GPU shortage shows miners are a big market for AMD&Nvidia

The mining market is a massive market for GPU makers

Since December last year, all Nvidia and AMD graphics cards have been out of stock and anyone that wants to buy one will have to pay hundreds of Dollars more than the original price. The shortage is happening because of crypto mining. Since mining blew up a while back many have been buying graphics cards so they can get some cryptocurrencies. To be able to mine cryptocurrencies and earn a good profit will have to use a lot more than two GPUs. Gamers need two GPUs anything more will decrease performance or will not be used in PC games. When mining blew up GPU demand grew fast and GPU makers weren’t ready for the demand. AMD and Nvidia both sold very well this quarter because of miners.

In an interview with Polygon Nvidia said, “cryptocurrency accounted for a higher percentage of revenue than the previous quarter.” Nvidia also said, “The demand is great, and it’s very likely the demand will remain great as we look through this quarter.” Right now we don’t know how well AMD did this quarter but they probably did very well considering that all of their graphics cards are sold out right now. There have been rumors that Nvidia is making a line up of graphics cards for miners. Miners don’t want smooth frame rates or 4k support all they need is a graphics card with low power consumption and a good hash rate. As of right now neither Nvidia or AMD released a GPU for mining but there are rumors that Nvidia’s mining GPU is getting announced next month. The company that releases GPU for miners that is better than the GPUs currently used first will get a big profit that quarter; if they could deliver on the demand. Since there is a massive GPU shortage happening the company that gets the new line up of GPUs or resupply the GPUs back into the market first they will get a lot of sales for a while.

Tags and Keywords:
Technology, Video Games, Cryptomining, GPU, Cryptomining GPU market, amd, nvidia, nvda

Ali F
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