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   593

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.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.