cryptonomics

Market analysts seem to be seeing only what they want to see when it comes to cryptocurrency mining and GPU demand. When the GPU mining craze started to boom in May, causing a shortage in AMD and NVDA GPUs, analysts were quick to say that it is just a short term craze. When the price of Bitcoin and Ethereum started to fall, they said that there would be a mass selling of GPUs on the second hand market. Ethereum fell about 50% in a few months from a high of .14 BTC ($400) to a low of .069 BTC ($163). Since May, there has been and continues to be a shortage of AMD Radeon RX 470/480/570/580. Even RX 460s and 560s are some what hard to find. The AMD Radeon RX 580 is the best for mining Ethereum. The higher end GPUs (of AMD, since they are better for Ethereum) can work at 25-35 MH/s 1,000 MH/s equals 1 GH/s 1,000 GH/s equals 1 TH/s On June 16, 2017, Ethereum's network was 45.7 TH/s. Today, its network hashrate is 81.9 TH/s One analyst mentioned that trans...

Digital currencies see a light rally. At the time of writing this (08.08.17 3:45 pm PDT): ETH + 11% ZEC + 22% LTC + 6% BCH - 2.8% (Bitcoin Cash has had quite the roller coaster ride, trading between .06-.24 BTC) BTC surpassed its previous ATH of 3,000 USD on Aug 03, currently hovering around 3,400 USD and currently has a market cap of 56 Billion USD the real question is wether the bullish sentiment will hold. Also, there has been chatter of CBOE launching Bitcoin Derivatives (I'm rather psyched about this one) A question for the equities market is will this help boost AMD and NVDA shares since they produce GPUs that are great for mining. Also, I started using Kraken , and I love it. Data pulled from cryptowat.ch  and coinmarketcap.com