EVGA

Hot!Nvidia Finally Unveils Crypto Sales

Author
kram36
Insert Custom Title Here
  • Total Posts : 16388
  • Reward points : 0
  • Joined: 2009/10/27 19:00:58
  • Location: United States
  • Status: offline
  • Ribbons : 56
2018/05/11 14:38:49 (permalink)
Not a bad haul of cash for nVidia from crypto mining.
 
https://www.wetalkcoins.c...of-millions-in-revenue

EVGA X99 Classified | Intel i7-5930K | EVGA GTX 1080 Ti | WD Black PCIe NVMe 500GB | EVGA 32GB 2800MHz Memory
#1

25 Replies Related Threads

    veganfanatic
    SSC Member
    • Total Posts : 798
    • Reward points : 0
    • Joined: 2015/06/20 18:08:41
    • Status: offline
    • Ribbons : 0
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/11 14:55:22 (permalink)
    small wonder video card prices have remained above MSRP for so long


    Corsair Carbide 300R, TX850V2, Asus PA238QR
    https://www.techpowerup.com/gpuz/details/856g7
    I have been a vegan since 1969. I have experienced more prejudice than anyone could possibly ever imagine.
     
    #2
    XrayMan
    EVGA Forum Moderator
    • Total Posts : 60282
    • Reward points : 0
    • Joined: 2006/12/14 22:10:06
    • Location: Santa Clarita, Ca.
    • Status: online
    • Ribbons : 105
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/11 20:15:54 (permalink)
     
    Not surprised either.

                My Affiliate Code: 8WEQVXMCJL
      
          
                 
     
     
             
     
     
     
     
              
     
       
     
               
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     



     
     
     
     
     
      
    #3
    kram36
    Insert Custom Title Here
    • Total Posts : 16388
    • Reward points : 0
    • Joined: 2009/10/27 19:00:58
    • Location: United States
    • Status: offline
    • Ribbons : 56
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/11 21:18:24 (permalink)
    Some of the best algos to mine with nVidia cards are getting hit with ASIC miners, so I'm not sure nVidia will enjoy the crypto mining purchases they have been getting. Although we don't know what the 11 series architecture is for sure, so nVidia may drop some mining monsters (compared to AMD) and be back in the running, but these ASIC miners are starting to hit gpu mining hard.
    post edited by kram36 - 2018/05/11 23:15:53

    EVGA X99 Classified | Intel i7-5930K | EVGA GTX 1080 Ti | WD Black PCIe NVMe 500GB | EVGA 32GB 2800MHz Memory
    #4
    Hoggle
    EVGA Forum Moderator
    • Total Posts : 3081
    • Reward points : 0
    • Joined: 2003/10/13 22:10:45
    • Location: Eugene, OR
    • Status: offline
    • Ribbons : 2
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/11 22:31:23 (permalink)
    Not surprised but I really wonder how many are sold to miners vs. sold to people who plan to eBay to miners. It seems like with coins being about half they where six months ago you notice a lot more sitting on eBay.
    #5
    PietroBR
    FTW Member
    • Total Posts : 1217
    • Reward points : 0
    • Joined: 2013/09/14 06:40:52
    • Location: Brazil
    • Status: offline
    • Ribbons : 7
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/12 04:50:05 (permalink)
    I would say most of us here would expect this.
    But, still, 289 millions is a very impressive number on mining reveneu from Nvidia.

    Case: Asus Z370-G Box / MB: Asus Z370-G / CPU: Intel I7 8700K / Mem.: 16GB (2x8) 3000Mhz Corsair Dominator Platinum DDR4 / GPU: GTX 1080TI FTW3 / A.I.O. W.C: EVGA CLC280 / PSU: EVGA SuperNOVA G3 750W

     
     
    #6
    rjohnson11
    EVGA Forum Moderator
    • Total Posts : 67902
    • Reward points : 0
    • Joined: 2004/10/05 12:44:35
    • Location: Europe
    • Status: offline
    • Ribbons : 64
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/12 05:02:18 (permalink)
    The more money they make the more money can be poured into R&D for 2019 next gen video cards.

