• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: Billionaire VC Tim Draper Tells Businesses To Keep Payroll In Bitcoin
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Billionaire VC Tim Draper Tells Businesses To Keep Payroll In Bitcoin
Nvidia logo
Advertisement

NVIDIA Ramping up GPU Production to Meet Demand

Matthew Hrones by Matthew Hrones
5 years ago
in News, Hardware, Mining, News teaser
0
Advertisement

NVIDIA’s miners have been in low supply as of late as cryptocurrency mining operations are snatching up any GPU they can find. NVIDIA has stated their intent to meet the current market demand.


Millions of GPUs Sold to Miners

When Bitcoin was first released, it was possible for anyone to mine on the network and make a bit of a profit. But once ASICs hit the scene, that dream was over. ASICs are hundreds of times more efficient at performing the calculations needed for mining. Some altcoins tout ASIC resistance as a key feature, meaning that people can mine on those networks with consumer-grade hardware. However, since the altcoin boom at the beginning of 2017, it has been very profitable to mine these ASIC-resistant coins.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

cryptocurrency

The same piece of hardware sought after by gamers looking for extra power in their gaming rig can be used to mine cryptocurrencies such as Monero and Ethereum, along with dozens of others. This demand led to a massive shortage in GPUs that could be felt worldwide. Prices for the hardware spiked well above MSRP. NVIDIA, a leading producer of GPUs in the US, had a good year despite the backlog of orders. The tech company’s price has spiked 120% since early last year, no doubt in correlation with the mining craze. It sat at a mere $14 when BTC launched.

Despite three million GPUs getting shipped to miners, totaling $776 million dollars in sales across the industry, the actual number of cards getting produced has been decreasing.  Overall GPU shipments have decreased by 1.5% in Q4 2017 alone and 4.8% since the beginning of last year. Other cutting-edge areas of technology, such as machine learning and AI research, also rely on the use of high-powered processors to handle the swaths of data they are constantly trying to handle and have been left out in the cold.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

GPUs

Rising to Meet Demand

NVIDA CEO Jensen Huang is not 100% happy about the booming sales, however. With miners buying GPUs in bulk to build their farms, gamers and developers looking to take advantage of graphics cards often find themselves out of luck. Huang commented on this during an interview with TechCrunch, saying:

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.

As cryptocurrencies increase in popularity, it’s expected the demand for top-grade hardware will increase as well. Demand for GPUs from the Artificial Intelligence community will be cranking up the scarcity as researchers continue to make huge strides in the field. Unfortunately, gamers everywhere may have to wait a little longer to play PUBG on high graphics.

Have you been affected by the increasing prices of GPUs? How do you think the market for hardware will evolve this year? Let us know in the comments below!


Images courtesy of Pexels and Newegg.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Matthew Hrones

Matthew Hrones

I'm a computer science student with heavy interest in cryptocurrencies and decentralized systems. I've been writing since the June 2017, and hope to become more involved in the community as time goes on

Related Posts

Nasdaq

Nasdaq Targets Mid-2023 For Crypto Custody Launch

8 hours ago
Crypto.Com Became The10th Largest BONE Holder

Crypto.Com Became The10th Largest BONE Holder

3 days ago
Hong Kong

Hong Kong Set To Welcome Prominent Crypto Data Firm

1 week ago
crypto conference the alliance

Crypto.ro Announces “The Alliance,” a Highly Anticipated Crypto Conference in 2023

1 week ago
Authorities Uncover A Hidden Crypto Mine Under A School

Authorities Uncover Crypto Mine Hidden Under A School

4 weeks ago
New bill favours crypto miners

Montana State Senate Passes New Bill To Protect Crypto Miners’ Rights

4 weeks ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • Tokens To Watch In Q2 2023: Aptos (APT), Optimism (OP) And...

    2 hours ago
  • Market Experts Predict Big: TMS Network (TMSN) Will Beat...

    3 hours ago
  • XRP Price Breaks Out Of Multi-Year Wedge: XRP Price...

    5 hours ago
  • Is it the right time to ditch Solana (SOL), Shiba Inu...

    6 hours ago
  • Top 6 DeFi Tokens to Buy for Big Profits in 2023

    21 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.