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Report: ASIC Miner Manufacturer, BITMAIN, Made More Money Than Nvidia In 2017

Nvidia is leading the GPU market with its range of GPUs and with miners grabbing all the GPUs in the market, one may assume that Nvidia might have made a lot of money with the boom in cryptocurrency, however, reportedly the ASIC Miner, BITMAIN, made more money than Nvidia in 2017.

The report comes from a group called Conservative Estimates who revealed that the ASIC miner manufacturer, BITMAIN, made around $3-4 Billion in profits in 2017 which is way above Nvidia’s $2.91 Billion profits in 2017.

This goes on to show that the cryptocurrency miners are considering all the options to mine cryptocurrency and ASIC miner is their first machine of choice to mine Bitcoin and like.

For those who don’t know, ASIC miner is a computer designed specifically for one task, to mine Cryptocurrency. This machine’s sole function to mine cryptocurrency makes it much more efficient compared to even the most high-end GPUs and CPUs in the market.

However, ASIC Miners can’t mine the Ethereum but reportedly, Bitmain will soon introduce Ethereum ASIC Miners in the market. According to the report, mining giant Bitmain is planning to roll out Ethereum ASIC Miner, Antminer F3.

The rumored Ethereum ASIC Miner will feature 3 motherboards and each of them will be packed with 6 ASICs along with 32 x 1GB DDR3 memory chips that would make a very powerful cryptocurrency miner.

Furthermore, Samsung is also looking to jump into the ASIC mining business and the company has announced that it is manufacturing ASIC chips.

Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However, we are unable to disclose further details regarding our customers.

However, these profits might increase furthermore as Nvidia predicts GPU prices to increase in 2018. the company predicted: “that the pricing in the market will continue to go up through Q3 of this year most likely before we start seeing any type of relief”.