Read our latest article Cryptocurrency News November 2017 in order to learn about the most important updates for cryptocurrencies and cryptocurrency mining equipment!
Beyond any doubt, it is an important month for Bitcoin for several reasons. Bitcoin added $41 billion to the market cap and hit an all-time high of $7,998.40 on November 17, 2017. Two previous forks have already happened earlier this year, leading to the creation of Bitcoin Cash and Bitcoin Gold. Bitcoin Gold blockchain was launched on November 12, 2017 by the developers that created the fork. The team backing this project made the announcement earlier this month in their blog post and added:
“We are extremely grateful for the community around the world who have been contributing hash power to our testnets; besides patiently testing their own mining process, they allow exchanges, pools, wallet developers, and all other service operators to implement and test their support of BTG so that the Bitcoin Gold community can have a full suite of services at launch time. Thank you to all those who have donated their hash power to this effort! We’d also like to extend our gratitude to all those service providers who have been working so hard with us to prepare a fully functional ecosystem at launch.”
News from cryptocurrency mining hardware manufacturers
There are also important news from two big Graphics Processing Unit (GPU) producers Nvidia and AMD. On November 9, 2017, Nvidia released its third-quarter results and it is noted that revenue for cryptocurrency mining-related products was dropped to $70 million, from $150 million during the second quarter. The company’s chief executive officer, Jen-Hsun Huang, suggested that this decline was mainly caused by an up-and-down market that is susceptible to shifting demand. On the other hand, AMD reported a 74% increase in the third quarter of 2017, compared to previous quarter. The increase in the sales of the Vega 56 and Vega 64 was especially noted in this quarter.