How the Video Card Industry Learned to Love Crypto Mining
Cointelegraph
Published Jun 19, 2018 08:22AM ET
Updated Jun 19, 2018 09:41AM ET
How the Video Card Industry Learned to Love Crypto Mining
With profits soaring for some of the world’s biggest GPU manufacturers, it’s clear to see that crypto mining has had a powerful, and perhaps even a lasting effect on the video card production industry. This sudden and sharp increase can be explained by the growth of cryptocurrency in the last two years, as crypto miners snapped up these GPU chips for use in their mining rigs. It’s almost impossible to believe, but only months ago video card producers were still brushing off miners. Now they embrace this new generation of customers.
A price chart comparing Bitcoin’s price jump with that of NVidia, a leading graphics card maker, shows a direct correlation between the two. NVIDIA (NASDAQ:NVDA) Corporation’s share price also increased by more than 80 percent during 2017. What’s remarkable is that it stayed relatively flat for more than a decade before that.
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Written By: Cointelegraph
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