Nvidia Trying To Limit GPU Sale For Miners

According to representative of Nvidia in Germany, gamers are first for the company
22 January 2018   2450

A major GPU manufacturer Nvidia appeared to some European retailers with a request to take measures to limit the sales of video cards that are in high demand among the miners. This is reported by TechSpot with reference to the statement of representatives of the German division of the company.

In particular, the company recommended retailers not to sell more than two video cards for mining in one hand. According to representatives of Nvidia, such a step will avoid a deficit in the market.

For NVIDIA, gamers come first. All activities related to our GeForce product line are targeted at our main audience. To ensure that GeForce gamers continue to have good GeForce graphics card availability in the current situation, we recommend that our trading partners make the appropriate arrangements to meet gamers’ needs as usual.

Boris Böhles

Nvidia Germany

He also noted that the company is concerned about the continued agiotage in the market. The agiotage was provoked by miners who actively buy video cards for mining.

At the same time, the representative of Nvidia stressed that these are only recommendations from the manufacturer. Consequently, the company can not directly monitor sales of video cards.

Meanwhile, despite a marked decrease in the rates of many cryptocurrencies produced on video cards, the prices for devices continue to grow.

GPU Prices
GPU Prices

Nvidia does not have its own factories for the production of semiconductors and, therefore, the company can not increase the production of video cards in the short term.

As noted by ComputerBase, several European retail and online stores have already set the appropriate limits. So, the German retailer Caseking already sells in one hand no more than two video cards. British Overclockers and Scan and at all allow buyers to purchase no more than one top-end video card at a time.

Bitmain IPO Application Deadline to Expire

According to the latest statement, team doesn't lose spirit and appointed new CEO
26 March 2019   84

The application of the Chinese mining company Bitmain to conduct an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEx) expired yesterday, March 25. This is reported by the Cointelegraph.

The company filed an application six months ago, for which it provided financial statements to the HKEx committee. However, during this period, the hearing on the application did not take place.

To re-register an application to HKEx, the company will need to disclose financial statements for the third quarter of 2018.

Today, 26.03.19, Bitmain published a blog post, in which it reported in new CEO Haichao Wang appointment and share some plans.

Bitmain’s listing application to HKex in September 2018 has reached its 6-month expiration date. We do recognize that despite the huge potential of the cryptocurrency and blockchain industry, it remains a relatively young industry which is proving its value. We hope regulatory authorities, media, and the general public can be more inclusive to this young industry. We will restart the listing application work at an appropriate time in the future.

Bitmain Team

In November 2018, an application for an IPO from a mining company Canaan Creative was canceled.