Nvidia, the world leader in visual computing technologies and according to their website, the “inventor of the GPU”, has announced that it will be making its upcoming $329 RTX 3060 graphics cards less desirable for cryptocurrency miners.
“We’re limiting the hash rate of GeForce RTX 3060 GPUs so they’re less desirable to miners and launching NVIDIA CMP for professional mining.“
Nvidia’s GPUs are scheduled to be released on 25 February and come with software drivers that will apparently reduce the efficiency of Ethereum mining by 50% by using a type of software detection for cryptocurrency mining.
“We designed GeForce GPUs for gamers, and gamers are clamoring for more,” says Matt Wuebbling, head of global GeForce marketing at Nvidia. “Yet NVIDIA GPUs are programmable. And users are constantly discovering new applications for them, from weather simulation and gene sequencing to deep learning and robotics. Mining cryptocurrency is one of them.”
And so far, Nvidia seems to be true to its words. Youtuber CryptoLeo has managed to acquire and test a GeForce RTX 3060 before its official launch next week and just two minutes after he began, the hash rate – the measuring unit of the processing power of the Bitcoin network – dropped from 41.5 MH/s to 26-24 MH/s.
Instead, the company is offering a new Nvidia Cryptocurrency Mining Processor (CMP) for Ethereum miners. Cryptomining has grown exponentially over the past years and tech companies are stepping up to meet the increased demand. This product is created specifically for professional mining that lacks display outputs, doesn’t handle graphics, and doesn’t “impact the availability of GeForce GPUs to gamers.”
“CMP products — which don’t do graphics — are sold through authorized partners and optimized for the best mining performance and efficiency,” Nvidia said. “They don’t meet the specifications required of a GeForce GPU and, thus, don’t impact the availability of GeForce GPUs to gamers.”