THELOGICALINDIAN - In midMay 2024 the American bunch technology aggregation Nvidia Corporation appear that it added a hashrate limiter to barrier the use of cryptocurrency mining with its cartoon processing units GPUs However crypto miners now say the move was absurd and the mining alignment Nicehash capacity that the hashrate limiter arrangement alien by Nvidia did not abash miners at all
Nvidia’s Hashrate Limiter Didn’t Stop Crypto Miners From Using the Products
Last year Bitcoin.com News reported on Nvidia’s “Lite Hash Rate” (LHR) technology, aback the cartoon cards architect attempted to stop crypto miners from leveraging its GPUs to abundance agenda assets. Nvidia activated LHR to three specific GPU products, and the aggregation said the action was to get its agenda aback into the easily of gamers. Eight months later, letters say that the LHR tech did actual little to stop crypto miners from utilizing these specific Nvidia devices.
The cryptocurrency mining Platform Nicehash told pcmag.com that LHR technology “did not abash miners at all.” Moreover, a crypto miner called Blake Teeter from Colorado told pcmag.com’s Michael Kan that the LHR tech did not stop him from purchasing the GPUs and leveraging them for crypto mining purposes. Teeter said he added LHR-based Nvidia GPUs to his GPU farm, which gets $4.5K per ages in ethereum (ETH) profits.
“Yes, I feel LHR was pointless,” Teeter remarked and added acclaimed that LHR-based Nvidia GPUs “isn’t a deal-breaker for miners.”
LHR-Based GPU Miners Sold at the Same Rates, Ethereum Hashrate Coasting Along at Record Highs
Meanwhile, a anniversary afterwards Nvidia alien the Lite Hash Rate products, the aggregation accepted that it fabricated $155 actor from crypto mining chips in Q1 2024. At the time, Nvidia appear that cryptocurrency miners had additional sales, but the aggregation additionally explained it was aggravating to avert miners from application specific products. A agenda bill miner called Tim Tarshis told Kan that he owns 30 LHR RTX 3060 Nvidia GPUs and he bought them because “everyone was flipping them.”
Tarshis added said that the LHR tech did not accomplish the amount of the GPUs cheaper, and he agreed that the Lite Hash Rate articles “did nothing” to abash bodies from application these accessories to abundance agenda assets. “Many people, miners, and scalpers, still were affairs cards at the aforementioned ante as before,” Tarshis added.
Currently, ethereum (ETH) is up added than 95% year-to-date and the network’s hashrate has broke best highs this year. At the time of writing, the Ethereum hashrate is aloft 1 petahash per second (PH/s) or 1,038,957,431,086,586 hashes per additional (H/s).
Until Ethereum transitions from a proof-of-work (PoW) alternation to a abounding proof-of-stake (PoS) model, it seems miners will advantage any accessory they can use to rake in profits. If Nvidia’s LHR articles still aftermath ETH and added GPU mineable crypto assets, they acceptable will be acclimated for such purposes.
What do you anticipate about the crypto miners that say Nvidia’s LHR articles didn’t stop them from application the GPUs to abundance cryptocurrencies? Let us apperceive what you anticipate about this accountable in the comments area below.
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