KCN Nvidia is taking advantage of the cryptocurrency boom

in bitcoin •  8 years ago 

Video cards sales rate is growing. According to Coindesk, Jen-Hsun Huang, CEO of Nvidia graphic card manufacturer commented that the cryptocurrencies’ uptrend resulted in increased demand in GPU sales. He also believes that the blockchain and cryptocurrencies are here to stay, so the new cryptocurrencies will come to market and the graphic cards are doing very well on that subject. Rising of the cryptocurrencies resulted in the number of sales grown average of 59% compared to previous year. However, last month Lisa Su, AMD CEO indicated that the company doesn't see a long-term future for sales in the mining market.

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With the the increase in adoption of Proof-of-Stack as opposed to Proof-of-Work, most miners and theirs rigs will soon be redundant.