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Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining

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Zack Voell
·1 min read
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Nvidia has announced new efforts to ensure its graphics cards “end up in the hands of gamers” instead of cryptocurrency miners.

  • Nvidia’s RTX 3060 software drivers are “designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm,” per a blog post by Nvidia’s VP of global GeForce marketing, Matt Wuebbling.

  • “Users are constantly discovering new applications for [Nvidia GPUs],” the post says. “Mining cryptocurrency is one of them.”

  • But Ethereum miners’ strong demand for new GPUs has caused a shortage in supply, and gamers are not happy.

  • The news comes as Nvidia RTX 30-series GPUs, first released last fall, were spotted in mining farms.

  • If it detects mining activity, RTX 3060 drivers will limit its hashrate by around 50%.

  • The technology giant still plans to serve Ethereum miners, though. With the new Cryptocurrency Mining Processor (CMP), Nvidia is offering a professional mining-specific product that doesn’t “do graphics,” per the post, a move it first announced last month.

  • Thus, CMPs will not impact the availability of GPUs for gamers, Nvidia says.

  • Much of the company’s GPU revenue during the last bull market may have also come from crypto miners, rather than gamers.

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