Nvidia burns $5.5 million settling with SEC on GPU sales to crypto miners

We all had a bad time waiting out the graphics card shortage that took place from late 2020 up until recently, but it wasn’t the first time crypto mining was to blame for a lack of Nvidia and AMD GPUs.
Back in 2017 and 2018 there was another similar situation going on with the GTX 10 Series that led to huge profit increases for Nvidia and higher prices for gamers. Although the sting back then wasn’t nearly as bad as what we just experienced, it does point to a trend at how Nvidia likes to handle sales.
 
You got the cash, Nvidia has the splash
Simply put, cryptomining and productivity tasks are for business and gaming is just a hobby (for most). Expectedly, companies and profit-geared individuals are far more willing to pay more and to buy in bulk compared to traditional individual retail sales for graphics cards.
Once things started heating up during the last crypto boom, Nvidia was in a great place as a market leader to supply plenty of graphics cards for increased d…

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• Source: https://www.pcinvasion.com/nvidia-crypto-mining-sec-fine/