[2017-08-13] Nivida To Focus More On Cryptocurrency Mining Market

[tyz]

Nivida To Focus More On Cryptocurrency Mining Market

Since the beginning of 2017, the cryptocurrency market has grown at an enormous rate. In late 2016 the total market capitalization of the cryptocurrency market was a respectable $14 billion and in the months since has climbed a record-setting $135 billion as of this writing!

Bitcoin and Ethereum prices spiked to their ATH (all time high) and mining became profitable for individuals and miners rushed to purchase as many graphic cards as possible in order to profit from the surging prices of both Bitcoin and Ethereum.

The mining rush was so severe, that it even caused a national shortage of graphics cards in Russia. The graphics cards shortages made manufacturers like Nvidia and AMD realize that there is another profitable market for graphics cards, and that’s the cryptocurrency mining market.

http://bitcoinist.com/nvidia-to-focus-more-on-cryptocurrency-mining-market/

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[Xavofat]

Cryptocurrency mining isn't particularly subjective when it comes to what the most profitable device to buy is.  There's only three factors:  speed, electricity and price.  

If just one major GPU company starts producing devices that are dedicated to crypto mining (NVIDIA in this case), AMD will have to start trying to compete because otherwise pretty much no crypto miners would be buying their products anymore.  That would cause quite a lot of competition in the crypto mining market and a lot of attention to it from major GPU companies.

AMD is quite dedicated to gamers though so it's all about the public image they want to preserve.