Bitcoin plummets, mining accidents cause RTX2060 to be delayed, NVIDIA's inventory backlog hurts

NVIDIA recently released its latest financial statements. What surprised NVIDIA CEO Huang Renxun was that he did not expect the decline in mining to have such serious consequences. The inventory of a large number of Pascal graphics cards in channel dealers has reached a "surprising" level. According to foreign professional media analysis, if the inventory problem of Pascal graphics cards is not well resolved, the launch time of RTX 2060 graphics cards will only be further postponed.

A large backlog of Pascal graphics cards puts NVIDIA in a dilemma

Although NVIDIA said they are confident that they can solve the inventory problem quickly, it is not a simple matter to clear the inventory when NVIDIA and AIC partners are unwilling to significantly reduce prices. Moreover, the development speed of mining machines is very rapid nowadays, and the computing power level has greatly surpassed that of graphics cards, so how to quickly clear the inventory has become an even more difficult task.

In this farce of virtual currency, perhaps NVIDIA is also a victim. Although NVIDIA once made a lot of money through mining, it has to clean up the mess now.

Who is actually hurt by the crazy graphics card mining?

Since the cryptocurrency bull market in 2017, the frenzy of mining has led to a large-scale encroachment on the supply of graphics cards in the traditional DIY market, resulting in a large-scale price increase and shortage, which has caused complaints from gamers. When the mining craze gradually faded, the situation of hard-to-find cards has not been alleviated, which can be said to be a deep-rooted poison...

What makes players even more angry is that due to the decline of the mining craze, a large number of second-hand mining cards have flooded the market, making it extremely easy for players' interests to be damaged, further aggravating players' complaints.

RTX 2060 becomes confusing

NVIDIA has not yet confirmed the RTX 2060 graphics card, and there have even been rumors that this product will not integrate a ray tracing core. After all, the RTX 2080 Ti can only barely maintain a stable 60FPS under the highest ray tracing effects in "Battlefield 5".