US technology giant Nvidia is ready to launch the GeForce RTX 3060, the company’s latest and most powerful graphics processing unit later this month.
This is primarily designed to deliver the best user experience for gaming and professional work, but the GPU can also be used for other power-intensive tasks, including gene sequencing, weather simulations and cryptocurrency operation.
With Bitcoin, Etherium and other digital currencies gaining a lot of value, there is a growing interest among technology enthusiasts to extract cryptocurrency, and this has led to a lot of demand for powerful graphics cards.
Apparently, Nvidia is struggling to meet the demand for GPUs in the market and expects that the new GeForce RTX 3060 series may not reach the pro gamers. It is worrying that cryptocurrency workers can create a shortage of computer peripherals.
“We designed GeForce GPUs for gamers, and gamers are complaining about more. 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. With the launch of GeForce RTX 3060 On February 25, we take an important step to ensure that GeForce GPUs end up in the hands of gamers, “said Matt Wuebbling, VP of Global GeForce Marketing, Nvidia.
In the coming days, Nvidia will release RTX 3060 software drivers. It is designed to detect specific attributes of the Ethereum mining algorithm, and limit the hash frequency or efficiency of cryptocurrency mining by up to 50% on PCs.
On the bright side, Nvidia brings a new series of processors specifically designed for professional Ethereum mining, called NVIDIA CMP (Cryptocurrency Mining Processor).
The company says that the CMP products will not be able to process any graphics, but offer the best mining performance and efficiency.
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What is cryptocurrency mining?
Simply put, cryptocurrency operation is a transactional procedure that involves the use of computers and a cryptographic algorithm to solve complex operations and record data in a blockchain (a decentralized distributed ledger). For the work, a developer is rewarded with a bitcoin or other cryptocurrency.
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