Sales of nvidia cards grow thanks to cryptocurrencies

It seems that the sales of graphics card units during this quarter are exceeding all expectations for Nvidia, thanks to the demand for cryptocurrencies among those who use GPUs to “mine” bitcoin and other currencies.

Nvidia benefits from cryptocurrency mining

However, demand could cool in the coming quarter, thanks to mining bans, and also due to a shortage of DRAM memories:

Checks with major graphics card and motherboard makers indicate demand is very strong, with card shipments being 30-50% above expectations, strongly fueled by cryptocurrency mining. Demand for cryptocurrencies is driving sales, especially of Nvidia's GTX 1060/1070 cards.

GTX 1060 & 1070 are the best sellers

Mizuho chip analyst Vijay Rakesh has also spoken to some Apple vendors. You are hearing that the manufacturing of the company's products is ongoing, which seems to refute some comments saying that the iPhone X was going to be delayed. "Despite some recent concerns, there have been no signs of another delay."

The best graphics cards on the market

These are times when mining is being taken very seriously, especially in Asia, where it is common to find mining farms for cryptocurrencies, so it has become an almost professional practice with a lot of money invested in graphics cards and equipment to make them work..

AMD is the most benefited thanks to its RX 480/470 RX 580/570 graphics cards, but Nvidia is not far behind with the GTX 1060/1070. How long will the cryptocurrency boom last? It is difficult to know.

Source: barrons