How the Video Card Industry Learned to Love Crypto Mining

With profits soaring for some of the world's biggest GPU manufacturers, it's clear to see that crypto mining has had a powerful, and perhaps even a lasting effect on the video card production industry.

That dip also suddenly turned around when the company announced the release of its second-generation cryptocurrency mining motherboard on May 30, 2018.An uneasy relationshipDespite the overwhelming evidence as to the growth that crypto mining has provided the video card industry, these manufacturers have not always fully embraced the opportunity.

While NVidia has credited the cryptocurrency mining industry for their record growth, AMD, on the other hand, has reminded investors in a statement that mining is not part of their long-term growth strategy.

AMD has been very cautious about fully embracing the crypto mining industry in the past and has even gone so far as to brush it off as a mere "Distraction" in an effort to clarify the company's standpoint toward crypto mining.

It would seem that the biggest concern for video card manufacturers is that, although crypto mining has significantly increased their bottom line, the volatility in cryptocurrencies causes unpredictable sales results.

Other factors, such as Ethereum moving from a POW to POS consensus mechanism, could also play its part in video card manufacturers resistance to fully embrace crypto miners.

Resistance should be taken at face value and as potential face-savingDespite these concerns, it hasn't stopped some of the bigger video card manufacturers to adjust their operations in order to cater to the crypto mining industry.

NVidia CEO Jensen Huang further admitted that crypto mining played a significant role in the increase of the company's graphics chip sales.

Future OutlookNVidia released sales figures for their 2018 first quarter crypto mining sales, which - at $289 million - came in "Higher than expected".

Either way, taking this evidence into consideration, and as the GPU mining industry is predicted to have another bumper year, it is clear to see that crypto mining has already forever changed video card production and distribution.