The new Nvidia 3070 Ti and 3080 Ti graphics cards with built-in Ethereum hash speed limiters will be released when they go on sale later this month. Nvidia announced the highly anticipated release of the new cards during the Computex 2021 livestream on Monday, revealing specifications and release dates for both models.
Of particular interest to crypto enthusiasts is Nvidia’s decision to release cards with built-in limiters to limit mining usage.
Previously, the company promised to create a special crypto card designed to mine Ether (ETH) and other GPU-compatible cryptocurrencies. The move is designed to reduce demand from crypto miners in the future, but Nvidia’s insistence on releasing all new GPUs with truncated crypto GPUs suggests that the plan may not be as final as expected.
Nvidia recently stated in its first-quarter earnings report that it cannot accurately measure demand from miners. That’s despite the fact that 3000-line black market prices, which sell 300% higher than retail, have already raised millions of dollars in estimated aftermarket sales.
While the 3060, 3070, and 3080 (including Ti models) were designed specifically for Lite Hash Rate (LHR) GPUs, Nvidia did not mention the 3090 series cards. The 3090 is at the top end of the Nvidia product line, and has a fairly high price tag. . , so that the demand for it by players or miners, as a rule, is limited first.
Moreover, a comparison of 3080 Ti and 3090 shows that the former is almost identical to the latter. The only difference is that the 3090 has 24GB of VRAM compared to the 3080’s 12GB.
Regardless of Nvidia’s actions in the near future, the supply problem associated with Ethereum miners is likely to disappear over the next 6-12 months as Ethereum transitions from a Proof of Work consensus algorithm to a Proof of Work. I advise. At this point, graphics cards will have nothing to do with ETH coin production. Although this may reduce the value of the cards in the long run, the short-term residual value of ETH mining is likely to lead to a new increase in demand and therefore a decrease in supply.