With cryptomining all but over, Nvidia shared a strong opinion on cryptocurrencies as a whole.
Nvidia has just shared an interesting opinion on cryptocurrencies. According to the chipmaker, crypto doesn’t “bring anything useful for society.” The computational power of the best graphics cards is better spent elsewhere, says Nvidia.
The opinion that crypto doesn’t bring much good to the world is shared by many people . However, this is a hot take coming from Nvidia, which has benefited tremendously from cryptocurrency mining. During the height of the last crypto bull market, when mining was still possible, Nvidia undoubtedly reaped the fruits of crypto in the form of GPU sales.
To its credit, Nvidia did try to prevent crypto miners from grabbing too many of its gaming GPUs. Many of its RTX 30-series graphics cards were made to be drastically less efficient at mining Ethereumdue to the Lite Hash Rate limiter . The tech constrained the GPUs mining capabilities. However, miners found ways to work their way around it. Besides, during the bull market, mining was profitable even with Nvidia’s LHR, which is why its graphics cards sold out regardless.
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