Report: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’

In mid-May 2021, the American multinational exertion institution Nvidia Corporation revealed that it added a hashrate limiter to curb the usage of cryptocurrency mining with its graphics processing units (GPUs). However, crypto miners present accidental the determination was pointless, and the mining enactment Nicehash details that the hashrate limiter strategy introduced by Nvidia “did not discourage miners astatine all.”

Nvidia’s Hashrate Limiter Didn’t Stop Crypto Miners From Using the Products

Last twelvemonth Bitcoin.com News reported connected Nvidia’s “Lite Hash Rate” (LHR) technology, erstwhile the graphics cards shaper attempted to halt crypto miners from leveraging its GPUs to excavation integer assets. Nvidia applied LHR to 3 circumstantial GPU products, and the institution said the information was to get its paper backmost into the hands of gamers. Eight months later, reports accidental that the LHR tech did precise small to halt crypto miners from utilizing these circumstantial Nvidia devices.

The cryptocurrency mining Platform Nicehash told pcmag.com that LHR exertion “did not discourage miners astatine all.” Moreover, a crypto miner named Blake Teeter from Colorado told pcmag.com’s Michael Kan that the LHR tech did not halt him from purchasing the GPUs and leveraging them for crypto mining purposes. Teeter said helium added LHR-based Nvidia GPUs to his GPU farm, which gets $4.5K per period successful ethereum (ETH) profits.

“Yes, I consciousness LHR was pointless,” Teeter remarked and further noted that LHR-based Nvidia GPUs “isn’t a deal-breaker for miners.”

LHR-Based GPU Miners Sold astatine the Same Rates, Ethereum Hashrate Coasting Along astatine Record Highs

Meanwhile, a week aft Nvidia introduced the Lite Hash Rate products, the institution admitted that it made $155 cardinal from crypto mining chips successful Q1 2021. At the time, Nvidia disclosed that cryptocurrency miners had boosted sales, but the institution besides explained it was trying to deter miners from utilizing circumstantial products. A integer currency miner named Tim Tarshis told Kan that helium owns 30 LHR RTX 3060 Nvidia GPUs and helium bought them due to the fact that “everyone was flipping them.”

Tarshis further said that the LHR tech did not marque the terms of the GPUs cheaper, and helium agreed that the Lite Hash Rate products “did nothing” to discourage radical from utilizing these devices to excavation integer assets. “Many people, miners, and scalpers, inactive were buying cards astatine the aforesaid rates arsenic before,” Tarshis added.

Currently, ethereum (ETH) is up much than 95% year-to-date and the network’s hashrate has tapped all-time highs this year. At the clip of writing, the Ethereum hashrate is supra 1 petahash per second (PH/s) oregon 1,038,957,431,086,586 hashes per 2nd (H/s).

Until Ethereum transitions from a proof-of-work (PoW) concatenation to a afloat proof-of-stake (PoS) model, it seems miners volition leverage immoderate instrumentality they tin usage to rake successful profits. If Nvidia’s LHR products inactive nutrient ETH and different GPU mineable crypto assets, they apt volition beryllium utilized for specified purposes.

What bash you deliberation astir the crypto miners that accidental Nvidia’s LHR products didn’t halt them from utilizing the GPUs to excavation cryptocurrencies? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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