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Nvidia Redesigns GPUs to Limit Their Use in Ethereum Mining

  • Posted On - 2021-02-19 09:18:06

The most popular computer graphics card maker, Nvidia has recently announced new efforts to ensure its hardware “end up in the hands of gamers” instead of cryptocurrency miners.

Nvidia's RTX 3060 software drivers are "designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm," said Nvidia's VP of global GeForce marketing, Matt Wuebbling, in a blog.

"Users keep discovering new applications for [Nvidia GPUs], and mining cryptocurrency is one of them" the post says.

But Ethereum miners' huge demand for new GPUs has caused a shortage in supply, and the main consumers of Nvidia, gamers are not happy with that.

The news comes as the latest Nvidia RTX 30-series GPUs, first released last fall, were spotted in cryptocurrency mining farms.

If it detects mining activity, RTX 3060 software drivers will limit its hashrate by approximately 50%.

Though the tech giant still plans to serve Ethereum miners. With the brand new Cryptocurrency Mining Processors (CMP), Nvidia is offering a professional mining product specifically designed for mining that doesn't "do graphics," as per the source.

Thus, CMPs are not going to impact the availability of GPUs for gamers, Nvidia says.

Much of the company's GPU revenue during the last bull market may have also come from crypto miners more rather than gamers.