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Technology Nvidia is nerfing its new RTX 3060 for Ethereum cryptocurrency mining

17:21  18 february  2021
17:21  18 february  2021 Source:   theverge.com

Nvidia at CES 2021: RTX 3060, RTX 30-series laptop chips it says outperform Sony's PS5

  Nvidia at CES 2021: RTX 3060, RTX 30-series laptop chips it says outperform Sony's PS5 The chip giant unveiled its latest RTX 30-series desktop graphics chip, and its first new laptop graphics chips.Nvidia's RTX 3080 is one of the hottest computer products today.

Nvidia is purposefully making its new RTX 3060 graphics cards less efficient to mine Ethereum cryptocurrency. New drivers that will accompany the release of the GPUs later this month will reduce the hash rate of Ethereum mining by around 50 percent, using software detection for cryptocurrency mining.

a close up of a sign © Illustration by Alex Castro / The Verge

“We designed GeForce GPUs for gamers, and gamers are clamoring for more,” says Matt Wuebbling, head of global GeForce marketing at Nvidia. “Yet 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.”

Sure enough, EVGA and Zotac have raised prices on the Nvidia RTX 3080 and beyond

  Sure enough, EVGA and Zotac have raised prices on the Nvidia RTX 3080 and beyond Trump tariffs and pandemic constraints mean you’ll pay moreBoth graphics card manufacturers have now raised their prices across the board, with EVGA following Asus’s lead by openly admitting at the top of its website that it’s making these adjustments. Zotac, on the other hand, appears to have quietly raised prices not once, but twice in recent weeks — and thanks to the Internet Archive’s Wayback Machine, we can show you how both company’s prices have changed (at their own stores, anyhow).

It’s clear Nvidia is making the changes to try and help with the availability of its GeForce products. Nvidia is offering a new Cryptocurrency Mining Processor (CMP) for Ethereum miners instead. These will include the best performance for mining and efficiency, but they won’t handle graphics at all. Nvidia says these CMP products, crucially, “don’t impact the availability of GeForce GPUs to gamers.”

a close up of a sign: Nvidia’s new Cryptocurrency Mining Processor (CMP). © Image: Nvidia Nvidia’s new Cryptocurrency Mining Processor (CMP).

The CMP products won’t have display inputs so they can be more densely packed into systems designed for mining. Nvidia is also ensuring CMPs have lower peak core voltage and frequency to improve the big 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 option for miners is welcomed, Nvidia’s move to specifically nerf mining performance on the RTX 3060 is likely to receive criticism. It’s an artificial limit imposed with software restrictions, that’s been put in place because Nvidia is struggling to make enough GPUs to satisfy demand.

NVIDIA benefits from the mining boom: sales forecast for crypto chips tripled .
The CMP chips specially developed for the mining crypto currencies are clearly torrential heel. NVIDIA has significantly raised sales forecast for this hardware area. © Nvidia Krypto Mining Chip from Nvidia. The Mining Boom continued for months ago had recently taken care of the fact that NVIDIA's powerful graphics cards intended for gamers were hardly available. In February, NVIDIA had designed chips designed for the mining crypto feeds - the Cryptocurrency Mining Processors (CMP).

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