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Nvidia cautious that possible cryptocurrency demand might drop
GPU demand from the cryptocurrency mining industry is showing signs of slowdown recently and Nvidia has started taking measures to minimize possible damage, according to some market sources, reports digitimes.
Taiwan Semiconductor Manufacturing Company (TSMC) chairman Morris Chang has recently said that he expects the company to see an on-year revenue growth of 10-15% in the first half of 2018 thanks to the demand from the cryptocurrency segment. The market watchers believe many cryptocurrency miners are likely to turn to procure ASICs from suppliers such as Bitmain.
Bitmain is ready to release ASIC products in April eyeing cryptocurrencies that has been relying on GPUs for mining and the move is expected to reduce miners' demand for graphics cards. Policies from governments worldwide on cryptocurrencies and significant price changes also have weakened the returns for mining.
Seeing the trend, Nvidia has recently started placing restrictions on its downstream graphics card partners, forbiding them to publicly promote cryptocurrency mining activities or actively sell its consumer graphics cards to miners, the sources said. Nvidia hopes to shift its main sales target back to consumers in the gaming market, the sources added. Nvidia also has further increased its GPU quotes recently, which the sources believe is meant to help cover the gap that may occur after GPU demand starts sliding. Since profitability from graphics cards has been weakening, Nvidia and AMD have both been decelerating the developments of their new GPU architectures and prolonging their existing GPU platforms' lifecycle, the sources said, adding Nvidia's next-generation GPU architecture Turing will not enter the mass production until the third quarter.
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cryohellinc
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Posts: 2112
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#5527648 Posted on: 03/13/2018 10:15 AM
Good, Crypto scum -
Of the Consumer market.
Good, Crypto scum -
Of the Consumer market.
fantaskarsef
Senior Member
Posts: 9319
Joined: 2014-07-21
Senior Member
Posts: 9319
Joined: 2014-07-21
#5527654 Posted on: 03/13/2018 10:30 AM
Hmm, restrictions on the board partners to promote crypto mining as well as actively sell to miners. I'm not sure that holds if anybody would take them to court, if it's true. But upping the GPU turnout is definately not a bad idea for the consumers to try and get a GPU if it's available. Of course, ultimately it's a thing for Nvidia to up the production now, have people buy more "old" Pascal cards in preparation for their next lineup so some might spend money twice.
Seeing the trend, Nvidia has recently started placing restrictions on its downstream graphics card partners, forbiding them to publicly promote cryptocurrency mining activities or actively sell its consumer graphics cards to miners, the sources said. Nvidia also has further increased its GPU quotes recently, which the sources believe is meant to help cover the gap that may occur after GPU demand starts sliding.
Hmm, restrictions on the board partners to promote crypto mining as well as actively sell to miners. I'm not sure that holds if anybody would take them to court, if it's true. But upping the GPU turnout is definately not a bad idea for the consumers to try and get a GPU if it's available. Of course, ultimately it's a thing for Nvidia to up the production now, have people buy more "old" Pascal cards in preparation for their next lineup so some might spend money twice.
cowie
Senior Member
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Senior Member
Posts: 13083
Joined: 2005-03-30
#5527664 Posted on: 03/13/2018 10:58 AM
go bitman go
a gpu maker say not to sell or market to cryptos noooo
I hope they are in jail soon
oh wait this is good for us
go bitman go
a gpu maker say not to sell or market to cryptos noooo
I hope they are in jail soon
oh wait this is good for us
Vananovion
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Joined: 2017-08-31
Member
Posts: 47
Joined: 2017-08-31
#5527669 Posted on: 03/13/2018 11:24 AM
I might actually get an upgrade this year
.
I might actually get an upgrade this year
.
jaggerwild
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Joined: 2005-11-18
Senior Member
Posts: 558
Joined: 2005-11-18
#5527672 Posted on: 03/13/2018 11:43 AM
Nv, lets make an announcement that will distract people from our GPP program(board members OK!). More smoke n mirrors to cover up TRIPLE pricing on GPU'S. All limbs gone, but hey I got a new high end GPU Smmmho_O makes sense to me!
I do not subscribe to the theory that mining is slowing down either!!!! Greed fuels this run away train, and lets face it if there is a penny to be made some fool will be opening a farm some where(in a neighborhood near you).
Nv, lets make an announcement that will distract people from our GPP program(board members OK!). More smoke n mirrors to cover up TRIPLE pricing on GPU'S. All limbs gone, but hey I got a new high end GPU Smmmho_O makes sense to me!
