Nvidia believes in long-term development and development of mining

Unlike AMD, Nvidia is interested in active development of graphics processors and believes in long-term development and development of mining.

Nvidia, like AMD, increased sales during the boom in the mining of crypto currency. Judging by the income information for the second quarter of this year, if we compare it with the previous one, it is noticeable that Nvidia's revenues increased by 56%, the profit from the GPUs was $ 1.9 billion, which is 59% compared to that period in the past year.

Nvidia's CEO, Huang Zhenxun, says he has high hopes for future development of mining. He thinks that the crypto-currencies and the block-account will be delayed for a long time and in the future there will be even more of them. The financial director of the company made a similar statement and she believes that the flowering of the market of crypto-currency is the main factor in the growth of the sales volume of the GPU.

But their competitor AMD, about which we wrote earlier, does not see in crypto-currencies a reference point for the future, but only temporary insanity. AMD is not going to put emphasis on this market, but continue to monitor the development of this field.