08-21-2018, 01:32 AM
https://www.extremetech.com/computing/27...e-dried-up
Quote:The price boom of 2017 through early 2018 brought a lot of new miners into the market, and they all needed hardware to generate new coins. Thus, the law of supply and demand took over to wreck GPU prices. You were lucky to see cards selling for less than double MSRP. Now, Nvidia says revenue from selling to crypto miners has dropped substantially to just $18 million. In the first quarter of the year, Nvidia reported $289 million in revenue from “crypto-specific GPUs.”
The company doesn’t foresee another major uptick in mining, either. It projects sales to cryptocurrency miners will remain “negligible” going forward. Nvidia has adjusted its plans to compensate for that, too. It expected crypto would remain a large part of its sales before the bottom dropped out of the market. It had projected about $100 million in crypto-related revenue for the quarter.