    Specs: AMD 1920X Threadripper, Samsung SM961 M.2, 32GB Corsair RGB Vengeance,  ASRock X399 Taichi MB, Corsair 1000D PC case



    #7
    quadlatte
    CLASSIFIED ULTRA Member
    • Total Posts : 7124
    • Reward points : 0
    • Joined: 2006/09/14 16:52:58
    • Location: Greensboro, NC
    • Status: offline
    • Ribbons : 54
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/12 09:09:56 (permalink)
    this makes it sound like nvidia sold all the cards directly, were really its the sheer volume of cards sold that made them that much. i would be interested to see AMD's numbers since they do sell more directly 

                                   
                                                 Heatware: http://heatware.com/eval.php?id=72498
    #8
    fearpoint
    CLASSIFIED Member
    • Total Posts : 2882
    • Reward points : 0
    • Joined: 2006/12/16 21:53:57
    • Status: offline
    • Ribbons : 3
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/12 10:02:36 (permalink)
    A small amount considering. Good that the GPU mining fad is finally going away.
    #9
    ty_ger07
    Omnipotent Enthusiast
    • Total Posts : 14118
    • Reward points : 0
    • Joined: 2008/04/10 23:48:15
    • Location: global traveler
    • Status: offline
    • Ribbons : 128
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/12 16:09:49 (permalink)
    That is a small percentage.
    #10
    redleader00
    SSC Member
    • Total Posts : 902
    • Reward points : 0
    • Joined: 2009/03/26 11:02:11
    • Status: offline
    • Ribbons : 6
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/13 06:49:45 (permalink)
    ty_ger07
    That is a small percentage.



    Around 3% of the total revenue. It is a nice and welcome boost for this year, but Nvidiia is not going to sink if next year cryptomining is not so popular, or if ASICs dominate that market.
     
     



     
    #11
    Nereus
    Omnipotent Enthusiast
    • Total Posts : 9723
    • Reward points : 0
    • Joined: 2009/04/09 20:05:53
    • Location: Brooklyn, NYC.
    • Status: offline
    • Ribbons : 31
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/13 11:57:20 (permalink)
     
    Where's QuintLeo, the ultimate defender of all things crypto? I thought he said miners were not buying up GPU stock and causing supply issues lol...  Oh wait, I know - NVidia is lying.
     
     
    post edited by Nereus - 2018/05/13 12:00:05


                                  AFFILIATE CODE : E64DMBSMI6     |     HEATWARE     |     MODSRIGS $1K WIN     |     BUILD

    #12
    GTXJackBauer
    CLASSIFIED Member
    • Total Posts : 3647
    • Reward points : 0
    • Joined: 2010/04/19 22:23:25
    • Location: U.S.A
    • Status: online
    • Ribbons : 19
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/13 12:30:35 (permalink)
    Nereus
     
    Where's QuintLeo, the ultimate defender of all things crypto? I thought he said miners were not buying up GPU stock and causing supply issues lol...  Oh wait, I know - NVidia is lying.
     
     






         
    #13
    ty_ger07
    Omnipotent Enthusiast
    • Total Posts : 14118
    • Reward points : 0
    • Joined: 2008/04/10 23:48:15
    • Location: global traveler
    • Status: offline
    • Ribbons : 128
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/13 16:09:59 (permalink)
    Nereus
     
    Where's QuintLeo, the ultimate defender of all things crypto? I thought he said miners were not buying up GPU stock and causing supply issues lol...  Oh wait, I know - NVidia is lying.
     
     

    Umm.... the percentage? Hardly relevant. Looks like QuintLeo was onto something.
    #14
    Nereus
    Omnipotent Enthusiast
    • Total Posts : 9723
    • Reward points : 0
    • Joined: 2009/04/09 20:05:53
    • Location: Brooklyn, NYC.
    • Status: offline
    • Ribbons : 31
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/13 17:00:41 (permalink)
    ty_ger07
    Nereus
    Where's QuintLeo, the ultimate defender of all things crypto? I thought he said miners were not buying up GPU stock and causing supply issues lol...  Oh wait, I know - NVidia is lying.
     
     

    Umm.... the percentage? Hardly relevant. Looks like QuintLeo was onto something.

     
    Did you read the article linked in the OP? Here are quotes direct from NVidia CEO Jensen Huang:
     
    “Crypto miners bought a lot of our GPUs in the quarter and it drove prices up,”
    “I think that a lot of gamers weren’t able to buy into the new GeForce as a result.”
     
    Hardly relevant? Despite almost every article out there and NVidia themselves now admitting the demand from miners pushed prices up and made it hard for gamers to get cards, you still claim that miners had nothing to do with it (or were hardly relevant)? Seriously? Care to explain this, and how you know more about NVidia's business than NVidia does?
     
    I really don't understand this apparent cognitive dissonance with some miners being so incredibly defensive about this, to the point of flat out refusing to acknowledge facts that come straight from the horse's mouth. It's like a form of TDS. Heck, if I was a miner, I'd be quite happy to say, "yeah, we miners bought a huge number of GPU's and the supply couldn't meet the increased demand." So what? Why is making such a basic and obvious statement such a huge problem? Would it make me a bad person somehow to admit that? Nope.
     
