NVIDIA Slams Cryptocurrency: “It Brings Nothing Useful to Society”

[Tsing]

NVIDIA may have profited greatly from the last bull run, but now, the company behind GeForce GPUs appears to have nothing but harsh things to say about cryptocurrency. Michael Kagan, NVIDIA's chief technology officer, has told The Guardian that cryptocurrencies do not "bring anything useful for society," stating that other uses of processing power, such as OpenAI's popular chatbot ChatGPT, were more worthwhile than mining crypto. NVIDIA had announced the CMP, or, Cryptocurrency Mining Processor, product line for professional mining in February 2021.

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[MadMummy76]

Funny, nvidia, funny, except I'm not laughing.

 

[Grimlakin]

It's a real piece of **** that keeps buying your product when they can make money with it right. I didn't see you requiring curtailment of sales in bulk to non resellers did I?

 

[LeRoy_Blanchard]

Now Nvidia is playing Devils Advocate? lol not surprised

 

[Riccochet]

That's funny, when they were selling bulk shipments of GPU packages to Chinese mining farms to short supply the gaming GPU market to inflate prices. Now that the honeypot is dry they're against it?

Please. We remember. We'll always remember.

 

[LeRoy_Blanchard]

Yeah, crypto didn't bring anything useful to society, but sure did bring something to NVIDIA.

 

[Brian_B]

From the company that hated crypto so much they introduced LHR.**

**After they introduced their own mining-specific SKUs at significantly greater markup.

 

[Ranulfo]

LHR proves they care about gamers! The companies and reviewers under GPP told me so!

 

[Zarathustra]

Then stop selling GPU's to miners.

 

[MadMummy76]

Then stop selling GPU's to miners.

They did, kind of, miners stopped buying them, since it's not worth it anymore after the crypto crash.