Recently, NVidia announced in their blog that the company is implementing a new “feature” to their RTX 3060 and future cards. This new implementation will detect mining-related operations and limit the GPU resources, thus reducing mining speed.
What’s going on?
So far, the only affected cryptocurrency is Ethereum. The hashrate reduction is a solid 50%. According to NVidia, the reason for this ‘nerf’ is to decrease the demand for new-gen GPUs in the mining community, and fight the current gaming GPU shortage.
NVidia however still wants to support the mining community. In order to do that, the company announced the NVidia CMP – a GPU-like card without any output ports designed specifically for mining GPU-minable coins.
We have already seen something similar with the Nvidia P102-100 GPUs , though never before NVidia has forced miners away from using gaming GPUs so openly.
The Downsides
As a gamer myself, I would love to see the gaming GPU shortage issue solved. In fact, the only reason I’ve got into mining a few years ago was so I could game on a high-end GPU and have it pay for itself over time.
Having gaming gear that pays for itself is any gamer’s dream. Now, do these actions by NVidia get us any closer to that dream?
The answer is probably no. Here’s why:
#1. Big Mining Facilities Will Still Deplete Gaming GPU Stocks
Some people zealously defend NVidia for its decision. What they don’t understand is that mining is a GPU sink. Big mining facilities will keep buying GPUs in bulk as long as mining is somewhat profitable.
And here’s the thing – NVidia is more than happy to supply miners with gaming GPUs.
Some of you already noticed that NVidia is using the term ‘Mining community’ a bit too vaguely, which makes some of their public statements misleading. Let me explain.
We need to understand that the mining community is comprised of two groups of people. The first group are the home miners, most of which are gamers, the ones NVidia is supposed to be defending.
The second group are the big mining facilities. They are the ones that buy most of the GPU’s and cause the gaming GPU shortage to begin with. I am talking about the multimillion companies, most of which are located in China, Iceland and other countries with free electricity. Those companies can afford to buy a big share…
Click Here to Read the Full Original Article at 1st Mining Rig…