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alessandro@lemmy.ca to PC Gaming@lemmy.caEnglish · 9 hours ago

Class action alleges Nvidia hid more than $1B crypto-GPU income within its gaming revenues — investor lawsuit concerns business spanning 2017 and 2018

www.tomshardware.com

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Class action alleges Nvidia hid more than $1B crypto-GPU income within its gaming revenues — investor lawsuit concerns business spanning 2017 and 2018

www.tomshardware.com

alessandro@lemmy.ca to PC Gaming@lemmy.caEnglish · 9 hours ago
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A statement we received from Nvidia suggests that investors should be happy as shares have still ‘done incredibly well.’
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  • Arcane2077@sh.itjust.works
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    2 hours ago

    LFG DUDE. I WAS THERE WHEN THIS WAS DISCOVERED GAMER STEVE (and/or maybe coffeezilla?) REPORTED ON IT. I THOUGHT NOTHING WAS GOING TO BE DONE. LFGGGGGGGGGG

  • Quetzalcutlass@lemmy.world
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    8 hours ago

    They’re complaining that the revenue was filed under gaming, but crypto miners bought gaming GPUs. How would Nvidia have possibly been able to separate those purchases from regular gamers?

    • Arcane2077@sh.itjust.works
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      2 hours ago

      You are forgetting that nvidia released, and continually resupplied (during a ‘drought’), MINER-ONLY DISPLAY-PORT-LESS cards for MINERS AND NON-GAMERS EXCLUSIVELY.

    • wholookshere@piefed.blahaj.zone
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      8 hours ago

      Gamers don’t order pallets

      • ILikeBoobies@lemmy.ca
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        1 hour ago

        Stores do. Nvidia likely thought it wasn’t going to get looked at.

      • Quetzalcutlass@lemmy.world
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        8 hours ago

        Neither did many of the miners. There was pretty famously a near-universal shortage of GPUs for several years because crypto miners were buying so many cards - online, direct from the manufacturer, even big box stores; they drained them all. Most of those would be indistinguishable from a normal purchase (a lot of miners only bought one or two cards; there were just a lot of crypto bros looking to get rich).

        • wholookshere@piefed.blahaj.zone
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          8 hours ago

          Except nivdia was prioritizing crypto sales

          https://www.tweaktown.com/news/76468/cant-buy-new-ampere-gpu-thats-because-nvidia-sold-them-to-miners/index.html

          Sure a number were sold through gaming distribution handles, but that was more scalpers than crypto I suspect.

          All the crypto farms were buying in bulk

      • prole@lemmy.blahaj.zone
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        8 hours ago

        Wholesalers who cater to gamers would

        • wholookshere@piefed.blahaj.zone
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          7 hours ago

          Sure, but I’m talking about

          https://www.tweaktown.com/news/76468/cant-buy-new-ampere-gpu-thats-because-nvidia-sold-them-to-miners/index.html

    • StillPaisleyCat@startrek.website
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      7 hours ago

      This is fairly analogous to banks looking the other way at money laundering.

      It points to the need for either more strict reporting and purchasing controls within the firm or more regulation.

      Banks have tightened their internal policies to avoid more active government intervention to reduce money laundering.

      Investors will get the analogy. A bank that let money laundering go unchecked and is facing scrutiny and a need to change protocols would see an adverse reaction from investors. No reason why Nvidia would not experience the same.

  • Fizz@lemmy.nz
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    9 hours ago

    Dam gaming revenue just sucks I guess.

    • panda_abyss@lemmy.ca
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      8 hours ago

      Price cards so nobody can afford them

      Reduce supply so nobody can find them

      gaming revenue sucks!

      • Fizz@lemmy.nz
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        2 hours ago

        People can afford them just not gamers.

    • Alk@sh.itjust.works
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      8 hours ago

      Yeah miss me with that frame gen, ai filter, $5000 bullshit. Give me raw performance so I can render home grown crunchy frames at high rates. Not buying another Nvidia card until they get it together.

      • Fizz@lemmy.nz
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        2 hours ago

        Yeah its pretty shit that’s what why I’m still on the rx6000 cards from amd. Give me raw raster + a ton of vram

      • Devolution@lemmy.world
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        7 hours ago

        But how else can Leon get yassified?

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