A war is brewing over your computer’s graphics card, involving cryptocurrencies like Bitcoin and Ethereum. GPU manufacturers like AMD and Nvidia are trying to figure out how to get people to buy more GPUs as they’re being used less and less to mine cryptocurrency and more to run PC games. This has caused some pushback from the crypto community, but not everyone sees it that way. Some in the crypto community believe that pushing GPUs into gamers’ hands is bad for the security of blockchains because most people wouldn’t be running specialized hardware to do the calculations necessary to mine cryptocurrency anyway.
Part 1: Why Mining?
For many people, mining is a way to earn cryptocurrency without having to put down money for it. By running special software, miners can solve complex math problems that are used to verify transactions on the blockchain. In return, they are awarded a certain amount of cryptocurrency.
Part 2: Introduction
In order to understand how Nvidia made it hard for GPUs to mine crypto, we need to understand a little bit about how mining works.
Mining is the process of verifying cryptocurrency transactions and adding them to the blockchain. In return for their work, miners are rewarded with newly minted coins.
The difficulty of mining varies depending on the cryptocurrency. For example, Bitcoin is currently the most difficult cryptocurrency to mine because it has the highest market value.
Part 3: GPU Mining
If you want to get into GPU mining, you’ll need a pretty good idea of what you’re doing. For starters, you’ll need a powerful or multiple graphics card to get the job done. AMD and NVIDIA are the two main manufacturers of graphics cards, and they offer different models at different price points. You’ll also need a good mining software program and a compatible wallet to store your earnings.
Part 4: Hardware Manufacturers and Crypto Miners’ Impact on GPUs
GPUs were already struggling to keep up with demand from cryptocurrency miners, and with the new software from Nvidia, it’s likely that prices for GPUs will continue to rise. This is bad news for gamers and other consumers who rely on GPUs for their computing needs. The high price of these components means that most people can’t afford them or are going to have a hard time buying them due to a lack of availability. The good news is that there are alternatives: Intel recently released a new chipset designed specifically for mining cryptocurrency, and AMD has announced plans to launch similar products soon.
Part 5: What Happens Next?
The best thing you can do right now is stay informed and keep an eye on your rigs. If you have any GPUs from Nvidia, it might be a good idea to start looking for an alternative mining solution. For the time being, it looks like Nvidia is making it difficult for GPUs to mine crypto.