Nvidia is closely following crypto mining developments regarding its graphics cards and is potentially poised to start creating new dedicated GPUs for this purpose again, a move that could help ease the pressure on RTX 3000 product inventories.
This news comes from a conference call with Nvidia CFO Colette Kress, reported by Seeking Alpha, in which the topic of whether cryptocurrency mining has contributed ``significantly'' to RTX sales. 3000, and the huge demand for Ampere GPUs has increased.
Kress noted that: “We do not have visibility into the portion of the final demand for the RTX 30 series coming from mining. So we don't think that's a big part of our business today. The demand for games is very high and we believe it is higher than our current supply. This time is different from what we saw several years ago for several reasons. "
Kress is referring here to the huge spike in demand for cryptocurrency mining in 2018, and this time with Ampere, noting that “inventory levels are now very thin and we have better visibility into this channel's inventory.”
She concludes: “In short, if crypto demand starts or if we see a significant amount, we may as well take this opportunity to reboot the CMP product line to meet continued mining demand.”
In short, what Nvidia is saying here is that it can't be sure of the exact amount of RTX 3000 demand generated by crypto miners, but if the crypto market keeps coming up as a proposition. solid, the production of CMP models could be increased.
CMP refers to cards dedicated to crypto mining, which suppress video outputs (miners don't need them) and can be manufactured (and therefore sold) cheaply, or even in the current climate, any availability. would. probably a point of sale.
While Bitcoin mining may be the province of ASICs, other coins are still mature targets for GPU use for mining operations, most notably Ethereum, which has seen a significant upward trajectory (not quite to the same extent as Bitcoin, but it still rose a lot (in the last crypto explosion).
Stock solution?
Theoretically, if Nvidia re-makes dedicated mining cards, it could alleviate the number of RTX 3000 GPUs potentially purchased for this purpose rather than gaming.
So that would certainly be a good thing, although there is also an argument that miners would probably prefer to buy a full GPU rather than a CMP model anyway, for resale value in the future (e.g. if, or probably when , the crypto bubble explodes with revenge).
Either way, gamers scrambling to buy an RTX 3000 graphics card to take advantage of the latest big releases, and who think crypto demand isn't helping Nvidia's well-documented stock shortage, we've certainly seen some evidence. which suggests that this is the case. - I can expect Nvidia to follow the course of releasing CMP products for minors.
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