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