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MSI Comes Up with Graphics Cards for Crypto Mining in Response to Nvidia's 'Ampere' GPUs

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Wed, 09/02/2020 - 17:47
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Alex Dovbnya
MSI registers high-end GPUs for cryptocurrency mining
MSI Comes Up with Graphics Cards for Crypto Mining in Response to Nvidia's 'Ampere' GPUs
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Taiwanese computer giant MSI has registered five graphics cards that are specifically designed for mining cryptocurrency, PC Gamer reports.

MSI is repurposing its old stock of GPUs that already seem obsolete after Nvidia’s that are powered by the manufacturer’s Ampere microarchitecture. 

Nvidia’s new affordable GPUs 

During its Sept. 1 event, Nvidia unveiled its much-awaited GeForce RTX 30-series GPUs that offer blow out of the water its previous products.

The flagship RTX 3080 card, which comes with 8,704 CUDA Cores and the peak memory bandwidth of 760 GB/s, will set you back only $699, thus substantially lowering the cost of hind-end gaming.

GeForce
image by www.nvidia.com

MSI’s database listing doesn’t show the exact specifications of its custom graphics cards. It’s not clear whether or not they will be able to bring anything new to the table apart from the name.

According to NiceHash, NVIDIA GTX 1660 Super is currently able to earn its owner about $2.72 per day for mining crypto.   

GeForce RTX 2060 is on par in terms of profitability, currently generating about $2.49 per day for Ethereum miners.

Related
‘Cryptocurrency Is in Our Past’: Nvidia CEO

The GPU gold rush 

While MSI’s pivot to crypto could simply be a gimmick meant to make its leftover inventories more appealing, it shows that the graphics card industry hasn’t abandoned crypto for good.

During the great crypto frenzy in 2017, miners snapped up over three million GPUs but the demand dried up the following year during a bear market.

Nvidia is currently facing a class action lawsuit whose plaintiffs claim that the company tried to camouflage its profits from mining. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.