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| September 23, 2018

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How two college friends rejected corporate careers to launch a start-up that makes anti-radiation cases

September 2, 2018 |

Cary Subel and Alaey Kumar, both 28, are the founders of SafeSleeve, a start-up that makes laptop and smartphone cases to protect users from electromagnetic radiation. The two got the idea as engineering students at Cal Poly San Luis Obispo. Seven years later, SafeSleeve employs 10 people in its…


L.A. Times – Business

Mining Round-Up: Nvidia Shares Drop, College Students Mine on Campus

August 17, 2018 |

Mining Round-Up: Nvidia Shares Drop, College Students Mine on Campus

In recent news pertaining to cryptocurrency mining, Nvidia has witnessed a drop in its share price after announcing an unexpectedly modest earnings outlook – partly driven by reduced demand for mining hardware. Also, the World Digital Mining Summit has been scheduled for late September in Tbilisi, Georgia, and reports continue to surface detailing opportunistic students using college electricity to mine crypto.

Also Read: Chinese Courts Face Hundreds of Crypto Cases, Struggle with Rulings

Nvidia Shares Drop After Reduced Crypto Sales Fuel Declining Profits in Q2

The price of Nvidia stock fell by 6 percent on Thursday following the announcement of lower-than-expected revenue guidance. Despite the bearish response, the company reported better-than-expected earnings. As of this writing, Nvidia’s shares are valued at $ 247.25 USD each.

Nvidia announced revenue projections of $ 3.25 billion for Q3 of 2019 – roughly 2.7% less than analyst estimates of 3.34 billion for the third quarter, according to Thomson Reuters.

Nvidia posted earnings of $ 1.76 per share, excluding certain items, up from earnings of $ 1.66 per share that was anticipated by analysts, and revenue of $ 3.12 billion – up from an expected revenue of $ 3.10 billion. Nvidia’s revenue grew by 40 percent year-over-year for Q2 2018.

Whilst the company’s data center and automotive segments exceeded revenue prediction, the company’s revenues associated with products and intellectual property pertaining to cryptocurrency mining ($ 116 million) were 70 percent lower than those anticipated ($ 188 million).

Colette Kress, the executive vice president and chief financial officer of Nvidia, stated: “Our revenue outlook had anticipated cryptocurrency-specific products declining to approximately $ 100 million while actual crypto-specific product revenue was $ 18 million, and we now expect a negligible contribution going forward.”

The company’s chief executive officer, Jensen Huang, stated: “We benefited in the last several quarters from an unusual lift from crypto, but at this time, we consider it to be immaterial for the second half” of the financial year.

Mining Summit in Georgia Set to Take Place Next Month

The 2018 World Digital Mining Summit will take place in Tbilisi, Georgia next month.

The conference, which will be held from the 21st until the 23rd of September, will feature “30+ speakers, 50+ mining companies, and 1000+ attendees.” The CEO of Bitmain, Jihan Wu, and the CEO of Bitkan, Yu Fang, will be among the conference attendees.

Opportunistic Students Mine Crypto Using College Power

Patrick Cines, a graduate of Penn State College in 2017, has recounted his story of mining cryptocurrency using campus electricity.

“I had basically a box, maybe a foot and a half by a foot and a half tall. It was sitting in, right at the foot of my bed. Had several graphics cards,” said Cines. “It felt like passive income because when you’re at school, when you’re taking an exam or you’re doing your homework, you’re prepping or going to student meetings, it’s still back in your dorm room making money for you.”

Initially, Mr. Cines describes the heat produced by his mining rigs as being “unbearable,” adding “ I had fans running, I had the window open. The first day I was living there, [I] went to Home Depot, bought some dryer tubes, strapped them to the front, and used that to push all the hot air outside of my room.”

Are you surprised by the drop in Nvidia’s share price? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Mining Round-Up: Nvidia Shares Drop, College Students Mine on Campus appeared first on Bitcoin News.

Bitcoin News

Kevin Hart Surprises 18 Kids With College Scholarships

August 8, 2018 |

Kevin Hart has surprised 18 students with scholarships to college totaling $ 600,000. Per the Philadelphia Inquirer , the comedian’s Help from the Hart Charity has teamed up with the United Negro College Fund and the Knowledge is Power Program to help students from eight US cities who are attending 11…
Newser

Defunct for-profit college firm ITT’s former executives settle fraud charges

July 11, 2018 |

Former top executives at ITT Educational Services, the parent company of defunct ITT Technical Institute, have settled fraud charges with the Securities and Exchange Commission, avoiding a trial that was slated to begin Monday.

A judgment order entered Friday puts to rest civil fraud charges filed…


L.A. Times – Business

Nearly 35,000 former Corinthian College students in California will see debt relief

June 18, 2018 |

Almost 35,000 former Corinthian College students in California will have the remainder of their private loan balances forgiven and some may receive payment refunds after an investigation by the state attorney general’s office said a loan company engaged in illegal debt-collection practices.

Forgiveness…


L.A. Times – Business

CNN

Shot and left for dead by the Taliban, ‘Afghanistan’s Malala’ just graduated college

June 17, 2018 |

Breshna Musazai leaned on her brother as she climbed out of her wheelchair and up the stairs of the graduation stage at the American University of Afghanistan. With polio in one leg and injuries from a Taliban attack in the other, the climb was difficult. She heard cheers from behind her.
CNN.com – RSS Channel – World

Why settling for a subpar job after college can hurt your career for years

June 16, 2018 |

Since graduating from college last month, Gabriel Villagomez has been polishing his resume, updating his LinkedIn profile — and worrying.

Sure, the job market looks promising for new graduates. And Villagomez, who plans to apply to medical school, just needs a job to hold him over for a year or…


L.A. Times – Business

John Stossel: What everyone’s afraid to say about college and jobs

May 30, 2018 |

Today, all Americans are told, “Go to college!” President Obama said, “College graduation has never been more valuable.”
FOX News

Commencement speaker at all-women’s college blasted for criticizing #MeToo movement

May 17, 2018 |

A commencement speaker at a Virginia all-women’s college upset students and alumni for her criticism of the #MeToo movement Saturday, according to a report from Inside Higher Ed.
FOX News