Following a massive rise in purchases of graphics
cards by cryptocurrency miners, tech company Nvidia is asking its partners selling their products to prevent people from buying their graphics cards in bulk, because gamers are unable to buy them before they sell out.
Chip maker AMD has seen its sales buoyed in recent months by big demand for graphics
cards by cryptocurrency miners.
Not exact matches
Nvidia is seeing the same trends in the graphics
card market as everyone else — increased demand driven
by cryptocurrency miners — and the company is taking a two - pronged approach to tackling the issue, Nvidia executives said recently during an earnings call with investors.
A recent report published
by Jon Peddie Research states that
cryptocurrency miners purchased more than 3 million add - in graphics
cards worth $ 776 million during 2017.
The article focuses on Nvidia's struggle to keep graphics
cards in stock for gamers, as
cryptocurrency miners are driving up prices
by depleting supplies.
And late last month, CNBC cited Susquehanna analyst Christopher Rolland, who told the firm's clients that a forthcoming ethereum - focused application specific integrated circuit (ASIC) would dampen the prospects for graphics
card makers AMD and Nvidia, whose products have been in high demand
by the world's
cryptocurrency miners.
It has been reported that more than 3 million graphics
cards were bought
by cryptocurrency miners in 2017, with sales reaching $ 776 million.
A drop in demand for graphics
cards (GPUs)
by the world's
cryptocurrency miners could «materially» impact AMD's chip business, the company disclosed this...
Industry - wide, shipments of add - in boards — which house the external graphics
cards used
by cryptocurrency miners — were up 31 percent from the first quarter to the second, according to Jon Peddie Research, a market research firm which tracks GPU sales.
By limiting the number of
cards per order to two or three, the manufacturer hopes to discourage
cryptocurrency miners who buy in bulk, and have as many as possible reach gamers.