Published On: Sat, Aug 12th, 2017

Nvidia to Focus More on Cryptocurrency Mining Market

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In the wake of record-setting growth for digital currencies like Bitcoin and Ethereum, graphics card manufacturer Nvidia has expressed their intent to focus more on the cryptocurrency mining market.
Cryptocurrency Mining Boom
Since the beginning of 2017, the cryptocurrency market has grown at an enormous rate. In late 2016 the total market capitalization of the cryptocurrency market was a respectable $14 billion and in the months since has climbed a record-setting $135 billion as of this writing!
Bitcoin and Ethereum prices spiked to their ATH (all time high) and mining became profitable for individuals and miners rushed to purchase as many graphic cards as possible in order to profit from the surging prices of both Bitcoin and Ethereum.
The mining rush was so severe, that it even caused a national shortage of graphics cards in Russia. The graphics cards shortages made manufacturers like Nvidia and AMD realize that there is another profitable market for graphics cards, and that’s the cryptocurrency mining market.
Focusing on the Cryptocurrency Market

According to a recent article in MarketWatch, Nvidia CEO Jensen Huang stated that the cryptocurrency mining market could potentially become another profitable area for Nvidia. In a recent phone call …

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