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Nvidia Nerfs Crypto-mining Capabilities On Their Latest RTX Series Launching This Week

PC Graphics hardware giant manufacturer releases new line of mining GPUs to avoid repeated graphic card shortages.

In a bid to circumvent the graphics card price hikes and deficits seen in recent years as the crypto-miners struggle to get the best hardware, Nvidia has published a mild nerf to its upcoming graphics card.

The new RTX 3060, scheduled to release this week, has seen its software drivers modified to detect the Ethereum (ETH) cryptocurrency mining algorithm’s specific attributes.

Along with limiting the hash rate, this change should reduce cryptocurrency mining efficiency by around 50%.

The move comes following several years of graphics card shortages, first starting in 2018 after Bitcoin (BTC) spiked around 400% in the space of just a few months. Further needs seemed likely following an even more dramatic rise in the cryptocurrency’s value, which increased from around £7,500 on January 3 to £37,000 on February 18.

“With the launch of GeForce RTX 3060 on February 25, we’re taking an important step to help ensure GeForce GPUs end up in the hands of gamers,” said global head of GeForce marketing, Matt Weubbling, in a blog post.

Nevertheless, Nvidia has announced the Cryptocurrency Mining Processor line for professional mining.

“CMP products — which don’t do graphics — are sold through authorized partners and optimized for the best mining performance and efficiency,” said Weubbling. “They don’t meet the specifications required of a GeForce GPU and, thus, don’t impact the availability of GeForce GPUs to gamers.”

Also, in a statement to The Verge, Nvidia verified that it would not nerf the existing GPUs’ mining capability.

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