HomeTechnologyThe fall of cryptocurrencies...

The fall of cryptocurrencies leads to a drop in the profits of NVIDIA, the manufacturer of video cards

Video cards are used for cryptocurrency mining farms. | Font: Photo by Christian Widiger on Unsplash

adUnits.push({
code: ‘Rpp_tecnologia_mas_tecnologia_Nota_Interna1’,
mediaTypes: {
banner: {
sizes: (navigator.userAgent.match(/iPhone|android|iPod/i)) ? [[300, 250], [320, 460], [320, 480], [320, 50], [300, 100], [320, 100]] : [[300, 250], [320, 460], [320, 480], [320, 50], [300, 100], [320, 100], [635, 90]]
}
},
bids: [{
bidder: ‘appnexus’,
params: {
placementId: ‘14149971’
}
},{
bidder: ‘rubicon’,
params: {
accountId: ‘19264’,
siteId: ‘314342’,
zoneId: ‘1604128’
}
},{
bidder: ‘amx’,
params: {
tagId: ‘MTUybWVkaWEuY29t’
}
},{
bidder: ‘oftmedia’,
params: {
placementId: navigator.userAgent.match(/iPhone|android|iPod/i) ? ‘22617692’: ‘22617693’
}
}]
});

Market crash cryptocurrencies also led to lower profits NVIDIAmanufacturer video cards used to mine the specified virtual currencies.

In the announcement of preliminary results for the second quarter of this year, NVIDIA It indicated that it had generated $6.7 billion, higher than in 2021 but less than the $8.1 billion projected for this cycle.

Cryptocurrency falls, profits fall

video cards, although aimed at PC gamers, they have found their boom during the pandemic because they can handle the networks crypto loads cryptocurrencies such as Ethereum, forcing users to create large “farms” to receive large rewards.

This caused a shortage of units in the market and miners were the only beneficiaries.

However, due to the sharp drop in the value of currencies, large mining systems became unprofitable, which forced them to auction their assets. video cards in the secondary market. It also led to partners NVIDIA sold less video cards new.

“As we expect macro conditions affecting direct sales to continue, we have taken steps with our game partners to adjust channel prices and inventory,” the CEO said. NVIDIA, Jensen Huang. This means that we may see a further drop in the prices of cards that have been declining in recent weeks.

The competition started to grow

Its direct competitor in the graphics card market, amdduring the quarter it improved from $1.7 billion thanks to the provision of special hardware for consoles such as the Xbox Series X | S and PS5.

A small overall increase in revenue from NVIDIAnote, this is almost entirely due to the company’s data center business, including machine learning applications. Presumably NVIDIA will release its next generation RTX 4000 series GPUs later this year.

We recommend you METADATA, an RPP tech podcast. News, analytics, reviews, recommendations and everything you need to know about the world of technology. To hear better, #StayHome.

Source: RPP

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

To the inkwitzchin from the compression of the Earth from the land of the subject.

In the region, inkworm in the village of Oleksandrivar of the Koriukiv district, the child was injured from the explosion of an unknown object. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...

I am a fire in the directions of Dnieper, Verotynot, I launched C SU-34-IGNAT

Air Force in the direction of Dnieper today. On June 28, he was probably launched from Russian SU-34 aircraft with the temporarily occupied territory of the Zaporji region. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle...

Fly 100 people to bend into water into the icon – GSCS

During June, 98 people were killed on the water, including eight children. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This was announced today, June 28, the SES press service. ...

Armored-C1 and three helicopters died as a result

At night on June 28, SBU drones attacked the Kirovsky military airfield in temporarily occupied Crimea. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This was reported on the press...

The Russian Federation will be reconstructed in the scanks of the T-62 from not

Large irreversible losses of weapons and military equipment during the war against Ukraine force Russia to resort to massive reconciliation of obsolete military vehicles. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...