Tuesday, December 7, 2021
Home Crypto News Market Intel Will Not Restrict Cryptocurrency Mining On New Arc GPUs

Intel Will Not Restrict Cryptocurrency Mining On New Arc GPUs

- Advertisement -

Intel’s decision differs from the policy of its competitor – the largest developer of GPUs Nvidia, which limits the hash rate of its GPUs.


The manufacturer of central processing units and other microchips Intel intends to supply new Arc graphics processors (GPUs) to the market from 2022.

According to Roger Chandler, manager in charge of Intel’s client graphics products and solutions, Intel is not going to set limits on the mining of cryptocurrencies in the new Arc-series GPUs.

 

In an interview with Gadgets 360. he said:

“As far as like software lockouts and things of that nature, we’re not designing this product or building any features at this point that specifically targets miners.”

He added:

“As far as actions we’re taking to avoid or lock them out, it’s a product that will be in the market and people will be able to buy it. It’s not a priority for us.”

 

The lack of mining restrictions on Arc GPUs puts Intel on a par with chipmaker Advanced Micro Devices (AMD).

Intel’s common competitor, Nvidia, has imposed hash rate caps on their latest-generation flagship GeForce GPUs to make the product more accessible to gamers. However, earlier in 2021, Nvidia released a separate series of Cryptocurrency Mining Processors (CMPs) specifically for Ethereum miners. In parallel, Nvidia began shipping GPUs with reduced mining hash rates.





Graphics processors (GPUs) began to gradually fall in price this summer against the background of a decrease in the rate of Ethereum and the complexity of its mining.

Unsurprisingly, Q2 sales of chips for cryptocurrency mining fell short of Nvidia’s forecasts. Instead of the planned revenue of $400 million, the company earned only $266 million from the mining chips.

- Advertisement -
Jakkkhttps://thecryptobasic.com/
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade and write on cryptocurrencies. My primary aim is to provide genuine information to cryptocurrency readers because crypto is filled with frauds and scams. Accurate information is scarce to get. So We at TheCryptoBasic will be providing accurate information about cryptocurrencies topics that users can trust.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Largest Bank In Colombia To Offer BTC, ETH, LTC, And BCH Trading Services With Help Of Gemini

Gemini cryptocurrency exchange has entered into a partnership with the largest bank in Colombia, Bancolombia, under which the bank's clients will have access to...

3Space Art Announces the Launch of Its Groundbreaking NFT Platform

Singapore, Singapore, 7th December, 2021, Chainwire3Space Art is thrilled to announce the official launch of its groundbreaking NFT platform that facilitates widespread use of...

Starly Closes Pre-IDO Funding Round of $6.1 Million and Announces Future Plans

Zug, Switzerland, 7th December, 2021, — Starly, the launchpad and marketplace for gamified NFTs, has just closed its pre-IDO funding round with $6.125 million...

Polygon And Wanchain Announce Strategic Partnership, Plan To Launch World’s First Direct Decentralized Layer 2-to-Layer 2 Cross-Chain Bridge

London, United Kingdom, 7th December, 2021, -Polygon and Wanchain are proud to announce a strategic partnership that will drive further adoption of Layer 2...

Gate.io Becomes The Sixth Largest Crypto Futures Platform

Singapore, Singapore, 7th December, 2021, Chainwire Leading global digital asset exchange, Gate.io, has quickly become the sixth largest crypto futures platform in the world, having...

UK FCA May Exclude Crypto Investors From Financial Services Compensation Scheme (FSCS)

Cryptocurrency investors may be excluded from the Financial Services Compensation Scheme (FSCS) in the UK. A proposal from the Financial conduct authority (FCA) is...

India Looking To Classify Crypto As Financial Assets, All Crypto Holders Must Declare Their Holdings Or Face Fines

India is considering appointing its capital markets regulator to oversee cryptocurrencies, according to people with knowledge of the matter told Bloomberg, as authorities look...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.