Fun

Nvidia Limits the Efficiency of Mining Ether Using Its GPUs by 50%

News Feed - 2021-02-22 08:02:44

Nvidia Limits the Efficiency of Mining Ether Using Its GPUs by 50%


Nvidia announced that it will start limiting the efficiency of mining ethereum or any other crypto using its new range of upcoming graphics processing units (GPUs).


In a blog post published Feb. 19, the U.S. hardware maker said this limitation will feature first on its new Geforce RTX 3060 card, which is scheduled for release on Feb. 25.


Nvidia revealed that the new GPU software drivers are designed to detect specific attributes of the ether (ETH) mining algorithm, and limit the hash rate, or cryptocurrency mining efficiency, by around 50%.


However, the software won’t limit the efficiency of all crypto mining activities, Itpro reported, “with the limiter only activating when processes use Dagger Hashimoto or Ethash-like algorithms.”


The Nasdaq-listed firm is hoping that the restriction will discourage the purchase of gaming-oriented graphics cards for large ethereum mining operations. ETH is one of a few coins that can still be mined using graphics cards.


GPUs, which are mainly used in video game consoles, have reportedly been in short supply due to hoarding by ETH miners, manufacturing limitations and supply chain issues resulting from the Covid-19 pandemic. Prices have soared, as a result.


“We are gamers, through and through,” Nvidia declared. “We obsess about new gaming features, new architectures, new games and tech. We designed Geforce GPUs for gamers, and gamers are clamoring for more,” it added.



However, Nvidia revealed that it is planning to produce GPUs specifically targeting ethereum miners called Cryptocurrency Mining Processor (CMP). It said the new mining processor, due for release in March, will not “do graphics” and will not “meet the specifications required of a Geforce GPU and, thus, don’t impact the availability of Geforce GPUs to gamers.”


The firm stated that the CMP “lacks display outputs, enabling improved airflow while mining so they can be more densely packed.” CMPs also have a lower peak core voltage and frequency, which improves mining power efficiency, it explained.


What do you think about Nvidia’s ethereum mining limit? Let us know in the comments section below. Bitcoin Hashrate Hits 180 Exahash, Mining Difficulty Climbs Higher, Pools Jump by 35% MINING | 18 hours ago Chinese Tea Retailer Joins the Crypto Mining Industry After Hiring Two Roles to Lead Its "Bitcoin Business Plan" MINING | 2 days ago Tags in this story Cryptocurrency Mining Processor (CMP), Ethereum mining, Graphic processing units (GPUs), Hash rate, Nasdaq Stock Exchange, Nvidia Corporation, Video game consoles


Image Credits: Shutterstock, Pixabay, Wiki Commons Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here. Show comments

News Feed

Jesse Coghlan1 hour agoMeta Q2 earnings: Reality Labs losses top $7.7B year to dateMeanwhile, Meta"s metaverse-building business has racked up around $21 billion in losses since the start of 2022.250 Total views14 Total
Arkansas house passes bills restricting crypto mining
Amaka Nwaokocha3 minutes agoArkansas house passes bills restricting crypto miningMuch of the debate surrounds whether Act 851 should be changed and how specific those changes should be.20 Total viewsListen to article 0:0
Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack
Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in
How to Save Assets After a Metamask Wallet Crash – KeychainX Expert Explains
How to Save Assets After a Metamask Wallet Crash - KeychainX Expert Explains sponsored What if a Metamask wallet has crashed or become corrupted, and a user is afraid of losing all
Wirecard: Crypto Card Users’ Funds Locked as UK Regulator Suspends Subsidiary
Wirecard: Crypto Card Users" Funds Locked as UK Regulator Suspends SubsidiaryUK Financial Conduct Authority (FCA) on Friday suspended the license of Wirecard Card Solutions (WCS), a
Target Announces Massive Waste of Capital - A $5B Share Buyback
On Thursday, Target Corporation announced that its board of directors had authorized a new $5 billion share buyback program. Target would begin repurchasing shares under this new authorization after its current $5 billio
Biggest Movers: XRP Climbs to 3-Week High, DOGE Nearly 10% Higher
Biggest Movers: XRP Climbs to 3-Week High, DOGE Nearly 10% Higher Xrp rallied to a three-week high on Friday, breaking out of a long-term resistance level in the process. The token
Kevin O’Leary Reveals FTX Paid Him $15 Million to Become a Spokesperson for the Exchange
Kevin O"Leary Reveals FTX Paid Him $15 Million to Become a Spokesperson for the Exchange Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has revealed that the collapsed cry
Tom Mitchelhill8 hours agoDo Kwon says SEC’s extradition request is impossibleThe Terraform Labs co-founder has pushed back against the SEC’s request to question him in the United States.4095 Total views18 Total shar
Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note
Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note On November 25, the asset manager Vaneck announced the launch of an exchange-traded
JPMorgan reports holding shares of several spot Bitcoin ETFs
Turner Wright2 hours agoJPMorgan reports holding shares of several spot Bitcoin ETFsThe largest bank in the U.S. with $2.6 trillion in assets reported to the SEC that it had purchased roughly $760,000 worth of shares of
How to long and short with margin trading
Tobias Vilkenson14 hours agoHow to long and short with margin tradingLevel up your crypto trading game with margin trading steps to turn market ups and downs into your winning moves while navigating involved risks.499 To