Updated on August 25, 2021
Nvidia GPU’s For Crypto Mining {Ultimate Guide}
Table of Contents
Nvidia limits the capabilities of its latest RTX 30 series graphics cards so that they can’t be used in crypto mining. This was announced amid the shortage of graphic card units that the company majorly produces for gaming computers.
In this post, we are going to discuss in detail why such restrictions are put and why crypto mining should be avoided. Before we dig the topic deeper, here are some common questions raised:
- Is GPU Mining 2021 worth it?
- Can I mine with an Nvidia GPU in the future?
- Which Nvidia GPU is best for mining?
- Will GPU mining stop completely in 2021?
- Does mining reduce GPU life?
These are a few questions that we will answer you in this post.
Saitech Inc , is an channel authorized partner reseller for NVIDIA’s products and services. Also check out our products on google
Nvidia GPUs For Cryptocurrency
Nvidia has announced that its series of GeForce RTX graphics cards will now reduce cryptocurrency mining capabilities.
The GPU units have seen increased use for cryptocurrency mining over the past few months. The increased demand due to crypto mining is leaving gamers devoid of a chance to buy the new Nvidia GPUs.
As we all know Solid State Drives are better suited for Chia farming, they can be difficult to purchase, since they are not typically sold directly to consumers. The new cryptocurrency is surrounded by the controversy of causing a shortage of hard drives or you can say chia farming with consumer SSDs are creating endurance concerns.
Nvidia still wants to be known as a Gaming Computer company rather than known as a GPU manufacturer for mining.
Have you checked our previous posts:
- Chia Farming With Consumer SSDs – Endurance Issue Explained
- Chia Farming & Mining – Chia Coin Plotting & Setup Guide 2021
- Western Digital Purple PRO – Smart AI-Powered Video Surveillance Solution 2021
- List Of 5 Best Enterprise SAN Storage Solutions in 2021
- Enterprise Solid State Drives(SSD) – A Complete Guide 2021
An overview of GPU Mining
GPU mining is a process to solve complex mathematical calculations which are used in the verification of accounts during electronic transactions. Miners who participate can either create crypto coins or can generate a link with the crypto blockchains.
If you go deeper into GPU mining there are a lot of complexities involved.
- The mining process becomes easier with the use of GPU mining as it is simpler using the gaming graphics card that can set many permutations and combinations for the mining.
- The bonus point is that with the home computer or laptop, you will be able to distribute new coins in a decentralized fashion.
- The security can be maintained as you will be working with a known GPU.
Various graphics cards allow mining from the home computer but the issue is that the normal computers easily get exhausted during the process of creating a mining rig and that computer then can not be used for normal use. Instead, dedicated servers with high endurance GPUs are recommended for the mining process.
The companies like NVIDIA were forced to decide as the gaming industry was getting affected especially when Chia cryptocurrency was launched. The Chia farming process greatly makes use of GPU. This has caused a shortage in the market and resulted in the increased cost of GPUs.
How Does Nvidia GPU Usage Help in Mining?
Nvidia is a global specializing in GPUs (graphics processing units) making. The American Company leads the gaming industry and is known for ludicrous hardware that’s unlike any other. It is always the first choice of professional gamers.
Cryptocurrencies go through a tough mining process before use. It is a virtual process that ensures news coins keep flowing but not too quickly. Miners have hoarded all the supply of chips they could, and legitimate users are left in the lurch.
Latest Findings:
Nvidia says it has halved the Ethereum hash rate of new RTX 3080, RTX 3070, and 3060 Ti graphics cards to discourage sales for mining. These cards will start shipping from May and carry a new tag that identifies them as “Lite Hash Rate.” It also added that all existing cards would continue to work as usual, and the lower hast rate is applicable only on newer chips.
“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%,” Nvidia’s said.
When it comes to Nvidia innovation, there are few unique features in the latest inventions launched by the company.
Some of them are;
- The new RTX series provides better and faster rendering
- The high speed and processing are suitable for blockchain mining.
- The new graphics cards can be used for complex calculations required for mining.
Important:
However, the bad news is Nvidia has announced the reduction of the hash rate of newly manufactured GeForce RTX 3080, 3070, and 3060 Ti graphics cards so they’re less desirable to miners.
Check your GPU hash rates Here
Nvidia Geforce RTX 3080 & Nvidia Geforce RTX 3070 Graphic Cards for Mining
RTX 30 GeForce 30 Series is built on Nvidia’s second-generation RTX architecture, with dedicated RT Cores and Tensor Cores. The series delivers amazing visuals and performance to gamers and miners.
Because NVIDIA GPUs are programmable, users regularly discover new applications for them, from weather simulation and gene sequencing to deep learning GPUs and robotics. Mining cryptocurrency is one of them.
Halving Hash Rate
The new series GeForce RTX 3080 and 3070 cards are now coming with a reduced have rated, as the company likes to serve the gaming industry with more vigor than supporting crypto mining.
The differentiation is made clear. 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. They serve the needs of the gamers and those who create digital experiences.
On the other hand, for the mining process, NVIDIA CMP, or, Cryptocurrency Mining Processor, was introduced. CMP products don’t support graphics as they are purely designed to cater to the needs of miners. When the supply of CMP products will become regular in the market, the shortage of GeForce GPUs will automatically be over. Moreover, CMP products will improve the efficiency of the mining process
CMPs have a lower peak core voltage and frequency, which improves mining power efficiency. “Creating tailored products for customers with specific needs delivers the best value for customers. With CMP, we can help miners build the most efficient data centers while preserving GeForce RTX GPUs for gamers.
