Nvidia GeForce RTX 2000 GPU Card Series Launches Despite Crypto Mining Profit Decline

Nvidia Launches Its Latest GPU Cards: RTX 2000 Series

Nvidia, the industry giant that currently dominates the GPU market (with some competition from AMD), has recently unveiled its new GeForce RTX 2000 series, which will supplant the latest GTX 1000 series. It also looks like the company is slowly moving away from the cryptocurrency mining space as it focused more on games again.

The corporation, which is based in the United States, has unveiled three new graphics cards: RTX 2070 (mid-high tier), RTX 2080 (high tier) and RTX 2080 Ti (highest tier). According to the official information from the company, these new graphics cards will have a performance that can be six times better than the ones which came before them.

These new graphics cards will use the Nvidia during technology, which will be supported by a new Geforce RTX platform. This launch intends to move forward the technology of real-time ray tracing, programmable shading and AI to a whole new level, according to Nvidia.

Because of this, the company intends to bring a whole new level of realism to games, while the AI part of the technology will be used to create “crisp, clear, lifelike images and special effects”.

While it was not announced any RTX 2060 or 2050, it is expected that these GPUs will appear, as Nvidia generally releases lower tier graphics cards at a cheaper price some time after its strongest ones reach the market.

Still Suitable for Mining?

While this is definitely great news for gamers, it is so for cryptocurrency miners? While the technology is very interesting if you want to run new games, it does not seem so appealing to miners at the moment.

The new architecture of the product could release the hashing power by 25 to 35 percent, however, the cost of the card is more than 50 percent more expensive than the cards of the last generation. Because of this, miners should avoid to upgrade for this new edition.

While the new RTX 2080 Ti costs $1,200 USD now (and will cost $1,000 as soon as the third party editions start to be sold), the GTX 1080 Ti costs only $600 USD at the time of this report. If you base cost x mining performance, it does not make sense to buy a RTX instead of a GTX. Because of this, as long as the value of the card does not drop, it does not look like the best alternative for miners.

This is apparent as Nvidia is not even promoting the RTX as a mining equipment, something that it did with previous cards. The company was notorious about the dissatisfaction with the revenue from crypto mining in the last revenue and it decided not to give too much attention to this niche this time.

According to information from the company, the revenue from crypto-specific products decreased from $100 million to $18 million, so it was not as good as previously anticipated by the company, which might explain this strategy with the Geforce RTX series.