Nvidia, the world’s largest provider of GPUs (Desktop Graphics Cards – Used for Cryptographic Mining), launched LHR (Lite Hash Rate) technology in May 2021. In 2021, Nvidia’s LHR anti-mining software ensured that selected graphics cards were subject to strict mining restrictions, hampering the performance and profitability of the average cryptocurrency miner.
Competition to unlock LHR technology
Not surprisingly, since then it has been a competition for crypto mining experts around the world to break the code and make LHR GPUs useful for crypto miners. Solominers have been tackling this problem since Nvidia introduced the technology, but NiceHash was the first product to completely unlock the LHR graphics card using its own software, QuickMiner (Excavator). Yes, it has become an online news headline around the world.
NiceHash CEO Martin Škorjanc explains what this means and why it’s great news for crypto miners. He also estimates that breakthroughs will not adversely affect gamers.
Global crypto mining around the world has benefited from the breakthroughs in LHR limiters since NVIDIA.
Martin Škorjanc is the CEO of NiceHash. He explains: Ethereum It was only a matter of time before the company figured out how to avoid it.
“The NiceHash team first decrypted the algorithm so that the LHR graphics card could be restored to 100% ETH mining performance, although other mining software became part of it a year after its launch. We are the ones who have been able to offer benefits to NiceHash users during this exciting time.
“So far, QuickMiner supports the DaggerHashimoto (Ethash) algorithm, but we’re working to get it enabled soon for Linux users. NiceHash QuickMiner unlocks almost every graphics card. You can now maximize your mining processing power. There are a few exceptions when using the new LHR algorithm. “
NiceHash service means more revenue potential for users
A January 2022 Bitcoin.com Report He said that attempts by Nvidia and its new management structure to slow down or stop crypto miners by limiting the tools available are almost pointless. This news meant reducing the limits on the profits that millions of miners could earn and reducing bank money for the average miner.
“we Talked to PCMag At the time, it was clear that Nvidia’s move didn’t feel like it was blocking the miners, “explains NiceHash’s Škorjanc. “This is largely because LHR cards only halved Eth mining by 50%, which allowed us and other partners around the world to develop software that would gradually increase this. And by May 2022 we were able to do so up to 100%. We are the father of this breakthrough in the global mining industry and several other providers soon followed up. “”
“We don’t think our breakthrough will have a negative impact on the sector, as the cost and availability of graphics cards has been mitigated recently. The only way this can happen is to Ethereum. If the biggest business profit is to buy everything before the transition finally occurs.
The Ethereum change is a long-awaited transition Proof of Stake (PoS)Initially scheduled to roll out in June 2022, it has recently been confirmed that this move (called “The Merge”) will take a few more months. There are many skeptics as to why this continues to be delayed and what data means for the wider crypto industry.
Continued support for NiceHash users
“We are really pleased that QuickMiner gives LHR graphics card users the opportunity to make more money,” said Martin Škorjanc of NiceHash. “No other software can maximize the potential of the device in the same way, so it’s better than mining directly into the pool.
“Miners can choose to buy non-LHR graphics cards, but the important thing is that the technology that was supposed to limit mining capacity is now unstoppable. There are many options on the market these days. The miners had few choices because there was no, and the scalper would buy everything in front of them.
“For many miners (not just NiceHash miners), buying an LHR card makes long-term implications for future ETH merging and internal systems for mining. This will eventually happen and When Ethereum can no longer be mined, the demand for LHR cards will skyrocket. Of course, Nvidia may decide to extend the limiter software to more currencies and make it a father, but there was no confirmation. “