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How much of this has to do with the overnight evaporation of the GPU mining market due to the Ethereum merge?
by yuan43 4y ago
How much of this has to do with the overnight evaporation of the GPU mining market due to the Ethereum merge?
- jasonlotito 4y agoThis was my first thought. They were prepared to do this, and once that market has dried up, they are ditching people and trying to lay blame elsewhere, and it seems to be working.
- ru552 4y agoAnnouncing you aren't making the next gen product is not ditching people. They specifically state that they will continue to sell and service current gen gear.
- jasonlotito 4y agoThey are firing (i.e. ditching) employees.
- TheNorthman 4y agoIn the video, they say they informed nVidia of this in April of 2022, so probably nothing.
- yuan43 4y agoBeacon chain launched in late 2020. The writing was on the wall by early 2022.
- deckard1 4y agothe timing is suspect. But I imagine having to deal with crypto bouncing all over and bubbles popping every few years is an incredible headache for them. With the fact that their profit is even negative on certain GPUs. Who would want to deal with that much unpredictability and nvidia holding you hostage? Sounds pretty sane to want to get out of that. Really hate to see them go though. I've been with EVGA GPUs for more than a decade.