Friday, January 15th 2021
NVIDIA Evaluates Cryptocurrency Mining GPU Production
During the 19th Annual J.P. Morgan Tech/Auto Forum Conference, NVIDIA has talked about the possibility of special graphics cards dedicated to mining purposes. The special edition crypto mining GPU is a form of graphics card that has no display outputs, and possibly a few defective texture units. Usually, GPUs that end up with defective texture units end up as waste, however, as crypto mining requires only the compute element from the GPU, these products could be rebranded as mining GPUs. But, it seems like NVIDIA is currently somewhere in the middle ground and weighing in whatever the company sees something like that as a feasible option.
During the conference, NVIDIA's Colette Kress, a chief financial officer, had said a few things about the possible production of GPUs dedicated to crypto mining. "If crypto demand begins or if we see a meaningful amount, we can also use that opportunity to restart the CMP [mining-specific GPUs] product line to address ongoing mining demand," said Ms. Kress. She added that "We [NVIDIA] don't have visibility on how much of the GeForce RTX 30-series end demand comes from mining. So, we don't believe it's a big part of our business today. Gaming demand is very strong, and we think that's larger than our current supply." And that is an understandable thing. Right now crypto mining is hot because of Bitcoin's price, however, NVIDIA can't predict if it will crash a lot or not, so the company doesn't want to risk starting a big production for something that can burst like a bubble.
Source:
Tom's Hardware
During the conference, NVIDIA's Colette Kress, a chief financial officer, had said a few things about the possible production of GPUs dedicated to crypto mining. "If crypto demand begins or if we see a meaningful amount, we can also use that opportunity to restart the CMP [mining-specific GPUs] product line to address ongoing mining demand," said Ms. Kress. She added that "We [NVIDIA] don't have visibility on how much of the GeForce RTX 30-series end demand comes from mining. So, we don't believe it's a big part of our business today. Gaming demand is very strong, and we think that's larger than our current supply." And that is an understandable thing. Right now crypto mining is hot because of Bitcoin's price, however, NVIDIA can't predict if it will crash a lot or not, so the company doesn't want to risk starting a big production for something that can burst like a bubble.
60 Comments on NVIDIA Evaluates Cryptocurrency Mining GPU Production
I'm not a miner so I don't really know...
@Spencer LeBlanc bitcoin has been GPU pointless for years and is ASIC only, but altcoins like Ethereum and Monero are made for GPU and actually work(the Devs change the algorithm etc occasionally) to mitigate ASIC use.
I almost clearly remember that both AMD and NVidia said they would make dedicated cards without display outputs for this.
"It's being said that NVIDIA decided (smartly, I would say) to ensure consistent supply of their existing lineup to sate demand, instead of dispersing its limited chip production across even more product lines."
too high and they are left with stock on their hands.. too low and they cant meet demand..
also nvidia have a duty to their shareholders.. that duty is to make as much profit for them as they can..
quite where this idea of a fair price comes from i havnt a clue..
also quite clearly being as cards are unavailable (nvidia cant meet demand) the price has been set far too low..
there are some things in life that cant be changed..
trog
Thanks to digital currency and AMD and Nvidia, terrorists can freely send money to each other
www.financemagnates.com/fm-home/mobs-who-stormed-the-capitol-received-bitcoin-donation-from-france/
Thus that has always been a lame argument, IMO. It will limit freedom, while acomplishing nothing. Crypto does have its uses, even if it's largely hated here due to the obvious GPU-absorbing impact it tends to have.and 2016 before it.
Crypto doesn't "pop" really as much as have bull and bear markets these days. It's proven time and again that it can come back, so "pop" is the wrong term, as it's clearly not a bubble anymore, but a functioning market.
Seems more like another lame attempt at demonising Crypto currencies, again.
1- Love to win money without working, either by buying crypto currencies and/or by gpu minning
2- Doing money laundry
3- Outlaw or terrorist
and these are enough reasons to get it banned
What's next, we're gonna ban Wall Street? Actually, I'm not opposed to that idea, come to think of it.
And you do work when you mine with your GPU, you invest your time, hardware and electricity for a reward. Are regular ol' company investors unemployed in your eyes, because what they do requires no physical work?Hahaha, and crypto is the only currency where that's possible?That's based on what? Because I use my GPU to do math and get paid for it I suddenly want to blow up the Freedom Tower and murder people?
and by the way you are avioding tax too, so everything about it is just illegal
I can do math without burning the planet, but it's a bit hard for a human to do 256-bit hashes by hand. I don't know about you, but I can't do 60MH/s without the aid of an electronic device. So for now, I'll continue using my GPU as much as I want.
Also, most of our energy is clean (94% renewables) so I'm not too bummed if I was using a bit more electricity. But, I actually use just as much as I would otherwise, since I no longer have to run heating ovens during the winter (GPUs are about as efficient as a normal radiator in terms of electricity to heat conversion). So in fact I'm actually not polluting any more than I would otherwise.
Last thing I did with crypto was buy an EVGA z270 mobo from newegg... I could probably find a way to use it in a bomb if you'd like, though.
you think you are making profit on the short turn but on the long run you are definitely losing and making other people lose too