Cryptocurrency Statement from NVIDIA Executive: Useless!

One of the world’s largest GPU and graphics card manufacturers NVIDIAMichael Kagan, one of the senior executives of , made harsh statements about the crypto money world. Talking about crypto money mining in particular, Kagan said in an interview with the Guardian that cryptocurrencies have no effect on society. it’s no use told. Let’s take a look at the details of these remarkable statements.

To be frank, NVIDIA’s approach to the cryptocurrency world has never been it wasn’t hot. In particular, the company, which sells millions of graphics cards for Ethereum mining, did not want cryptocurrencies to exist, however. In fact, NVIDIA limited the graphics cards a few years ago to prevent the use of graphics cards in mining Ethereum and its derivatives. As such, Michael Kagan’s statements are not very not surprising.

“It didn’t do any good!”

“All this crypto stuff needed processing, and NVIDIA was the best, so people programmed it to use it for that purpose. They bought a lot of things and finally crashed, because it does not bring anything useful to society. That cryptocurrency is something that will do something good for humanity i never believed.” Michael Kagan also talked about where the industry should head. According to the NVIDIA executive, processing power should be used for artificial intelligence instead of crypto money.

“Spend processing power on ChatGPT!”

“With ChatGPT, everyone now has their own machine, own schedule can create. You tell him what to do, he does it. And if it’s not what you want, you can re-command and change it.“, Michael Kagan said that the processing power to be spent on artificial intelligence is much more than the processing power that will be spent on crypto money. that you are precious underlined. Let me also point out; Nearly ten thousand NVIDIA A100 GPUs for development of ChatGPT had been used.