Intel Will Not Limit Crypto Mining On Latest Alchemist Graphics Cards

Intel will not limit crypto mining on its new alchemist graphic cards as the company revealed so let’s find out more in our latest cryptocurrency news today.

Intel revealed that its upcoming line of graphic cards will not include software of hardware restrictions on crypto mining so speaking at the Gadgets360, IntelVP and GM of Client Graphics PRoducts and Solutions Roger Chandler said that the company’s upcoming Arc graphic cards will not include lockouts of things of this nature. He said:

“We’re not designing this product or building any features at this point that specifically target miners. As far as actions we’re taking to avoid or lock them out, it’s a product that will be in the market and people will be able to buy it.”

Chandler noted that these new products are not a priority for the company but that they are designing Intel Arc and the Alchemist family of products as a gamer-first option. Intel is just one GPU manufacturer that is battling with the question of how to balance the competing customer bases and the traditional market for these graphic cards was upended by the arrival of crypto miners that use the GPUs to mine cryptos like ETH. While Intel will not limit crypto mining, rival GPU manufacturer Nvidia tried to restrict crypto mining using its hardware by introducing hash rate limits which throttle the ability of the cards to be used for mining. Nvidia announced that its latest line of GeForce graphic cards would be less desirable for the miners and said that GeForce is for gaming alone.

However, not wanting to alienate the emerging market of miners, Nvidia released a dedicated crypto mining product-CMP. After the bumper Q1 which saw the company raise its revenue estimates from $50 million to $150 million, the predictions proved somewhat optimistic and its Q2 takings from the line fell $134 million short of the projections. AMD in the meantime took a similar tack to Intel and stated that it will not block ETH mining on the GPUs, arguing that crypto mining is a small part of the business.

It could prove to be a moot point in the long run especially since ETH switches from a mining-based proof of work consensus mechanism to a proof of stake with the ETH 2.
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0 upgrade and GPU mining could become a thing of the past.