NVIDIA is a popular tech company across the global tech market with its focus on artificial intelligence, computing, and many more cutting-edge technologies. It is revolutionizing parallel computing with advanced GPU deep learning models. Meanwhile, it is also focused on crypto chip making or crypto mining for chip for the tech-driven world. But the concerned issue is, it is more volatile for NVIDIA to depend on crypto mining chip to gain revenue from the highly volatile cryptocurrency market. Thus, let’s dig deep into the current issue of crypto mining of NVIDIA and how it can affect the popular tech company in the nearby future.
NVIDIA and crypto chip are not going together in this highly volatile crypto mining ecosystem
NVIDIA is currently working on crypto mining for making crypto chip by depending on the fluctuating cryptocurrency market. All personnel, involved in the financial sector, have a deep understanding that relying on such a risky venture is too dangerous for the revenue of a company or a crypto wallet. The popular chip manufacturer, NVIDIA, has claimed that there is a 52% decline in the OEM and other market platform revenue for the decline in the cryptocurrency mining processor.
It was known that NVIDIA was attempting to limit crypto mining on multiple of its products such as GeForce RTX 30-series graphics cards and many more. Theoretically, it should render the involved people ineffective for crypto mining in the highly volatile cryptocurrency market. The chip producer knows the level of volatility in crypto mining but it introduced a new driver known as 512.95 to completely disable the LHR bypass. It will help to revert the GPU to the previous crypto mining power at 70% maximum.
NVIDIA must keep in mind that the mobile versions of its GPUs will be less powerful than its desktop versions. But the professionals from the global tech and chip market are suggesting that it will be better for the chip-maker to invest in a new GPU card solely for desktop counterparts without spending long period of time on crypto mining. It is more efficient and effective than relying on the highly volatile cryptocurrency market in 2022. The cryptocurrency market is fluctuating more, even stablecoins have become unstable since May 2022.
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
Source: analyticsinsight
