Nvidia removes mining rate limits on the GeForce RTX 3060 with a new beta driver [Update]
Mar 15, 2021 11:30 EDT with 10 comments
Prior to the launch of the GeForce RTX 3060 graphics cards, Nvidia announced that the GPU would come with an algorithm designed to cut the mining hash rate of the card in half, specifically for the Ethereum cryptocurrency. The goal, according to the company, was to prevent cryptocurrency miners from hogging all the stock of the card and blocking gamers from getting the cards. At the same time, the company launched dedicated mining GPUs without display outputs to cater to the mining market.
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
Like the prospectors during the California gold rush of 1849, today s cryptocurrency miners seek gold from them thar hills, and this time those hills just happen to be in Wyoming.
Mining for cryptocurrencies, such as Bitcoin, Litecoin, and Dogecoin, doesn t require a pickax and a gold pan. Instead, cryptocurrency miners earn Bitcoin by verifying Bitcoin transactions, such as buying and selling.
How is Bitcoin mined?
In a process conceived by Bitcoin s anonymous founder, Satoshi Nakamoto, miners complete blocks of transactions on the
blockchain, which is an electronic ledger.
Bitcoin miners verify transactions, making sure that the same coin has not been bought or sold twice. The transactions are in 1 MB (megabyte)
Kehoe Law Firm, P.C.
SOS Limited Investors Who Have Suffered Losses Greater Than $50,000 Encouraged To Contact Kehoe Law Firm, P.C.
PHILADELPHIA, PA, USA, March 10, 2021 /EINPresswire.com/ Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of SOS Limited (“SOS” or the “Company”) (NYSE: SOS) to determine whether the Company engaged in securities fraud or other unlawful business practices.
On February 26, 2021, SeekingAlpha reported that Hindenburg Research reported that SOS “drop[ped] 17% after Hindenburg Research [said] it’s short on the stock, noting [SOS’s] significant regulatory risk.”
SeekingAlpha also reported that Culper Research “released a short report on SOS . . ., saying it believes the shares are ‘worthless’. Culper says SOS s claims around its cryptocurrency mining purchases and acquisition appears to be ‘extremely problematic.’”
Integrated Ventures Inc (OTC: INTV) confirmed the execution of a 3-year colocation and hosting contract for cryptocurrency mining services with Compute North, an efficient data center infrastructure for investors and large-scale clients in blockchain, cryptocurrency mining, and high-performance computing, with three locations in the U.S. The deal is expected to cut direct mining operational costs, maximize and enhance the hash rate and provide growth and expansion opportunities for INTV. The company will start shipping the recently purchased Avalon A1246 miners from Canaan, Inc (NASDAQ: CAN) to the Compute North facilities, located in Nebraska and Texas, as of March 30. The company expects to secure additional equity-based funding to purchase over 2,000 miners and involve an industry-leading consulting group to launch a new corporate and IR website over the next month. The company is estimated to benefit from onsite technicians as per Integrated Ventures CEO Steve Rubakh. Price action: