Nvidia Restricts Ethereum Mining On Its Three GeForce Gaming Graphic Cards

One of the largest graphics card producers, Nvidia, has announced that it will limit its hash rate for its three newest graphics cards that will be marked “Lite Hash Rate” in an attempt to disincentivize the miners.

In an announcement made on Tuesday by Nvidia’s chief global marketing officer for GeForce, Matt Wuebbling, the affected graphics cards are RTX 3070, RTX 3080 as well as RTX 3060 Ti.

The firm explained that it will reduce the hash power of the three newest graphics cards by 50 percent in efforts to ensure that their high-end GPUs will only attract gamers rather than Ethereum miners.

Weubbling explained that the limitation of hash power will only be applied on only the newly manufactured GPUs. He said,

“This reduced hash rate only applies to newly manufactured cards with the LHR identifier and not to cards already purchased. We believe this additional step will get more GeForce cards at better prices into the hands of gamers everywhere.”

Nvidia had initially announced the introduction of limited hash rate on various GPU series in February. However, a driver update in March led to the removal of the limits with some crypto miners using the RTX 3060 model achieving a hash rate of about 118.9 megahashes per second.

The recent surge in Ether (ETH) prices has seen a spike for Nvidia’s gaming graphics and there are fears of GPU shortages should Ether’s price rise again. The profits for Ethereum miners surpassed those of Bitcoin miners on May 12 depicting the high number of Ethereum miners in the industry.

Nvidia seems ready to let go of the opportunity to leverage the ongoing Ether craze as it has already rolled on its own crypto mining processor.

The firm is set to kick off shipping of the three new graphics cards at the end of this month and will include the LHR label on the box as well as in retail product listings.

It however remains unclear whether the limits on hashrate will have any effect on the performance of the new graphics card. Some commentators have gone ahead to ask for a reduction in their prices since they will not be much more powerful.

The post Nvidia Restricts Ethereum Mining On Its Three GeForce Gaming Graphic Cards first appeared on BitcoinExchangeGuide.

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Author: Joseph Kibe

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