Nvidia’s move to nerf new cards will undoubtedly raise the demand and prices of existing 30-series GPUs that support gaming and mining. But Nvidia has a strong marketing strategy to sell the GMP and CMPs.
GeForce RTX 30 Series Graphics Card Overview
Are you looking to buy a gaming PC or laptop? If yes, then go through these top-rated latest products of RTX 3080 and RTX 3070 series.Are you looking to buy a gaming PC or laptop?
If yes, then go through these top-rated latest RTX 3080 and RTX 3070 series. Before you download your favorite 2021 games, it’s worth considering the configuration of your gaming PC. Checking your GPU and other hardware required for gaming is always a smart option. Here is the preview of the latest GeForce RTX Family 3070 & 3080 series GPUs.
GeForce RTX 3070 Family
GeForce RTX 3070 graphics cards are empowered with Ampere NVIDIA’s 2nd gen RTX architecture having enhanced Ray Tracing Cores and Tensor Cores. They work with multiprocessors used in streaming. With high-speed memory, you can rib through the demanding games.
Nvidia Asus Geforce Rtx 3070 Graphics Card
Features ( 8 GB GDDR6 – 1.85 GHz Boost Clock – 256-bit Bus Width – DisplayPort – HDMI )
The product is known for its faster speed and greater efficiency in terms of throughput and power saving.It has support for up to 8K resolution that is an added advantage and boost in-game performance and all-new AI capabilities.
Axial-Tech Fan Design has been tuned up with more fan blades for increased downward air pressure and better thermal control. The GPU offers a better color resolution to support 3D gaming.
PNY GeForce RTX 3070 Graphic Card
Features ( 8 GB GDDR6 – 1.50 GHz Core – 256 bit Bus Width – DisplayPort – HDMI )
The product has an Nvidia Turing Architecture with1500MHz core clock and 1725MHz boost clock speed with 8GB GDDR6 (256-bit) on-board memory, plus 2944 CUDA processing cores and up to 448GB/sec of memory bandwidth.
PCI Express 4.0 interface offers compatibility with a range of systems. Including DisplayPort and HDMI outputs for expanded connectivity. The product provides the memory needed to create striking visual realism.
Gigabyte RTX 3070 Gv-n3070eagle Oc-8gd Graphic Card
Features ( 8 GB GDDR6 – 1.77 GHz Core – 256 bit Bus Width – DisplayPort – HDMI )
Another Nvidia product is based on Turing Architecture, the GPU has a 1.77GHZ core CUDA processor to boost speed with 8GB GDDR6 (256-bit) on-board memory. The higher memory bandwidth of the GPU offers compatibility with a range of systems. Also includes DisplayPort and HDMI outputs for expanded connectivity. It is one of the latest GPUs having all the advanced features for gaming.
GeForce RTX 3080 Family
GeForce RTX 3080 Series GPUs are known for the ultimate performance for gamers. They’re powered by Ampere NVIDIA’s 2nd gen RTX architecture with new RT Cores, Tensor Cores, and streaming multiprocessors for the most realistic ray-traced graphics and cutting-edge AI features.
Asus ROG NVIDIA GeForce RTX 3080 Graphic Card
Hardware and software come together to let gamers fully customize and control their gaming experience. The product is designed to sync with the Asus motherboards.
The compatibility of both devices at such an affordable price is a great deal for gamers. The cooling and power saving capacity of this graphic card allows working for long hours required for a gaming computer.
PNY GeForce RTX 3080 Graphic Card – 10 GB GDDR6
To meet the demanding needs of gaming, the product has NVIDIA Ampere architecture, with 1440MHz core clock and 1710MHz boost clock speed,10GB GDDR6X (320-bit) on-board memory, plus 4352 CUDA processing cores and up to 760GB/sec of memory bandwidth provide the memory needed to create striking visual realism.
The graphic card has PCI Express 4.0 interface compatibility. To add on DisplayPort and HDMI outputs are attached for expanded connectivity. NVIDIA GeForce Experience is best to capture and share videos, screenshots, and livestreams.
Asus Tuf Gaming Geforce Rtx 3080 Graphics Card
Features ( 10 GB GDDR6X – 320 bit Bus Width – DisplayPort – HDMI )
With the improved power efficiency and throughput, the new NVIDIA GPU is empowered with structural sparsity and advanced AI enabling.
Now with support for up to 8K resolution, the graphics card supports 3D gaming needs with a massive boost in-game performance and all-new AI capabilities. A modified design with better fan speed and less turbulence can work for long hours with intuitive performance.
Where to buy NVIDIA GPU Solutions?
Saitech Inc , is an channel authorized partner reseller for NVIDIA’s products and services. You can buy NVIDIA GPUs by following Shop Saitech Website.
- Go to the website and choose a GPU and check its availability.
- If the product is available, then before purchasing, you should match the product specification and your requirement.
- Once you get satisfied, start your purchase process.
- If you are looking for a data center model or an enterprise or dedicated server then you can also take the help of the technical team for installation.
- Once the product is purchased, take the warranty card before you install it.
Browse the latest list of GPUs and choose the best one for your gaming needs or go for a CMP for the mining purpose.
