ETH is to Blame for GPU Shortage, Nvidia CEO Says

 It’s a real challenge keeping [graphic cards] in the marketplace for games, Jen-Hsun Huang said
28 March 2018   1606

The shortage of Nvidia equipment on the market is caused by the popularity of the company's video cards among the Ethereum cryptocurrency miners. Nvidia CEO Huang Jenxun announced this at the GPU Technology Conference, TehCrunch reports.

The head of the company explained that maintenance of miners is not among the priorities of the company.

[Cryptocurrency] is not our business. Gaming is growing and workstation is growing because of ray tracing.

Jen-Hsun Huang
CEO, Nvidia

Huang also noted that Nvidia's business for the production of high-performance devices is growing, but he doesn't want all of them to accumulate in the hands of the miners.

We’re sold out of many of our high-end SKUs, and so it’s a real challenge keeping [graphic cards] in the marketplace for games. At the highest level the way to think about that is because of the philosophy of cryptocurrency — which is really about taking advantage of distributed high-performance computing   — there are supercomputers in the hands of almost everybody in the world so that no singular force or entity that can control the currency.

Jen-Hsun Huang
CEO, Nvidia

What does Nvidia intend to take to solve this problem?

We have to build a whole lot more. The video supply chain is working really hard, and you know all of our partners are working around the clock. We’ve got to come closer to the demand of the market. And right now, we’re not anywhere near close to that and so we’re just going to have to keep running

Jen-Hsun Huang
CEO​​​​​​​, Nvidia

Earlier it became known that Nvidia is trying to limit the sale of its video cards to the cryptocurrency miners.

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   170

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.