Nvidia: Ethereum’s PoS Upgrade Will Set Back Graphics Card Demand
As Ethereum’s transition to EIP-1559 and Ethereum 2.0 loom ever closer, discussions over the future of GPU mining have swept over the crypto mining community. If EIP-1559 fails to bring down Ethereum’s obscenely high transaction costs and thus drive Ethereum mining obsolete, the shift to proof-of-stake certainly will. While these thoughts are a dime a […]
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Many people are interested in the GPU mining market but lack the knowledge on setting up a GPU mining rig. This guide will help you to choose the proper graphics card, find suitable mining software, and select a profitable pool that will benefit your personal mining goals. GPU mining isn't that difficult once you know what all goes into setting it up. Once your miner is up and running, you barely need to do anything with it to keep it profitable. GPU Mining - Getting Started Guide. Choosing a graphics card. The first part of setting up your mining rig is choosing the proper hardware.....
The global head of GeForce marketing at Nvidia said that the reduced hash rate "only applies to newly manufactured cards," not to GPUs already purchased. Graphics card giant Nvidia said that the hash rate limiter on its RTX 3060 graphics cards would also be introduced in other RTX 30 series GPUs in an attempt to disincentivize crypto miners.In an announcement from Nvidia on Tuesday, the company said it would be applying a reduced Ethereum hash rate to its newly manufactured GeForce RTX 3080, RTX 3070 and RTX 3060 Ti graphics cards. The models will be identified by a “Lite Hash Rate,” or....
Nvidia's own software update inadvertently removed the RTX 3060's Ether-mining hash rate limiter. A software update released by Nvidia inadvertently bypassed the Ether (ETH) mining block the firm placed on its own GeForce RTX 3060 graphics card. A spokesperson for Nvidia confirmed on Tuesday that the latest 470.05 driver update was mistakenly released with code intended for use only by Nvidia developers, which allowed for the removal of the hash rate limiter.“A developer driver inadvertently included code used for internal development which removes the hash rate limiter on RTX 3060 in some....
The U.S. Securities and Exchange Commission has now penalized graphics card manufacturer Nvidia $5.5 million for failing to disclose to investors how much of its 2017-2018 revenue comes from cryptocurrency miners. Friday, the SEC confirmed the charges and settlement with the company. In its ruling, the agency asserts that Nvidia misled investors by declaring a […]
Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion. Within the graphics segment also falls the gaming division. Nvidia said that its new line of graphics cards based on a new technology called Ampere drew strong interest from computer and videogame console developers. For example, one of the new models, the Geforce RTX 3080, went on sale in September....