Intel’s decision differs from the policy of its competitor – the largest developer of GPUs Nvidia, which artificially limits the hashrate of its GPUs.
The manufacturer of central processing units and other microchips Intel intends to supply new Arc video processors (GPUs) to the market from 2022. According to Roger Chandler, manager in charge of Intel client graphics products and solutions, Intel is not going to set limits on the mining of cryptocurrencies in the new Arc-series GPUs. It is more important for the company to increase the market share of its chips.
“Regarding blocking software, we have not implemented any functionality in this product to restrict miners.”
The lack of mining restrictions on Arc GPUs puts Intel on a par with chipmaker Advanced Micro Devices (AMD). Their common competitor, Nvidia, has imposed hashrate caps on their latest-generation flagship GeForce GPUs to make the product more accessible to gamers. However, earlier in 2021, Nvidia released a separate series of Cryptocurrency Mining Processors (CMPs) specifically for Ethereum miners. In parallel, Nvidia began shipping video cards with reduced mining hash rates.
Graphic processors (GPUs) began to gradually fall in price in the summer against the background of a decrease in the rate of ether and the complexity of its mining. However, the cost of video cards was still almost double the recommended retail price, and a new wave of growth rates will inevitably push up the prices for GPUs. Unsurprisingly, Q2 sales of chips for cryptocurrency mining fell short of Nvidia’s forecasts. Instead of the planned revenue of $ 400 million, the company earned only $ 266 million from the mining chips.
