Advanced Micro Devices, Inc. (NASDAQ: AMD) takes a diametrically opposite stance Nvidia Corporation (NASDAQ: NVDA) about imposing restrictions on the use of my gaming graphics cards for cryptocurrency, reported PC Gamer.
What happened: AMD reportedly confirmed that they would not block workload on the Radeon RX 6700 XT graphics processing units.
“We will not block any workload, not just mining for that matter,” said Nish Neelalojanan, product manager at AMD, according to PC Gamer.
“First and foremost, RDNA was designed from the ground up for games and RDNA 2 doubled up on this. And what I mean by this is that Infinity Cache and a smaller bus width were carefully chosen to hit a very specific hit rate. ”
However, Neelalojanan added a warning that mining enjoys or scales with higher bandwidth and bus width, meaning that there will be limitations caused by an “architectural level”
Why it applies: While Nvidia’s 24 GB GeForce RTX 3090 GPU can min Ethereum (CRYPTO: ETHER) with up to 120 MH / s, advanced RDNA 2 cards based on AMD’s Navi 21 chip, can handle 58-64 MH / s, noted PC Gamer. ETH traded 1.61% lower at $ 1,776.73 at press time.
AMD GPU drivers are based on Linux and are all open source, which raises the question of whether the company could initially implement a mining operation.
Last week, Nvidia said it had inadvertently unlocked the ETH mining performance after updating the drivers for the RTX 3060.
Nvidia tried to counteract the use of the RTX 3060 GPUs through drivers in the past, so that they would be 50% less efficient when mining ETH.
Chipmaker estimates that between $ 100 million and $ 300 million of fourth-quarter revenue came from ETH miners.
Nvidia has introduced a cryptocurrency mining processor, which they said will help miners build “the most efficient data centers while preserving GeForce RTX GPUs for gamers”, but has been criticized for its pricing.
Price action: AMD shares closed 1.2% higher at $ 79.06 on Friday and fell 0.3% in aftermarket. On the same day, Nvidia shares closed 0.97% higher at $ 513.83 in the regular session and fell 0.13% in after-sales.
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