NVIDIA announces cryptocurrency mining processor, nerfs hash rate on RTX GPUs

Nvidia CMP

Getting a top-notch graphics card isn’t exactly easy these days. Between high demand and limited supply, these GPUs sell out before you even add one to your basket. Some of that demand comes from cryptocurrency miners, who use the large number of arithmetic logic units in a GPU to improve the crypto mining process.

Nvidia has been aware of this for a while and thinks it has found a solution to get its new line of graphics cards back into the hands of gamers, while the other audience of crypto junkies continues to invest in the business: create a GPU for every ask. “With the launch of GeForce RTX 3060 on February 25, we are taking an important step to ensure that GeForce GPUs are in the hands of gamers,” Nvidia said in a blog post.

The NVIDIA CMP, or, Cryptocurrency Mining Processor, is a new product line designed exclusively for professional mining. Nvidia says this hardware will not support graphics, will be sold through authorized partners, and optimized for the best mining performance and efficiency. CMP lacks display outputs, allowing for improved airflow while mining so they can be packed more densely. CMPs also have a lower peak core voltage and frequency, which improves mining power efficiency.

Meanwhile, the new GeForce RTX GPUs will be updated with drivers designed to detect specific features of the Ethereum cryptocurrency mining algorithm and throttle the hash rate or efficiency of cryptocurrency mining by about 50 percent. Chances are, crypto-chasers will just stick with the old drivers of these cards or dig internally to get them back on the mining trail, but at least with this new initiative from Nvidia, it should be a little less frustrating to have a Buy new graphics card in the near future.

And there you go! A more specialized way to earn imaginary currency while driving the planet further into ecological collapse with the rampant energy consumption that cryptocurrency mining requires! Extinction hooray!

Last updated: February 18, 2021