In its Q4 and Fiscal Year 2021 earnings update, Nvidia reported a record $5 billion in quarterly earnings, up 61 percent year-over-year, and net earnings of $1,475 billion. The gaming division of the company accounted for $2.5 billion of this revenue.

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Nvidia reports that crypto mining revenues amounted to between $100 million and $300 million. CFO Colette Kress says that this is the best estimate as it cannot reliably track the end-use of GPUs sold to card manufacturers, so the real number is likely to be higher. “We believe that the substantial increase in the Ethereum hash rate observed over the last few months has been powered by a combination of previously installed mining capacity that has been reactivated, as well as news sales of GPUs and ASICs,” Kress said.

Nvidia has reduced the Ethereum mining capabilities of its upcoming RTX 3060 to make the card less enticing to miners. It is also hoping that the latest CMP line would help to ease Ampere’s current availability issues. It expects CMP card sales to be worth $50 million in the first quarter of the year. The global chip shortage is still going to be a concern, of course, one that is expected to last until next year.

The business indicated that it doesn’t plan to see another cryptocurrency crash as we saw in January 2018, when Bitcoin dropped by 65 percent in four weeks. “Cryptocurrencies have recently begun to be embraced by corporations and financial institutions and are showing increased signs of staying power,” Kress added. “CMP products will allow us to gain some visibility in the contribution of crypto mining to our overall revenue.”

CEO Jensen Huang says that if there’s a crypto crash, we’re not going to see second-hand graphics cards flood the market as we did last time, as most miners will hold on to their cards until prices rise again—at least that’s what Nvidia hopes. If you buy an ex-mining card, expect it to have an impact on its gaming results. But maybe it just needs some maintenance to get the fps back.