    Sorry, I really don't get it, maybe you or QuintLeo can enlighten us all as to why this is such a huge issue to admit something so obvious.
     
    ..not miners? yeah, it was probably aliens.
     
     

     
     


                                  AFFILIATE CODE : E64DMBSMI6     |     HEATWARE     |     MODSRIGS $1K WIN     |     BUILD

    #15
    kram36
    Insert Custom Title Here
    • Total Posts : 16388
    • Reward points : 0
    • Joined: 2009/10/27 19:00:58
    • Location: United States
    • Status: offline
    • Ribbons : 56
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/13 17:31:58 (permalink)
    Nah, it was the gamers buying up the video cards that made it more expensive for miners to get video cards. Seriously though, gamers act like they are entitled to be the only people that should be able to buy video cards and calling for the death of cryptocurrency I find very selfish and disturbing. nVidia and AMD simply couldn't meet the demand.

    EVGA X99 Classified | Intel i7-5930K | EVGA GTX 1080 Ti | WD Black PCIe NVMe 500GB | EVGA 32GB 2800MHz Memory
    #16
    XrayMan
    EVGA Forum Moderator
    • Total Posts : 60282
    • Reward points : 0
    • Joined: 2006/12/14 22:10:06
    • Location: Santa Clarita, Ca.
    • Status: online
    • Ribbons : 105
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/13 21:53:04 (permalink)
     
    Moved to Cryptocurrency.

                My Affiliate Code: 8WEQVXMCJL
      
          
                 
     
     
             
     
     
     
     
              
     
       
     
               
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     



     
     
     
     
     
      
    #17
    ipkha
    FTW Member
    • Total Posts : 1848
    • Reward points : 0
    • Joined: 2015/02/10 21:01:40
    • Location: Indiana
    • Status: offline
    • Ribbons : 3
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/14 15:36:26 (permalink)
    Crypto sales of 3% only cover mining specific skus. Ministers buying retail or in bulk from AIB partners still counted as gaming. In the end high demand from both gamers and miners drove prices up. Since no one releases specific numbers, we don't know how many more cards they sold versus previous cycles. And Nvidia doesn't make percent of retail sales, they only make money of the chip sales which is way less than the MSRP.

    #18
    Chris21010
    FTW Member
    • Total Posts : 1585
    • Reward points : 0
    • Joined: 2006/05/03 07:26:39
    • Status: offline
    • Ribbons : 9
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/14 16:55:18 (permalink)
    Correct, their numbers are skiewed due to retail sales all counted as gaming unless otherwise noted, which I would assume is never.


    #19
    ty_ger07
    Omnipotent Enthusiast
    • Total Posts : 14118
    • Reward points : 0
    • Joined: 2008/04/10 23:48:15
    • Location: global traveler
    • Status: offline
    • Ribbons : 128
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/14 17:50:16 (permalink)
    Nereus
    ty_ger07
    Nereus
    Where's QuintLeo, the ultimate defender of all things crypto? I thought he said miners were not buying up GPU stock and causing supply issues lol...  Oh wait, I know - NVidia is lying.



    Umm.... the percentage? Hardly relevant. Looks like QuintLeo was onto something.

     
    Did you read the article linked in the OP? Here are quotes direct from NVidia CEO Jensen Huang:
     
    “Crypto miners bought a lot of our GPUs in the quarter and it drove prices up,”
    “I think that a lot of gamers weren’t able to buy into the new GeForce as a result.”
     
    Hardly relevant? Despite almost every article out there and NVidia themselves now admitting the demand from miners pushed prices up and made it hard for gamers to get cards, you still claim that miners had nothing to do with it (or were hardly relevant)? Seriously? Care to explain this, and how you know more about NVidia's business than NVidia does?
     
    I really don't understand this apparent cognitive dissonance with some miners being so incredibly defensive about this, to the point of flat out refusing to acknowledge facts that come straight from the horse's mouth. It's like a form of TDS. Heck, if I was a miner, I'd be quite happy to say, "yeah, we miners bought a huge number of GPU's and the supply couldn't meet the increased demand." So what? Why is making such a basic and obvious statement such a huge problem? Would it make me a bad person somehow to admit that? Nope.
     
    Sorry, I really don't get it, maybe you or QuintLeo can enlighten us all as to why this is such a huge issue to admit something so obvious.
     
