What just happened? NiceHash’s mining software can now bypass the mining limiter that Nvidia has put on LHR versions of its Ampera line, restoring full mining performance to most GPUs. However, this may not be as bad as it sounds, as Ethereum is expected to switch to the Proof-of-Stake algorithm soon.
More than a year ago, Nvidia launched Lite Hash Rate (LHR) versions of most of its RTX 3000 line, which it designed to significantly reduce mining performance for Ethereum and other cryptocurrencies that can be mined by the GPU.
Since then, miners have been trying to circumvent this limiter with varying degrees of success. A few months ago, an unlock tool came out claiming to restore full mining performance, but it turned out to be just malware.
Today, the developers of NiceHash, a company that offers mining software, announced that they have completely bypassed Nvidia’s limiter and unlocked the full performance of mining LHR cards.
Several outlets tested the latest QuickMiner release candidate and confirmed it was working. The unlocked RTX 3080 Ti can now easily get over 110 MH / s, whereas before it was limited to around 80 MH / s.
However, there are a few caveats, as this method currently only works on Windows machines and only supports the DaggerHashimoto (Ethash) algorithm. It also doesn’t work on GeForce RTX 3050 and GeForce RTX 3080 12GB cards, as they reportedly have a new LHR algorithm.
Given how bad the crypto market has been going lately (the price of Ethereum is currently half the top) and the improved availability and price of graphics cards, this news is unlikely to affect the market too much. With most cards it will take you close to a year to pay off, while Ethereum’s transition to the Proof-of-Stake algorithm is expected this year.