Cryptocurrency News

Nvidia’s new RTX 3070 and 3080 Ti cards try to cater to gamers and minors

Nvidia’s new 3070 Ti and 3080 Ti graphics cards will launch with Ethereum hash rate limiters when they go on sale later this month. Nvidia announces the release of new cards during its Computex 2021 livestream on Monday, where it unveiled the specifications and release dates of both the models.

Of particular interest to cryptocurrency enthusiasts is Nvidia’s decision to launch cards with in-built limiters aimed at curbing their ether (ETH)-mining utility.

The company previously promised to make a crypto-specific card Designed for mining Ether and other GPU-compatible cryptocurrencies. The move was designed to address demand from crypto miners, but Nvidia’s insistence on releasing all of its new GPUs with crypto-limiters suggests that the plan may not be as sure as before. .

Nvidia recently declared In its first quarter earnings report that it could not accurately assess the demand coming from cryptocurrency miners. This despite black market prices in the 3000 range. sold out 300% more Compared to retail, millions of dollars have already been accumulated in estimated secondary market sales.

While the 3060, 3070 and 3080 (including their TI models) will all feature specially designed Light Hash Rate (LHR) GPUs, Nvidia made no mention of the 3090 series of cards. Located at the high end of Nvidia’s product range, the 3090 is at a high enough price point that its demand by gamers or miners is generally limited to begin with.

what’s more, a comparison In the 3080 Ti and 3090 the former is described as the same as the latter. The only difference is that the 3090 packs 24GB of video RAM compared to the 3080’s 12GB.

Despite Nvidia’s actions in the near future, its supply puzzle related to the ether miner will end during the next 6–12 months, as Ethereum bets proof-of-work from its proof-of-work consensus algorithm. At this point, graphics cards will become irrelevant in relation to the production of ETH coins. While this appears to detract from the card’s value in the long run, the remaining time frame to profit from ETH mining could result in a further surge in demand and subsequent supply shortages.