Advanced Micro Devices, Inc. (NASDAQ: AMD) takes an opposite view Nvidia Corporation PC Gamer (NASDAQ: NVDA) on limiting the use of its graphics cards for cryptocurrency mining.
What happened: AMD has reportedly confirmed that it will not block any workload on its Radeon RX 6700 XT graphics processing units.
“We will not block any workload, but also not just mining,” said Nish Neelalojanan, product manager at AMD, according to PC Gamer.
‘First, RDNA is designed for games from scratch, and RDNA 2 doubles it. And what I mean by this is that Infinity Cache and a smaller bus width have been carefully selected to achieve a very specific hit rate. ”
However, Neelalojanan added a warning that mining has increased bandwidth and bus width or increased, meaning that there will be restrictions due to an ‘architectural level’.
Why it matters: While Nvidia’s 24 GB GeForce RTX 3090 GPU can mine Ethereum (CRYPTO: ETHER) with up to 120 MH / s, higher RDNA 2 cards based on AMD’s Navi 21 chip, can drive 58-64 MH / s, PC Gamer said. ETH traded 1.61% lower at $ 1,776.73.
AMD GPU drivers are based on Linux and are all open source, which raises the question of whether the company can implement a mining block in the first place.
Last week, Nvidia said it had accidentally unlocked the performance of ETH mining after updating its drivers for the RTX 3060.
Nvidia had previously tried to discourage the use of its RTX 3060 GPUs by drivers, making them 50% less efficient at exploiting ETH.
The disc maker estimates that between $ 100 and $ 300 million in fourth-quarter revenue comes from ETH miners.
Nvidia has set up a cryptocurrency miner, which I believe would help miners ‘build the most efficient data centers while preserving GeForce RTX GPUs for gamers’, but has received criticism over pricing.
Price action: AMD shares closed 1.2% higher at $ 79.06 on Friday and fell 0.3% in after-hours trading. On the same day, Nvidia shares closed 0.97% higher at $ 513.83 in the ordinary session and fell 0.13% in the after-hours trading.
Read the following: Ethereum, Dogecoin and other currencies that you can create with your laptop
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