NVIDIA Ramping up GPU Production to Meet Demand

NVIDIA’s miners have been in low supply as of late as cryptocurrency mining operations are snatching up any GPU they can find. NVIDIA has stated their intent to meet the current market demand.
Millions of GPUs Sold to Miners
When Bitcoin was first released, it was possible for anyone to mine on the network and make a bit of a profit. But once ASICs hit the scene, that dream was over. ASICs are hundreds of times more efficient at performing the calculations needed for mining. Some altcoins tout ASIC resistance as a key feature, meaning that people can mine on those networks with consumer-grade hardware. However, since the altcoin boom at the beginning of 2017, it has been very profitable to mine these ASIC-resistant coins.

The same piece of hardware sought after by gamers looking for extra power in their gaming rig can be used to mine cryptocurrencies such as Monero and Ethereum, along with dozens of others. This demand led to a massive shortage in GPUs that could be felt worldwide. Prices for the hardware spiked well above MSRP. NVIDIA, a leading producer of GPUs in the US, had a good year despite the backlog of orders. The …

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