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Nvidia restricts the use of its gaming chips for cryptocurrency mining
Nvidia restricts the use of its gaming chips for cryptocurrency mining
The restriction is aimed to prevent the shortage of Nvidia s GPU units for its gamer community.
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Nvidia RTX 3080
HIGHLIGHTS
Nvidia has announced that its GeForce RTX series graphics cards will now have reduced cryptocurrency mining capabilities.
The GPU units have seen an increased use for cryptocurrency mining over the past few months.
The increased demand due to crypto mining is leaving gamers devoid of a chance to buy the new Nvidia GPUs.
Nvidia has announced that it is limiting the capabilities of its latest RTX 30 series graphics cards such that they can’t be used for cryptocurrency mining. The move comes amid the shortage of graphic card units for the company’s major consumer base of gamers.
Most new NVIDIA RTX gaming GPUs will be crypto-limited engadget.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from engadget.com Daily Mail and Mail on Sunday newspapers.
What Happened: NVIDIA Corporation (NASDAQ: NVDA) announced the creation of a new product offering – the NVIDIA CMP, meant exclusively for cryptocurrency mining in February. In order to separate its product offerings between gamers and miners, NVIDIA limited the hash rate of its GeForce RTX 3060 mining chip that had become increasingly popular 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,” said NVIDIA in a blog last month. However, their plans seem to have been short-lived as Ethereum (CRYPTO: ETH) miners based in China found a way to bypass this limited hash rate using a custom mod. Dammit Chinese mod pic.twitter.com/dBNjpJQLMl — I Leak VN (@I Leak VN) March 10, 2021 Screenshots posted by a Twitter account that documents tech leaks depicted a stack of eight RTX 3060 graphics cards operating at far above NVIDIA’s impo