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Nvidia to Stop its Chips Being Used for Crypto Mining amidst Chip Shortage

Nvidia to Stop its Chips Being Used for Crypto Mining amidst Chip Shortage
The Siliconreview
19 May, 2021

The chipmaker Nvidia has stated that it is going to stop the use of its most popular graphics cards for crypto mining. The move was designed to ease an acute shortage facing video gamers and highlights the booming demand from cryptocurrency enthusiasts as prices spiked this year. The company has stated that it was deliberately limiting the capabilities of its most popular video gaming cards.

Nvidia’s graphics processing units, or GPUs, are basically designed to handle the demands of rendering video images in real time, a challenge given the large amount of data that needs to be processed simultaneously. Since there was an escalating demand for digital currency the same technology has since been adapted to become the workhouse of artificial intelligence, one of the most data-intensive computing tasks, as well as crypto mining.

Despite leading to a surge in growth and profits, the crypto demand has created a problem for Nvidia as there are many of the most-dedicated video gamers who long made up its core customer base have been unable to buy the newest graphics cards. Thereby, Nvidia is using its chips only for gaming purpose.