Nvidia is "surrendered" by price hikes, and mining-specific graphics cards are about to be released! Miners ridicule "poor power consumption"

Recently, Nvidia was completely overwhelmed by the rise of Ethereum and announced two major events.

First, the hash rate of the RTX3060 graphics card was reduced by 50% through software, that is, the mining efficiency was reduced by half, the purpose of which was to curb the crazy buying behavior of miners for the RTX3060. Second, the NVIDIA CMP was announced, which is a chip tailor-made for Ethereum mining.

The background is simple. ETH has skyrocketed, and miners are frantically buying. Taking Nvidia's latest and most powerful 30 series as an example, the prices of 3060 and 3070 have almost doubled. Some practitioners lamented that most of the spot high-end gaming graphics cards should have flowed into the mining circle.

This makes it difficult for the original market users of the graphics card brand, that is, gamers, to easily and cost-effectively buy these gaming graphics cards. After the news came out, a netizen left a message on the Baidu forum: I'm crying, there is hope for buying graphics cards.

Three questions were asked to Zhang Li, the founder of Langshen Mining Machine.

1. What is the current market demand and supply situation for graphics cards?

2. What impact does Nvidia’s “new policy” have on the mining industry?

3. What do you think about the price trend of ETH?

His answer:

1.Demand exceeds supply, and the entire series is currently in demand.

2. There will not be a particularly big impact.

3. Keep rising.

Graphics cards are in vogue, and laptop mining farms are witnessing the Ethereum bull market

Which graphics cards are currently used to mine Ethereum? According to minerOS co-founder Zhang Songqing, the main force is still the old generation A cards such as 588, which are in large quantities.

The 30 series graphics cards launched by Nvidia in the fourth quarter of 2020, such as 3060Ti, 3070, 3080, 3090, and 1660S, have become the most cost-effective models for mining, and their prices have almost doubled. However, the shipment volume of this batch of new cards is not large. Relatively speaking, 3060Ti and 3070 are more.

Recently, Shenzhou laptops equipped with the above-mentioned graphics cards, and even 20 series graphics cards, have also been snapped up. Some miners joked that Chinese miners saved Shenzhou.

In the Ethereum mining circle, videos of laptops being turned on for mining have gone viral. The birth of laptop mining farms may be the best explanation of this bull market.

So, if Nvidia reduces the hash rate of the RTXN3060 graphics card by 50%, can this force miners to give up their demand for graphics cards so that gamers can consume at ease?

Guo Weicheng, founder of Panda Miner and Niubit, said that this will reduce some of the demand from miners. However, if there is stock in the short term, there will still be a lot of demand.

Zhang Li said that the hash rate reduction has already occurred, but this problem can be cracked. Zhang Songqing believes that the card is a new product and has not yet been shipped in large quantities. The implication is that the scope of impact is not large, but there is definitely a demand for cracking, and it may not be successful.

Some netizens also left messages saying that it might not be appropriate for Nvidia to limit the hash efficiency of graphics cards to around 50% when mining ETH through software drivers. "It can use the driver to make the full-priced product you bought only work at half the power. Which country's law gives it this right?" they said.

Therefore, perhaps with the craziness of Ethereum, for example, the price exceeds 2,000 US dollars, for miners, everything will be lost.

Nvidia launches "mining card" again, and the mining industry ridicules "poor power consumption"

It is not surprising that Nvidia launched a special chip for mining. In the bull market of 2017, Ethereum miners also bought graphics cards, and Nvidia launched special mining chips such as P104 and P106. At that time, with the end of the bull market, the demand from the mining circle decreased, and graphics card manufacturers accumulated a lot of inventory.

It is reported that the mining chip launched this time will not perform graphics processing, but is specially optimized for mining Ethereum, and also improves the overall energy efficiency.

There are four types of chips specially prepared for mining, and the first batch is expected to be released in March 2021. The following is the performance data of mining cards disclosed by the official.

In this regard, Weibo celebrity "大魔王FCP" said: "The energy efficiency ratio of Lao Huang's mining cards is not high. If you play like this, the graphics cards will be more expensive in the future. "

Shenyu also retweeted the post, saying: " It's obvious that they took the crappy chips, castrated them and sold them to miners. The power consumption is really bad ."

Guo Weichen told Babbitt that he guessed that Nvidia had most likely cut off the display output of the 1660s and specifically supplied it to the mining field.

In fact, chip manufacturers such as Nvidia are not interested in the demand from the mining industry, and are even a little worried that the rush of miners will disrupt the original market order to a large extent. 2017 is a lesson learned. According to a senior but anonymous graphics card industry practitioner, after the price of Ethereum rose, Nvidia actually began to pay attention to the demand of the mining industry, but he did not expect that mining chips would be released so quickly.

Judging from the data disclosed so far, miners have been DISSing mining cards, and the selling price of this batch of mining cards cannot be confirmed at present. As long as Ethereum continues to rise, after miners balance the costs and benefits, this batch of cards will still be very attractive.

Zhang Songqing also introduced that their software has been optimizing the power consumption and stability of the new generation of graphics cards, such as the 30 series of N cards, and the 5x series and 6x series of A cards.

Based on this, it can also be inferred that after the mining card is launched, targeted optimization work will follow.

In fact, Nvidia CEO Jensen Huang once told the media: "Cryptocurrency and blockchain are here to stay, and the market demand will continue to grow. Over time, its scale will become very large."

Therefore, the launch of chips specifically for mining also shows that in the future, as the cryptocurrency industry becomes more mature, this may become a new profit growth point for chip manufacturers.

The delicate relationship between chip manufacturers and the mining circle may not be as hostile as it is today. On the contrary, it is a future of common struggle.

Guo Weicheng said that due to the strong market demand, they are also increasing production and cooperating with different graphics card brands to meet customer needs as much as possible. He reminded that the market conditions have been quite crazy recently, and investment should be controlled within the scope of ability as much as possible.