Graphics chip maker Nvidia has announced the launch of NVIDIA CMP, a cryptocurrency mining processor that is specifically designed for Ethereum, in its Feb. 18 blog post.
The innovative product does not support graphics, which allows miners to achieve better performance. By removing display outputs, for instance, it is possible to improve airflow conditions.
NVIDIA CMP also consumes less electricity because of its lower voltage and frequency.
Gamers and miners can bury the hatchet
At the same time, Nvidia also halved the hashrate of its soon-to-be-launched GeForce RTX 3060 GPUs to make them less appealing for miners and more accessible for gamers:
With the launch of GeForce RTX 3060 on Feb. 25, we're taking an important step to help ensure GeForce GPUs end up in the hands of gamers.
BTC and ETH to Benefit from US-China Trade Detente, Tom Lee ClaimsMichael Saylor Drops 'Orange Dot Day' Teaser: Did Strategy Buy More Bitcoin Last Week?-62% and 978,000,000 SHIB in 24 Hours: This Is Extremely Good SignMorning Crypto Report: Why Is XRP Price Up Today? Ripple CEO and President Defy Retail Fear, Cardano at Risk of 20% Death Cross Crash
Its flagship GPUs have become increasingly popular with miners due to the mushrooming profitability of Ethereum mining.
During the previous bull run, gamers became increasingly frustrated by the boom in Bitcoin mining in 2017 that sent GPU prices through the roof due to supply shortages.
The boom was followed by a bust, and Nvidia ended up shifting its focus away from the crypto sector. Last May, it got sued for allegedly passing off its mining-related sales as gaming revenue.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team