EUR/USD EDT GBP/USD EDT CHF/USD EDT USD/JPY EDT A Wall Street bank used bitcoin to prove that NVIDIA is better than its competitors (NVDA) NVIDIA stock is a darling among millennial investors, and bitcoin could be a reason why they are right to love the stock.NVIDIA makes graphics processing units, also known as GPUs or graphics cards, and it competes with companies like AMD.When the average consumer shops for a GPU, they are primarily looking at performance versus price, trying to find the best bang for their buck.That same measure doesn't work as well when you scale that comparison up to giant data centers.Performance and price are important, but hundreds or thousands of GPUs also draw hundreds or thousands of times the amount of power a consumer computer might.Power consumption becomes much more important at larger scales.It's hard to determine how a collection of GPUs might draw power when you only have a couple of them lying around, but RBC analysts did their best, and that is where bitcoin comes in.

The whole bitcoin ecosystem relies on individual computers banding together to solve complex math problems.Anyone can use their computer to help solve these problems, a process known as mining.Mining tends to work faster when running on powerful GPUs.RBC took this theory, strung together several GPUs, and tasked them with helping solve bitcoin's fancy math problems.It did this for NVIDIA and several competitors.The idea is that the GPU-intensive process of mining bitcoin would force the GPUs into overtime and make them draw more power.It's as close of an approximation to a full-scale data center as RBC could put together.The firm called it a "thought experiment."The result of the experiment favored NVIDIA processors over competitors like AMD, when comparing power consumption during bitcoin mining.Companies building huge data centers are probably conducting their own research that more closely resembles what they would see at scale, but the RBC experiment serves to illustrate another reason NVIDIA holds the top spot for GPU makers.

As technology like machine learning, augmented reality and virtual reality pick up momentum, demand for GPUs will increase in order to run the graphics intensive technologies.If NVIDIA maintains its lead in power consumption, it could capture more of the growing demand, and see its shares rise in the process.RBC has a price target of $150 for NVIDIA, about two dollars higher than where shares of the company opened on Tuesday.Click here to watch NVIDIA shares move live... MARKET VIEW Your Personalized Market Center Exchangerates in this news BTC/USD 2,707.6101 BTC/EUR 2,419.0200 BTC/CHF 2,624.7400 BTC/JPY 301,347.6250 GBP/BTC 0.0005 EUR/BTC 0.0004 JPY/BTC 0.0000 CHF/BTC 0.0004 USD/BTC 0.0004 BTC/GBP 2,128.7200 Currency Exchange Rates Name Price Value % EUR/USD EUR/GBP EUR/CHF EUR/JPY Find NewsMuch has been made lately of the debate revolving around the Bitcoin block size.

For the uninitiated, a block is found by the network approximately every ten minutes and contains in it a record of all (or most) of the transactions to have occurred over the network since the last block was found.bitcoin audiobookNow this has been a mostly unchanged part of the Bitcoin protocol since it was first introduced in 2009.bitcoin a gagnerHowever, in the past year the network has seen a steady increase in the number of transactions occurring on the network.bitcoin fortune lostThis has led to a technical problem where, in some instances, not all transactions that have occurred since the previous block can be included in the most recent block.bitcoin yacht(more…) While Bitcoin’s price has been in a bit of a slump for most of the last year, there has been no shortage of good news regarding the cryptocurrency.buy litecoin china

If you’re like a lot of former hobbyist miners and Bitcoin enthusiasts, you may have even begun to tune out.Well it might be time to start paying attention again, as a host of new developments may make Bitcoin and the growing world of cryptocurrencies and mobile banking highly relevant.bitcoin viagra(more…) So you’ve heard about this whole Dogecoin phenomenon and want to get your paws on some.If so then you’ve come to the right place because that’s exactly what we’re looking to help you do!For those completely new to DOGE, and possibly other cryptocurrencies, Dogecoin is a fun cryptocurrency that can be used to transact online.At the moment it’s mostly used to tip people on sites like Reddit though there are some merchants starting to accept it.If you don’t yet have a Dogecoin wallet and need a full primer I suggest you check out our guide to Getting Started With Dogecoin.While it’s certainly doubtful that this Satoshi Nakamoto has any relation to the elusive creator(s) of Bitcoin, the approach piqued my interest.

(more…) Over the past year Litecoin has solidified its place alongside Bitcoin as a viable digital currency.Accompanying increasing prices has been a deluge of new miners hoping to help run the Litecoin network and earn some coins.Traditionally Litecoin mining has been more efficient with Radeon GPUs, but recent improvements in mining software for NVIDIA cards has significantly increased their efficiency.No longer is cryptocurrency mining with graphics cards the sole territory of AMD/ATI/Radeon.So for all you NVIDIA card owners, here’s your guide to mining Litecoin with NVIDIA graphics cards on Windows as well as a brief overview of cryptocurrency mining.(more…) Over the past year well over a hundred new cryptocurrencies have formed, each vying for a place alongside Bitcoin.Yet none have done so with the speed and ferocity that we’ve seen over the last few days from the unexpected newcomer Dogecoin.While part of its meteoric rise may have been due to a comedic push by 4chan, there is now little denying Dogecoin has found a niche with cryptocurrency enthusiasts.

In the wake of an otherwise tumultuous week for cryptocurrencies, the lightheartedness of the Dogecoin community is both entertaining and uplifting.As such I’ve put together a guide on getting started with Dogecoin.(more…) For the last couple of months Bitcoin has been on a tear, and as it grabbed more and more headlines I’ve heard more and more of the same.“I should have bought Bitcoin when you first told me about it, now its at $1,000!”seemed to be an all too common statement.A certain euphoria ensues following these dramatic price increases and more and more people ask where can I get some?(more…) Earlier today a Bitcoin newcomer reportedly received over 22 Bitcoin after holding up a sign with a Bitcoin QR code.In what is one of the most genius demonstrations of the cryptocurrency to date, the Bitcoin enthusiast created and displayed a sign that read “Hi Mom, send ” followed by the Bitcoin symbol.The user, who has thus far only been identified by his reddit username BitcoinPitcher2, had thought that someone might send him a bit as a gag, though the user wasn’t sure the QR code would even be scannable.