Skip to main content

Nvidia Limits the Efficiency of Mining Ether Using Its GPUs by 50%

Nvidia Limits the Efficiency of Mining Ether Using Its GPUs by 50%

Nvidia announced that it will start limiting the efficiency of mining ethereum or any other crypto using its new range of upcoming graphics processing units (GPUs).

In a blog post published Feb. 19, the U.S. hardware maker said this limitation will feature first on its new Geforce RTX 3060 card, which is scheduled for release on Feb. 25.

Nvidia revealed that the new GPU software drivers are designed to detect specific attributes of the ether (ETH) mining algorithm, and limit the hash rate, or cryptocurrency mining efficiency, by around 50%.

However, the software won’t limit the efficiency of all crypto mining activities, Itpro reported, “with the limiter only activating when processes use Dagger Hashimoto or Ethash-like algorithms.”

The Nasdaq-listed firm is hoping that the restriction will discourage the purchase of gaming-oriented graphics cards for large ethereum mining operations. ETH is one of a few coins that can still be mined using graphics cards.

GPUs, which are mainly used in video game consoles, have reportedly been in short supply due to hoarding by ETH miners, manufacturing limitations and supply chain issues resulting from the Covid-19 pandemic. Prices have soared, as a result.

“We are gamers, through and through,” Nvidia declared. “We obsess about new gaming features, new architectures, new games and tech. We designed Geforce GPUs for gamers, and gamers are clamoring for more,” it added.

However, Nvidia revealed that it is planning to produce GPUs specifically targeting ethereum miners called Cryptocurrency Mining Processor (CMP). It said the new mining processor, due for release in March, will not “do graphics” and will not “meet the specifications required of a Geforce GPU and, thus, don’t impact the availability of Geforce GPUs to gamers.”

The firm stated that the CMP “lacks display outputs, enabling improved airflow while mining so they can be more densely packed.” CMPs also have a lower peak core voltage and frequency, which improves mining power efficiency, it explained.

What do you think about Nvidia’s ethereum mining limit? Let us know in the comments section below.



from Bitcoin News https://ift.tt/3dAvYR1
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more