Technology giants are developing special projects for crypto miners. Nvidia has developed a new processor chip for ETH miners.
Nvidia develops chip for ETH miners
With the opportunities offered by the crypto money market, the demand for mining is also increasing. Hardware manufacturers in particular are trying to meet this demand from miners by developing high-performance hardware.
Nvidiai has developed a special processor type for Ethereum miners. CMP, also known as Cryptocurrency Mining Processor, was designed specifically for mining. CPM versions, which will be released in the first and second quarter of 2021, have been developed specifically for the algorithm of ETH mining.
CPM was designed to limit the hash rate and cryptocurrency mining efficiency by 50 percent.
According to the data shared by The Block Research, 800 million dollars of revenue was generated by ETH mining in January 2021. Opportunities in this area lead to the more intensive working of miners and the need for better hardware.