Why Cryptocurrency Miners Love Nvidia’s New Graphics Chips

While gamers have largely cheered the release of Nvidia’s next generation of GeForce videogame chips, cryptocurrency miners too appear to have found something to love about the so-called Ampere graphics processing units.

According to Mitch Steves, an analyst at RBC Capital Markets, the net daily profitability for Nvidia’s (ticker: AMD) new GTX 3080 product has advanced to $3, compared with a competing chip from Advanced Micro Devices (AMD), which nets cryptocurrency miners about $1.75 a day. It isn’t yet clear how much this…

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