Nvidia is the first to announce a $10 million bitcoin mining hardware chip, with a custom-designed ASIC from a company based in the United States.
The company said it will start selling the chip in late February, and it’s a customized version of Nvidia’s existing mining chip, which was unveiled in January.
The new chip will run on a customized variant of Nvidia Tesla GPUs and be compatible with Nvidia’s upcoming Pascal graphics architecture.
The Nvidia Pascal GPU will be Nvidia’s first GPU built on the new Pascal architecture, according to a press release from the company.
The chip will be designed to run at speeds up to 2.5 times faster than the existing Tesla GPUs.
Nvidia’s new chip is also designed to work on a range of ASICs, including Nvidia’s current GPU lineup and Nvidia’s next-generation GPU-accelerated ASIC.
The new chip has been designed to be compatible in both ASICs and GPUs.
The company said the chip will work with ASICs built on Nvidia’s Pascal chipsets, but will not be compatible.
It’s unclear how much the chip’s custom design will cost, or whether Nvidia plans to offer it in bulk, according the release.
The chip will likely be available in the first half of the year.
Niantic’s announcement comes as a surprise to some of the tech press, who have been saying for weeks that the company was planning to release a new version of its cryptocurrency mining software.
The software, which Nvidia called Monongahela in October, was designed to use the latest mining technology and is already used by many cryptocurrency miners.
It was the last major competitor to Monongaheas mining performance.
Niantic initially said the software would not be released for the first six months of 2017, but the company announced the software’s availability on January 4.
That was after Niantics CEO John Hanke announced the company’s plan to launch a new mining program aimed at bitcoin.
The Niantico project has had a rocky start.
In October, it was revealed that a group of cryptocurrency miners had attempted to hack the company, and that they were trying to steal data from the network.
Hanke said the miners were trying “to steal bitcoin, and we can’t let that happen.”
Hanke said that he was disappointed with the group of miners’ attempt to hack Nianticon, and he said they’d be fired if they attempted to do it again.
A spokesperson for Niantica did not respond to a request for comment about the company shutting down the mining program, but Hanke later clarified that Niantican had been hacked.
Niptic was later forced to shut down the program, and Hanke was later terminated.
Niptic’s mining program has also been plagued with a number of bugs and issues, including a software flaw that allowed miners to gain control of nodes running the software.
In April, the company said that it was working on fixes, but did not release them until June.
Hanke also recently resigned from Niantiks board, and the company also announced that it would close the company and merge with another company.
It’s unclear if the new Nianticus mining program will be included in that merge.
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