CRYPTO LITTER
TrendsyToken.io
  • Coin Tracker
  • Bitcoin

    BTC To See Correction Below $10K, Predicts Founder Of Midas

    Can XRP Continue To Outperform Bitcoin?

    Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?

    Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis

  • Ethereum

    Finalized no. 25 | Ethereum Foundation Blog

    EF-Supported Teams: Research & Development Update

    Grantee Roundup: April 2021 | Ethereum Foundation Blog

    Announcing the EF Fellowship Program, Cohort #2

  • Blockchain
  • NFT Trends

    DeGods Removes Royalties from Resales

    Orange Comet Strikes Partnership with Sir Anthony Hopkins

    CNN’s NFT Platform Shuts Down, Users are Raging

    The SEC Casts a Beady Eye Over Yuga Labs’ Operations

  • Fashion Trends

    What to Wear Hiking This Summer

    35 Affordable Items I’m Eyeing From the Shopbop Sale

    12 Water-Based Makeup Products That Give You Dewy Skin

    The Best Postpartum Clothes I Wore on Maternity Leave

  • VR & Metaverse

    Meta Working With Ray-Ban On New Smart Glasses

    Quest Pro’s Controllers Have “Up To” 8-Hour Battery Life

    VR Developer Schell Games Donates $20K To Charities

    Meta Avatars Getting Legs Soon, And New Graphics Next Year

No Result
View All Result
  • Coin Tracker
  • Bitcoin

    BTC To See Correction Below $10K, Predicts Founder Of Midas

    Can XRP Continue To Outperform Bitcoin?

    Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?

    Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis

  • Ethereum

    Finalized no. 25 | Ethereum Foundation Blog

    EF-Supported Teams: Research & Development Update

    Grantee Roundup: April 2021 | Ethereum Foundation Blog

    Announcing the EF Fellowship Program, Cohort #2

  • Blockchain
  • NFT Trends

    DeGods Removes Royalties from Resales

    Orange Comet Strikes Partnership with Sir Anthony Hopkins

    CNN’s NFT Platform Shuts Down, Users are Raging

    The SEC Casts a Beady Eye Over Yuga Labs’ Operations

  • Fashion Trends

    What to Wear Hiking This Summer

    35 Affordable Items I’m Eyeing From the Shopbop Sale

    12 Water-Based Makeup Products That Give You Dewy Skin

    The Best Postpartum Clothes I Wore on Maternity Leave

  • VR & Metaverse

    Meta Working With Ray-Ban On New Smart Glasses

    Quest Pro’s Controllers Have “Up To” 8-Hour Battery Life

    VR Developer Schell Games Donates $20K To Charities

    Meta Avatars Getting Legs Soon, And New Graphics Next Year

No Result
View All Result
Crypto Litter
No Result
View All Result
Home Bitcoin

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

January 29, 2022
in Bitcoin
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

BTC To See Correction Below $10K, Predicts Founder Of Midas

Can XRP Continue To Outperform Bitcoin?

[ad_1]

In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units (GPUs). However, crypto miners now say the move was pointless, and the mining organization Nicehash details that the hashrate limiter scheme introduced by Nvidia “did not discourage 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, when the graphics cards manufacturer attempted to stop crypto miners from leveraging its GPUs to mine digital assets. Nvidia applied LHR to three specific GPU products, and the company said the motivation was to get its card back into the hands of gamers. Eight months later, reports say that the LHR tech did very little to stop crypto miners from utilizing these specific Nvidia devices.

The cryptocurrency mining Platform Nicehash told pcmag.com that LHR technology “did not discourage miners at all.” Moreover, a crypto miner named 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 month in ethereum (ETH) profits.

