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IntroductionNVIDIA has released an announcement on the restriction of hashing power on the RTX 3000 series cards, specifically the RTX 3060. NVIDIA said: "Halving Hash Rate RTX 3060 software drivers are designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm, and limit the hash rate, or cryptocurrency mining efficiency, by around 50 percent. That only makes sense. Our GeForce RTX GPUs introduce cutting-edge technologies — such as RTX real-time ray-tracing, DLSS AI-accelerated image upscaling technology, Reflex super-fast response rendering for the best system latency, and many more — tailored to meet the needs of gamers and those who create digital experiences." blogs.nvidia.com/blog/2021/02/18/geforce-cmp/ Now first off, I discussed why the CMP processors wont work in reducing the supply of GPUs for "gamers". Read that in my other post. I first need to clear some vocabulary for anyone not in this tech "bubble" of information. Overview of MiningTo put it shortly, hash rate is the computing power of a compute unit (such as a GPU/CPU) in an algorithm. The most popular, and most profitable coin to "mine" is Ethereum (ETH), using DaggerHashimoto. Mining cryptocurrency is done by downloading "miners", or processes with handfuls of algorithms that can mine, or produce hashes, at different rates. DaggerHashimoto is one of the most profitable algorithm for mining on most mid-range to high-end GPUs. This has sparked a pretty much global craze to get the new GPUs. Why won't the Hash Halving won't workTo explain why the cut of hash rate wont work, I just explained how mining works, enough to understand this topic. This cut won't work for 2 reasons:
"Un-hackable" is (for the most part) a bold claim. Nothing is "un-hackable", but there is different levels of security. In fact, as of writing this blog, there is a RTX 3060 beta driver that does support Ethereum mining. Point 2: The RTX 3060 initially would be used to mine Ethereum, but there is a multitude of different algorithms to choose from. A popular one to use is Octopus to mine Conflux (CFX). When mining this coin, the 3060 makes about $4 a day, which is an acceptable Return Of Investment (ROI). ConclusionNVIDIA did almost nothing when it comes to increasing stock for gamers, and only shot themselves in the foot when it comes to potential buyers. And, as with the CMP launch, you can't stop what is already rolling.
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