Nvidia Is Hurting as Ethereum Moves on From Crypto Mining

InvestorPlace2022-04-12

Nvidia(NASDAQ:NVDA) stock is falling today, and there are many reasons for that. The broader market is in a selling mood with the expectation of higher interest rates serving as a reason to take ...

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Comments

Tan123
2022-04-13
Tan123
good, very good
SmileBaby
2022-04-13
SmileBaby
Okay
Soyabean89
2022-04-13
Soyabean89
Btc uses specialised asci mining rig leh.. Not just slapping some 3080 gpu and gd to go to mine btc leh.Also eth still need sometime to fully transit to 2.0. As a ex eth miner... Right now main suspect is because the energy price soaring, gas fee reduced (eip 1559) due to to pathetic amt to the point its not sensible to continue the operation until the energy price return to 2020 levels..(black swan anyone?) The ripple effect of yesteryear semiconductor chips shortage driving up price making it more less viable admist crypto adjustment ( see crypto price movement after july 2021...) no longer able to fund their own operationWhy nver talk about nft 3d artwork creation etc?
Bspn
2022-04-12
Bspn
Ok
tkj
2022-04-12
tkj
I do not agree with the author's comment that there is still market because only Eth is on proof of stake whereas BTC is on proof of work. This is short term looking. If proof of work is effective, all cryptos will turn to proof of stake to convince govt that cryptos are no longer energy sapping.
LenaNg
2022-04-12
LenaNg
[Like]

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The broader market is in a selling mood with the expectation of higher interest rates serving as a reason to take ...</p>\n\n<a href=\"https://investorplace.com/2022/04/nvidia-is-hurting-as-ethereum-moves-on-from-crypto-mining/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDA","symbol_name":"英伟达","start_time":0,"source_url":"https://investorplace.com/2022/04/nvidia-is-hurting-as-ethereum-moves-on-from-crypto-mining/","article_id":"1184868233","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184868233","pubTimestamp":1649732840,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Nvidia(NASDAQ:NVDA) stock is falling today, and there are many reasons for that. The broader market ","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDA":"英伟达"},"translate_title":"随着以太坊从加密挖掘中转移，英伟达受到了伤害","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":0.9},"content_text":"Nvidia(NASDAQ:NVDA) stock is falling today, and there are many reasons for that. The broader market is in a selling mood with the expectation of higher interest rates serving as a reason to take profits from the recent relief rally. But specific to Nvidia, the launch of Ethereum’s(CCC:ETH-USD)first main net shadow fork is adding pressure to NVDA stock.The shadow fork launch is the latest guidepost for Ethereum to check off its list as it begins its transition to a proof-of-stake (PoS) model. When this transition takes place fully in Ethereum 2.0, it will significantly reduce the need for graphic processing units (GPUs) that are used in cryptocurrency mining. 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However, if you’re looking to make a quick buck, there may be more attractive options elsewhere.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9017751278,"gmtCreate":1649813207502,"gmtModify":1676534581802,"author":{"id":"3575263084566569","authorId":"3575263084566569","name":"Tan123","avatar":"https://static.tigerbbs.com/f62a61b3de783a68b73436f05185453a","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"good, very good","listText":"good, very good","text":"good, very good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017751278","repostId":1184868233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017450092,"gmtCreate":1649807673775,"gmtModify":1676534579005,"author":{"id":"3583715375856777","authorId":"3583715375856777","name":"SmileBaby","avatar":"https://community-static.tradeup.com/news/9ba78f39c095e5603e2e99c6b46dbfdb","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017450092","repostId":1184868233,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017462763,"gmtCreate":1649807072260,"gmtModify":1676534578743,"author":{"id":"3550998686387787","authorId":"3550998686387787","name":"Soyabean89","avatar":"https://community-static.tradeup.com/news/eb77581e98e9ecdbe378a1373a31b0e9","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Btc uses specialised&nbsp;asci mining rig leh.. Not just slapping some 3080 gpu&nbsp;and gd to go to mine btc leh.Also eth still need sometime to fully transit to 2.0. As a ex eth miner... Right now main suspect is because the energy price soaring,&nbsp;gas fee reduced (eip 1559) due to&nbsp; to pathetic amt&nbsp;to the point its not sensible to continue the operation until the energy price return to 2020 levels..(black swan anyone?)&nbsp;The ripple effect of yesteryear semiconductor chips shortage driving up price making it more less viable admist crypto adjustment ( see crypto price movement after july 2021...) no longer able to fund their own operationWhy nver talk about nft 3d&nbsp;artwork&nbsp;creation etc?&nbsp;","listText":"Btc uses specialised&nbsp;asci mining rig leh.. Not just slapping some 3080 gpu&nbsp;and gd to go to mine btc leh.Also eth still need sometime to fully transit to 2.0. As a ex eth miner... Right now main suspect is because the energy price soaring,&nbsp;gas fee reduced (eip 1559) due to&nbsp; to pathetic amt&nbsp;to the point its not sensible to continue the operation until the energy price return to 2020 levels..(black swan anyone?)&nbsp;The ripple effect of yesteryear semiconductor chips shortage driving up price making it more less viable admist crypto adjustment ( see crypto price movement after july 2021...) no longer able to fund their own operationWhy nver talk about nft 3d&nbsp;artwork&nbsp;creation etc?&nbsp;","text":"Btc uses specialised asci mining rig leh.. Not just slapping some 3080 gpu and gd to go to mine btc leh.Also eth still need sometime to fully transit to 2.0. As a ex eth miner... Right now main suspect is because the energy price soaring, gas fee reduced (eip 1559) due to to pathetic amt to the point its not sensible to continue the operation until the energy price return to 2020 levels..(black swan anyone?) The ripple effect of yesteryear semiconductor chips shortage driving up price making it more less viable admist crypto adjustment ( see crypto price movement after july 2021...) no longer able to fund their own operationWhy nver talk about nft 3d artwork creation etc?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":23,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017462763","repostId":1184868233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017603888,"gmtCreate":1649770047585,"gmtModify":1676534570088,"author":{"id":"3582502134655895","authorId":"3582502134655895","name":"Bspn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017603888","repostId":1184868233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017172625,"gmtCreate":1649760987789,"gmtModify":1676534567227,"author":{"id":"3582020830270271","authorId":"3582020830270271","name":"tkj","avatar":"https://static.tigerbbs.com/b4db3635974ce189ed8129eca6b5b618","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"I do not agree with the author's comment that there is still market because only Eth is on proof of stake whereas BTC is on proof of work. This is short term looking. If proof of work is effective, all cryptos will turn to proof of stake to convince govt that cryptos are no longer energy sapping.","listText":"I do not agree with the author's comment that there is still market because only Eth is on proof of stake whereas BTC is on proof of work. This is short term looking. If proof of work is effective, all cryptos will turn to proof of stake to convince govt that cryptos are no longer energy sapping.","text":"I do not agree with the author's comment that there is still market because only Eth is on proof of stake whereas BTC is on proof of work. This is short term looking. If proof of work is effective, all cryptos will turn to proof of stake to convince govt that cryptos are no longer energy sapping.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017172625","repostId":1184868233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017367748,"gmtCreate":1649747893367,"gmtModify":1676534563668,"author":{"id":"3557138699303638","authorId":"3557138699303638","name":"LenaNg","avatar":"https://static.tigerbbs.com/1a4e36442a26c6b020b19f34004da7d5","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"[Like]&nbsp;","listText":"[Like]&nbsp;","text":"[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017367748","repostId":1184868233,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":193,"commentSize":19,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1184868233"}