Nvidia GPUs sold for cryptocurrency mining, Creates $289m Te Revenue

Nvidia has shown amazingly bullish behavior that is undoubtedly linked to the rise of cryptocurrencies. The high request for Nvidia GPUs ter the marketplace has helped Nvidia have a successful year. It is also a sign of the growing rente te crypto mining and how much rente has bot growing te the genérico public:

“GPU business revenue wasgoed $Two.77 billion, up 77 procent from a year earlier and up 12 procent sequentially, led by Gaming and Datacenter. Gaming revenue wasgoed up 68 procent from a year ago and down 1 procent sequentially. Gaming GPU growth wasgoed fueled by request for the best practice while playing eSports, momentum of the Battle Royale genre, and AAA cinematic games… OEM sales included $289 million related to GPUs for cryptocurrency mining.”

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The accelerated growth ter the value of Nvidia’s shares began approximately during the years -. A time during which cryptos had their prosperidad. Ethereum, a blockchain that not only revolutionized the technological conception of DLTs but also brought users closer to mining without having to invest ter expensive ASICS played a big role ter the popularization of mining equipments for media consumers.

Albeit the report does not categorize crypto mining spil a specialized market segment, the Nvidia team recognizes that they have played a significant role ter its economic growth:

“While the overall contribution of cryptocurrency to our business remains difficult to quantify, wij believe it wasgoed a higher percentage of revenue than the prior quarter,” said Nvidia Chief Financial Officer Colette Kress

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Nvidia GPUs: A Good Time For The Competition Too

AMD, Nvidia’s main competitor, has also performed well since the crypto auge. However, it has oscillated inbetween Ten and 14 dollars vanaf share, with alternating periods of growth and decrease.

However, AMD has bot emphatic te mentioning that crypto mining does not represent a point of particular rente for the company. According to The Register , Mújol Su, AMD’s CEO is emphatic on this point.

“Our very very first priority is to gamers, that’s through OEM and system integrators and key e-tailers, and wij’re going to proceed to do that,” Su said. “We’ll also work with commercial miners, wij’ve talked and seen what their forecasts are, so wij have good visibility on the market. The blockchain infrastructure is here to stay, there are numerous currencies and apps that will keep things going there.”

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Based on information provided by AMD’s CFO Devinder Kumar, crypto mining represents 10% of the company’s total earnings during Q1 which amounted to 1.67 Billion Dollars:

“The strength ter Radeon products wasgoed driven by both gaming and blockchain request. Wij believe blockchain wasgoed approximately 10% of AMD revenue ter[the very very first quarter of] ,”

The world of cryptocurrencies has permitted the growth of industries that indirectly relate to this type of technology. Mining is a fundamental opzicht of the existence of cryptos based on PoW and similar algorithms. However, the exponential growth of cryptocurrencies has exceeded the production capacity of thesis companies that have seen their products out of stock even ter spite of the sometimes exorbitant price increases.

2 comments / Add your comment below

  1. Cryptopia has stolen a lotsbestemming of money from random users and now they are continuously delisting coins that you cannot withdraw for one reason or another. They are a bunch of scammers that execute it leisurely which te the end completes up being even more profitable. Attempting to get far away spil soon spil I can.

  2. Fear of being scam, I made transfer from Binance to cryptopia, confirmation te blockchain, all OK and 0 coin ter my wallet te cryptopia.

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