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Intel Won’t Limit Crypto Mining on New Arc GPUs
The chipmaker’s approach goes against the hashrate limitations imposed by Nvidia on some of its products.
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Intel (Nasdaq: INTC) doesn’t plan to include crypto mining limitations in its Arc graphics processing units (GPUs) due to be released in early 2022.
- “As far as like software lockouts and things of that nature, we’re not designing this product or building any features at this point that specifically target miners,” said Roger Chandler, general manager of Intel’s Client Graphics Products and Solutions group, in an interview with Gadgets 360.
- Chandler added that “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. It’s not a priority for us.”
- Arc is Intel’s first full step into the world of discrete gaming graphics cards since 1998. Intel previously focused on integrated GPUs, which are built into the processor and share system memory with the central processing unit (CPU). Discrete cards are separate from the processor with independent memory and power sources, offering higher performance.
- The lack of crypto limitations on Arc puts Intel on the same page as Advanced Micro Devices (Nasdaq: AMD). Rival Nvidia (Nasdaq: NVDA) has put a hashrate limitation on its flagship GeForce GPUs to keep more products available for gamers. Nvidia did release a separate series of Cryptocurrency Mining Processors (CMPs) specifically for ethereum miners earlier this year, however.
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The inclusion could attract fresh passive inflows from index-tracking funds, while the firm's stock tanked 95% from its peak over the past year.
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- SharpLink will join the Russell 2000 and Russell 3000 indexes effective June 29.
- The company held nearly 873,000 ETH, worth roughly $1.8 billion at current prices.
- The inclusion comes as many digital asset treasury firms have slowed or halted crypto purchases.
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