Nvidia will nerf Ethereum cryptocurrency mining on future GPUs

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  • Nvidia announced on Thursday that its new batch of RTX 3060 GPUs would feature new software that will automatically detect if a user is mining Ethereum with the card and halve the performance automatically.
  • The new drivers are meant to deter crypto miners from hoarding all the new RTX GPUs, which feature formidable mining performance, especially for the current bull Bitcoin market.
  • Nvidia announced the new CMP cards for professional mining. These Cryptocurrency Mining Processors will only be suitable for mining, but their performance isn’t on par with top RTX GPUs.

If you’re a gamer, it’s not just the PS5 and Xbox Series X that are hard to find right now, months after launch. The hottest Nvidia graphics cards are also sold out or extremely expensive, just like the two consoles. But that’s not just because many PC gamers are eager to upgrade their machines to the latest GPU hardware available. The graphics cards have been performing a key secondary function for years. They’re able to perform the complex mathematical processes needed to mine or produce cryptocurrency. Ethereum has always been a popular cryptocurrency to mine with the help of GPU-based mining rigs.

The crypto market has witnessed a renewed interest in recent months, with Bitcoin, Ethereum, and most of the other digital coins setting new record prices. While you may have heard that Bitcoin just passed the $50,000 milestone earlier this week, Ethereum also set new records of its own, increasing demand for the brand new Nvidia GPUs that can increase the mining return. But Nvidia no longer wants miners to buy the cards which should serve gamers, and the company announced that the new GPUs would ship with software that will reduce their mining performance to half of the theoretical maximum. But Nvidia is also launching new GPU chips dedicated to mining.

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Nvidia will nerf Ethereum cryptocurrency mining on future GPUs originally appeared on BGR.com on Thu, 18 Feb 2021 at 22:28:19 EDT. Please see our terms for use of feeds.

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