Nvidia CEO Blames Ethereum Miners for GPU Shortage
Main page News, Cryptocurrency, Ethereum
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28 March

Nvidia (NASDAQ: NVDA) CEO Jensen Huang has blamed Ethereum (ETH/USD) miners for the shortage of graphics processing units (GPUs), ZDNet reported.

Speaking to a group of journalists following his keynote address at at Nvidia’s GTC conference, Huang stated that Nvidia is not in the business of cryptocurrency or distributed ledgers.

“Cryptocurrency is not our business,” he said. “Gaming is growing and workstation is growing because of ray tracing.”

He noted that Nvidia’s high performance business is also growing and these are the areas he wished Nvidia could allocate units for.

"My preference would be, of course, that we allocate them for the people we build them for, but there's a logical reason for why they use Nvidia GPUs, because it's the world's largest distributed supercomputer," Huang said.

The previously told TechCrunch that Nvidia has to “build a whole lot more” to offset the cryptocurrency demands.

“The video supply chain is working really hard, and you know all of our partners are working around the clock. We’ve got to come closer to the demand of the market. And right now, we’re not anywhere near close to that and so we’re just going to have to keep running.”

He added, however, that “it’s a good problem to have” and voiced hope they would be able to put more GPUs in the hands of gamers.

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