Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million

My brother in law bought an Alienware in Canada about 2 weeks ago, 10900kf/32GB ram/3800. I checked the same rig in the US and it was priced at the same price even though 1 USD is about 1.3 CAD. It seems that there are some unique US supply issues.
The US has placed embargo’s on a lot of Chinese OEM’s forcing US products to be sourced from more expensive alternates. Apparently the current administration has a problem with Chinese prison labor.
 
The US has placed embargo’s on a lot of Chinese OEM’s forcing US products to be sourced from more expensive alternates. Apparently the current administration has a problem with Chinese prison labor.
Which GPU parts are sourced at higher prices outside of China?
 
At the end of the last cycle didn't the miners dump all the old cards on Ebay and flood the market? So Nvidia was stuck with old inventory and made zero dollars on all those secondary sales? Selling parts to the miners first means 500k fewer cards available to resell.
 
At the end of the last cycle didn't the miners dump all the old cards on Ebay and flood the market? So Nvidia was stuck with old inventory and made zero dollars on all those secondary sales? Selling parts to the miners first means 500k fewer cards available to resell.
If Nvidia overproduces, and the Gpu market crashes - they are stuck with the cards. Period. It doesn't matter who the fk bought the first half a million.
 
If Nvidia overproduces, and the Gpu market crashes - they are stuck with the cards. Period. It doesn't matter who the fk bought the first half a million.
Yeah NVidia is still a smidge butthurt over the 1060 oversupply when the bubble burst and they were stuck with all that extra inventory. I’m pretty sure they are taking extra steps to ensure it doesn’t happen again.
 
If Nvidia overproduces, and the Gpu market crashes - they are stuck with the cards. Period. It doesn't matter who the fk bought the first half a million.
That's the whole point. They didn't sell 500k cards. They sold the chips for the miners to build ASICs, preventing future resales.
 
You don't use GPUs in Asics. ASICS are purposefully built circuits specifically for mining, SUPERIOR to GPUs as mining replacements. Not used with GPUs.
Likely with a higher profit margin too as they are probably physically smaller and they don’t have to worry about any of the physical manufacturing or board components.
On the bright side of the rumours coming out from the distribution centres is correct it looks like there are more 3060’s than there was 3070’s, 80’s, and 90’s combined.
 
You don't use GPUs in Asics. ASICS are purposefully built circuits specifically for mining, SUPERIOR to GPUs as mining replacements. Not used with GPUs.
Nvidia is selling the GPUs and GDDR6 memory to miners. These miners then build an application specific device to mine using these parts. Arguing semantics over what these devices are called is irrelevant to the discussion.
 
Nvidia is selling the GPUs and GDDR6 memory to miners. These miners then build an application specific device to mine using these parts. Arguing semantics over what these devices are called is irrelevant to the discussion.
It's not my fault you don't know the difference between ASIC and GPU mining. And yeah, big difference. It's more like polar opposites than semantics here.
 
It's not my fault you don't know the difference between ASIC and GPU mining. And yeah, big difference. It's more like polar opposites than semantics here.
It is a really big difference is someone want to get into mining and so on, in the context of the conversation not really.

And chips specialised for 3d graphic were somewhat ASIC until not so long ago (not sure we would call a 3dfx Voodoo 1 a general purpose processing unit instead of a chips made for a particular use (3d rendering).
 
Nvidia is selling the GPUs and GDDR6 memory to miners. These miners then build an application specific device to mine using these parts. Arguing semantics over what these devices are called is irrelevant to the discussion.

Which still doesn't make sense it is very easy to print a asic to handle the compute portion of the algorithm so very little reason to dedicate an actual gpu to the task
 
It is a really big difference is someone want to get into mining and so on, in the context of the conversation not really.

And chips specialised for 3d graphic were somewhat ASIC until not so long ago (not sure we would call a 3dfx Voodoo 1 a general purpose processing unit instead of a chips made for a particular use (3d rendering).
You really missed the boat on this. The whole point of this thread is that Nvidia is selling GPUs to miners. This has NOTHING TO DO WITH ASIC. mkay?
 
