Gaming {hardware} large Nvidia has addressed the continued scarcity of its new RTX 3000 product line after excessive demand from players, and to a lesser extent, cryptocurrency miners, pushed up costs and minimize availability.
Nvidia chief monetary officer Colette Kress mentioned the corporate didn’t have good visibility into how a lot demand got here solely from cryptocurrency miners, however she doesn’t consider it’s an enormous a part of the enterprise right now.
That’s regardless of stories of some Ether (ETH) miners establishing rigs comprised of 78 of Nvidia’s Geforce RTX 3080 graphics playing cards, estimated to internet their proprietor earnings of $122,000 per yr.
Kress did recommend that any future spikes in demand from miners may current a great alternative to restart the corporate’s CMP product line. CMP refers to a spread of Nvidia graphics playing cards created particularly for cryptocurrency mining, which ship with out the show outputs pointless for the duty in query.
Talking on the 19th Annual J.P. Morgan Tech/Auto Discussion board Convention on Jan. 12 by way of Looking for Alpha, Kress advised an viewers of buyers that ought to the agency observe any demand from would-be miners, they might contemplate manufacturing extra mining-specific graphics playing cards.
“So, in abstract, if crypto demand begins or if we see a significant quantity, we will additionally use that chance to restart the CMP product line to handle ongoing mining demand,” mentioned Kress.
The chief monetary officer believes nearly all of demand nonetheless comes from a primarily gaming-focused person base, including that gaming demand alone outpaced the corporate’s provide capability.
Kress mentioned cryptocurrency mining was one of many many distinctive purposes ensuing from the programmable nature of Nvidia’s playing cards, and one which had helped drive market development up to now:
“Sure. So, cryptocurrency is fascinating. So GPUs, as you understand, have been programmable for a lot of, a few years, and it permits a continuously discovering functionality for brand spanking new purposes to make use of the general GPUs, and that has pushed our total development available in the market. Cryptocurrency mining is a kind of such purposes.”
In response to Kress, Nvidia’s provide capability would stay diminished till at the least the beginning of Q2, and revenues are anticipated to stay flat till that point.