Nvidia will pay R420 to every GeForce GTX 970 owner

Nvidia has stated that it will pay every GeForce GTX 970 owner $30 USD, VideoCardz.com reports.

The company has agreed to pay compensation to each GeForce GTX 970 owner, after reaching a settlement regarding the recent class-action lawsuit levelled against it.

At the time of writing, the $30 compensation is equivalent to R424.06.

The GeForce GTX 970 has remained a subject of controversy since its launch, as Nvidia advertised the graphics card as having 4GB of GDDR5 VRAM, while it only had 3.5GB of usable, high-performance memory.

Although the effect this memory deficit has on performance is uncertain, some owners were upset enough to file a class-action lawsuit against the company, demanding compensation.

Nvidia reached a preliminary settlement and has agreed to pay $30 compensation to each GTX 970 owner and an additional $1.3 million in legal fees.

“The settlement is fair and reasonable and falls within the range of possible approval,” said attorneys for the proposed Class.

“It is the product of extended arms-length negotiations between experienced attorneys familiar with the legal and factual issues of this case and all settlement class members are treated fairly under the terms of the settlement.”

It is currently uncertain whether this $30 compensation will extend to GeForce GTX 970 owners in South Africa.