Nvidia is not sure about the effectiveness of hashrate capping on its graphics cards

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The American company Nvidia, which produces video accelerators and special mining devices, is not sure about the effectiveness of measures to limit the hash rate when mining cryptocurrencies on “civilian” cards.

In his quarterly report the company noted that management “cannot predict whether the strategy for issuing restricted cards (LHR) and dedicated mining products (CMP) will achieve our goals.” At the same time, almost all video cards of the Ampere generation have been produced with mining protection for more than a year.

Interestingly, according to Nvidia CFO Colette Kress, the slowdown in the hash rate growth of cryptocurrencies mined with gaming graphics cards indicates the success of the cap.

The authors of the report also noted the risk of a fall in the cryptocurrency market. This will lead to the fact that the demand for Nvidia products will decrease significantly, and then used graphics cards that were previously used for mining will flood into the market. That, in turn, will further reduce demand and force the company to reduce the volume of production.

At the beginning of the month, NiceHash announced that in a mining product, developers managed to completely bypass Nvidia’s hashrate restrictions when mining ETH on gaming video cards.

Source: Bits

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