Nvidia may resume production of specialized graphics cards for mining

Nvidia May Resume Production of Specialized GPUs for Mining

Nvidia CFO Colette Kress said the company could resume production of its line of mining graphics cards if there is sufficient demand..

Speaking at the JP Morgan Tech conference, she stated that CMP GPUs will only hit the market if miners account for a significant share of purchases. The company does not have accurate data on how customers use the purchased graphics cards, but believes that the lion’s share of demand continues to be provided by gamers..

Colette Kress also said that Nvidia estimates that demand for the company’s products currently exceeds supply. However, it does not exclude that the growing popularity of cryptocurrencies can change the situation, and then the manufacturer will reconsider its policy.

Nvidia may resume production of specialized graphics cards for mining

According to analyst Barron’s, only for third quarter of 2020 Nvidia earned $ 175 million selling standard graphics cards to Ethereum miners (ETH). However, CMP GPUs are a more attractive option for mining digital currencies as they are cheaper due to the lack of ports required for gamers..

text: Ivan Malichenko, photo: Shutterstock

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