Nvidia notes that the transition to Ethereum 2.0 could cause GPU demand to fluctuate.

Nvidia Corporation, a silicon manufacturing and design company that produces the industry's most in demand graphics processing units (GPUs), recently announced its financial results for the first quarter of this year. The manufacturer stated that its income is partly due to cryptocurrency miners' demand for their GPUs. “We continued to benefit from the strong sales of our GeForce RTX 30 series based on the NVIDIA Ampere architecture. We believe (the GPU Gaming series) also benefited from the demand for cryptocurrency mining, but to what extent it is difficult to determine, '' he said. CryptoDaily reported the shortage of GPUs, a factor that started feuds between crypto miners and gamers. Trying to protect retail graphics card units from Nvidia. Earlier this year, Nvidia announced it would slow the hash rate of the GeForce RTX 3060 GPU to deter miners from using gaming GPUs for professional mining. It produces the CMP (Cryptocurrency Mining Processor) series specially designed to meet the demand for Ethereum cryptocurrency mining chips. In a 10 Q filing with the Securities and Exchange Commission, Nvidia revealed that it has identified changes in the crypto industry as a potential driver of large fluctuations in GPU demand. "The demand and use of cryptocurrency GPUs has fluctuated in the past and will likely continue to evolve rapidly. The volatility of the cryptocurrency market, including changes in cryptocurrency prices, can affect demand for our products and assets. Forecasting demand for our products. On the other hand, Nvidia, The industry noted that in addition to other changing policies and standards in cryptocurrency, the current upgrade to Ethereum 2.0 could also lead to fluctuations in demand.

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