As known from:
CoinWireICOBenchCoinCodex
Write a Review
Write a Review
Nothing Found
Contains commercial content
TradersBest.com / AMD Won’t Block Crypto Mining on its Graphics Cards

AMD Won’t Block Crypto Mining on its Graphics Cards

Publish Date: 21/05/2021

US computer processor manufacturer AMD has said that it will not follow Nvidia’s lead in limiting crypto mining on its chips. Following news that Nvidia GPUs would limit crypto mining, many had been wondering if the company’s competitor AMD would follow suit. However, the semiconductor company has now confirmed it will not be taking any such measures.

During a pre-briefing call, AMD product manager Nish Neelalojana said: “The short answer is no. We will not be blocking any workload, not just mining for that matter.

“That said, there are a couple of things. First of all, RDNA was designed from the ground up for gaming and RDNA 2 doubles up on this. And what I mean by this is, Infinity Cache and a smaller bus width were carefully chosen to hit a very specific gaming hit rate.

However, mining specifically enjoys, or scales with, higher bandwidth and bus width so there are going to be limitations from an architectural level for mining itself.”

Neelalojana is correct when he says that AMD’s RDNA 2 graphics card isn’t optimal for crypto mining in the way that Nvidia’s 24GB GeForce RTX 3090 is, which offers up to 120MH/s.

However, the RDNA 2 chips still manage around 58-64MH/s, so they aren’t completely useless when it comes to mining. And as more and more cryptos continue to rise in value, miners are able to make use of just about any graphics card worth its salt.

Neelalojana reiterated that the chips are optimized for gaming, but did comment on their effect on the market:

“All our optimisation, as always, is going to be gaming first, and we’ve optimised everything for gaming. Clearly gamers are going to reap a ton of benefit from this, and it’s not going to be ideal for mining workload. That all said, in this market, it’s always a fun thing to watch.”

What does this mean for crypto mining?

Neelalojana’s comments come after Nvidia tried to stop its chips being used for crypto mining. This was done in an attempt to ease the shortage facing video game players as the recent surge in cryptocurrencies fuelled demand for the graphics cards.

Nvidia said that it was limiting the capacity of some of its most popular chips to make them less able at making the calculations needed to mine on the Ethereum network. The graphics cards in question are the RTX 3080, RTX 3070, and RTX 3060 Ti.

Although the increased demand for the chips has led to a surge in profits for Nvidia, it’s also meant that many video gamers – who for so long have been the core of its customer base – have been unable to buy the latest graphics cards.

It’s also seen Nvidia’s earnings become more and more tied to the volatile swings seen in the crypto market.

The company had already limited the mining capacity of its RTX 3060 card earlier in the year. However, it accidentally released a developer driver which removed the limiting code, allowing miners to circumvent it, before removing said driver from the download site.

Read Also
Intel Stock Slumps Over 8% Following Weak Earnings Report
Chip-maker Intel suffered a disastrous end to last week’s trading with its ...
Global Semiconductor Sales Hit The Half-Trillion Mark
Now could be a good time to invest in semiconductor companies as ...
Nvidia Overtakes Facebook to Become Seventh Largest US Company
The battle for big tech supremacy took an interesting turn when Nvidia ...
Chinese Authorities Continue Hunting Down Miners
Earlier this year, Chinese authorities banned crypto mining operations and ordered some ...
Why the Chinese Crypto Crackdown Will Benefit the Industry
Last month, Beijing called for tighter measures that would end bitcoin mining ...
Latest News
Study: how do finances shape our love life?
Do we find someone less attractive if they're ...
Is FTX Bankrupt? 
The crypto market has seen a drastic change ...
Disney Shares Jump 6% After Positive Earnings Report
A booming subscriber base and the return of ...
Alibaba Posts Flat Revenue Growth But Stock Still Jumps 6%
Chinese ecommerce giant Alibaba posted its first earnings ...
Intel Stock Slumps Over 8% Following Weak Earnings Report
Chip-maker Intel suffered a disastrous end to last ...
Top Forex Sites
Ally Invest
Ally Invest
Ally Invest Review
4.8/5
Webull
Webull
Webull Review
4.6/5
Kraken
Kraken
Kraken Review
4.3/5
Nadex
Nadex Review
3.6/5
Interactive Brokers
Interactive Brokers Review
4.8/5
Receive the latest trading news by email + our free eBook
Crypto eBook EN
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Receive the latest trading news by email + our free eBook
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Close
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site