NVIDIA GeForce RTX 3060 brings a limitation algorithm mining reducing their profitability undermining Ethereum by 50% in order to scare the miners and focus on the players, who are the real target audience to which it is taking away the possibility of buying a graphic at a good price. Today information came from Asia stating that they would have managed to skip it, in the end, it was not like that, but anyway it is a good opportunity to remember how the limitation of the RTX 3060 is insufficient.
No, the Ethereum mining limiter has not been bypassed on the RTX 3060, but other coins can still be mined
The NVIDIA GeForce RTX 3060 comes standard with a system that limits cryptocurrency mining performance with Ethereum's leading mining algorithm. This is achieved safely thanks to an "agreement" between the GPU, the Driver, and the VBIOS (firmware) of the graphics so that a potential modification should be very difficult.
The first problem with this system is simple: only one of the main mining algorithms is being restricted. It is true that the limit works perfectly in Ethereum, but in other of the most important such as Octopus there is no limit and good returns are obtained.
It literally took 5 minutes to find this. pic.twitter.com/yaNIQXZLCG
— VideoCardz.com (@VideoCardz) March 10, 2021
Then the other problem is that there will always be a lot of exposure to modders trying to get around the limitations, and so far it seemed like that is what they had achieved. Today supposed reports of NVIDIA RTX 3060 were known mining at full speed with Ethereum, up to 50MH / s, a pretty good figure and that is precisely according to what it should get. This modification would be swarming the network, but in reality, it has not been such. As Videocardz points out, other captures show that what is being mined at these rates is Conflux, precisely a coin that takes advantage of the Octopus algorithm.
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| Yes, the RTX 3060 mining limiter is akin to putting gates into the field |
Precisely, it helps us to see how effectively there are other cryptocurrencies in which the RTX 3060 has great mining power. Miners can easily make a profit from them and then convert them to Ethereum or Bitcoin, so in essence, the limit serves to scare, but it is not enough.
It is clear that the best way to limit the performance of cryptocurrency mining is by introducing substantial changes in the graphics architectures, but this also causes a lower performance in computing, something that is not going to interest NVIDIA at all.
Precisely, the great demonstration that the RTX 3060 mining is still viable is the fact that they are also in a very bad stock situation. We are still puzzled by how the market is deserted for GPUs, and the hope that the use of this limiting system in future NVIDIA GPUs implied is already a little lower.
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