[News] Nvidia thinks that cryptocurrencies not worth making changes

[StyM]

https://www.fudzilla.com/news/graphi...making-changes

While AMD is starting to make more products available to meet the demand for GPU cryptocurrency mining operations, Nvidia thinks that the craze will be flat soon.

While Nvidia admits that a big chunk of the cash it made last year was due to the cryptocurrency miners, it does not think that the boom will last and it is not worth ending up with an inventory of cards when the bubble bursts.

Nvidia chief financial officer Colette Kress told investors during its earnings call that strong demand in the cryptocurrency market exceeded Nvidia's expectations.

"We met some of this demand with a dedicated board in our OEM business, and some was met with our gaming GPUs." But Nvidia is having trouble keeping up with the demand, and it's recommended retailers put gamers ahead of cryptocurrency miners while supply is limited.

Kress acknowledged the shortage on the call and reaffirmed Nvidia's commitment to gamers. "While the overall contribution of cryptocurrency to our business remains hard to quantify, we believe it was a higher percentage of revenue than the prior quarter, she said.

"That said, our main focus remains on our core gaming market as cryptocurrency trends will likely remain volatile."

Jensen Huang, Nvidia's chief executive officer, insisted that crypto demand will be approximately flat.

[screwtech02]

I.E, we will continue to allow retailers to ANALLY FLEECE the public trying to purchase a decent gaming GPU until further notice.....

[Particle]

I.E, we will continue to allow retailers to ANALLY FLEECE the public trying to purchase a decent gaming GPU until further notice.....

It's worth noting that within the United States a manufacturer has no legal authority to compel retailers to follow a particular price structure. As such, "we will continue to allow" is sort of misleading.

[BenchZowner]

Sounds like one of the following:

a) A blank statement, a white lie, to make gamers feel happier and not think badly of you for supporting mining
b) a stupid statement, since there's always room for profits from mining, as long as the OPERATIONAL COST < EARNINGS then MINING = CONTINUES