In a favorable move to benefit gamers worldwide, NVIDIA has already managed to scam a cryptocurrency mining company out of $30 Million dollars to buy its godawful CMP HX mining oriented products.
The Canadian HUT 8 Mining Corporation is one of the largest and oldest cryptocurrency mining companies intend to expand their mining capacity by striking a deal with NVIDIA to order $30 Million worth of their recently announce CMP (Cryptocurrency Mining Processor) HX cards.
Not long ago now NVIDIA announced their plan to fuck over not only gamers but miners as well with the introduction of their CMP HX products which as it turns out mostly consist of older generation hardware that has been repackaged to sell towards an ever growing market at ridiculous prices as we’ve already seen the CMP 30HX (GTX 1660 Super) for sale at a UAE retailer for just $723 USD.
Because you see not only is the CMP 30HX based on previous generation Turing hardware which is drastically inferior to mine cryptocurrency compared to current generation Ampere graphics cards, but the CMP 40HX happens to also be based on Turing silicon being built utilizing the TU106 core and most likely will probably be a 2060 Super if we’re being honest.
However as it turns out that NVIDIA CEO Jensen Huang is that desperate for cash that he’s even considering repurposing enterprise A100 products targeting cryptocurrency miners with hash rates simply out of this world from what little TSMC 7nm capacity NVIDIA actually have.
The official release for the 50HX and 90HX which are most certainly based on RTX Ampere graphics cards is set for the second quarter however specific details regarding the quantity of which CMP HX products in particular the HUT 8 Mining Corporation have actually purchased has been kept a mystery though I can only hope that for the sake of Jensen’s Grabblerish greed that he managed to pull off the deal of the millennium by selling HUT 8 an abundance of Turing Trash.
However the delivery of HUT 8’s newly acquired hardware which is set to increase their overall mining capacity by around 1600 Gigahash will begin in May.
Jaime Leverton, CEO of Hut 8 Mining Corp had this to say regarding the substantial order of NVIDIA’s CMP HX mining hardware:
“The adoption and the development of applications interacting with various blockchain networks have never been stronger, opening many possibilities across a variety of industries,”
“We are incredibly excited to have these high performance CMPs in our fleet. We believe mining with CMPs will open up new opportunities for Hut 8 and will allow us to continue to execute on our long- and short-term plans for increased and diversified revenue streams.”
High performance NVIDIA CMP? I highly doubt that as even the top-of-the-line HX cards are vastly inferior when compared with actual GeForce products of which the RTX 3090 can easily produce over 100 MH/s where even the RTX 3080 will blitz past 86 MH/s.
NVIDIA’s whole scheme of being anti-miner with the RTX 3060 well through as the company totally on accident released an insider driver update that bypasses the ETH mining restriction while also being defeated by a mere $5 HDMI dummy plug.
NVIDIA doesn’t care about gamers nor does it care about miners, clearly considering they’re offloading trash from years past at barbaric prices as dedicated mining cards. Everyone wants Israeli companies says NVIDIA CEO Jensen Huang and much like that what every single Yiddler wants more often than not is money and power.
If any actual cryptocurrency mining business actually had enough brains they’d just buy an abundance of GeForce products which are much faster and certainly cheaper than the sort of crooked deals that NVIDIA likes to make. Their CMP HX products are produced mainly with older generation hardware, if not that they’re slower than their GeForce counterparts, offer inferior value and worst of all they’re made to be cheap if the PALIT CMP 30HX is anything to go by as it comes with next to zero packaging, no display connectors and a very limited warranty period.
NVIDIA’s CMP HX products are all round pure shit for actual mining firms with next to no resale value once a very disgusting looking Russian chap decides to actually introduce Ethereum 2.0, probably why all these Chinese “firms” are buying up GeForce products left right and center because China is quite literally the Grabblers of the East. They’ll do absolutely anything to make a shekel or two, going so far as to buy up all the RTX Ampere mobile devices as well to mine on because the bottom line is simply that NVIDIA’s CMP HX products are a complete and utter scam.
— 포시포시 (@harukaze5719) February 9, 2021