Cryptocurrency adjustment from Nvidia to GPUs

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In the days of the cryptocurrency market fluctuating, Nvidia deliberately makes the new RTX 3060 graphics cards less efficient for mining Ethereum cryptocurrency. The firm will reduce the hash rate of Ethereum mining by about 50 percent through a software to increase demand for new drivers it will launch later this month.

RTX 3060 will be less efficient

“We designed GeForce GPUs for gamers, and gamers want more,” said Matt Wuebbling, Nvidia’s Global Head of GeForce Marketing. Still, Nvidia GPUs can be programmed. Users are discovering new applications such as weather simulation and gene sequencing and robotic coding. Crypto money mining is one of them. It is clear that we have made changes to help the availability of GeForce products. We are instead introducing a new Cryptocurrency Mining Processor (CMP) for Ethereum miners. “These will include the best performance for mining and productivity, but they won’t handle graphics at all,” he said.

CMP products will not have screen inputs so that they can be packaged more densely in systems designed for mining. Nvidia will also allow CMPs to have lower peak core voltage and frequency to improve the large power requirements associated with Ethereum mining. Related to this, Wuebbling said, “With CMP, we can protect GeForce RTX GPUs for gamers and help them create the most efficient data centers for miners”.

While those involved in cryptocurrency medics are pleased with the offering of this special option, it seems that the transition to poor mining performance on the RTX 3060 will bring criticism. Nvidia aims to ensure that its most popular new GPU focuses solely on gaming and respond to chip demand in this period when all industries, whether game or car production, have problems due to chip shortages.

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