American technology company Nvidia is ready to launch the GeForce RTX 3060, the company’s latest and most powerful graphics processing unit later this month.
This was designed primarily to provide the best user experience for gaming and professional work, but the GPU can also be used for other energy-intensive tasks, including gene sequencing, climate simulations and cryptocurrency mining.
With Bitcoin, Etherium and other digital currencies gaining much value, there is a growing interest among technology enthusiasts in mining cryptocurrencies and this has led to a great demand for powerful graphics cards.
Apparently, Nvidia is struggling to meet the demand for its GPUs in the market and hopes that the new GeForce RTX 3060 series will not reach professional gamers. It is worrying that cryptocurrency miners could create a shortage of computer peripherals.
“We designed GeForce GPUs for gamers, and gamers are crying out for more. Even so, NVIDIA GPUs are programmable. And users are constantly discovering new applications for them, from climate simulation and gene sequencing to deep learning and robotics. cryptocurrency is one of them. With the launch of GeForce RTX 3060 on February 25, we are taking an important step to help ensure that GeForce GPUs end up in the hands of players, “said Matt Wuebbling, VP of Global Marketing GeForce at Nvidia.
In the coming days, Nvidia is scheduled to release RTX 3060 software drivers. It is designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm and to limit the hash rate or efficiency of cryptocurrency mining by up to 50% on PCs.
On the positive side, Nvidia is bringing a new line of processors specially designed for professional Ethereum mining, dubbed the NVIDIA CMP (Cryptocurrency Mining Processor).
The company claims that CMP products will not be able to process any graphics, but offer the best mining performance and efficiency.
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What is cryptocurrency mining?
In simple terms, cryptocurrency mining is a transactional procedure that involves the use of computers and cryptographic algorithms to solve complex operations and record data on a blockchain (a decentralized distributed ledger). For the work, a developer is rewarded with a bitcoin or any other cryptocurrency.
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