NVIDIA: Cryptocurrency is not our business

NVIDIA CEO Jen-Hsun Huang made some comments about GPU mining at the GPU Technology Conference in San Jose. Speaking to a group of journalists, Huang stated that he doesn't see cryptocurrency miners as one of NVIDIA's target audiences. Huang prefers NVIDIA GPUs are used in areas NVIDIA is targeting, such as gaming, workstations, or datacenters.

These areas are where NVIDIA wishes it could allocate units for, but the reality is that miners are buying up a lot of GPUs. There isn't a lot NVIDIA can do about this, other than building a bunch more video cards.

“We’re sold out of many of our high-end SKUs, and so it’s a real challenge keeping [graphic cards] in the marketplace for games,” he said, adding “At the highest level the way to think about that is because of the philosophy of cryptocurrency — which is really about taking advantage of distributed high-performance computing — there are supercomputers in the hands of almost everybody in the world so that no singular force or entity that can control the currency.”

Huang claims the video card supply chain is moving closer to meeting the demand of the market, but at the moment, they're not anywhere near close to that.