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This is a good question. I remember having to give my identity before walking out of a store with a computer with a GPU in it, and if someone really wanted to b
by dematz 4y ago
This is a good question. I remember having to give my identity before walking out of a store with a computer with a GPU in it, and if someone really wanted to buy multiple GPUs for mining that wouldn't stop them.
The SEC lists some facts suggesting nvidia thought they were ending up mining (https://www.sec.gov/litigation/admin/2022/33-11060.pdf https://www.sec.gov/litigation/admin/2022/33-11060.pdf):
"NVIDIA launched a product line of cryptomining processors, known as “CMP,” which the company marketed to large cryptomining operations ... Based on known CMP sales, the company identified cryptomining as a significant element of the OEM GPU sales"
"NVIDIA also received information indicating that cryptomining was a significant factor in year-over-year growth in NVIDIA’s Gaming GPUs revenue. Some of the company’s sales personnel, in particular in China, reported what they believed to be significant increases in demand for Gaming GPUs as a result of cryptomining"
These were the 2 most concrete points to me - management was aware miners drove up GPU prices for gamers and saw it as another big market to capture, and sales attributed increased demand to miners. The rest of it basically says crypto grew, nvidia sales grew, and nvidia thought sales grwe because of crypto.
Honestly, I'm not sure it's possible even knowing these factors to know who really bought the GPUs or where they really ended up, but idk all the SEC probably cares about is nvidia not disclosing material seeming information.