In a recent report, NBminer had allegedly claimed that they have managed to crack mining limiters of NVIDIA LHR GPU, which is also known as RTX 3000 series GPU.
Though it managed to restore as much as 70% of the crypto mining performance of the GPU, that’s still worth mentioning because NVIDIA had probably thought that it would put a stop to Ethereum mining with the introduction of the LHR (Lite Hash Rate) series.
Sad News for the Gamers
If the claim about NBMiners regarding restoration of 70% performance on the LHR GPUs will come as sad news for the gamers because now the LHR series too is on the radars of the miners. Well, we are also aware that they won’t be stopping, and we might not completely eliminate the possibility of a complete workaround to NVIDIA’s anti-mining limiters.
The NBMiners had hit hard on the discord of NVIDIA, which had released their enhanced LHR GPU’s in order to impact the movement of crypto miners, refraining them from buying all the GPU stocks.
To be precise, it was 68% of the total, and according to various tests, it is the most stable value, and NBMiners’ work is still in progress.
Currently, the hack only supports the ethash algorithm, which works seamlessly on Linux as well as on Windows; it is likely that soon we would see other mining algorithms adding up in the list.
Will there be a Surge in Price for NVIDIA RTX 30-Series?
With the ever-growing demand for GPUs among Crypto miners, their prime motive is to mine ethereum. It is highly likely that the RTX 30 Series GPU prices would undoubtedly rise.
One of the reasons is the ongoing global shortage, which has caused a surge of around 3 to 4 times their MSRP for models like RTX 3070 RTX 3080.
For the miners, the NVIDIA LHR graphics card would be a worthy investment option. Currently, the coveted Ampere graphics card delivered a hash rate of around 60 MH/s, but eventually, the miners could squeeze it down to around 41 HZ/s.
Reports are claiming that the company is all set to come up with an all-new RTX 4000 by next year, so it would be worth waiting for some time considering the inflation in the price of the RTX 3000 card. Ethereum is also in the process of transforming from a proof of work (PoW) model to a proof of stake (PoS) model.
It will eventually bring down the power consumption by around 99.95%; that’s what is claimed by the Ethereum Foundation.