The Separation of Nvidia and Crypto Mining

The Separation of Nvidia and Crypto Mining

From Nvidia’s 2017 mining chip sales growth to their 2018 reason for mining chip production divorce.

Nvidia is determined to exit the cryptocurrency mining market. The company has seen high demand for their mining related products last year, as Bitcoin price surged in value. But this year, due to a stretch in the bear market, interest waned. For Q2 of this year, Nvidia’s total sales for mining cards was $18 million, which was only a quarter of their initial sales projection.

Different media accounts arrive at different reasons as to why Nvidia’s cryptocurrency mining venture failed. Some attribute it to a lack of interest in the field, while another to being pushed out by their competitor Bitmain who uses ASIC chips.

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