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Ethereum mining may be the main reason for the shortage of Nvidia RTX30 series graphics cards

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A mine boss swept 200 3080 graphics cards across the country regardless of the cost and did not choose the brand, which directly caused the market price of this series of graphics cards to jump hundreds of dollars in an instant.

Original title: "NVIDIA Analyzes the Reasons for RTX30 Series Graphics Out of Stock"

Original Source: Semiconductor Industry Observation

Recently, there has been a wave of shortages and price increases in the chip industry, especially on Nvidia's RTX30 series graphics cards, and this situation has intensified. According to PC industry players, the current market price of 3060Ti has gone to 3900, 3070 has also gone to 4700, and 3080 is between 6200 and 6500. This price is even hard to find.

In response to this question, Colette Kress, vice president and chief financial officer of Nvidia, responded to a meeting at UBS a few days ago.

Colette Kress said that for Nvidia, this is a very busy third quarter because we are implementing the Ampere architecture as a whole , which is really exciting for us. We took this opportunity to bring the Ampere architecture to GeForce and produced our GeForce 30-series cards for the market. Well, they're out, and we'll have a look at the launch and the overwhelming demand we've seen. Gamer demand for GeForce is strong, both for laptops and desktops, but the pipeline remains in short supply.

We do face supply constraints not only on the wafer and silicon side, but also on the substrate and module side, there are some restrictions. We will continue to work on the supply side during the quarter. But despite our view, the overall game demand in the fourth quarter will still exceed the supply.

We do expect it may take a few months to catch up with demand, but at this point, it's hard for us to quantify. So we're continuing to work on getting cards to market during this very important holiday season. Every day, things keep improving. But before the end of the quarter, we'll be able to provide more information.

According to an interview with a reporter from the Securities Times, an important reason for the shortage of graphics cards is the centralized procurement of mining giants.

The Securities Times pointed out in the report that Ethereum (ETH for short) will be upgraded to Ethereum2.0 in December this year, which requires " As miners introduce more powerful mining hardware, the original graphics cards can no longer be used, which also makes the latest RTX 30 series graphics cards the first choice. ETH has risen more than 300% since the beginning of the year, which has also boosted the mining machine market.

"From December 25th, the Ethereum 4G mining machine will be eliminated, so before that, the miners need to put the graphics card To upgrade to 8G, a mining machine needs at least 6-8 graphics cards, which is too much demand.” The interviewee told the Securities Times.

The Securities Times wrote that many installed stall owners said that the demand for mining machines to replace graphics cards was too high, which resulted in the graphics cards they installed Not enough. A stall owner told reporters that not long ago, a mine owner swept 200 3080 graphics cards across the country regardless of cost and brand, which directly caused the market price of this series of graphics cards to jump hundreds of dollars instantly.

At the same time, AMD graphics cards are also facing shortages. According to reports, the inventory of AMD's new card Radeon RX 6800 XT will be very limited, while the supply of RX 6800 is relatively good. Since AMD’s new generation of graphics cards use the 7nm process, and in addition to graphics cards, AMD also has many CPUs and next-generation host processors that also use the 7nm process, so compared to Samsung’s 8nm production capacity, it is even tighter. It is still unknown when normal supply will resume.