Nvidia is trying to fix the shortage issue of its GPU supplies since the cryptocurreny mania blew up and then everyone started to mine for them using GPUs. Since then, the increased demand driven by cryptocurrency miners lead to an out of stock supplies for most stores. A typical cryptocurrency miner needs atleast 4 GPUs to make an actual profit while gamers need a maximum of 2 for their gaming rig.
The company recently spoke out regarding the shortage issue and rising price of GPUs . Nvidia requested to retailers to prioritize gamers rather than cryptocurrency miners. The CEO of the company is trying to resolve the issue by increasing the supply to meet the high demand caused by the cryptocurrency boom and to provide GPUs for gamers.
“We’re working really hard to get GPUs out into the marketplace for the gamers. We’re doing everything we can, but I think the most important thing is, we just got to catch up with supply,” –Jensen Huang said
Nvidia can’t force retailers to sell GPU for each person limited to two but they can only ask them. Nvidia acknowledged the sudden GPU demand by miners and exceeded their expectations resulted to earning more revenue this quarter compared to others. The company reported record revenue of $2.91 billion in the last quarter of 2017. That included $2.46 billion from Nvidia’s GPU business, a year-over-year increase of 33 percent that was led by growth in the gaming and data center markets. Nvidia cited “strong growth” for its Pascal-based GeForce gaming GPUs that was driven by “new games, holiday-season demand, iCafe upgrades, esports and cryptocurrency mining.”
Both Nvidia and its competitor, AMD, is a making full effort to increase supply of components to meet the demand. But when reporters asked Huang about the shortage of GDDR5 and HBM2 memory, he dodged the question about memory issued by saying they are doing what they can and that they were just constrained.