On the bright side of the rumours coming out from the distribution centres is correct it looks like there are more 3060’s than there was 3070’s, 80’s, and 90’s combined.
That would match up with the video card market. Most buyers buy the cheapest they can.
In the current Steam Hardware Survey, 49.39% of the cards are all xx60 cards or lower (included mobile), and that's just the Nvidia cards. Didn't count any AMD parts at all as I do not know where every one of those would land. But the majority of the market is the lower end parts, so it would make sense to see many more of those manufactured.
 
You really missed the boat on this. The whole point of this thread is that Nvidia is selling GPUs to miners. This has NOTHING TO DO WITH ASIC. mkay?
yes ok it is true that if they were selling ASIC (on a different supply line) that it would be a different situation.
 
It's not my fault you don't know the difference between ASIC and GPU mining. And yeah, big difference. It's more like polar opposites than semantics here.
I think the point they were trying to make is that whatever custom hardware they're making with these isn't likely to be something they can resell to gamers later on. It's about the only way they're similar but I do think it's a valid point.

Personally I don't think that's a motivation for Nvidia to do this though, I'm still actually scratching my head on why they would do it.
 
I think the point they were trying to make is that whatever custom hardware they're making with these isn't likely to be something they can resell to gamers later on. It's about the only way they're similar but I do think it's a valid point.
Who said the hardware (mining gpu cards) are custom anything? Doubtful Nvidia revamped their graphic card reference line for custom miner cards, although aibs have done this via port elimination to cut cost.

Personally I don't think that's a motivation for Nvidia to do this though, I'm still actually scratching my head on why they would do it.

I've already addressed this - cutting out the aib middleman straight to customer - plus no shipping, the cards are all in china anyways. - MONEY, profit, why does a corporation do anything? $$$
 
Who said the hardware (mining gpu cards) are custom anything? Doubtful Nvidia revamped their graphic card reference line for custom miner cards, although aibs have done this via port elimination to cut cost.



I've already addressed this - cutting out the aib middleman straight to customer - plus no shipping, the cards are all in china anyways. - MONEY, profit, why does a corporation do anything? $$$
Not knowing exactly which asic was sold to miners, 500k would be a good round number. Verified with an AIB contact as well.

Big miners don't buy cards any more, they buy ASIC direct and build their own.

This will piss off AIBs as well.
From what Kyle is saying it doesn't seem like they're just shipping them a bunch of FE cards.
 
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I've already addressed this - cutting out the aib middleman straight to customer - plus no shipping, the cards are all in china anyways. - MONEY, profit, why does a corporation do anything? $$$
That seems too simplistic but simple is more likely than complicated conspiracies so you may be right. It just seems like there must be some angle that's being missed, for instance maybe the substrate shortages they mentioned today meant that AIB companies didn't have enough components to turn them into completed cards.
From what Kyle is saying it doesn't seem like they're just shipping them a bunch of FE cards.
That's what I was referring to, it sounds like the chips or package rather than fully finished cards. If that's the case I don't see them ending up as full featured graphics cards, at the very least they'd likely be headless.
 
That seems too simplistic but simple is more likely than complicated conspiracies so you may be right. It just seems like there must be some angle that's being missed, for instance maybe the substrate shortages they mentioned today meant that AIB companies didn't have enough components to turn them into completed cards.
I know its the day and age of conspiracy theory galore. Boring and obvious answer, sorry.
That's what I was referring to, it sounds like the chips or package rather than fully finished cards. If that's the case I don't see them ending up as full featured graphics cards, at the very least they'd likely be headless.
Or someone is smart and knows the resale value of gpu cards with a port are a valuable resellable item just like theyve been for the past several years, Its also possible to unsolder the gpu and mate it to a new board, WHO KNOWS?
 
I've already addressed this - cutting out the aib middleman straight to customer - plus no shipping, the cards are all in china anyways. - MONEY, profit, why does a corporation do anything? $$$
Maybe there is a difference by how much it anger AIBs between the 2 scenario, but wouldn't Nvidia Selling Founder Edition on Nvidia.com do the same ?

Selling with an higher margin (if not just the chips-ram with the miners company doing the rest for what they want, not outputs system and so on) at a difference price (I imagine that in that market you do not have to sell under demand for marketing around a launch reason and have scalper making a lot of your moneys, you can sell at market value) could simply be the reason.
 
I know its the day and age of conspiracy theory galore. Boring and obvious answer, sorry.

