Bitcoin mining company boasts $30 million spend on Nvidia CMP GPUs | PC Gamer - sullivandeards

Bitcoin mining company boasts $30 million pass on Nvidia CMP GPUs

Cryptocurrency mining rigs sit on racks at a facility in Quebec, Canada

(Image credit: Getty, Lensman: James MacDonald/Bloomberg)

IT looks like Nvidia has set up leastwise one buyer for its recently announced Cryptocurrency Mining Central processor (CMP) graphics cards. An rules of order worth $30 million has been placed with the graphics card Jehovah for an unconfirmed quantity of mining GPUs, which are same to fork up 1,600GH/s in extra mining oomph for their new proprietor.

The order was placed by Hutch 8 Excavation Corporation., Tom's Hardware reports, who is a large crypto excavation company that focuses happening the top coin of today, Bitcoin. Business is apparently prosperous. Although perhaps Bitcoin's recent $60,000 valuation made that translucent plenty.

The accurate mix in of GPUs that Hut 8 has ordered is unknown, but it has just four to choose from: the CMP 30HX, 40HX, 50HX, and 90HX. Those numbers roughly match the hash rates on propose with these cards, and patc the GPUs in each one has not been revealed—information technology's all very quiesce hush well-rounded—it's suspected that only the 90HX is of the latest Amp contemporaries.

Hut 8 says the new GPUs will be used primarily with alternate blockchain networks.

Whatever the specification, too, $30 trillion is sure to buy a lot of them. While Nvidia hasn't named a price per card publicly, some back of the napkin mathematics would suggest that's roughly 18,600 of the top CMP cut off, or over 35,000 of the purported Turing chip, to hit 1,600GH/s. At the least by Nvidia's rated speeds. That works out at over $1,600 per wag if it were upright the 90HX alone, which seems steep, but I suppose where other are you supposed to buy graphics card game by the tens of thousands right in real time?

Nvidia holds all the cards (pun conscious).

Hut 8 testament non utilise these GPUs for Bitcoin mining, however. Bitcoin has long been submissive by ASICs, or Application Taxon Co-ed Circuits, which are in real time capable of hash rates upward of 100TH/s. GPUs instead are useful for ASIC-resistant networks, such as Ethereum, and manage anything from a dyad MH/s to 100MH/s.

"We are incredibly excited to have these high public presentation CMPs in our fade," says Jaime Leverton, CEO of Hut 8. "We believe excavation with CMPs bequeath open upbound new opportunities for Shanty 8 and will provide us to retain to execute connected our long-lasting- and short-run plans for exaggerated and diversified revenue streams."

Information technology's said the order will Begin to be fulfilled through May 2021, and "completed this summer."

Purpose-built mining GPUs aren't always seen as desirable by cryptocurrency miners, notwithstandin, as these card game don't feature any outputs, and therefore have very little resale treasure beyond new mining trading operations. In the event of a value crash that could magic spell doom for small-time miners. Perhaps that's less of a concern for a company willing to spend $30 million on "new opportunities".

I'm trustworthy most Don't indigence a reminder of the impact that the high gainfulness of cryptocurrencies has had on the graphics add-in market. It's certainly not the sole rationality for the recent shortages in PC gaming hardware, just it has most definitely exacerbated the issue.

Jacob earned his first byline writing for his own technical school blog from his hometown in Cambri in 2017. From at that place, he graduated to professionally breakage things at PCGamesN, where he would later win command of the kit closet as hardware editor program. Present, as aged hardware editor at PC Gamer, he spends his days reporting on the latest developments in the technology and gaming industry. When he's not writing nigh GPUs and CPUs, you'll find him trying to get as furthermost away from the contemporary world arsenic possible by wild camping.