The PC market has been stagnant for a while, but one market is booming: the business for high-end graphics cards. And it’s largely thanks to the Bitcoin boom.
- The Wall Street Journal takes a look at the lengths that some have gone to get their hands on the best graphics chips.
- The boom also showed up in Nvidia’s recent earnings report, though the company is also benefiting from growth in the data center, gaming, artificial intelligence and autonomous driving.
- As for the run on graphics chips, one person likened it to how chickens are raised, with the singular goal of producing more breast meat.
Quick take: Unpalatable though that analogy may be, it’s not inaccurate. Bitcoin miners aren’t looking for balanced performance, just whatever will produce the most Bitcoin for the least bucks. And, in large part, that means using the power of the GPU.