Expert Comment: NVIDIA Launching GeForce RTX 3060 – Gaming Meets Crypto Mining?

News, Opinion | February 19, 2021 By:

NVIDIA is launching the GeForce RTX 3060 on February 25, which is likely to cause a stir in the mining and gaming industries. To address the growing need for Ethereum mining, the NVIDIA CMP (Cryptocurrency Mining Processor) product line is geared towards professional miners.

Kristy-Leigh Minehan, CTO at blockchain company NEM Software, said that the launch is likely to cause mixed feelings among miners and gamers alike.

“A lot of individual Ethereum supporters got into mining through gaming, and a lot of gamers utilize their cards for securing the Ethereum network while idle,” said Minehan. “That decentralized distribution of participants is – and remains – part of the appeal of the Ethereum network. This restriction is setting a precedent for miners to do their part in the world and #sharethesilicon in times where distribution is scarce, but it’s only a step in the right direction for customers if this CMP line is sufficiently distributed and just as accessible for the average joe as GeForce.”

If NVIDIA’s CMP line is sufficiently distributed, Minehan said that Innovation will take place in breaking this restriction – and patching NVIDIA’s drivers as a result.

“Hacked drivers and firmware will run rampant online – an entry point for malware to prey on unsuspecting users,” Minehan said. “Sure, the cards themselves have protection in place, but nothing is ever ‘unhackable’. Even more curious is that this restriction seems to be specific to Ethereum, almost pushing GPU’s into the hands of other PoW networks. Either way, this is a bullish take for Ethereum in general – NVIDIA has a dedicated product line now for blockchain technology. Let’s wait to see if AMD and Intel follow suit.”