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NVIDIA GeForce RTX 30 LHR graphics cards have been unlocked, NiceHash confirms 100% cryptocurrency mining speed in latest QuickMiner update

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NVIDIA GeForce RTX 30 LHR graphics card launched almost a year ago, and now the series has been unlocked by NiceHash, offering 100% crypto mining speed.

NVIDIA GeForce RTX 30 LHR graphics cards now offer 100% cryptocurrency mining speed via QuickMiner unlock from NiceHash

Since its inception, there have been many attempts to circumvent the LHR. The technology was used to deter miners from buying gaming graphics cards, but as we’ve seen, it hasn’t helped if you get 70-80% of your mining speed. NBMiner and QuickMiner The upgrades still allowed crypto miners to make a decent profit from GeForce RTX 30 series cards.

Hundreds of workstation-targeted NVIDIA Quadro RTX A4000 cards are in Riga for cryptocurrency mining

We are very pleased to inform you that NiceHash QuickMiner (Excavator) is the first mining software to COMPLETELY (100%) UNLOCK NVIDIA LHR cards!

Now you can make more profit than any other mining software on the market if you use NVIDIA LHR graphics cards with NiceHash QuickMiner. NiceHash Miner support is coming soon.

This also makes it more profitable than mining directly in the pool, as other software is not able to reveal the full power of your hardware.

through NiceHash

Now that the passion for mining is at its lowest, NiceHash has decided to offer an update for the crypto miner QuickMiner, which is based on the Daggerhashimotto algorithm for mining Ethereum or ETH. Back in August 2021, the same software was used to unlock up to 70% of the hashrate, and in future versions the mining speed reached 80%. With the latest update, crypto miners can get 100% mining speed even when using an LHR graphics card. Thus, the RTX 3080 and RTX 3080 LHR will produce the same hash rate, even though the latter is designated as a “Lite Hash Rate” option.

The following screenshot shows that the NVIDIA GeForce RTX 3080 Ti offers a mining speed of 120 MHz / s, which was around 90-100 MHz / s before this update. 3080 Ti released only with LHR.

All cards, except the NVIDIA GeForce RTX 3090 series, received LHR processing. But at the same time mining may not be as profitable as it was a year ago. Cards like the RTX 3090 TI produce about 125-130 MH / s, which translates to $ 4-5. That means it will pay off in 400 days (over a year) and that’s without taking into account the cost of electricity. The RTX 3080 produces about $ 3-3.5, and it will take 250-280 days to recover. Although the cards have become much cheaper and are now returning to MSRP prices, it seems no longer worth investing in mining equipment, but those who already had LHR cards can now earn higher mining rates and extra income from their hardware.

Now to say that NVIDIA’s “LHR” attempt was unsuccessful from the start would be a bit wrong. Although this encouraged retailers and distributors to raise prices on non-LHR cards, allowing them to make higher profits, it also meant that miners initially stayed away from LHR playing cards, although they were available in limited quantities and were also greatly inflated in prices. So overall, it looks like this is the end of NVIDIA LHR, and if mining isn’t as crazy as it used to be, and GPUs are back in stock, we can say goodbye to the feature once and for all.

https://wccftech.com/nvidia-geforce-rtx-30-lhr-graphics-card-fully-unlocked-nicehash-crypto-mining-update/

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