NVIDIA’s GeForce RTX 30 LHR graphics cards were released about a year ago, and now the series has been unlocked by NiceHash, allowing users to mine cryptocurrency at 100 percent efficiency.
Many attempts have been made to circumvent LHR since the institution’s founding. Miners were discouraged from purchasing gaming graphics cards with the help of technology, but as we saw, this didn’t have much of an effect because gaining 70-80 percent of the mining speed through NBMiner and QuickMiner updates still allowed crypto miners to make decent profits from GeForce RTX 30 series graphics cards.
We are very excited to tell you that NiceHash QuickMiner (Excavator) is the first mining software to FULLY (100%) UNLOCK NVIDIA LHR cards!
Now you can earn more profits than any other mining software on the market if you are using NVIDIA LHR graphics cards with NiceHash QuickMiner.Support for NiceHash Miner is coming soon.
This also makes it more advantageous than mining direct to a pool, since other software is not capable of unleashing the full capacity of your hardware.
NiceHash has decided to provide an upgrade to its cryptocurrency miner, QuickMiner, which is based on the Daggerhashimotto algorithm and is used to mine Ethereum (ETH). Now that the mining craze has waned, the company has decided to give an update to its cryptocurrency miner, QuickMiner. In August 2021, the same software was used to unlock up to 70% of the Hashrate, with upcoming versions unlocking up to 80% of the mining rate in the future. Crypto miners can now achieve a 100 percent mining rate even when utilizing a low-power graphics card, thanks to the most recent upgrade. As a result, despite the fact that the RTX 3080 LHR is marketed as a ‘Lite Hash Rate’ model, the RTX 3080 and RTX 3080 LHR will yield the same hash rate.
This screenshot shows the NVIDIA GeForce RTX 3080 Ti providing a mining rate of 120 MH/s, which was previously between 90 and 100 MH/s before the update. The 3080 Ti was first available in LHR-only configurations.
LHR was applied to every single card, with the exception of the NVIDIA GeForce RTX 3090 series. However, mining may not be as profitable as it was a year ago, if it is still viable at all. Cards such as the RTX 3090 TI generate approximately 125-130 MH/s, which amounts to $4-$5 per MH/s. This means that it will only take 400 days (a little more than a year) for the system to pay for itself, and that is before the cost of power is factored in. The RTX 3080 generates approximately $3-$3.5 per watt, and it will take 250-280 days to recoup its costs. Despite the fact that the cards have become significantly less expensive and are now returning to MSRP levels, it appears that it is no longer worthwhile to invest in mining gear; nonetheless, those who currently own LHR cards will benefit from the increased mining rates and earnings.
To suggest that NVIDIA’s ‘LHR’ endeavor was a failure from the start would be a little bit of an exaggeration. As a result, while it prompted retailers and distributors to raise the prices of non-LHR cards, allowing them to earn higher profits, it also resulted in miners staying away from ‘LHR’ specific gaming cards at first, despite the fact that they were available in limited supply and had their prices artificially inflated. Overall, it appears like NVIDIA LHR is coming to an end, and with mining not being as frantic as it once was and GPUs once again being available, we can finally say farewell to the function.