Will Nvidia's RTX 3060 GPU be used for crypto mining?

Terms of use. Nvidia has announced that it will take steps to ensure RTX 3060 GPUs wind up in the hands of gamers, not crypto miners. On Thursday, the company said it would launch a new lineup of CMP (Crypto-Mining Processor) cards, while also restricting the maximum performance of the RTX 3060 when mining Ethereum.

Will Nvidia's new CMP cards run at full speed?

According to Nvidia, its new CMP cards will run at full speed. These cards lack video outputs and they offer both lower peak voltage and lower maximum core clocks, in order to improve mining efficiency. Nvidia claims CMPs shouldn’t be referred to as video cards or GPUs because they lack the fundamental hardware to fulfill that role.

Why is cryptocurrency mining so fast?

As a cryptocurrency increases in popularity, the culminative mining speed of the network increases organically as a result of the uptick in transactions. With more transactions on a network, there are more mining rewards to be distributed which encourages the particular cryptocurrency to be mined.

Why is Nvidia rebranding mining GPUs as “CMPs”?

This initiative is meant to increase the supply of RTX 3060 cards in-market. Nvidia’s push to rebrand mining GPUs as “CMPs” makes some objective sense, since you literally can’t use these cards for gaming or video output, but an actual custom-designed CMP wouldn’t just be missing some video outputs.