Cryptocurrency and blockchain are two words that we have been hearing about a lot recently and while gamers are pretty fed up with all this at this point in time it seems that cryptocurrency and blockchain are here to stay. That is what Nvidia CEO Jensen Huang has been telling us, yet again he has mentioned it once again.
While Cryptocurrency has proven to be a good thing for some, it has turned out to be a nightmare for gamers all over the world as GPU prices have gone sky high since miners are willing to pay a lot more for these graphics cards. Nvidia CEO Jensen Huang claims that cryptocurrency and blockchain are here to stay and won’t be going anywhere anytime soon. The following is what he had to say:
“Cryptocurrency will be here. The ability for the world to have a very low-friction, low-cost way of exchanging value is going to be here for a long time,”
Nvidia is one of the companies that has benefited a lot from the cryptocurrency mining craze and while gamers are being affected it is all good for the business. Nvidia has been having a hard time keeping up with the demand for graphics cards and Nvidia CEO further went on to say.
“The reason why cryptocurrency became such a popular thing on top of our GPUs is our GPUs is the world’s largest installed base of distributed supercomputing,”
AMD has also benefited from the mining craze and it has allowed the company to sell thousands of cards. AMD Vega graphics cards have been selling like hot cakes and have been going off the shelves as soon as they hit them.
“Blockchain requires cryptography and the ability to have a public ledger that is completely immutable, perfectly safe, distributed all over the world. Our processor serves as the perfect processor to enable this supercomputing capability to be distributed. And that’s the reason why it’s used.”
Nvidia has already predicted that cryptocurrency is here to stay and Nvidia CEO Jensen Huang has confirmed his views regarding the matter yet again. Keeping that in mind, you can expect the prices of future graphics cards to go up.
“Gaming is a much bigger business, data center is a much bigger business, our professional graphics is a much bigger business and, of course, in the future, everything that moves will be autonomous and we’ll have autonomous capabilities and that’s going to be a much bigger market. Cryptocurrency just gave it that extra bit of juice that caused all of our GPUs to be in such great demand. But I think over the long-term, … our fourth growth drivers is what’s going to make Nvidia 10 times larger than it is today.”
Let us know what you think about Cryptocurrency and blockchain staying for the foreseeable future.