Nvidia is nerfing its new RTX 3060 for Ethereum cryptocurrency mining

Nvidia is purposefully making its new RTX 3060 graphics playing cards much less environment friendly to mine Ethereum cryptocurrency. New drivers that may accompany the discharge of the GPUs later this month will cut back the hash fee of Ethereum mining by round 50 %, utilizing software program detection for cryptocurrency mining.

“We designed GeForce GPUs for avid gamers, and avid gamers are clamoring for extra,” says Matt Wuebbling, head of world GeForce advertising and marketing at Nvidia. “But NVIDIA GPUs are programmable. And customers are always discovering new purposes for them, from climate simulation and gene sequencing to deep studying and robotics. Mining cryptocurrency is considered one of them.”

It’s clear Nvidia is making the adjustments to attempt to assist with the provision of its GeForce merchandise. Nvidia is providing a brand new Cryptocurrency Mining Processor (CMP) for Ethereum miners as an alternative. These will embody the very best efficiency for mining and effectivity, however they received’t deal with graphics in any respect. Nvidia says these CMP merchandise, crucially, “don’t affect the provision of GeForce GPUs to avid gamers.”

Nvidia’s new Cryptocurrency Mining Processor (CMP).
Picture: Nvidia

The CMP merchandise received’t have show inputs to allow them to be extra densely packed into techniques designed for mining. Nvidia can be making certain CMPs have decrease peak core voltage and frequency to enhance the massive energy necessities related to Ethereum mining. “With CMP, we can assist miners construct probably the most environment friendly knowledge facilities whereas preserving GeForce RTX GPUs for avid gamers,” says Wuebbling.

Whereas the introduction of a devoted choice for miners is welcomed, Nvidia’s transfer to particularly nerf mining efficiency on the RTX 3060 is more likely to obtain criticism. It’s a man-made restrict imposed with software program restrictions, that’s been put in place as a result of Nvidia is struggling to make sufficient GPUs to fulfill demand.

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