Nvidia’s largest tech company is set to launch GeForce RTX 3060, the company’s latest and most powerful graphics processing unit later this month.
It is primarily designed to provide the best user experience for gaming and professional work, but the GPU can also be used for other high-intensity tasks, such as gene sequencing, weather simulations, and cryptocurrency mining.
With Bitcoin, Etherium and other digital currencies gaining a lot of value, there is a growing interest among technology enthusiasts to exploit the cryptocurrency and this has led to a huge demand for powerful graphics cards.
Apparently, Nvidia is struggling to meet the GPU demand in the market and expects the new GeForce RTX 3060 series not to reach pro-gamers. It is worrying that cryptocurrency miners can create a shortage of computer peripherals.
“We’ve designed GeForce GPUs for gamers, and gamers are demanding more. Still, NVIDIA GPUs are programmable. And users are constantly discovering new applications, from weather simulation and gene sequencing to deep learning and robotics. Mining cryptocurrency is one of them. With the launch of GeForce RTX 3060 on February 25, we are taking an important step to ensure that GeForce GPUs end up in the hands of gamers, “said Matt Wuebbling, vice president of Global GeForce Marketing , Nvidia.
In the coming days, Nvidia will launch RTX 3060 software drivers. It is designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm and limit the hash rate or cryptocurrency mining efficiency to 50% on computers.
On the plus side, Nvidia introduces a new line of processors specifically designed for Ethereum’s professional mining, called 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.
Must read | Bitcoin violates $ 56,000, ether up 12%
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 in a blockchain (a decentralized distributed ledger). For work, a developer is rewarded with a bitcoin or any other cryptocurrency.
Get the latest news on new releases, gadget reviews, apps, cybersecurity and more on personal technology at DH Tech only.