Intel Stock Forecast: Why Intel Should Get Involved In Cryptocurrency Mining

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Intel Stock Forecast: Cryptocurrency Mining with Intel

Summary:

  • Intel and Microsoft are collaborating to bring blockchain framework for enterprise computing. However, Intel still needs to prove its Coco Framework is as efficient as the blockchain transactions used in cryptocurrency.
  • Intel must first demonstrate that it can make an impact on the $150 billion cryptocurrency market before it can impress anyone with its Coco Framework.
  • Intel has licensed GPU IP from Nvidia. Intel owns Nervana Systems which ASIC for its AI processor chip. GPU is best for Ethereum mining. ASIC is best for Bitcoin mining.
  • Nvidia and AMD, the duopoly on discrete GPU sales, enjoy a solid tailwind from cryptocurrency mining.

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Big Data In Banking: Bitcoin, Blockchains, and Big Data

taliTali Soroker is a Financial Analyst at I Know First.
 
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