Or someone is smart and knows the resale value of gpu cards with a port are a valuable resellable item just like theyve been for the past several years, Its also possible to unsolder the gpu and mate it to a new board, WHO KNOWS?
The substrate guess or something like it is a potential additional reason that's simple and logical not a conspiracy(other than it being a guess). I'm not sure which part of card production that would affect so I'm not sure if it even makes sense but some simple extra reason seems likely to me.

In the past large scale miners have preferred headless cards and I could see them possibly even making something drastically different if they're already building them up from base components. It seems like being able to customize it would be one of the biggest advantages for them in that situation.
 
From what Kyle is saying it doesn't seem like they're just shipping them a bunch of FE cards.

That seems too simplistic but simple is more likely than complicated conspiracies so you may be right. It just seems like there must be some angle that's being missed, for instance maybe the substrate shortages they mentioned today meant that AIB companies didn't have enough components to turn them into completed cards.

That's what I was referring to, it sounds like the chips or package rather than fully finished cards. If that's the case I don't see them ending up as full featured graphics cards, at the very least they'd likely be headless.
I got information that Ampere GPUs and VRAM were shipped to miners. They build their own cards and write their own drivers.
 
I dont believe most of this can be attributed to mining. There are very few coins that are terribly profitable and ether only is with its recent price jump. Additionally there are asics out there for ether already.

Do you have information on asics nvidia is pursuing? That would be very interesting if they were pursuing asics for anything other then mining and they really dont seem like the type of company to pursue mining asics

Knowing what I know about Nvidia execs and their attitude towards consumers yes I can believe this easily. This isn't even their best stuff yet.
 
Knowing what I know about Nvidia execs and their attitude towards consumers yes I can believe this easily. This isn't even their best stuff yet.

Knowing what I know about ethereum mining it makes very little sense to do any of what is being talked about.

Idc where nvidia sold cards though. they are a business and I'm sure their shareholders are more then happy with how they are doing dispite non existent stock.

I'm sure there stock will be enlightened to see what their "best stuff" is when they make it happen.
 
I got information that Ampere GPUs and VRAM were shipped to miners. They build their own cards and write their own drivers.


That would be very interesting if nvidia realised the necessary information to support the GPU dies. Haven't they historically kept that information pretty close?
 
That would be very interesting if nvidia realised the necessary information to support the GPU dies. Haven't they historically kept that information pretty close?

For consumers sure I guess....if youre paying or making them enough money they share plenty of information.

I'm sure there stock will be enlightened to see what their "best stuff" is when they make it happen.

Its already happened its not just available to consumers. Nvidia does a fair amount of defense contracting. Thats about all I can say about it. Well that and they are total dicks. And yes I still buy their cards...
 
Nvidia is selling the GPUs and GDDR6 memory to miners. These miners then build an application specific device to mine using these parts. Arguing semantics over what these devices are called is irrelevant to the discussion.
That would be an application-specific system, not an application specific integrated circuit - there is a massive difference, and yes, "semantics" do matter when each terminology has nothing to do with the other.
The system/workstation/computer itself as a whole isn't an ASIC, so calling it such is incorrect.

This is on par with individuals I have worked with who call a computer tower "the CPU", when the CPU itself is just a part of it.
These terms might be used interchangeably, but that doesn't stop them from being completely incorrect, and even more confusing when attempting to describe a specific component in question.

Otherwise, agreed with the first part.
 
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oopsie.

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Ok, what I want in the future is that crypto currency gets the "Krugerrand" treatment so I can go back to playing videogames on an easily obtainable gpu like Carmack intended.
 
That mining farm is a troll post. Six figure price and they guy can’t afford a real extension cord so instead has a surge protector dangling on the wall. If that is any indication of how the rest of the wiring is done for that ~20kW farm then those GPUs are going to be in a pile of ash soon.
 
That mining farm is a troll post. Six figure price and they guy can’t afford a real extension cord so instead has a surge protector dangling on the wall. If that is any indication of how the rest of the wiring is done for that ~20kW farm then those GPUs are going to be in a pile of ash soon.
That cord looks to be powering a single low amp item like a light or fan and I've seen way sketchier mining setups that are much bigger.
 
Posts like this doesn’t help deter gpu mining in favor of ASICS:
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The general public wants to get in on easy $, and reports of value props up notions of foot in the door somehow.
People will Google their way to buying miners first ethereum 2.0 rig or some bs.
 
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