“Yes, I feel 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 at the Same Rates, Ethereum Hashrate Coasting Along at Record Highs

Meanwhile, a week after Nvidia introduced the Lite Hash Rate products, the company admitted that it made $155 million from crypto mining chips in Q1 2021. At the time, Nvidia disclosed that cryptocurrency miners had boosted sales, but the company also explained it was trying to deter miners from using specific products. A digital currency miner named Tim Tarshis told Kan that he owns 30 LHR RTX 3060 Nvidia GPUs and he bought them because “everyone was flipping them.”

Tarshis further said that the LHR tech did not make the price of the GPUs cheaper, and he agreed that the Lite Hash Rate products “did nothing” to discourage people from using these devices to mine digital assets. “Many people, miners, and scalpers, still were buying cards at the same rates as before,” Tarshis added.

Currently, ethereum (ETH) is up more than 95% year-to-date and the network’s hashrate has tapped all-time highs this year. At 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).

Until Ethereum transitions from a proof-of-work (PoW) chain to a full proof-of-stake (PoS) model, it seems miners will leverage any device they can use to rake in profits. If Nvidia’s LHR products still produce ETH and other GPU mineable crypto assets, they likely will be used for such purposes.

Tags in this story
ETH, Ethereum mining, GPU, graphic card, Graphic processing units (GPUs), graphics processing unit, Hash, Hashpower, Hashrate, hashrate limiter, LHR products, Lite Hash Rate Tech, Nvidia, Nvidia Corporation, PoS, PoW, PoW Mining, Video game consoles

What do you think about the crypto miners that say Nvidia’s LHR products didn’t stop them from using the GPUs to mine cryptocurrencies? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It



[ad_2]

Tags: BitcoincryptohashLiteminersMiningNewsNvidiasPointlessRatestopTech
Share76Tweet48

Related Posts

BTC To See Correction Below $10K, Predicts Founder Of Midas

Bitcoin (BTC) hasn’t been in its best state lately, falling from a high of over $69,000 to the current...

Can XRP Continue To Outperform Bitcoin?

Ripple struggled to clear the $0.550 resistance against the US Dollar. XRP price is now moving lower and might...

Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?

Ethereum failed to clear the $1,300 resistance zone against the US Dollar. ETH is declining and there is a...

Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis

A new study shows that over 18% of all crypto received by Eastern Europe comes from addresses associated with...

Ripple CEO Anticipates Answer in SEC Lawsuit Over XRP in the First Half of 2023 – Regulation Bitcoin News

Ripple CEO Brad Garlinghouse says he thinks “we’ll have an answer in the first half of next year” in...

Load More
  • Trending
  • Comments
  • Latest

Trendsy Token Is Taking Over

Introducing A0K1VERSE- The New Metaverse From Steve Aoki –

The Sandbox Secures Strategic Partnership with Warner Music Group

Optimized Ethereum Mining Settings for Nvidia RTX 3060 Ti, RTX 3070, RTX 3080 and RTX 3090 GPUs

BTC To See Correction Below $10K, Predicts Founder Of Midas

Buy Stuff with Bitcoin | Which Online Stores Accept CryptoCurrency?

Bitcoin bulls ‘hold back’ as BTC’s monthly futures expiry approaches

Made in Umbria: IBM Food Trust helps certify food authenticity

BTC To See Correction Below $10K, Predicts Founder Of Midas

Can XRP Continue To Outperform Bitcoin?

Ethereum Price Remains Vulnerable, Will ETH Fall Back To $1K?

Stablecoin Could be Russia’s Preferred Medium of Exchange for Foreign Trade: Chainalysis

  • Coin Tracker
  • Bitcoin
  • Ethereum
  • Blockchain
  • NFT Trends
  • Fashion Trends
  • VR & Metaverse

© 2021 Crypto Litter - The #1 Source for Crypto Shit

No Result
View All Result
  • Coin Tracker
  • Bitcoin
  • Ethereum
  • Blockchain
  • NFT Trends
  • Fashion Trends
  • VR & Metaverse

© 2021 Crypto Litter - The #1 Source for Crypto Shit

  • RelevantRelevant(REL)$0.780.38%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%