Intel has already revealed that its Arc A380 discrete graphics card is optimized for the newest and most popular games, which is sure to please everyone but a bunch.
As reported by Tom’s Hardware (opens in new tab), YouTuber DJ Mines claimed that they ran several popular Ethereum mining software such as NiceHashMining, trex miner, lolminer, and teamreeminer, and none of them worked. It seems that Arc A380 does not support crypto mining.
And considering that Ethereum lost around 70% of its value in 2022, this is another blow to the cryptocurrency mining industry. This is not the only graphics card trying to stop cryptocurrency mining. Nvidia has introduced its light hash rate modifications to your best graphics cards that lower the hash rate to discourage mining – although miners have successfully thwarted much of that work in the months since launch.
Analysis: It’s still too early to judge
Recently, there has been concern about the resurgence of cryptomining and driving up the costs of graphics cards again as Bitcoin and Ethereum have increased slightly in value, although they are nowhere near the levels they hit at their highest.
But this is also no guarantee. While Ethereum has recently seen a big 20% increase, while Bitcoin has rebounded a more modest 5%, it remains to be seen whether this resurgence will last or if these prices will continue to fall.
And considering that writing has been on the wall for a while now since the currency was becoming slower and more expensive. And for the benefit of both the GPU market and the environment itself, it is perhaps best that the cryptocurrency’s decline not only continues, but accelerates.