One of the largest Bitcoin mining syndicates in the world, Hut 8 Mining Corp., has ordered Nvidia GPUs valued at $ 30 million.
Although it is unclear which specific GPUs the company bought, the models come from Nvidia’s new CMP (Cryptocurrency Mining Processor) range, which is specifically designed for mining workloads.
With the added firepower, Hut 8 plans to expand its current Bitcoin mining operations, but also to include other minable cryptocurrencies. The group expects a total output of up to 1,600 GH / s.
Crypto mining GPUs
In recent months there has been mounting tension between PC gamers wanting to get their hands on the latest GPUs and miners hoping to benefit from the recent Crypto Bull Run. The problem has only been exacerbated by the global chip shortage and the surge in demand caused by the pandemic.
To help gamers get their hands on GPUs, Nvidia even went so far as to throttle the GeForce RTX 3060’s Ethereum mining performance, though a bypass was quickly discovered.
Another way for the company to secure its GPU inventory for gamers is by introducing a new line of mining-specific GPUs called CMPs.
There are currently four CMP models: 30HX, 40HX, 50HX and 90HX. The most powerful GPU in the range, the 90HX, achieves an Ethereum rate of up to 86 MH / s.
“The adoption and development of applications that interact with various blockchain networks has never been so strong, opening up many opportunities in a variety of industries,” said Jaime Leverton, CEO of Hut 8.
“We are very excited to have these high-performance CMPs in our fleet. We believe that CMP’s Hut 8 mining will open up new opportunities and allow us to continue to pursue our long-term and short-term plans for more and diversified revenue streams. “
However, it is possible that even more powerful mining GPUs will hit the market soon. Rumor has it that Nvidia could add new SKUs to the CMP lineup based on its Ampere A100 GPU.
If rumors turn out to be true, the CMP 220HX could deliver a hash rate of 210 MH / s at which cryptocurrency miners are licking their lips, provided Nvidia is able to overcome supply issues.
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