What Occurred: NVIDIA Company (NASDAQ: NVDA) introduced the creation of a brand new product providing – the NVIDIA CMP, meant solely for cryptocurrency mining in February.
With the intention to separate its product choices between avid gamers and miners, NVIDIA restricted the hash price of its GeForce RTX 3060 mining chip that had turn into more and more standard for cryptocurrency miners.
“We’re limiting the hash price of GeForce RTX 3060 GPUs, so that they’re much less fascinating to miners and launching NVIDIA CMP for skilled mining,” stated NVIDIA in a blog final month.
Nevertheless, their plans appear to have been short-lived as Ethereum (CRYPTO: ETH) miners primarily based in China discovered a option to bypass this restricted hash price utilizing a customized mod.
Screenshots posted by a Twitter account that paperwork tech leaks depicted a stack of eight RTX 3060 graphics playing cards working at far above NVIDIA’s imposed 20-25 MH/s mining restrict.
A gaggle of Vietnamese miners on Fb additionally confirmed the GPU‘s means to speed up to 50 MH/s.
Why It Issues: Recognizing the recognition of cryptocurrency mining, NVIDIA had deliberate to launch Cryptocurrency Mining Processors (CMP) to handle the precise wants of Ethereum mining.
“With CMP, we will help miners construct essentially the most environment friendly information facilities whereas preserving GeForce RTX GPUs for avid gamers,” acknowledged the corporate.
Nevertheless, plainly cryptocurrency miners have continued to make use of GeForce RTX 3060 as their mining chip of alternative, bypassing NVIDIA’s deliberate restrictions in hash price.
This appears to be the extra economical alternative for miners because it brings GPU efficiency as much as par with the GeForce RTX 3060 at a lower cost and energy consumption.
Picture: Javier Esteban through Unsplash
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