I don't think Nvidia stock price has much to worry about, crypto is a tiny minority thing that nearly no-one does (percentage population). We are constantly basked in it all the time so we tend to give it more weight than what's due.
The vast majority of GPU are owned and used by gamers. Myself, I have a GPU render farm for 3D art. Most people use GPU for rendering video production.
Out of every single person I know, none of them even know what a crypto currency is let alone mine it. The best answer i've ever got was 'it's something people use on the deep web to buy drugs' lol.
You make some very good points. I have a similar situation. I do not own any GPU but at work my workstation requires a GPU for building rendering. Every couple of years we get a new upgrade, and specifically its a GPU.
There are signs out there that still makes me believe that although on surface it does not look like crypto mining is known by many there are a few hoarding the GPUs specifically for that.
http://www.zdnet.com/article/cryptocurrency-miners-bought-3-million-gpus-in-2017/
We we look at electricity consumption just for mining bitcoin it leads me to believe that a lot of mining is happening.
https://powercompare.co.uk/bitcoin/
We may not have many people who are aware of mining but the few there do mine are basically amassing most of the resources to do so. I am not sure if it is a good or bad thing but my take is there is just so much mining happening. Thanks.
I'm quite sure it will increase, especially when graphics card manufacturers are making cards specifically aimed at mining.
Do you use your work computer for mining ? :-) I used to work in a company with 4000+ employees all on PC, and I'm sure the IT guys had some mining operation going in the background lol.
I do think that if ASIC miners can put pressure on the GPU market, you could see the GPU manufacturers take a sales hit. They are allowed now to charge extreme prices for GPU's and they are now designing GPU's that are specifically designed to mine crypto so we know they acknowledge the impact of mining on their bottom line. They are certainly concerned with rise of the big ASIC boxes and their availability to the regular miner. The GPU allowed the common miner to compete with the big operations, not the ASIC is moving in on the GPU's foot hold on the home miner market. Also, GPU mining created a greater turnover of cards, mining destroys GPU's and requires miners to purchase cards on a regular basis. Mining is far harder on the card than video rendering or gaming. This turns into a regular and predictable revenue stream.
kinda sucks for people who want GPUs in the future for non-mining reasons, probably have to pay a huge premium.
F***ing crypto, I told you it was bad news lolol
It is the fall of Western Society!!!
I prefer to call it 'the crypocalypse' lol