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Nvidia acquires its new RTX 3060 for Ethereum cryptocurrency mining



Nvidia is making its new RTX 3060 graphics cards less effective in extracting Ethereum cryptocurrency. New drivers that will come with the release of the GPUs later this month will reduce the hash speed of Ethereum mining by about 50 percent, using cryptocurrency detection software.

“We designed GeForce GPUs for gamers, and gamers are complaining about more,” said Matt Wuebbling, head of global GeForce marketing at Nvidia. “Still, NVIDIA GPUs are programmable. And users are constantly discovering new applications for them, from weather simulation and gene sequencing to deep learning and robotics. Mining cryptocurrency is one of them. ”

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7;s clear that Nvidia is making the changes to try to help with the availability of GeForce products. Nvidia instead offers a new Cryptocurrency Mining Processor (CMP) for Ethereum miners. These include the best performance for mining and efficiency, but they will not handle graphics at all. Nvidia says that these CMP products, crucially, “do not affect the availability of GeForce GPUs to gamers.”

Nvidia’s new Cryptocurrency Mining Processor (CMP).
Image: Nvidia

CMP products do not have screen inputs, so they can be packed more tightly in systems designed for mining. Nvidia also ensures that CMP has lower peak voltage and frequency to improve the large power requirements associated with Ethereum mining. “With CMP, we can help miners build the most efficient data centers while preserving GeForce RTX GPUs for gamers,” says Wuebbling.

While the introduction of a dedicated alternative for miners is welcome, Nvidia’s transition to specific nerf mining on the RTX 3060 is likely to receive some criticism. There is an artificial limit imposed with software limitations put in place because Nvidia is struggling to make enough GPUs to meet the demand.

The entire industry, from games to car manufacturing, is affected by chip shortages right now. Nvidia clearly feels that this is the right time to respond to GPU demand by ensuring that what is probably the most popular new GPU is focused solely on gaming.


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