Nvidia: Bitcoin mining has nothing to do with us, and we have never considered the virtual currency business

Recently, Nvidia CEO Jensen Huang said that although the company suffered a blow from falling stock prices in January, it had never considered the virtual currency business. Let’s take a look at the details.

Huang Renxun said at a recent press conference that virtual currencies actually "found Nvidia products on their own." Since "mining" requires high computing power, Nvidia's products may be their best choice. The rapid rise of virtual currencies in recent years has made many companies feel profitable, so they purchased a large number of Nvidia graphics cards, causing graphics cards to be in short supply for a period of time. In this case, after analyzing the entire market situation, the company has tried to meet the graphics card demand of the entire market through various channels.

When the price of Bitcoin plummeted, the demand for graphics cards in the market also began to decline rapidly, so Nvidia's stock price also fell a lot. Huang Renxun said: People should be cautious about the future of virtual currency, and virtual currency may always have a certain market, and I hope that in the future they can find an algorithm that is not so demanding in terms of computing, so that they will not be overly dependent on our graphics cards.