Thursday, September 16

NVIDIA Limits Ethereum (ETH) Mining to Three New GPUs

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NVIDIA has deliberately limited the mining capabilities of three new graphics cards (RTX 3070, RTX 3080 and RTX 3060 Ti), labeling them as “Lite Hash Rate”, according to GeForce head of marketing Matt Wuebbling.

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Graphics giant NVIDIA wants to reduce its hash power by 50% so that its top GPUs fall into the hands of gamers rather than Ethereum (ETH) miners.

Wuebbling claims that only newly produced GPUs will be affected without the limitation.

“This reduced hash rate only applies to newly produced cards with an LHR identifier. It does not apply to pre-purchased video cards. “

The huge surge in Ethereum prices has raised concerns about another wave of GPU shortages.

On May 12, Ethereum miners outperformed Bitcoin (BTC) miners in terms of profit.

But NVIDIA seems willing to miss the new Ethereum craze as it launched its own cryptocurrency mining processor in February while weakening the GeForce RTX 3060.

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