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Bitmain’s new Ether ASIC mining rig may not fix GPU shortage after all

A new Ether ASIC mining rig is on the way, but will it help ease Nvidia's GPU problems? Cryptocurrency mining rig manufacturer Bitmain announced the pending release of a new Ether (ETH) miner on April 16. The Antminer E9 model is an application-specific integrated circuit chip, which will run on the Ethereum blockchain’s Ethash algorithm. No official release date has yet been announced for the E9, however, the machine’s arrival may not be as impactful as first suspected. The rig faces competition in the form of Nvidia’s CMP (Cryptocurrency Mining Processor) range of GPUs, designed specifically for crypto mining. Meanwhile,…

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Nvidia triples revenue forecast for crypto mining GPU sales

The California chipmaker says Q1 financials for fiscal 2022 are on track to surpass initial estimates with demand for crypto mining graphics cards on the rise. Nvidia says the positive performance of its various market segments has seen the company revise its initial forecasts for Q1 of fiscal 2022. The company made this known during its annual investor day on Monday revealing total revenue for Q1 is already tracking above the $5.30 billion forecast included in its previous end-of-year earnings call. This positive market performance has also extended to Nvidia’s graphics processing unit, or GPU, sector with the company raising…

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Hut 8 Purchases $30M Worth of Nvidia’s GPU Miners, Looks to Push Capacity to 1,600 Gigahash

On Friday, the publicly listed firm Hut 8 announced the purchase of $30 million worth of Nvidia’s dedicated crypto mining GPUs called the Cryptocurrency Mining Processor (CMP). Nvidia CMPs mine the crypto asset ethereum and Hut 8 expects its aggregate operational power will be 1,600 gigahash. Hut 8 Purchases $30 Million Worth of Nvidia’s Dedicated GPU Miners On the heels of joining Foundry’s U.S. bitcoin mining pool, the firm Hut 8 Mining (TSX: HUT) revealed it has purchased $30 million worth of Nvidia CMPs. The Nvidia CMP HX product is described as a “dedicated GPU for professional mining.” Nvidia’s web…

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Nvidia GeForce RTX 3060 With Full Unrestricted ETH Mining Hashrate, But Only With Single GPU in a Gaming PC

It seems that a workaround to the artificially enforced hashrate limiter for the Nvidia GeForce RTX 3060 GPUs mining Ethereum has been discovered and it is pretty simple apparently. You just need to use the developer driver version 470.05 where there is apparently no hashrate limiting being applied, unlike with the regular GeForce video driver that you would normally download for these video cards. This has been reported by some users and we can confirm that it is indeed working and you can get the full mining hashrate for Ethereum with this driver, however there is still a catch… read…

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Pre-orders Are Apparently Open for Nvidia CMP 30HX Mining GPUs

It seems that Nvidia is getting ready to start shipping their CMP HX Dedicated GPUs for Professional Crypto Mining that were announced last month. The company is apparently taking pre-orders from their partners for deliveries starting probably in early April for the lowest-end mining model – NVIDIA CMP 30HX D6 6G. Nvidia has rated the 6GB CMP 30HX GPU at 26 MH/s with 125W of power usage for Ethereum mining, though with further optimizations 28-32 MH/s could be possible (like on RTX 2060 or GTX 1660 models). The not so good news here, as we have expected unfortunately, is that…

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TechPowerUp GPU-Z 2.37.0 With Nvidia GDDR6X Memory Temperature Monitoring

It seems that the HWiNFO tool is no longer the only software that allows you to check the GDDR6X video memory temperature on Nvidia RTX 3080 and RTX 3090 GPUs. The latest TechPowerUp GPU-Z 2.37.0 apparently also supports the display of the temperature of the hot GDDR6X memory chips and not only that, but also features support and reports the GPU Hot Spot temperature as well. It is interesting to note however that these two features apparently were left unannounced as getting added in the changelog of the latest version that has been released about two weeks ago. Frankly it…

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Mining Performance of Asus ROG Strix GeForce RTX 3060 OC Edition

The new Nvidia GeForce RTX 3060 video cards are here and we managed to buy one quickly while there was some stock left to do some mining benchmarks and tests. We already know that mining performance for the RTX 3060 is limited for Ethereum, but what else can you mine with the full performance is something that we also wanted to find out for sure. As we have predicted availability and pricing of the RTX 3060 is off the charts as people expected these GPUs to be the sweet spot for mining Ethereum – high hashrate and low price. Neither…

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Should You Be Gaming or Crypto Mining with Nvidia GeForce RTX 3060 GPUs

Today, February 25th, marks the day that the newest mid-range GeForce gaming GPU from Nvidia is supposed to be released on the market and both crypto miners and gamers are eagerly anticipating this release. The release of the Nvidia GeForce RTX 3060 GPU with 12GB of GDDR6 video memory is definitely an interesting event, but should gamers and miners be so enthusiastic about the new model? Well, neither gamers, nor miners will most likely be so happy after what they will see today - you can expect to see high prices and limited availability and the main reason for that is Ethereum…

