The graphics card-making giant, Nvidia has announced its plans to reduce the hash rate of newly manufactured GeForce RTX 3080, 3070, and 3060 Ti graphics cards to make it less desirable to miners.
Nvidia’s Priority is Gamers , Not Miners
It is important to note that NVIDIA GPUs are programmable. This makes it possible for the users to frequently explore new applications for them, for instance from weather simulation and gene sequencing to deep learning and robotics as well as mining cryptocurrency.
In a bid to aid in getting GeForce GPUs in the hands of gamers, Nvidia had previously announced that all GeForce RTX 3060 graphics cards were to be shipped with a lowered Ethereum hash rate. In extension to its February announcement, the California-based company is now taking additional steps by implementing a reduced ETH hash rate to a fresh batch of GeForce RTX 3080, RTX 3070, and RTX 3060 Ti graphics cards.
These cards will start shipping in late May and will be labeled with a “Lite Hash Rate” or “LHR” to help customers identify “exactly what they are getting”, said Nvidia. It also revealed that the reduced hash rate is only valid for the newly manufactured gaming cards with the aforementioned identifier and does not apply to the ones that are already purchased.
While detailing the need to maintain the inventory for gamers, the chip-maker stated that GeForce is made for gaming and also went on to add,
“GeForce RTX GPUs have introduced a range of cutting-edge technologies, created to meet the needs of gamers and those who create digital experiences. We believe this additional step will get more GeForce cards at better prices into the hands of gamers everywhere.”
Over the past year, the world has seen massive disruption with respect to supply chain activities. During these times, gaming splurges have noted a huge rise, however, the supply of graphics cards has failed to meet the demand. Both gamers and Ethreum miners rely on these GPUs.