Ethereum has reached an all-new high, topping $4,400 and showing impressive gains for 2021.
Bitcoin may be the biggest and most well-known cryptocurrency, but Ethereum is solidly in second place. The crypto began the year at roughly $383, but briefly topped $4,400 Thursday evening.
As CNET points out, Ethereum owes much of its success to the fact that developers use the Ethereum network for other altcoins and NFTs, making ether the default currency.
AMC Theaters plans to accept multiple cryptocurrencies as payment, not just Bitcoin.
AMC Made news a month ago when the theater chain announced it would start accepting Bitcoin as payment for tickets and concessions. In a tweet Wednesday, AMC CEO Adam Aron said the company would accept several other cryptocurrencies, in addition to Bitcoin.
The news is sure to boost Ethereum, Litecoin and Bitcoin Cash, and is yet another indication of crypto’s widespread acceptance.
NVIDIA has announced its upcoming GPUs will continue to throttle performance when used for Ethereum mining.
NVIDIA first announced it was going to throttle the RTX 3060 GPU, dropping its performance to 50% when mining for Ethereum. GPUs are one of the most effective tools for crypto mining, thanks to their high performance and programmable nature. Unfortunately, crypto mining has helped increase demand so much that NVIDIA is having trouble keeping up.
Despite making a big deal about its throttling of the RTX 3060, and emphasizing it was not the result of firmware — but rather a combination of hardware and software — NVIDIA accidentally released a firmware update that removed the throttling from the RTX 3060.
NVIDIA is doubling down on its crypto throttling with its latest GPUs, including the GeForce RTX 3080, RTX 3070 and RTX 3060 Ti graphics cards. To help differentiate its GPUs, NVIDIA will label impacted cards with a “Lite Hash Rate,” or “LHR,” label.
When NVIDIA first revealed it would be throttling the RTX 3060, it also announced the NVIDIA CMP (Cryptocurrency Mining Processor). The CMP is specifically designed for crypto mining and should be a viable alternative for individuals who would otherwise buy a GeForce GPU for mining.