Can’t buy a new Ampere GPU? This is because NVIDIA sold them to minors

Yes, it will be months before you can buy a new GeForce RT X30 series card – and that’s direct from NVIDIA. But now we hear why there are so few cards – $ 175 million of them were said to have been sold to crypto miners.

In a new report from Barrons, it appears NVIDIA made around $ 175 million selling Ampere GPUs to crypto miners. Ethereum changes are coming, so miners won’t be able to use old GPUs, so a lot of them are upgrading right now – and are grabbing all the Ampere GPUs they can. in the process.

“For the quarter under review, NVIDIA sold at least $ 175 million worth of next-gen GPUs to Ethereum miners, contributing to the outperformance. Analyst had guided miner sales to hit $ 150 million for the quarter“.

“Steves noted that the next upgrade to the Ethereum blockchain network, also known as Ethereum 2.0, due in December, requires miners to switch to more efficient mining hardware. NVIDIA’s New Ampere GPU Chips Supposed to Meet This Need“.