U.S. markets close in 1 hour 39 minutes
  • S&P 500

    4,159.87
    -25.60 (-0.61%)
     
  • Dow 30

    34,052.78
    -147.89 (-0.43%)
     
  • Nasdaq

    13,897.96
    -154.38 (-1.10%)
     
  • Russell 2000

    2,229.97
    -32.70 (-1.45%)
     
  • Crude Oil

    63.45
    +0.32 (+0.51%)
     
  • Gold

    1,771.00
    -9.20 (-0.52%)
     
  • Silver

    25.84
    -0.26 (-1.00%)
     
  • EUR/USD

    1.2038
    +0.0058 (+0.48%)
     
  • 10-Yr Bond

    1.5980
    +0.0250 (+1.59%)
     
  • GBP/USD

    1.3988
    +0.0148 (+1.07%)
     
  • USD/JPY

    108.1150
    -0.6680 (-0.61%)
     
  • BTC-USD

    55,600.98
    +154.68 (+0.28%)
     
  • CMC Crypto 200

    1,257.56
    -41.39 (-3.19%)
     
  • FTSE 100

    7,000.08
    -19.45 (-0.28%)
     
  • Nikkei 225

    29,685.37
    +2.00 (+0.01%)
     

Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining

  • Oops!
    Something went wrong.
    Please try again later.
Zack Voell
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

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.

Related Stories