Nvidia’s Lite Hash Charge Tech to Cease Crypto Miners ‘Was Pointless’ – Mining Bitcoin Information


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 12 months Bitcoin.com Information reported on Nvidia’s “Lite Hash Charge” (LHR) expertise, when the graphics playing cards producer tried to cease crypto miners from leveraging its GPUs to mine digital belongings. 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 players. Eight months later, studies say that the LHR tech did little or no to cease crypto miners from using these particular Nvidia units.

The cryptocurrency mining Platform Nicehash advised pcmag.com that LHR expertise “didn’t discourage miners in any respect.” Furthermore, a crypto miner named Blake Teeter from Colorado advised 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 per thirty days in ethereum (ETH) income.

“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-Based mostly GPU Miners Offered on the Similar Charges, Ethereum Hashrate Coasting Alongside at File Highs

In the meantime, every week after Nvidia launched the Lite Hash Charge 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 attempting to discourage miners from utilizing particular merchandise. A digital foreign money miner named Tim Tarshis advised 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 worth of the GPUs cheaper, and he agreed that the Lite Hash Charge merchandise “did nothing” to discourage folks from utilizing these units to mine digital belongings. “Many individuals, miners, and scalpers, nonetheless have been shopping for playing cards on the similar 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 12 months. 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 income. If Nvidia’s LHR merchandise nonetheless produce ETH and different GPU mineable crypto belongings, they seemingly 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 Charge 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 under.

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 at the moment.

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