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   1898

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.

Argo Blockchain to Report on x10 Revenue Increase

For the 2019, the company received Bitcoin mining revenue of £ 8.5 million, in 2018 it was £ 760,000
20 January 2020   80

Bitcoin mining company Argo Blockchain said this Monday that its revenue from its core business in 2019 increased 10 times. According to a press release on the website of the London Stock Exchange (LSE), where Argo shares are traded, for the first full year in business, the company received revenue of £ 8.5 million compared to £ 760,000 in 2018.

Argo listing on the main LSE market took place in August 2018. The data presented were not audited - the reports after the audit will be available in April.

The company clarifies that in the fourth quarter of 2019, it mined 432 bitcoins, which is six bitcoins higher than in the third quarter. However, in the last quarter, the company's revenue fell to £ 2.66 million, while in the third quarter it was £ 3.63 million.

Our mining operations continued to generate industry-best mining margin in the last quarter despite a softening in market conditions from the previous quarter. Our state-of-the-art mining platform is performing as expected and with the expansion of our mining network on pace, along with the recent rise with the price of Bitcoin, Argo is well-placed for a strong year ahead.


Peter Wall

Argo Blockchain CEO

 The company is increasing mining capacity in anticipation of halving and currently has 13,364 devices, including 6,375 Bitmain Antminer T17s, which were installed on January 1. By the end of the quarter, Argo intends to add another 3,625 of the same miners. It is estimated that with a full set of 17,000 devices, its computing capacity will exceed 650 petaheches.