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U.S. tech giant Nvidia is set to roll out the GeForce RTX 3060, the company’s latest and most powerful graphics processing unit, later this month.
This is primarily designed to provide the best user experience for gaming and professional work, but the GPU can also be used for other power-hungry tasks including gene sequencing, weather simulations, and crypto mining. change.
With Bitcoin, Etherium, and other digital currencies gaining a lot of value, tech enthusiasts have become increasingly interested in mining cryptocurrency, which has led to a high demand for powerful graphics cards.
Apparently, Nvidia is struggling to keep up with the demand for its GPUs in the market and expects the new GeForce RTX 3060 series to fall short of professional gamers. There is concern that cryptocurrency miners may create a shortage of computing devices.
“We’ve designed GeForce GPUs for gamers, and gamers are crying out for more. Still, NVIDIA GPUs are programmable. And users are constantly discovering new applications for them, from weather simulation and genetic sequencing to deep learning and robotics. Cryptocurrency mining is one of them. With the launch of GeForce RTX 3060 on February 25, we are taking an important step forward to help get GeForce GPUs into the hands of gamers, ”said Matt Wuebbling, vice president of Global GeForce Marketing, Nvidia.
In the coming days, Nvidia is expected to release the RTX 3060 software drivers. It is designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm and limit the hash rate or efficiency of crypto mining. -currency up to 50% on PCs.
On the bright side, Nvidia offers a new line of processors specifically designed for professional Ethereum mining, dubbed NVIDIA CMP (Cryptocurrency Mining Processor).
The company claims that CMP products will not be able to process any graphics, but offer the best performance and mining efficiency.
Must read | Bitcoin breaches $ 56k, ether up 12%
What is cryptocurrency mining?
Simply put, cryptocurrency mining is a transactional procedure that involves the use of computers and cryptographic algorithm to solve complex transactions and save data in a blockchain (a decentralized distributed ledger). For work, a developer is rewarded with a bitcoin or some other cryptocurrency.
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