Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’ – Mining Bitcoin News


In mid-Might 2021, the American multinational expertise firm Nvidia Company revealed that it added a hashrate limiter to curb using cryptocurrency mining with its graphics processing items (GPUs). Nonetheless, crypto miners now say the transfer was pointless, and the mining group Nicehash particulars that the hashrate limiter scheme launched by Nvidia “didn’t discourage miners in any respect.”

Nvidia’s Hashrate Limiter Didn’t Cease Crypto Miners From Utilizing the Merchandise

Final yr Bitcoin.com Information reported on Nvidia’s “Lite Hash Fee” (LHR) expertise, when the graphics playing cards producer tried to cease crypto miners from leveraging its GPUs to mine digital property. Nvidia utilized LHR to a few particular GPU merchandise, and the corporate stated the motivation was to get its card again into the fingers of avid gamers. Eight months later, stories say that the LHR tech did little or no to cease crypto miners from using these particular Nvidia units.

The cryptocurrency mining Platform Nicehash informed pcmag.com that LHR expertise “didn’t discourage miners in any respect.” Furthermore, a crypto miner named Blake Teeter from Colorado informed pcmag.com’s Michael Kan that the LHR tech didn’t cease him from buying the GPUs and leveraging them for crypto mining functions. Teeter stated he added LHR-based Nvidia GPUs to his GPU farm, which will get $4.5K monthly in ethereum (ETH) earnings.

“Sure, I really feel LHR was pointless,” Teeter remarked and additional famous that LHR-based Nvidia GPUs “isn’t a deal-breaker for miners.”

LHR-Primarily based GPU Miners Bought on the Similar Charges, Ethereum Hashrate Coasting Alongside at File Highs

In the meantime, per week after Nvidia launched the Lite Hash Fee merchandise, the corporate admitted that it made $155 million from crypto mining chips in Q1 2021. On the time, Nvidia disclosed that cryptocurrency miners had boosted gross sales, however the firm additionally defined it was making an attempt to discourage miners from utilizing particular merchandise. A digital forex miner named Tim Tarshis informed Kan that he owns 30 LHR RTX 3060 Nvidia GPUs and he purchased them as a result of “everybody was flipping them.”

Tarshis additional stated that the LHR tech didn’t make the value of the GPUs cheaper, and he agreed that the Lite Hash Fee merchandise “did nothing” to discourage folks from utilizing these units to mine digital property. “Many individuals, miners, and scalpers, nonetheless have been shopping for playing cards on the identical charges as earlier than,” Tarshis added.

Presently, ethereum (ETH) is up greater than 95% year-to-date and the community’s hashrate has tapped all-time highs this yr. On the time of writing, the Ethereum hashrate is above 1 petahash per second (PH/s) or 1,038,957,431,086,586 hashes per second (H/s).

Till Ethereum transitions from a proof-of-work (PoW) chain to a full proof-of-stake (PoS) mannequin, it appears miners will leverage any machine they will use to rake in earnings. If Nvidia’s LHR merchandise nonetheless produce ETH and different GPU mineable crypto property, they doubtless will probably be used for such functions.

Tags on this story

ETH, Ethereum mining, GPU, graphic card, Graphic processing items (GPUs), graphics processing unit, Hash, Hashpower, Hashrate, hashrate limiter, LHR merchandise, Lite Hash Fee Tech, Nvidia, Nvidia Company, PoS, PoW, PoW Mining, Online game consoles

What do you concentrate on the crypto miners that say Nvidia’s LHR merchandise didn’t cease them from utilizing the GPUs to mine cryptocurrencies? Tell us what you concentrate on this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising immediately.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct supply or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any harm or loss prompted or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.

Extra Common Information

In Case You Missed It



Source link

Comments are closed.

bitcoin
Bitcoin (BTC) $ 24,132.47
ethereum
Ethereum (ETH) $ 1,923.60
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 324.13
xrp
XRP (XRP) $ 0.377974
cardano
Cardano (ADA) $ 0.536976
binance-usd
Binance USD (BUSD) $ 1.00
solana
Solana (SOL) $ 44.64
polkadot
Polkadot (DOT) $ 9.36
dogecoin
Dogecoin (DOGE) $ 0.071928
avalanche-2
Avalanche (AVAX) $ 29.13
staked-ether
Lido Staked Ether (STETH) $ 1,873.09
shiba-inu
Shiba Inu (SHIB) $ 0.000013
matic-network
Polygon (MATIC) $ 0.927256
dai
Dai (DAI) $ 1.00
tron
TRON (TRX) $ 0.070074
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 24,112.46
ethereum-classic
Ethereum Classic (ETC) $ 42.75
okb
OKB (OKB) $ 21.29
near
NEAR Protocol (NEAR) $ 5.98
leo-token
LEO Token (LEO) $ 4.79
litecoin
Litecoin (LTC) $ 62.31
chainlink
Chainlink (LINK) $ 9.25
ftx-token
FTX (FTT) $ 30.83
uniswap
Uniswap (UNI) $ 9.07
crypto-com-chain
Cronos (CRO) $ 0.154408
cosmos
Cosmos Hub (ATOM) $ 11.90
stellar
Stellar (XLM) $ 0.125760
flow
Flow (FLOW) $ 2.94
monero
Monero (XMR) $ 165.13
bitcoin-cash
Bitcoin Cash (BCH) $ 141.96
algorand
Algorand (ALGO) $ 0.363907
vechain
VeChain (VET) $ 0.033031
filecoin
Filecoin (FIL) $ 8.66
apecoin
ApeCoin (APE) $ 6.88
internet-computer
Internet Computer (ICP) $ 8.26
decentraland
Decentraland (MANA) $ 1.06
chain-2
Chain (XCN) $ 0.087037
hedera-hashgraph
Hedera (HBAR) $ 0.082685
tezos
Tezos (XTZ) $ 1.90
the-sandbox
The Sandbox (SAND) $ 1.32
quant-network
Quant (QNT) $ 125.18
axie-infinity
Axie Infinity (AXS) $ 18.60
theta-token
Theta Network (THETA) $ 1.62
aave
Aave (AAVE) $ 111.52
elrond-erd-2
Elrond (EGLD) $ 65.48
lido-dao
Lido DAO (LDO) $ 2.69
frax
Frax (FRAX) $ 0.999351
eos
EOS (EOS) $ 1.31
Shares