Wednesday, August 4, 2021

Nvidia’s new RTX 3070 and 3080 Ti cards attempt to cater to gamers and miners

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Nvidia’s new 3070 Ti and 3080 Ti graphics playing cards will launch with Ethereum hash fee limiters in-built once they go on sale later this month. Nvidia introduced the pending launch of the brand new playing cards throughout its Computex 2021 livestream on Monday, the place it unveiled specs and launch dates for each fashions.

Of specific curiosity to cryptocurrency lovers is Nvidia’s resolution to launch the playing cards with in-built limiters aimed toward curbing their Ether-mining utility.

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The corporate had beforehand pledged to create a crypto-specific card designed for mining Ether (ETH) and different GPU-compatible cryptocurrencies. The transfer was designed to drag demand away from would-be crypto miners, however Nvidia’s insistence on releasing all of its newer GPUs with crypto-limiters suggests this plan will not be as definitive as first anticipated.

Nvidia most lately declared in its Q1 earnings report that it couldn’t precisely gauge the demand coming from cryptocurrency miners. That’s regardless of black market costs of its 3000 vary promoting for as much as 300% higher than retail, having collected tens of millions of {dollars} in estimated secondary market gross sales already.

Whereas the 3060, 3070 and 3080 (together with its Ti fashions) will all function the specifically designed Lite Hash Price (LHR) GPUs, Nvidia made no point out of the 3090 sequence of playing cards. Positioned on the increased finish of Nvidia’s product vary, the 3090 occupies a excessive sufficient worth level that its demand by both players or miners is mostly restricted to start with.

What’s extra, a comparison of the 3080 Ti and the 3090 reveals the previous to be a lot the identical because the latter. The one distinction is that the 3090 packs 24GB of video RAM in comparison with the 3080’s 12GB.

No matter Nvidia’s actions within the close to future, its provide conundrum because it pertains to Ether miners will possible dissipate over the course of the subsequent 6–12 months, as Ethereum strikes away from its proof-of-work consensus algorithm towards proof-of-stake. At this level, graphics playing cards will change into irrelevant regarding the manufacturing of ETH cash. Whereas this would seem to detract from the worth of the playing cards in the long term, the short-time body left by which to revenue from ETH mining will possible lead to one other spike in demand, and a subsequent provide shortfall.