Nvidia May Produce GPUs for Crypto Mining Again

The company already sold $175 million USD’s worth of GPUs to ETH miners.

By
Tech
6,374 Hypes 5 Comments

Nvidia has expressed interest in producing GPUs again for cryptocurrency miners if there’s a demand for them.

Speaking about its CMP offerings — dedicated crypto mining GPUs that exclude video outputs normally featured on conventional graphics cards — Nvidia’s CFO Colette 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.”

However, Kress continued by saying that there’s no clear indication of significant demand from mining for now so their main target audience remains to be gamers. “We don’t have visibility on how much of the RTX 30 Series end demand comes from mining,” she said. “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.” That said, analysts estimated that Nvidia has already made $175 million USD by selling Ampere GPUs to ether (ETH) miners.

In other tech news, Apple is reportedly redesigning the iMac.

Read Full Article

What to Read Next

Nike's Latest Air Max 97 Is Steeped In a Rich "Coffee" Colorway
Footwear

Nike's Latest Air Max 97 Is Steeped In a Rich "Coffee" Colorway

A delicate roast for coffee lovers.

Jeni’s Splendid Ice Creams Creates Everything Bagel Ice Cream for Breakfast
Food & Beverage

Jeni’s Splendid Ice Creams Creates Everything Bagel Ice Cream for Breakfast

Savory elements accent a subtly sweet cream cheese base.

The Price of 'Cyberpunk 2077' Nosedives to Just $30 USD
Gaming

The Price of 'Cyberpunk 2077' Nosedives to Just $30 USD

The deal might not stick around for too long.


'Hitman 3' Launch Trailer Teases Exciting and Dramatic Trilogy Finale
Gaming

'Hitman 3' Launch Trailer Teases Exciting and Dramatic Trilogy Finale

Boasting six stunning locations and an endless amount of disguises and assassination methods.

Brooklyn Nets' Kyrie Irving Bought George Floyd's Family a House
Sports

Brooklyn Nets' Kyrie Irving Bought George Floyd's Family a House

Former NBA player Stephen Jackson confirms in “The Rematch” podcast.

The Air Jordan 1 High Zoom CMFT is Coming in "White Light Bone"
Footwear

The Air Jordan 1 High Zoom CMFT is Coming in "White Light Bone"

Defined by a contrast design and mesh details.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.