Source: ARK Disrupt Issue 112: February 19, 2018. By @jwangARK 

Crypto mining has proven so popular that it has caused a worldwide shortage of GPUs, so much so that the WSJ reports that little supply has been left for PC gamers. For example, Nvidia’s GeForce 1080 Ti GPU, which launched last year for $700, now sells for $1,400 online. As a result, Nvidia’s gaming revenue surged 29% on a year over year basis to $1.7 billion during the fourth quarter of last year.

While a boon for Nvidia in the short term, crypto mining may not be a viable source of its revenue in the long term. Ethereum is changing its core algorithm from proof-of-work to proof-of- stake, potentially obviating the need for mining and GPUs. While GPUs will be used to mine other coins, their wild popularity based on Ethereum, the second most valuable cryptoasset today, may prove fleeting.

View original article and other research here.


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Fred Pye

Frederick T. Pye

CHAIRMAN, CHIEF EXECUTIVE OFFICER & DIRECTOR

Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.