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Chip giant Nvidia may restart product lines for Bitcoin and encryption mining machines

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However, the company's CEO did not make a final commitment.

Rhythm BlockBeats news, on January 19, chip giant NVIDIA (NVIDIA) may restart its product line for Bitcoin and encryption mining machines.

As the crypto market heats up again, NVIDIA is also considering relaunching a Bitcoin-focused and products for cryptocurrency miners. In a recent statement to investors, Nvidia Chief Financial Officer Colette Kress said: "If demand in the crypto space becomes strong or we see meaningful market demand, we can also leverage This opportunity restarts the CMP product line to address ongoing mining needs. "

The CMP product line removes the video element, making them ideal for cryptocurrency mining rigs, powerful computers with only one Task: Verify cryptocurrency transactions on the blockchain network to earn cryptocurrency. They're not compatible with video games, though, a key strategic market for Nvidia. And the tension between crypto mining and video games has created legal problems for Nvidia. Beats previously reported that the blockbeats has been engaged in litigation with investors who claim the The California-based company underreported its revenue from crypto mining — an estimated more than $1 billion — in violation of the Securities Exchange Act.

In the second half of 2018, due to the sharp decline in the encryption market, the demand for Nvidia graphics cards in the encryption industry also followed Many people believe that the more than 50% decline in Nvidia's stock price in the three months from September to December 2018 is related to the encryption market. However, Nvidia CEO Kress did not make any promises. When talking about encrypted mining, he said: "We don't think it's an important part of our business today. Gaming demand is very strong, and we think it exceeds our current supply."