And Filthy Chews will be Filthy Chews.
NVIDIA has reportedly sold roughly $175 Million dollars worth of its GeForce RTX 3000 series graphics cards directly to cryptocurrency miners in Q3. A report from Barrons with insight from RBC Capital Markets analyst Mitch Steves titled “How Cryptocurrency Miners Helped NVIDIA Earn More Than Expected” goes further into detail.
With NVIDIA announcing record revenues overall contributing from an increase of their Gaming and Data Center market segments up 37% and 162% year-over-year respectively. With the company racking up $2.27 Billion from its gaming orientated GeForce products alone, stemming from strong sales of the Nintendo Shield worldwide along with the launch of RTX Ampere in September which has made waves as being widely unavailable.
The reason being while nobody can actually get their hands on RTX Ampere? NVIDIA CEO Jensen Huang assured the goyim that the stock issues from launch date would continue going into 2021 were that of demand issues.
“I believe that demand will outstrip all of our supply throughout the year. Remember, we’re also going into the double-whammy, the double-whammy is the holiday season. Even before the holiday season we were doing incredibly well, and then you add on top of it, the Ampere factor, and then you add on the Ampere holiday factor, and we’re going to have a really really big Q4 season.”
“Even if we knew about all the demand, I don’t think it’s possible to have ramped that fast. We’re ramping really really hard. Yields are great, the product’s shipping fantastically, it’s just getting sold out instantly,”
“I appreciate it very much, I just don’t think there’s a real problem to solve. It’s a phenomenon to observe. It’s just a phenomenon.”
— Jensen Huang, NVIDIA CEO
Except we already know by now with NVIDIA CFO, Colette Kress contradicting the gospel from Jensen’s mouth contributing availability issues down to supply and overall production.
“We do have supply constraints and our supply constraints do expand past what we are seeing in terms of wafers and silicon, but yes some constraints are in substrates and components. We continue to work during the quarter on our supply and we believe though that demand will probably exceed supply in Q4 for overall gaming.”
“We do expect it probably to take a couple months for it to catch up to demand, but at this time, it is really difficult for us to quantify. So, we stay focused on trying to get our parts to the market for this very important holiday season. Each day things continue to improve. But before the end of the quarter, we will be able to provide some more information.”
— Colette Kress, NVIDIA CFO
We’ve seen how shit the yields are of Ampere, what with GA102 and GA104 cores having a 58% and 36.64% failure rate respectively, news of NVIDIA selling Ampere chips directly to Ethereum miners at a time like this is inconceivable and downright sleazy.
“Sales to miners generated at least $175 million in the third quarter, accounting for much of the outperformance, according to a Thursday note from RBC Capital Markets analysts Mitch Steves. Before the results came out, he had estimated sales to miners would be $150 million.”
Could is possibly be that NVIDIA are selling garbage lemon dies to these miners directly? Yes in all honesty, but with the worldwide shortages of RTX Ampere being out of stock and propped up in price this is news that actual gamers don’t want to be hearing. More than likely those chips would’ve been more than functional and would’ve better served being on store shelves for gamers to actually purchase.
Not withheld and sold directly to the enemy. $175 Million dollars is nothing to fucking scoff at, especially considering the RTX 3000 series merely had its paper launch near the end of September. With NVIDIA being at the helm of supply combined with shortages worldwide I wouldn’t be surprised if NVIDIA just so happen to be making more of a profit off these miners than they do gamers.
There’s an obvious reason behind why such a vast amount of RTX Ampere graphics cards were sold this way in just a quarter alone. Jensen Huang has turned his back on his GeForce Goyims, fucking them raw while he makes more shekels by selling directly to miners.