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Nvidia extends limits on crypto mining to latest gaming graphics playing cards

05/18/2021

The worldwide head of GeForce advertising at Nvidia mentioned that the lowered hash price “solely applies to newly manufactured playing cards,” to not GPUs already bought.

Graphics card big Nvidia mentioned that the hash price limiter on its RTX 3060 graphics playing cards would even be launched in different RTX 30 collection GPUs in an try to disincentivize crypto miners.

In an announcement from Nvidia as we speak, the corporate mentioned it might be making use of a lowered Ether (ETH) hash price to its newly manufactured GeForce RTX 3080, RTX 3070 and RTX 3060 Ti graphics playing cards. The fashions might be recognized by a “Lite Hash Charge,” or LHR, label, aimed toward getting its graphics processing models, or GPUs, to its goal clients somewhat than cryptocurrency miners.

“This lowered hash price solely applies to newly manufactured playing cards with the LHR identifier and to not playing cards already bought,” mentioned Nvidia’s international head of GeForce advertising Matt Wuebbling. “We imagine this extra step will get extra GeForce playing cards at higher costs into the fingers of avid gamers in every single place.”

Nvidia restricted the hash price on a few of its earlier GPU fashions, saying in February that the adjustments lowered mining efficiency by 50%. Nonetheless, in March a driver replace from the graphics card producer inadvertently eliminated the limiter, permitting some crypto miners to attain a hash price of 118.9 megahashes per second for mining tokens utilizing Nvidia’s RTX 3060 collection.

Many customers responding to the information on pc information web site VideoCardz appeared to imagine that the expanded hash price limits would cut back the inducement for Nvidia consumers to instantly resell their GPUs to crypto miners for a revenue.

“The worth a miner would pay for these playing cards ought to now additionally drop barely extra in half too,” mentioned VideoCardz person manicdan. “If the standard eBay value was $2000 [for example], the brand new one must be nearer to $1000. This is perhaps manner over the unique value of a $500-$600, however hopefully additionally reduces the will for scalpers to attempt so exhausting and possibly extra get into avid gamers fingers on the retailer somewhat than on eBay since scalpers must promote a card for a large revenue to cowl the eBay price, their time, and taxes.”

Person Prince FA added:

“Miners will not be enticed to pay the insane present costs for half the profitability.”

The corporate will begin delivery the brand new RTX 3080, RTX 3070 and RTX 3060 Ti graphics playing cards in late Might, with the LHR label in retail product listings and on the field.