    ..not miners? yeah, it was probably aliens.
     
     

     
     

    Yes I read the article. The numbers they published for miner sales is simply a small percentage of the total sales. That's all I am saying. NVIDIA may say that miners had a significant effect, but I ignore that statement as a cop-out if their numbers do not support that statement. You can argue whether the numbers are accurate, but then you too would be questioning the "horse's mouth". Don't accuse me of questioning the horse's mouth when you too are picking and choosing which statements to believe. Any miner knows that video cards have been unattractive for the last 5 months since the mining difficulty is too high and is too risky because the expected return on investment is way too low. If you think that the price gouging which has occured primarily during the last 5 months is due to miners, I think you are ill-informed and have accepted the notion without considering the facts. When video card mining was most profitable, the price gouging was minimal. The price gouging didn't really hit a peak until one, two, three, and four months after the point that investing in video card mining was an unwise decision. Explain that. I think that during a brief window in time in mid to late 2017, NVIDIA (and AMD) made a lot of money from mining sales. It seems like it was a rather small percentage compared to their total sales, but was still a significant boost in profit -- especially during that 1/2 to 1/4 of a year. Beyond that, I think it was a lot of other factors and greed which caused shortages and gouging. At some point, half a year later, you have to start finding other explanations and villains.
    post edited by ty_ger07 - 2018/05/14 18:20:06
    #20
    Nereus
    Omnipotent Enthusiast
    • Total Posts : 9723
    • Reward points : 0
    • Joined: 2009/04/09 20:05:53
    • Location: Brooklyn, NYC.
    • Status: offline
    • Ribbons : 31
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/14 22:45:22 (permalink)
    ty_ger07
    Yes I read the article. The numbers they published for miner sales is simply a small percentage of the total sales. That's all I am saying. NVIDIA may say that miners had a significant effect, but I ignore that statement as a cop-out if their numbers do not support that statement. You can argue whether the numbers are accurate, but then you too would be questioning the "horse's mouth". Don't accuse me of questioning the horse's mouth when you too are picking and choosing which statements to believe. Any miner knows that video cards have been unattractive for the last 5 months since the mining difficulty is too high and is too risky because the expected return on investment is way too low. If you think that the price gouging which has occured primarily during the last 5 months is due to miners, I think you are ill-informed and have accepted the notion without considering the facts. When video card mining was most profitable, the price gouging was minimal. The price gouging didn't really hit a peak until one, two, three, and four months after the point that investing in video card mining was an unwise decision. Explain that. I think that during a brief window in time in mid to late 2017, NVIDIA (and AMD) made a lot of money from mining sales. It seems like it was a rather small percentage compared to their total sales, but was still a significant boost in profit -- especially during that 1/2 to 1/4 of a year. Beyond that, I think it was a lot of other factors and greed which caused shortages and gouging. At some point, half a year later, you have to start finding other explanations and villains.

     
    Thanks for your comment. As others have posted, almost all retail sales are counted as gamers, so that 'small percentage' you mention is certainly wildly inaccurate - but in the opposite direction to what you seem to think. Sure mining is not so attractive now.. and guess what? GPU's are available again. Coincidence? I think not. In summary:


     
     




                                  AFFILIATE CODE : E64DMBSMI6     |     HEATWARE     |     MODSRIGS $1K WIN     |     BUILD

    #21
    ty_ger07
    Omnipotent Enthusiast
    • Total Posts : 14118
    • Reward points : 0
    • Joined: 2008/04/10 23:48:15
    • Location: global traveler
    • Status: offline
    • Ribbons : 128
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/15 06:35:47 (permalink)
    It just took 5 months to restock after the miners used up all of the supply? Hmm. Ok.... Like I said, there were obviously other factors at play. The gouging and lack of supply peaked 3 to 4 months after miners stopped buying video cards. You seem to keep ignoring that fact. Cryptocurrency started falling on its face before the start of 2018. The lack of supply and gouging peaked in March and April of 2018. More than 5 months later, it only now has started to level off. There is a lot of data to support the notion that miners had little to do with the lack of supply and gouging. Independent researches have estimated that miners contributed about 6% to the video card demand for both NVIDIA and AMD. NVIDIA now released numbers which indicate miners contributed about 3% to the NVIDIA video card demand. Mining statistics agree that the video card cryptocurrency production didn't increase in late 2017 by the huge amount you wish to believe. Everything points to other factors as the primary contributor. Please let it rest until you are willing to actually do the research to come to a valid conclusion; you obviously have not yet done so.
    There is no evidence to support your claim; only circumstantial evidence if you completely ignore the timeline -- as you obviously have.
    post edited by ty_ger07 - 2018/05/15 07:36:21
    #22
    ipkha
    FTW Member
    • Total Posts : 1848
    • Reward points : 0
    • Joined: 2015/02/10 21:01:40
    • Location: Indiana
    • Status: offline
    • Ribbons : 3
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/15 07:53:42 (permalink)
    Lead times for Chip fabrications are getting longer as more advanced prcosees come online. The newer processes ramp slower and reduce overall capacity in the short term. So if demand is higher than Nvidia forecasts it takes longer to adjust orders. It not like they have a constant supply of chips coming. And yes, the quarters results show a small mining percentage. But that's just direct mining specific sales, that doesn't count retail sales to miners (which by necessity are smaller groups) and not very impactful on supply/demand.

