaming industry. Today few people have not...
Comments (0)
This article has no comment, be the first!