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Nvidia bets big on Ethereum mining with new dedicated graphic chip

Tags: new
DATE POSTED:February 20, 2021

The chipmaker was overwhelmed by the massive use of its graphic chips by Ethereum and Bitcoin miners in 2017. But it’s prepared this time around.

Nvidia’s Ethereum bet

Graphics chipmaker Nvidia said Thursday it will release a new series of semiconductors specifically for mining Ethereum, as per a report on Verge. The firm saw huge success with the sector back in 2017 when it claimed to have made hundreds of millions of dollars per quarter selling chips to cryptocurrency miners.

Tags: new