Technical Director NVIDIA: "Cryptocurrencies are useless for society" – Bits Media

Technical Director of the American manufacturer NVIDIA chips, that cryptocurrencies "do not bring anything useful to society". At the same time, the company continues to sell its processors to miners.

Michael Kagan (Michael Kagan) considers, what, eg, Chat Bot with Artificial intelligence ChatGPT, It will be more useful, than cryptocurrency mining.

“All these cryptographic things needed parallel processing. Nvidia was the best, Therefore, people simply programmed it for use for this purpose. Bought a lot of all sorts of things, but in the end she fell apart, because nothing useful for society carries. And here are the II, against, carries ", - said Kagan in an interview with The Guardian. “I never believed, that cryptocurrency can benefit humanity. People do crazy things, But they buy your products ".

Recall, what in 2021 year NVIDIA has released software, which artificially limited the possibility of using her video cards for mining ether. But the programmers quickly found a way to get around these settings.

In October 2022 year the company decided to remove restrictions from new drivers. The decision to limit the hashrate on video cards was made against the background of the excitement demand for NVIDIA video accelerator. Covid-19 pandemic led to a large-scale shortage of semiconductor crystals, Therefore, video cards became deficiency, And the prices for them have risen significantly. In an attempt to solve the problem, the company switched to the release of video cards with the LHR prefix in the title, on which the hashReite programmatically limited when mining cryptocurrencies.