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Gamers are still Nvidia’s masters, but Ether miners could change that

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Gaming {hardware} big Nvidia has addressed the continuing scarcity of its new RTX 3000 product line after excessive demand from players, and to a lesser extent, cryptocurrency miners, pushed up costs and lower 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 a giant a part of the enterprise right now.

That’s regardless of reports of some Ether (ETH) miners setting up rigs comprised of 78 of Nvidia’s Geforce RTX 3080 graphics playing cards, estimated to web their proprietor income of $122,000 per yr.

Kress did recommend that any future spikes in demand from miners may current alternative to restart the corporate’s CMP product line. CMP refers to a variety 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 nineteenth Annual J.P. Morgan Tech/Auto Discussion board Convention on Jan. 12 through Seeking Alpha, Kress informed an audience of investors that should the firm observe any demand from would-be miners, they would consider manufacturing more mining-specific graphics cards.

“So, in summary, if crypto demand begins or if we see a meaningful amount, we can also use that opportunity to restart the CMP product line to address ongoing mining demand,” said Kress.

The chief financial officer believes the majority of demand still comes from a primarily gaming-focused user base, adding that gaming demand alone outpaced the company’s supply capacity.

Kress said cryptocurrency mining was one of the many unique applications resulting from the programmable nature of Nvidia’s cards, and one that had helped drive market growth in the past:

“Yes. So, cryptocurrency is interesting. So GPUs, as you know, have been programmable for many, many years, and it allows a constantly discovering capability for new applications to use the overall GPUs, and that has driven our overall growth in the market. Cryptocurrency mining is one of those such applications.”

According to Kress, Nvidia’s supply capacity would remain diminished until at least the start of Q2, and revenues are expected to remain flat until that time.