    #23
    Cool GTX
    EVGA Forum Moderator
    • Total Posts : 11796
    • Reward points : 0
    • Joined: 2010/12/12 14:22:25
    • Location: Mid-Atlantic
    • Status: offline
    • Ribbons : 88
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/15 08:53:04 (permalink)
    OK,  We all have different points of view - lets stay on topic
     
    I just hope Nvidia uses the extra profit in that 9.7 Billion sales to increase the R&D to build even better GPUs
     
     
     
     

    Nibbler - EVGA X99 Classified, 5960X, 2-TitanX P & EVGA 1080FE, Custom loop, modded Phanteks Enthoo Primo, 32GB GSkill DR4, Intel NVMe PCIe 750 SSD, Win10 Pro, EVGA 1600 P2, Folding 3.5M PPD, 4K Acer XB280HK monitor
    AIO Folding Rampage5e10, 5930K, EVGA CLC 240 2-EVGA 1080Ti FTW3 Hybrid, 32GB GSkill DDR4, Samsumg 850 Pro SSD, Win 7 Pro 64bit, EVGA 1200 P2 PSU, Folding 2M PPD, Thermaltake View 71  Affiliate code 05MLLDCG6B

    #24
    ty_ger07
    Omnipotent Enthusiast
    • Total Posts : 14118
    • Reward points : 0
    • Joined: 2008/04/10 23:48:15
    • Location: global traveler
    • Status: offline
    • Ribbons : 128
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/15 16:06:48 (permalink)
    In March of 2018, as EVGA was trickling in small batches of cards for sale, customers reported receiving brand new cards with 2016 and 2017 manufacture dates.
    There was obviously a combination of manufacture/supply issues, demand, and trickery. Blaming miners was a huge scapegoat which some people still believe.
    Any customer who purchases the video card deserves the video card. We are all customers and none of us is better, purer, or with better intent than anyone other customer. Quit accusing people of being part of a villainous group and quit blaming each other.
    The reason why I say mining is a scapegoat is because no one is able to identify anyone or any group as being miners. There is a mystical villainous mining group believed to be out there somewhere which no one is able to identify. Sure, there are some miners, but this large impactful group of miners is simply absent in any statistic you study. So, scapegoat.
    post edited by ty_ger07 - 2018/05/15 16:30:08
    #25
    Ranmacanada
    SSC Member
    • Total Posts : 906
    • Reward points : 0
    • Joined: 2011/09/22 10:44:47
    • Status: offline
    • Ribbons : 2
    Re: Nvidia Finally Unveils Crypto Sales 2018/05/16 21:23:26 (permalink)
    With the average video card costing about $700 that's only 412 857 graphics cards, heck let's make it $500, that's still under 600 000 cards.  That's not a lot of cards.  Seriously.  There are more cards running ETH alone, which is AMD heavy.  Current ETH network hash rate is 269830 gigahash/s which works out to approximately 9 FREAKING million rx580 cards at 30 MH/s each after bios modding.  
     
    For the record, a 1070 ties an rx580 at 30 MH/s but is seriously stupid to use for ETH.  Zcash is where it's at.
     
    If I did the math right, you'll see this is just a drop in the bucket compared to team red.  So shut up you entitled gamers and realize Nvidia is the reason why cards were so scarce and all they did was play all of us against each other to save face.
     
    So who's the real enemy here?  Your fellow PC enthusiasts, or the corporations who colluded to keep stock low, and raise prices to reap record profits?

     

    Asus X79 Sabertooth
    Xeon E5-2670 
    Fold for the CURE!
    EVGA 1080 FTW
    MSI 1080 Gaming X
    EVGA 1080Ti Hybrid
    Register with my code SN278SHMDN :)
     
    #26
    Jump to:
  • Back to Mobile