Home Coins Ethereum (ETH) Nvidia could make crypto mining GPUs again if there’s demand, says CFO

Nvidia could make crypto mining GPUs again if there’s demand, says CFO

- Advertisement - IQ Option CPA

AliExpress WW

Chipmaker Nvidia could restart manufacturing dedicated crypto mining GPUs (graphics processing units) if there is demand, according to its CFO Colette Kress. 

Speaking at a conference last week, Kress said, “if crypto demand begins or if we see a meaningful amount, we can also use that opportunity to restart the CMP product line to address ongoing mining demand.” CMP refers to dedicated crypto-mining cards, which remove the video outputs that are needed for gamers. 

At present, Nvidia isn’t sure how much demand is coming from crypto miners, although an RBC analyst recently estimated that the company sold $175 million worth of the Ampere GPUs to ether (ETH) miners. 

“We don’t have visibility on how much of the RTX 30 Series end demand comes from mining,” said Kress. “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.”

GPUs are more commonly used for mining coins such as ETH, while bitcoin is mined via application-specific integrated circuit (ASIC) chips.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

AliExpress WW

Source link

- Advertisement - IQ Option CPA
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
469FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,558FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.21
GBP
1.40
CHF
1.09
NOK
0.12
JPY
0.01
CAD
0.79
AUD
0.78

Most Popular

bitcoin
Bitcoin (BTC) $ 49,932.00
ethereum
Ethereum (ETH) $ 1,570.24
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 521.39
litecoin
Litecoin (LTC) $ 188.32
eos
EOS (EOS) $ 3.85
okb
OKB (OKB) $ 18.23
tezos
Tezos (XTZ) $ 3.85
leo-token
LEO Token (LEO) $ 1.91
cardano
Cardano (ADA) $ 1.20
monero
Monero (XMR) $ 218.65
stellar
Stellar (XLM) $ 0.419971
chainlink
Chainlink (LINK) $ 29.65
huobi-token
Huobi Token (HT) $ 17.06
tron
TRON (TRX) $ 0.051616
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 222.00
neo
NEO (NEO) $ 39.68
iota
IOTA (MIOTA) $ 1.21
nem
NEM (XEM) $ 0.747457
zcash
Zcash (ZEC) $ 125.39
maker
Maker (MKR) $ 2,179.02
paxos-standard
Paxos Standard (PAX) $ 1.01
ethereum-classic
Ethereum Classic (ETC) $ 11.46
vechain
VeChain (VET) $ 0.052745
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 31.08
kucoin-shares
KuCoin Token (KCS) $ 4.73
waves
Waves (WAVES) $ 9.79