Nvidia first revealed the profit from the sales of video cards for mining

Nvidia first revealed the profit from the sales of video cards for mining

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A corporation Nvidia first published data about income from the sales of video cards for the production of cryptocurrencies – so, in first quarter of 2018, miners brought to the giant $289 million of profit. At the same time in a company expect that already in second quarter this number will become considerably less, Bloomberg reports.

So, during the group call sanctified to the acuestss, chief executive of Nvidia Jensen Huang marked that demand on video cards for mining had appeared higher than expected, however in a company consider that in future amount bought mining GPU will go down approximately by two-thirds.

“Crypto miners  bought a lot of our GPU for this quarter, and prices went upwards from it. I think, as a result many gamers was not able to purchase new GeForce”, – Jensen added.

We will mark, related to the mining profit of Nvidia appeared higher than that was predicted  by analysts. For example, Christopher Rolland from Susquehanna, predicted that on video cards for the booty of cryptocurrencies a corporation for this period will earn about $200 million.

The shares of Nvidia grew short on a 3,8 percent in the extended trade since its earnings were declared. Earlier an action closed on a record mark $260,13 in New York.

We will remind, the head of Nvidia Jensen Huang declared before, that despite the pressure from the side of regulators, cryptocurrencies will be popular during the long years. At the same time, from data of research of analytical firm Jon Peddie Research, cryptocurrency miners AMD helped to shorten market lag from Nvidia and  secured 10% of company’s profit provided in the first quarter of 2018.

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