[2018-01-09] NVIDIA Breaks Sales Records due to Miners

[Rick Nolan]

NVIDIA announced on Thursday record revenue for the fourth quarter ended January 28, 2018, stating that demand for Nvidia graphics chips remained at a high level due to the cryptocurrency miners.

Read more: https://hype.codes/nvidia-breaks-sales-records-due-miners

[CryptoBry]

NVIDIA announced on Thursday record revenue for the fourth quarter ended January 28, 2018, stating that demand for Nvidia graphics chips remained at a high level due to the cryptocurrency miners.

Read more: https://hype.codes/nvidia-breaks-sales-records-due-miners

This company has been growing in terms of revenues and profits tremendously thanks to the demand coming from Bitcoin miners and would-be-miners all wanting to order in advance what INVIDIA can produce in the future as the product is virtually out of stocks. While Bitcoin has seen a big slump in the recent weeks, the demand for the mining equipment has been surging for the past many months. This big demand is now the reason why we might be seeing some other players entering the market soon. Now, who is saying that the future of Bitcoin is not brite?

[cynical]

According to this report they are "working really hard" to keep up with the demand from the two main sectors
Gaming and Crypto Mining.

https://www.polygon.com/2018/2/8/16993264/nvidia-gpu-supply-production-shortage-cryptocurrency-mining

As we see more and more crypto currencies and tokens coming to the market over the last year or so
and with their increased adoption especially over 2017 is it any wonder there is such a demand?
Also with the current low point in value its a perfect time for miners to harvest cheaper currencies because the value is only going to go up.
It also means every joe-soap has a chance to mine tokens.

[prehisto]

It is not a such big suprise since the market was HOT in  Q4 2017.

In general it is hard to get GPUs everywhere and prices are seriously high. I recently red that some companies are suggesting their vendors not to sell to miners but sell to gamers, since they are the ones most impacted by this. They cant get Gpus and when they can they have to pay top dollar.
I am not a gamer

[richardsNY]

I recently red that some companies are suggesting their vendors not to sell to miners but sell to gamers, since they are the ones most impacted by this. They cant get Gpus and when they can they have to pay top dollar.
I am not a gamer

Not sure where you read that, but it doesn't really make any sense. Businesses selling PC hardware don't care who you are and what you are going to use your hardware for as long as you just pay for your stuff. Their only intention is to sell as many products as possible, and if there is whatever store not willing to sell hardware to miners, which I can't even imagine, then it's the biggest shit store ever. Crypto mining has made the GPU manufacturers make more money than they ever would in current times, and especially so because of the fact that PC gaming is only going backwards due to consoles offering much more value for your money. Nvidia stock price was like $22 back in 2015, and hovers around $230 right now -- numbers speak for themselves.