How many times have you heard this phrase? And yet, ironically, crypto was never the main driver of Nvidia’s success.
At some point, mining Bitcoin on GPUs wasn’t the best method anymore.
The role of Nvidia in blockchain, crypto, and Bitcoin mining was bumpy. Their GPUs were repurposed by miners so heavily that Nvidia even introduced anti-mining measures in their hardware.
The key reason for their success is that they placed their bets on optimizing GPUs for deep learning. They invested a lot into CUDA, the software stack that enables efficient computation for training and inference of LLMs. CUDA has no viable alternatives. And that is why over 90% of data center GPUs come from Nvidia, and their valuation is larger than the GDP of every country except the US and China.
How many times have you heard this phrase? And yet, ironically, crypto was never the main driver of Nvidia’s success.
At some point, mining Bitcoin on GPUs wasn’t the best method anymore.
The role of Nvidia in blockchain, crypto, and Bitcoin mining was bumpy. Their GPUs were repurposed by miners so heavily that Nvidia even introduced anti-mining measures in their hardware. The key reason for their success is that they placed their bets on optimizing GPUs for deep learning. They invested a lot into CUDA, the software stack that enables efficient computation for training and inference of LLMs. CUDA has no viable alternatives. And that is why over 90% of data center GPUs come from Nvidia, and their valuation is larger than the GDP of every country except the US and China.