I do not subscribe to the theory that mining is slowing down either!!!! Greed fuels this run away train, and lets face it if there is a penny to be made some fool will be opening a farm some where(in a neighborhood near you).
moeppel
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Senior Member
Posts: 137
Joined: 2015-06-30
#5527677 Posted on: 03/13/2018 12:07 PM
I know that has Nvidia has made such statements but has there been proven action?
This isn't to call Nvidia out in particular but I'm not silly enough to believe that either AMD or Nvidia would restrict their own business which entails monetary loss. Morals and pricing in particularly aren't those company's strong suites, after all.
To me it's just PR garbage to please potential disgruntled fanboys by implying they were of any significant importance. A bone thrown by papa AMD/NVidia. Especially now that it is high peak season of the crypto gold rush I cannot get myself to put any trust in that and GPU prices speak for themselves.
Seeing the trend, Nvidia has recently started placing restrictions on its downstream graphics card partners, forbiding them to publicly promote cryptocurrency mining activities or actively sell its consumer graphics cards to miners, the sources said.
I know that has Nvidia has made such statements but has there been proven action?
This isn't to call Nvidia out in particular but I'm not silly enough to believe that either AMD or Nvidia would restrict their own business which entails monetary loss. Morals and pricing in particularly aren't those company's strong suites, after all.
To me it's just PR garbage to please potential disgruntled fanboys by implying they were of any significant importance. A bone thrown by papa AMD/NVidia. Especially now that it is high peak season of the crypto gold rush I cannot get myself to put any trust in that and GPU prices speak for themselves.
gx-x
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Joined: 2007-03-18
Senior Member
Posts: 1162
Joined: 2007-03-18
#5527678 Posted on: 03/13/2018 12:08 PM
lol, ASIC miner for new crypto....made to be non minable by ASICs. That are going to be profitable once they are out in the market and can ACTUALLY be bought. Sure sure. That happens all the time.
I trust every word coming out of AMD and nVidia, especially when mining is involved.
o_O
lol, ASIC miner for new crypto....made to be non minable by ASICs. That are going to be profitable once they are out in the market and can ACTUALLY be bought. Sure sure. That happens all the time.
I trust every word coming out of AMD and nVidia, especially when mining is involved.
o_O
dan83
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#5527686 Posted on: 03/13/2018 12:31 PM
So it looks like nvidia market strategy is preperation for possible not being able to compete with ASIC products in cryptocurrency market. I'm sure majority of 3rd party sellers GPU sales is cryptocurrency miners and if they all migrate to ASIC products and stop buying GPU's then nvidia fall back peimary consumers are gamers. If all cryptpcurrency miners sales are lost nvidia will have overproduced supply and low demand and GPU prices / profits will fall threw the floor. nvidia delaying releasing new GPU architecture is there market strategy of artificially inflating increased supply and demand of GPU's with gamer consumers post cryptocurrency miners consumers market lost.
So it looks like nvidia market strategy is preperation for possible not being able to compete with ASIC products in cryptocurrency market. I'm sure majority of 3rd party sellers GPU sales is cryptocurrency miners and if they all migrate to ASIC products and stop buying GPU's then nvidia fall back peimary consumers are gamers. If all cryptpcurrency miners sales are lost nvidia will have overproduced supply and low demand and GPU prices / profits will fall threw the floor. nvidia delaying releasing new GPU architecture is there market strategy of artificially inflating increased supply and demand of GPU's with gamer consumers post cryptocurrency miners consumers market lost.
Bojan
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#5527704 Posted on: 03/13/2018 01:12 PM
Who in their right mind can believe this garbage? There are not enough ASIC's to go around for Bitcoin and Litecoin and the price of one has tripled because of this, but somehow, miraculously, there would be enough if all those GPU mining rigs would become obsolete (in terms of performance)? Another very important thing. 1st of all, Bitmain hasn't made any statement regarding this, not a single clue. 2nd, they are aware that Ethereum will switch to proof-of-stake at some point, and the longevity of an F3 may not be all that appealing to any of the parties involved. Their other miners for Bitcoin and Litecoin have been well-received by the community, but neither of those currencies plans to change their algorithm anytime soon. So... long story short, there is literally 0.1% chance for Bitmain producing ASIC's for ethereum. This is clearly PR by Nvidia, and an obvious apologetic statement to its fans from gaming side. Also note, there has occurred in the text a nice admittance that the next gen wont come sooner than q4 this year. So, yeah, get ready for more pain if you looking to upgrade graphic performance of your rig.