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Nvidia GeForce RTX 3060 is Indeed Limited for Crypto Mining

It seems that Nvidia did manage to keep their promise to make the new GeForce RTX 3060 GPU limited for crypto mining and thus widely available for gamers as with reduced performance it will not be attractive for miners. We got some sound information regarding the actual performance for mining use for the new GeForce RTX 3060 that is expected to be available starting February 25th or in just a few days. According to Nvidia the new video drivers for the RTX 3060 GPUs are designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm, and will limit the…

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Preliminary tests suggest Nvidia RTX 3000 series may take AMD’s mining crown

The RTX 3080 is apparently twice as fast as the previous generation. The newly released generation of Nvidia graphics cards, the RTX 3000 series, is generating some buzz among miners as it is expected to be a vast improvement over the previous generations. While the cards were initially speculated to be only a minor upgrade, new information seems to confirm that they could reach hash rates of around 100 Megahashes per second for Ethereum and Ethash mining. This would be more than a two-fold improvement over many of the top-of-the-line cards offered on the market today by both Nvidia and…

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Nvidia doesn’t want to give up its 2017 ‘crypto craze’ docs

Nvidia is trying not to hand over internal documents to plaintiffs who allege that the GPU manufacturer misrepresented its financials during the 2017 bull run. The legal representatives of technology company Nvidia have argued that its investors are not entitled to access its internal records about the “crypto craze” of 2017 and 2018. During a trial in the United States' Delaware Court of Chancery on Sept. 17, Nvidia's counsel argued that the plaintiffs have failed to show a “credible basis” for why Nvidia should be compelled to hand over the requested company documents. Nvidia is facing a class-action lawsuit alleging…

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GPU Manufacturer Nvidia Buys Chip Maker ARM for $40 Billion

California-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp. in a deal worth $40 billion. Nvidia, which specializes in making hardware for video game consoles and the crypto mining sector, said in a press release that it would pay Softbank a combination of cash and shares in the transaction. The Japanese conglomerate bought Arm for $32 billion in 2016. The latest deal is expected to create “the premier computing company for the age of artificial intelligence” (AI), according to Jensen Huang, chief executive officer of Nvidia. He added that Arm would remain headquartered in Cambridge,…

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Crypto mining and remote work drive GPU sales boom in Russia

Miners in Russia are purportedly buying more equipment amid regulatory uncertainty. Graphic cards’ sales in Russia are surging amid an increase in remote work as well as the apparent growth in cryptocurrency mining, a new report says. According to several local retailers like Citilink and Svyaznoy, crypto mining-related sales of graphic cards in Russia notably surged in August 2020, Kommersant reported on Sept. 14. Alexey Rusakov, an executive at local tech distributor Citilink, told Kommersant that sales from mining-enabled graphic cards have spiked 49% in August. This comes in line with a two-fold increase in sales by tech giant Nvidia on a…

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Nvidia teases a massively improved RTX 3080, but will it be good for mining?

The performance gains probably won’t be enough to overcome Nvidia’s mining disadvantage. Nvidia is set to release the next generation of its popular RTX series of graphics cards on  Sep. 17. One of these will be the RTX 3080, which comes as the mid-range card among its peers the 3090 and 3070. However, the performance of the card is set to eclipse the performance of the previous generation’s equivalent, the RTX 2080 Ti. According to Tom’s Hardware, the GPU is promised to be “twice as fast” as the last generation by Nvidia and its raw specifications suggest that the gains…

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Leaks show off NVIDIA RTX 3000 series graphics cards from Zotac

On Tuesday we’re expecting to see details about NVIDIA’s next generation of graphics cards, but some of the information may have leaked early. Tom’s Hardware points out a couple of tweets that claim to share renders for Zotac Gaming cards in the new 3000 series. Continue reading Leaks show off NVIDIA RTX 3000 series graphics cards from Zotac at E-Crypto News.

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Nvidia Plaintiffs Attempt to Block Company from Intimidating Key Witness

Nvidia is currently working through a $1 billion lawsuit concerning the percentage of its revenues that come from crypto mining. However, the plaintiffs in the case are now accusing the chipmaker of deliberately trying to discredit a key witness in the case.  Nvidia’s Misrepresentation Scandal According to a report from CoinDesk, the group of investors suing Nvidia claimed last Thursday that the company was actively trying to block the testimony of a former employee. Per the report, Nvidia’s lawyers had contacted the employee in question — dubbed “FE 5” — to discredit several statements made concerning the case. If the company…

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5 Years In, Ethereum Network Growth Echoes Nvidia’s Pre-2016 Bull Run

The Ethereum network appears to be following the likes of Nvidia and other tech sector giants whose use case and growth strategy model evolved over time. In July 2016, a mere four years ago, Nvidia was a $26-billion company focused on GPU chips and graphic card production. In comparison, the long-standing sector leader was Intel Corp, with a $166-billion market capitalization. The nearly 40-year old chip manufacturer was a blue-chip Fortune 500 company and at the time, it was likely unfazed by such a small competitor.Nvidia’s previous peak market capitalization occurred in October 2007 as its value approached $22 billion. After…

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