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Nvidia fined $5.5 million for hiding how many gaming GPUs were sold to crypto miners


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EHW News Editor
1.4k 578
Posted (edited)
Quote

Nvidia will pay $5.5 million to settle charges that it unlawfully obscured how many of its graphics cards were sold to cryptocurrency miners. The US Securities and Exchange Commission announced the charges and a settlement with the company today. Its order claims Nvidia misled investors by reporting a huge boost in revenue related to “gaming,” hiding how much its success relied on the far more volatile crypto market. Nvidia isn’t admitting to wrongdoing as part of the settlement, but it agrees to stop any unlawful failures to disclose information.

Can't wait for next gen gpus so miners can make more money while Nvidia continues to conveniently sells to bots.

 

 

Edited by UltraMega
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EHW Review Manager
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Posted (edited)

It's good that NVIDIA is being held accountable for not revealing the truth. However there is no such thing as a "Gaming" GPU. There are just GPUs. To apply that label to GPUs is ridiculous. Lets see the video editing only GPU, the streaming only GPU, the 4k video watching only GPU. ETC... 

Edited by Avacado

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Administrators
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Darn straight they should be fined. The truth will always out!

£3000

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50 minutes ago, Avacado said:

It's good that NVIDIA is being held accountable for not revealing the truth. However there is no such thing as a "Gaming" GPU. There are just GPUs. To apply that label to GPUs is ridiculous. Lets see the video editing only GPU, the streaming only GPU, the 4k video watching only GPU. ETC... 


I agree with this. This is why I was opposed to the hash rate limiter. Once you have bought the GPU, what business is it of theirs to limit what it can be used for with arbitrary limiters? (making that distinction vs architectural decisions think Kepler vs Fermi). 

 

That said, Nvidia should absolutely be held to task on how much of its "gaming" revenue is coming from miners. Just like the Pascal era, they clearly had a higher than normal buy rate for 30-series because of mining which definitely makes a difference on long term financial projections considering the volatility of the crypto market and the profitability on mining.

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EHW Social Media Manager
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3 hours ago, iamjanco said:

$5.5 mil is tidbits to people like leather jacket. Should have been more like $555.5 billion. 

I can only agree. One container of gpu must be worth more than that.

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