Nvidia Trying To Limit GPU Sale For Miners

According to representative of Nvidia in Germany, gamers are first for the company
22 January 2018   1910

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 to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   425

The largest mining company Bitmain has submitted to the Hong Kong Stock Exchange (HKEX) listing application for an initial public offering (IPO), according to CoinDesk.

The application is a draft option, and some of its details, in particular the number of shares offered for sale and the immediate date of the IPO, are still in the process of editing.

Nevertheless, the document indicates that last year Bitmain's revenue was $ 2,517,719,000. This figure is higher than in 2016 ($ 277,612,000). As of June 30, 2018, the company's revenue was $ 2,845,467,000.

The application said that in 2017 the gross profit of the company was $ 1 212.7 million, which is also higher than in 2016 ($ 151,351,000).

Earlier, the head of Bitmain, Jihan Wu, expressed his indignation over the actions of the company's chief financial officer, who disclosed the figures for the first quarter 60 days after his end, and not after 90, as he had expected.

The media suggested that in the run-up to the IPO the publication of such information could have a negative effect on the company's investment attractiveness.

In addition, the document confirmed the media's information that Bitmain owns a 3% stake in Opera's Internet browser thanks to an investment of $ 50 million.

The application also indicates that the underwriters of the IPO are China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost & Sulliva