Sales of Nvidia CMP chips for the second quarter fell short of forecasts for $134 million – Bits Media

Q2 sales of CMP mining chips fell short of Nvidia's forecasts. Instead of the planned revenue in $400 million, the company made money on chips only $266 million.

In the middle of last quarter, the world's largest GPU manufacturer Nvidia predicted, what is Q2 profit companies from the production of special chips for cryptocurrency mining will reach $400 million. but, According to the report
About income, During the period, CMP mining chips were sold only on $266 million. At the same time, the company reported higher, What was expected, income – $6.5 billion of total income and $1 billion profit.

In April and May, when the shortage of semiconductors led to a reduction in chips production, Nvidia reorganized her business and focused on gamers. Then the demand from the miners eth, which use game video cards for cryptocurrency mining, Once again led to an increase in prices. Video cards were sold at a price three to four times higher than the usual, What supplanted gamers from the market. To change, the situation NVIDIA programmatically reduced
Hashrate game video cards GeForce, Having made them less effective for mining farms.

This step redirected the demand of large miners to the line of CMP products, which the company introduced
In February. When developing NVIDIA CMP, engineers optimized the chip for maximum mining efficiency. The voltage on the chip nuclei is reduced, As well as frequencies, But the cooling is improved. Besides, These cards are deprived of video outputs to reduce the cost of production. However, miners with small farms are still more profitable to buy game video cards, since they are much easier to sell in the secondary market.

The production of video chips provides 65% NVIDIA revenue, At the same time, sales of the CMP line make up only 7% these income. Demand for CMP chips below expected may be due to topics, that video cards for mining ETH pay more slowly, than asic major. In connection with the imminent transition of the Ethereum to consensus evidence of the share (PoS), Large mining companies and manufacturers of ASIC Mainers increase
Investments in ETH production, To have time to recoup your investments and make money on mining until the new version of the network is launched.