Nvidia, which made a fortune selling graphics processors to cryptocurrency miners such as Bitcoin and Ethereum, now says cryptocurrencies are useless to society. Instead of wasting the computing power of the GPU on mining, smart he can use it to run various artificial intelligence applications such as chatbots.
“All this cryptocurrency required parallel processing. [Nvidia] is awesome, so people just programmed it to use it for this purpose,” said Michael Kagan, chief technology officer at Nvidia. Guardian (via video cards). “They bought a lot of stuff, but eventually it collapsed because it doesn’t bring anything useful to society. AI does,” Cagan told The Guardian.
Microsoft’s ChatGPT was trained on a supercomputer based on 10,000 Nvidia A100 computing GPUs (although some implementations may use different hardware). The Generative Pre-trained Transformer also runs using Nvidia’s DGX server.
But while Microsoft used only 10,000 computing GPUs to create a product that could be used by almost everyone on the planet, it used hundreds of thousands of GPUs to mine Bitcoin and Ethereum currencies. , could be useful for those who dare to make money. Desperate enough to hedge their money with them in crypto.
Analysts at Bitpro Consulting estimate that Ethereum miners purchased $15 billion worth of GPUs from early 2021 to mid-2022. Miners bought some of the best gaming graphics cards, and demand from these customers pushed gaming hardware prices to levels too high for the average buyer.
Officially, Nvidia only sold its CMP (Crypto Mining Processor) GPUs to professional miners, but in reality, many of the company’s gaming graphics cards are priced higher than the MSRP for cryptominers as well. It was retailed at In fact, Nvidia told the U.S. Securities and Exchange Commission (SEC) that he failed to disclose that “crypto mining was a significant factor in the company’s year-over-year growth in gaming revenue” during consecutive quarters. I had to pay a $10,000 fine. in 2018. ”
“I never believed it [crypto] It does something good for humanity,” Cagan said. But it doesn’t redirect the company to support whatever it is. “
