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Bitcoin mining company spent $ 30 million to buy Nvidia graphics chips


Hut 8 Mining - one of the largest Bitcoin miners in the world, ordered a large amount of Nvidia GPUs to enhance cryptocurrency mining.

It is not clear what specific types of GPUs the company has purchased, but it could be those from Nvidia's new range of crypto mining operations (CMP) products, specifically designed for computational volume. big math.

With the added power, Hut 8 will expand its existing Bitcoin mining operations, in addition, the company will also encroach on other minable cryptocurrencies. The company predicts general processing efficiency can be up to 1,600 GH/s.

In recent months, there has been a growing conflict between PC gamers searching for the latest GPUs and "miners" looking to monetize the Bitcoin bull run. The problem is compounded by the global shortage of chips and the increased demand caused by the pandemic.

In order to help gamers buy GPUs, Nvidia even deliberately reduced the Ethereum mining performance of the GeForce RTX 3060. Another way is that Nvidia launched a new line of GPUs dedicated to cryptocurrency mining, called CMP ( Cryptocurrency Mining Processor).

There are currently four CMP models: 30HX, 40HX, 50HX and 90HX. The best performing GPU of these 4 models is 90HX with Ethereum mining speed of up to 86 MH / s.

In the future, Nvidia may launch the CMP 220HX with a mining speed of 210 MH / s, which will excite the crypto miners, if it fixes the supply problems.

Via TechRadar

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