Nvidia tries to stop using its chips for cryptocurrency mining

[ad_1]

As chip maker Nvidia stepped in to prevent its most popular graphics card from being used for cryptocurrency mining, the battle for high-power silicon between video games and the world of cryptocurrencies began on Tuesday.

The move aims to alleviate the severe shortage faced by video game players and underscores the strong demand from cryptocurrency enthusiasts as prices soared this year.

NVIDIA said Deliberately restrict The features of its most popular video game cards make them less useful in performing the calculations required to verify transactions on the Ethereum network.

This is called mining, and it involves solving complex problems in exchange for part of the token—this becomes more and more attractive as the price of the token (Ether) used on the network soars.

Nvidia’s graphics processing unit (GPU) was originally designed to meet the needs of real-time rendering of video images, which is a challenge in view of the need to process large amounts of data at the same time. Since then, the technology has been adapted to become a workplace of artificial intelligence, which is one of the most data-intensive computing tasks and also the work of encryption mining.

Although it has led to a surge in growth and profits, the demand for cryptocurrencies has created a problem for Nvidia because many of the most dedicated video game players who have long formed its core customer base cannot purchase the latest graphics cards.

Nvidia’s revenue is also increasingly associated with the huge volatility of the cryptocurrency market, causing the price of cryptocurrency to fall back from the last spike in 2018, causing prosperity and depression.

Restricting the use of graphics cards may also help encourage more crypto enthusiasts to purchase a new series of chips that Nvidia launched earlier this year, known as “cryptocurrency mining processors” (Cryptocurrency Mining Processors).

Nvidia stated that video game cards are easier to use to mine Ether than Bitcoin, and the Ethereum network accounts for about 90% of the crypto rewards that can be obtained using the redesigned GPU.

Moor Insights & Strategy analyst Patrick Moorhead said that NVIDIA faces challenges in preventing crypto miners from using game cards without pushing them completely off the GPU. He added that its handling of the shortage so far shows that it has reached the proper balance.

Tom’s hardware guide has recently been adjusted according to different rhythms, judgment Nvidia’s RTX 3080 and 3090 are “with considerable profit” and are the best choice for mining tokens on Ethereum. Since the beginning of this year, the price of tokens has soared nearly six times. Before the recent fall, the total value of tokens was close to 400 billion U.S. dollars, which is equivalent to half of Bitcoin.

The company first took action earlier this year to limit the capacity of one of the graphics cards, the RTX 3060. On Tuesday, the company said it would also restrict the latest 3080 and 3070 cards for the most serious gamers and newest players. 3060 version.

[ad_2]

Source link