Nvidia is allegedly taking advantage of the high demand of its new cryptomining GPU mode. Right now, the new CMP 170HX is sold at a very expensive price.
Nvidia recently announced its new crypto GPU model called CMP 170HX, which is expected to be more compatible with digital currency mining compared to the regular gaming graphics processing units.
However, interested consumers need to spend a lot of money if they want to have this new advanced Nvidia CMP 170HX. Why? Because its price is twice as expensive as RTX 3090. Right now, this is no longer surprising since many crypto miners are hoarding the company’s advanced GPUs, as well as those produced by AMD.
Because this is the current situation of Nvidia, many of its consumers are ready to pay hefty prices just to get their hands on one of these graphics processing unit models. To curb down the GPU shortage, the tech firm decided to release its expensive CMP 170HX, which is expected to mine more digital coins compared to regular gaming PC components.
CMP 170HX is Company’s Way To Take Advantage of Consumers
Since Nvidia CMP 170HX is quite expensive, there’s a high chance that crypto miners would still choose to purchase the less expensive GPU models. Because of this, many experts claimed that the giant GPU creator only wants to take advantage of the high GPU demand in the market right now.
Sumeet Singh on Unsplash
Given its specialist nature, the new Nvidia CMP 170HX is on a different level compared to a gaming GPU when it comes to crypto mining. As it’s specifically designed to solve cryptocurrency algorithms, it features an unlocked hash rate, but lacks gaming monitor display outputs and uses passive cooling.
This leaves miners with two-component ranges to choose from, while PC gamers remain limited to using traditional graphics cards. The fact that the CMP 170HX is selling for double that of the company’s flagship GPU means crypto miners could opt for regular gaming PC graphics cards, rather than the CMP HX flagship, given the value proposition.
Some experts explained that crypto miners should not be completely blamed for the ongoing Nvidia and AMD shortage. On the other hand, they added that selling a new GPU designed specifically for mining at a very high price would not help either, especially if RTX stock levels recuperate before crypto mining GPU prices depreciate.
GPU Shortage Would Still Last?
Right now, various enthusiasts claimed that the current shortage of the giant GPU manufacturer, which is also experienced by AMD, could still last until 2022. This is why some experts are still criticizing the company for its decision to release the very expensive CMP 170HX.
However, they added that one of the biggest cryptocurrencies in the market, Ethereum, could help the giant GPU manufacturer solve the insufficient component issue. Experts claimed that if Ethereum decided to completely transition to being a proof-of-stake digital currency model, many crypto miners would no longer need to rely on GPUs to mine ETH and other blockchain coins.
Related Stories:
Apple Unleashed Event To Offer New MacBook Pros And More!
Leave a Reply