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Nvidia Is Giving Up On the Cryptocurrency Mining Market (latimes.com)
"Nvidia's nine-month crypto gold rush is over," reports the Los Angeles Times. An anonymous reader quotes their report:
"Our core platforms exceeded our expectations, even as crypto largely disappeared," founder and Chief Executive Jensen Huang said Thursday on a conference call. "We're projecting no cryptomining going forward...." Nvidia said it had expected about $100 million in sales of chips bought by currency miners in the fiscal second quarter. Instead, the total was $18 million in the period, and that revenue is likely to disappear entirely in future quarters, the company said.
Investors are expressing their concern at the sudden collapse of what had looked like a billion-dollar business. Three months ago, Nvidia said it generated $289 million in sales from cryptocurrency miners, but warned that demand was declining rapidly and might fall by as much as two-thirds. Even that prediction was too optimistic.
Investors are expressing their concern at the sudden collapse of what had looked like a billion-dollar business. Three months ago, Nvidia said it generated $289 million in sales from cryptocurrency miners, but warned that demand was declining rapidly and might fall by as much as two-thirds. Even that prediction was too optimistic.
Not only has millions of tonnes of greenhouses gases been produced due to mining
If you want to troll you have to use some figure that sounds like someone somewhere might actually believe it. According to you the atmosphere is 100% CO2 at this point. I'm still breathing pretty well.
it has also produced millions of graphics cards that are now useless due to being fried alive by mining
This also seems rather absurd; I have a friend with a dedicated mining rig and something like 16 cards - why would miners "Fry them alive"?? The longer the cards last the more money they make so the miners treat the GPU's like tender infants and take great pains to cool them properly. There is no reason those cards will not last 10x longer than a GPU in the average PC sold to someone in a dusty house.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
>Further, the GPUs are hardly useless now. They're already starting to appear on the secondhand market, and be snatched up by gamers.
A lot of the GPUs *are* useless to gamers because they don't have video circuitry on them or video outputs. So they're pretty much only good for GPU computing. I suppose they could be sold to the scientific computing market, but I suspect demand for GPUs there isn't as high as gamings, so it's likely folks won't get too much money back.
I wish the GPU card manufacturers hadn't started making these cards without the video circuitry and ports. This is the cheapest part of the card, and at least if they had proper video outputs the cards would be useful second hand to gamers and folks who want to drive really high resolution displays. What a waste.
At least he still has his Beanie Baby collection to retire on.
Sig. Sig. Sputnik
A lot of the GPUs *are* useless to gamers because they don't have video circuitry on them or video outputs. So they're pretty much only good for GPU computing.
That's like saying that CPUs are only good for CPU computing. I'm seeing a lot of "hidden" applications for GPU computing these days, e.g. video and photo editors that are taking advantage of OpenCL and related tech behind the scenes. As a sibling post mentions, things like SLI should be useful for gamers and others that only use GPUs to process what's immediately visible. Games might also offload physics modelling etc. to GPUs.
Today, it seems completely backwards that GPUs used to be limited for display only. Why build those nice parallel processor arrays if you can't actually use them for general computing? Fortunately, some clever people worked around those limitations by putting general data into image textures. Eventually, the industry gave in and formalized the idea into OpenCL and CUDA.
You can forget about cryptocurrencies and see all these companies talking about data mining and AI. Things like tensor cores neither for gaming nor cryptos. That said, such companies are probably not interested in random second-hand GPUs, but the point is that GPU computing is huge and professional and not going away.
Escher was the first MC and Giger invented the HR department.
Some Twitter wag gave the best explanation of Bitcoin I've ever seen:
You are welcome on my lawn.
The problem with these logistical tracking in the block chain ideas is (among other things) how do you ensure that the physical item matches the coin? How do I ensure that when the coin is given to me, the physical item also is given (and if you have a technique that works, why not just use that instead of the block chain)? Furthermore, what happens if the key for the item's entry in the chain is lost, does that mean the item must also be destroyed? Upon further investigation, adding block chain just adds a layer of complexity with little benefit. Block chain is not going to prevent UPS from losing my packages.
"First they came for the slanderers and i said nothing."
Of course, there are objective problems with a gold standard as you mention, but whether or more t it is addressed objectively better or worse, those reasons are not why governments moved to fiat currency. They moved because they were bankrupt and wanted to print their way out of the problem.
"First they came for the slanderers and i said nothing."