|A good question, and one that I am not particularly qualified to answer. I am more of a financial and operations guy than a technical guy. When it comes to technical issues, I try to sift through the available information and connect the dots. In other words, I read tea leaves. I also look for people more technically adept than me.|
One of the things that is interesting about this piece of information is that a portion of NVDA's rise this year was tied to the perception that their cryptocurrency-related business - while a relatively small part of their overall business - was going to continue to grow.
Apparently, the cryoto miners have found a better mousetrap.
It also appears that the GPU cards were not an ideal solution. A few tidbits from a mid-year Digital Trends piece:
It’s been years since graphics cards were used en masse for Bitcoin mining because the hardware arms race meant that specialized application-specific integrated chip (ASIC) mining hardware quickly overtook them. Ethereum mining, however, as with other digital currencies, doesn’t benefit in the same way from specialized hardware, so graphics cards are a great solution for mining them, and that’s leading to stock shortages and price hikes.
The big rumor is that both companies are working on releasing mining-focused graphics cards which would ship with a slightly lower price tag and no video connectors. That would make them useless for running a gaming PC, but perfect for mining rigs, and could go some way to stem this tide of GPU purchasing that is leaving hardware enthusiasts and gamers with few options when it comes to their next upgrade.