Who in their right mind can believe this garbage? There are not enough ASIC's to go around for Bitcoin and Litecoin and the price of one has tripled because of this, but somehow, miraculously, there would be enough if all those GPU mining rigs would become obsolete (in terms of performance)? Another very important thing. 1st of all, Bitmain hasn't made any statement regarding this, not a single clue. 2nd, they are aware that Ethereum will switch to proof-of-stake at some point, and the longevity of an F3 may not be all that appealing to any of the parties involved. Their other miners for Bitcoin and Litecoin have been well-received by the community, but neither of those currencies plans to change their algorithm anytime soon. So... long story short, there is literally 0.1% chance for Bitmain producing ASIC's for ethereum. This is clearly PR by Nvidia, and an obvious apologetic statement to its fans from gaming side. Also note, there has occurred in the text a nice admittance that the next gen wont come sooner than q4 this year. So, yeah, get ready for more pain if you looking to upgrade graphic performance of your rig.
vbetts
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Moderator
Posts: 14025
Joined: 2006-07-04
#5527705 Posted on: 03/13/2018 01:16 PM
We can't milk em anymore, let's go back!
We can't milk em anymore, let's go back!
D3M1G0D
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Senior Member
Posts: 1298
Joined: 2017-03-10
#5527724 Posted on: 03/13/2018 02:23 PM
Cryptos seem to be trading sideways, with Bitcoin hovering around $10K (and the GPU-minable altcoins doing the same). Combined with the rise in difficulty and the ROI on a GTX 1080 Ti is becoming increasingly unreasonable - at about $3 a day minus electricity costs, it might take close to a year to see any returns. Many cards are also back in stock, although still at highly inflated prices, but this is a good sign that the craze is starting to slow down. If things stay this way then the GPU market might return to normal in a couple of months.
Cryptos seem to be trading sideways, with Bitcoin hovering around $10K (and the GPU-minable altcoins doing the same). Combined with the rise in difficulty and the ROI on a GTX 1080 Ti is becoming increasingly unreasonable - at about $3 a day minus electricity costs, it might take close to a year to see any returns. Many cards are also back in stock, although still at highly inflated prices, but this is a good sign that the craze is starting to slow down. If things stay this way then the GPU market might return to normal in a couple of months.
gx-x
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Senior Member
Posts: 1162
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#5527735 Posted on: 03/13/2018 02:51 PM
well, since I cant post a useful link to show G3D members how new miner is going to be made out of their precious GPUs, like the previous one for altcoins was, this is all I am able to post.
edit: the irony is, link gets turned into this: https://www.bitsonline.com/*SCAM-SCAM-SCAM*-g2-gpu-mining-rig-review/
and the scam is right there in the article itself, that there will be a new asic miner for etherium. There is not going to be an ASIC miner for that. Only GPUs can do that.
edit2:
eth is not the only coin on that algo. There are other less profitable ones. Might become more profitable if/when eth goes pos.
well, since I cant post a useful link to show G3D members how new miner is going to be made out of their precious GPUs, like the previous one for altcoins was, this is all I am able to post.
edit: the irony is, link gets turned into this: https://www.bitsonline.com/*SCAM-SCAM-SCAM*-g2-gpu-mining-rig-review/
and the scam is right there in the article itself, that there will be a new asic miner for etherium. There is not going to be an ASIC miner for that. Only GPUs can do that.
edit2:
2nd, they are aware that Ethereum will switch to proof-of-stake at some point
eth is not the only coin on that algo. There are other less profitable ones. Might become more profitable if/when eth goes pos.
Kaarme
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#5527740 Posted on: 03/13/2018 03:01 PM
There is not going to be an ASIC miner for that. Only GPUs can do that.
The crook who developed the GPU only mining should be thrown into a prison for 20 years. I'm sure there's some law that would apply.
There is not going to be an ASIC miner for that. Only GPUs can do that.
The crook who developed the GPU only mining should be thrown into a prison for 20 years. I'm sure there's some law that would apply.
alanm
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#5527753 Posted on: 03/13/2018 03:39 PM
Wouldnt be surprised if he was an Nvidia or AMD employee.
The crook who developed the GPU only mining should be thrown into a prison for 20 years. I'm sure there's some law that would apply.
Wouldnt be surprised if he was an Nvidia or AMD employee.
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Guess those looking to upgrade will have to wait quite a bit longer.