Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining

Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining
Cryptocurrency News
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Nvidia has announced new efforts to ensure that its graphics cards “go to 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.
  • It said that "[Nvidia GPUs] enable users to discover new applications," the post says. A common example is mining cryptocurrency.
  • But Ethereum miners' strong demand for new GPU's has caused a shortage in supply, and gamers aren't happy.
  • The news comes as Nvidia RTX 30-series GPUs, first released last fall, were spotted in mining farms.
  • RTX 3060 drivers that detect mining activity will reduce hashrate by around 50%.
  • Even so, the technology giant is still planning to serve Ethereum miners. 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.
  • Nvidia says CMPs will not impact the availability of GPUs for gamers.
  • 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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