Nvidia cryptocurrency mining GPU sales soar towards $555 million in six months

Nvidia cryptocurrency mining GPU sales surge towards $555 million in six months

A Gigabyte 30HX cryptocurrency mining processor on a grey background

(Picture credit: Gigabyte)

Nvidia planned to shift $50 million worth of CMP, or Cryptocurrency Mining Processors, in its first twenty-five percent of 2021. Information technology sold $155 million. And if that wasn't a ratify of the accelerative demand for art cards intended for the lonesome purpose of mining virtual coins, Nvidia expects to more than double that figure in Q2 CMP sales.

During its Q1 2022 earnings call transcript (Nvidia's house calendar is identical odd), Nvidia reports an assumed mind-set of $400 million for CMP art card sales in Q2.

"To help address excavation demand, CMP products launched this quarter," Colette Kress, Nvidia CFO, says (via Seeking Alpha). "Optimized for mining performance and efficiency because they assume't come across the specifications required of a GeForce GPU, they don't impact the provide of GeForce GPUs to gamers. CMP tax revenue was $155 million in Q1 reported as part of the OEM and other category. And our Q2 outlook assumes CMP sales of $400 million."

The initial CMP cards, the 30HX and 40HX, were open in Q1, meanwhile the 50HX and 90HX go far in Q2. That could explain the sudden increment in assess, as the last mentioned two card game are often Sir Thomas More performant in mining.

The key bit there for America gaming lot is that Nvidia says that production of these chips doesn't smasher that of GeForce GPUs. That is to say, these GPUs aren't swerve out for life as a gambling GPU, thus says Nvidia.

With a luxurious aggregate of $555 million worth of CMP cards, that sure is a good deal of GPUs non quite a functioning to specification. Plenty to wipe ou through other means if in that location hadn't been a mining boon, anyways. That concept is nothing new, nonetheless, and the performance/stock-taking balancing act would usually determine the product stack and what chip goes where. In the past, inventory decisions have even direct to GPU mismatches, such as the RTX 2060, which can on occasion be found housing the GPU of an RTX 2080.

Perhaps we'll ascertain less of that with the RTX 30-series atomic number 3 mineworker's scoop functioning what's left on the cutting elbow room floor. IT's tranquillize early days, though, and mining hopefully North Korean won't stick around forever—Ethereum, the near popular crypto for GPU miners, is ditching mining altogether in a matter of months.

Jacob earned his first byline committal to writing for his have tech blog from his hometown in Wales in 2017. From there, helium graduated to professionally breaking things at PCGamesN, where he would subsequently bring home the bacon command of the kit cupboard as hardware editor. Nowadays, As higher-ranking hardware editor program at PC Gamer, He spends his days reporting on the stylish developments in the technology and gaming industry. When he's non writing about GPUs and CPUs, you'll receive him trying to get as far away from the present times as possible by wild bivouacking.