Nvidia’s ongoing supply problems won’t stop the company from selling $50 million worth of its new CMP chip range in the first quarter of 2021, the company’s chief financial officer Colette Kress forecasted on Feb. 24. Nvidia failed to meet demand from its core gaming customer base in 2020, and the trend looks set to continue into 2021. Added demand from a horde of cryptocurrency enthusiasts keen to direct Nvidia’s new RTX 30 series GPU to Ether (ETH) mining initially appeared to pile pressure on the company. But the firm’s CFO expects the recently announced Cryptocurrency Mining Processor product line …

Nvidia, a California-based hardware company known for developing industry-leading graphics cards, is doing everything it can to ensure that its upcoming GeForce RTX 3060 GPU ends up in the hands of gamers. To achieve that end, the company announced Thursday that it will limit the GeForce hash rate to make it less desirable to cryptocurrency miners. The company said the new RTX 3060 software drivers are designed to detect Ethereum cryptocurrency mining and limit their hash rate by around 50%. “That only makes sense,” Nvidia said, since the GeForce RTX is “tailored to meet the needs of gamers,” not crypto …

Computing hardware manufacturer Zotac angered a customer base of loyal gamers on Feb. 16 after it posted a tweet apparently marketing its new Nvidia 30 series graphics cards to cryptocurrency miners. Zotac’s post showed a stack of what looks to be GeForce RTX 3070 White Edition GPUs, along with the caption, “An army of ZOTAC GAMING GPUs hungry for coin!" An army of #ZOTACGAMING GPU's hungry for coin! IG: @pc.lad#ZOTAC #PcGaming #Gaming #Gamers #Tech #PcHardware #PcComponents #PCMR #PcMasterRace #RTX pic.twitter.com/8vFtgPZvP4 — ZOTAC USA (@ZOTAC_USA) February 16, 2021 The availability of Nvidia’s 30 series graphics cards plunged moving into the new …

Chinese cryptocurrency miners are reportedly buying Nvidia's new laptops to mine Ether (ETH) amid the altcoin hitting new all-time highs. Nvidia’s latest GeForce RTX 30 laptops have become increasingly popular in China as a tool for mining cryptocurrency, according to several sources. On Feb. 6, a Weibo user known as BTCer posted a bunch of images showing off GeForce RTX 30 series gaming laptops making up a solid crypto mining farm. “A laptop mine is up ,” BTCer noted in the post depicting dozens of laptops stacked up on shelves. Several tech media outlets including VideoCardz and Wccftech subsequently suggested …

For the past several months, miners around the world have been extremely active, which can be seen through spikes in hash rates that coincided with a significant increase in the prices of cryptocurrencies. At the beginning of 2020, Ether (ETH) could be bought for $130, and now, ETH has reached $500. The king of cryptocurrencies, Bitcoin (BTC), added almost a cool $10,000 to its price. So, how can users engage with the industry? What has been obvious for some time now is that solo mining is not the way to go. For Bitcoin, Ether and every major altcoin, the blockchain …

Amid a meteoric bull run in the cryptocurrency market, Bitcoin (BTC) is overtaking another major American company in terms of market capitalization. As the Bitcoin price briefly crossed the $18,000 threshold on Nov. 18, Bitcoin’s market cap surged above $336 billion, outstripping the market cap of Nvidia — one of the world’s most well-known manufacturers of graphics cards. On Nov. 17, Nvidia’s shares closed at $330.7 billion, according to data from Macro Trends. The close follows a significant decline from a $358.7 billion threshold recorded on Nov. 2. At publishing time, Bitcoin’s market cap accounts for $336 billion, according to …

The newly released generation of Nvidia graphics cards, the RTX 3000 series, is generating some buzz among miners as it is expected to be a vast improvement over the previous generations. While the cards were initially speculated to be only a minor upgrade, new information seems to confirm that they could reach hash rates of around 100 Megahashes per second for Ethereum and Ethash mining. This would be more than a two-fold improvement over many of the top-of-the-line cards offered on the market today by both Nvidia and AMD. According to mining calculator Whattomine, the AMD RX Vega series, 5700 …

The legal representatives of technology company Nvidia have argued that its investors are not entitled to access its internal records about the “crypto craze” of 2017 and 2018. During a trial in the United States' Delaware Court of Chancery on Sept. 17, Nvidia's counsel argued that the plaintiffs have failed to show a “credible basis” for why Nvidia should be compelled to hand over the requested company documents. Nvidia is facing a class-action lawsuit alleging that it misled investors as to how much its revenue relied on crypto miners buying its graphics processing units amid the 2017 bull run. Patrick …

Graphic cards’ sales in Russia are surging amid an increase in remote work as well as the apparent growth in cryptocurrency mining, a new report says. According to several local retailers like Citilink and Svyaznoy, crypto mining-related sales of graphic cards in Russia notably surged in August 2020, Kommersant reported on Sept. 14. Alexey Rusakov, an executive at local tech distributor Citilink, told Kommersant that sales from mining-enabled graphic cards have spiked 49% in August. This comes in line with a two-fold increase in sales by tech giant Nvidia on a year-on-year basis, according to Irina Shekhovtsova, communications director of …

Grin (GRIN), a major privacy-focused cryptocurrency, is apparently no longer resistant to mining with Application-Specific Integrated Circuits — or ASICs — according to a former core developer. Gary Yu, a former core Grin developer, used a Grin ASIC mining device to test out the miner’s performance, according to an Aug. 10 post on Grin’s official forum. Yu purportedly managed to mine three blocks in less than 24 hours, with a block reward totaling at 180 GRIN, or $118 as of press time. ASIC-powered mining occurred at block heights 819660, 820461, and 820801, Yu added. In the post, the former core …

Major manufacturer of graphics processing units (GPUs) and computing hardware Nvidia has filed a motion to dismiss a proposed class-action lawsuit alleging that the firm misrepresented more $1 billion in sales during 2017 and 2018. In addition to its popular ‘GeForce’ and ‘GTX’ products — favored by both gamers and crypto miners — Nvidia launched a GPU specifically designed for virtual currency mining dubbed ‘Crypto SKU’ in May 2017. However, Nvidia reported only its Crypto SKU sales as having been made to cryptocurrency miners, and investors claim this misrepresented $1.126 billion in other sales as having been driven by demand …

An amended class action complaint filed against Nvidia Corp has accused the firm of violating the Securities Exchange Act by downplaying the extent to which its gaming revenues relied on GPU sales to cryptocurrency miners. The complaint, filed May 14, claims that Nvidia issued deliberately misleading statements that understated more than $1 billion in GPU sales relating to crypto miners during 2017 and 2018. Claims estimate that sales to miners represented over half of the company’s total sales. Nvidia was hit with a spate of lawsuits from investors after its stock price crashed nearly 30% after announcing that revenues would …