NVIDIA could revive GPU production for cryptocurrency mining





NVIDIA could restart production of GPUs dedicated to cryptocurrency mining if demand is sufficient.

The model designed for mining would reduce the pressure on the range of products dedicated to gaming.



Relaunch CMP production

NVIDIA could possibly revive the production of graphics processors dedicated to cryptocurrency mining, according to its financial director.

Speaking at an event on January 12, Colette Kress said that if demand in the cryptocurrency market picks up to a 'significant' level, then the company could resume selling specialty cards called CMPs.

CMPs are GPUs that have had their video outputs removed, allowing them to be manufactured and sold cheaply.

Currently, NVIDIA's 30-series RTX GPUs are popular with miners, although Colette Kress said, “We don't believe mining demand is a big part of our business today. '

But still according to Colette Kress, NVIDIA should rather consider this craze as an opportunity, 'by relaunching its line of CMP products in order to meet current demand'.



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End of classic mining with ETH 2.0

While Bitcoin (BTC) miners use specialized and more expensive processors called ASICs, other cryptocurrencies such as Ether (ETH) can be mined with GPUs.

NVIDIA’s GPU supply is expected to remain tight until at least the end of the first quarter of 2021, although the CMP relaunch could ease pressure on the consumer product line.

Currently, NVIDIA is having difficulty forecasting demand from mining activity, although an analyst recently estimated that the company sold $ 175 million worth of Ampere GPUs to miners.

However, the demand for GPUs could be turned upside down in the next two years. Indeed, the launch of Ethereum 2.0 in December 2020 heralds the gradual end of ETH mining since it will no longer be necessary to own machines to participate in the operation of the blockchain.



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