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Thursday | January 21, 2021
NVIDIA reportedly sold $175 million of RTX 30 to miners

NVIDIA reportedly sold $175 million of RTX 30 to miners

Nvidia likes the miners of crypto-money?

The huge shortage of graphics cards, and especially Ampere GPUs, will probably go down in history. The chaotic launch of the RTX 30 by Nvidia alone symbolizes all this. However, shortly after this fiasco, Nvidia communicated its annual figures and announced a record figure including GPU sales.

NVIDIA

After very strong growth of 37% in the Gaming segment Most “lambda” customers then asked themselves a simple question: “how could Nvidia sell so many graphic cards when all over the world, no buyer could get their hands on a single card”.

A large quantity of RTX cards directly sold to miners?

The “lambda customer” is not the only one to have asked this question since some financial analysts, seeing Nvidia’s results, even better than expected thanks to the gaming part, wanted to understand how one can sell more without having availability. According to financial analysts at RBC Captial Markets and Barrons, it is likely that NVIDIA has sold at least $175 million worth of GeForce RTX 30 graphics cards directly to major crypto-mining players. This analysis is also taken up by Bitcoin.com, even if we have to admit that it is not really supported. RTX 30 Mining farm

Ethereum 2.0 requires a renewal of miners’ material

The network upgrade of the Ethereum blockchain, also known as Ethereum 2.0, is visibly scheduled for December. The rise in the value of Ether and this transition seems to be pushing miners to switch to more efficient mining equipment. Nvidia’s new Ampere GPU chips are supposed to meet this need, several tests have demonstrated this performance during the launch of the new cards. The fact that NVIDIA sells directly to the big crypto-miners is potentially one of the explanations for the shortage in the consumer market. It also suggests that NVIDIA could have had a better launch offer for its GeForce RTX 30 series. The RTX 3080 and 3090, despite a sharp increase in consumption, would be particularly efficient in mining with a significant jump in profitability.

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Edited by Calliers

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