Nvidia Trying To Limit GPU Sale For Miners

According to representative of Nvidia in Germany, gamers are first for the company
22 January 2018   1125

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.

Nvidia to Unveil Mining GPUs Sales Profit

In the first quarter of the fiscal year 2019, miners brought to the giant $ 289 million in profit
11 May 2018   122

Nvidia Corporation published data on revenues from the sales of video cards for the production of crypto-currencies for the first time. So, in the first quarter of the fiscal year 2019, miners brought to the giant $ 289 million in profit. At the same time, the company expects that this figure will become much smaller in the second quarter, Bloomberg reports.

For example, during a group call on revenue, Nvidia CEO Huang Jenxun noted that the demand for video cards for mining was higher than expected, but the company believes that in future the number of GPUs bought by miners will decrease by about two-thirds.

Crypto miners bought a lot of our GPUs in the quarter and it drove prices up. I think that a lot of gamers weren’t able to buy into the new GeForce as a result.

Jensen Huang

Chief Executive Officer, Nvidia

The mining GPUs sales profit of Nvidia, was higher than that predicted by analysts. For example, Christopher Rolland of Susquehanna predicted that the corporation will earn about $ 200 million on video cards for the production of cryptocurrency.

Earlier, the head of Nvidia, Huang Jensen, said that, despite the pressure from regulators, cryptocurrencies will be popular for many more years. At the same time, according to a study by analyst firm Jon Peddie Research, the cryptocurrency alaquotes helped AMD reduce the market gap from Nvidia and secured 10% of the company's profit in the first quarter of 2018.