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   300

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.

South Korea to Toughen Mining Chip Import Rules

Mining chips will have to meet legal requirement for importation, such as safety and sanitation certifications
19 April 2018   123

In South Korea, foreign-made crypto mining chips import rules can be complicated in the near future.

As reported by CoinDesk with reference to the statement of the Korean Customs Service (KCS) the government agency added mining chips to the list of goods that must meet certain criteria established by the current legislation for importation into the country, including certificates of security.

New requirements were introduced after the customs service discovered an increase in the number of mining chips imported into the country. So, in November and December last year, according to KCS, 454 mining chips were imported to the country for a total of 1.3 billion won ($ 1.2 million).

Since the mining devices consume a significant amount of electricity and produce a lot of heat, their operation is associated with an increased risk of fires.

To neutralize these risks, the service will monitor the safety of imported devices in accordance with the requirements established by the National Radio Agency.