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Nvidia To Apply Reduced Ethereum Hash Rate To Its Newly Manufactured Graphics Cards

Nvidia, the graphics card giant, has said that it would be applying a reduced Ethereum hash rate to its newly manufactured GeForce RTX 3080, RTX 3070, and RTX 3060 Ti graphics cards

It has been reported that the models will be identified by a “Lite Hash Rate” (LHR) label, aimed at getting its graphics processing units (GPUs) to its target customers rather than cryptocurrency miners.

Matt Wuebbling, the Global Head of GeForce marketing at Nvidia, said:

“This reduced hash rate only applies to newly manufactured cards with the LHR identifier and not to cards already purchased. We believe this additional step will get more GeForce cards at better prices into the hands of gamers everywhere.”

However, Nvidia limited the hash rate on some of its earlier GPU models, announcing in February that the changes reduced mining performance by 50%.

In March, a driver update from the graphics card manufacturer inadvertently removed the limiter, allowing some crypto miners to achieve a hash rate of 118.9 megahashes per second for mining tokens using Nvidia’s RTX 3060 series.

Can gamers also be miners? Nvidia doesn’t think so, as it rolls out its hash rate limiting firmware to its premiere line of GPUs. But will miners find a workaround? — Cointelegraph (@Cointelegraph) May 18, 2021

The report said that many users responding to the news on computer news site VideoCardz seemed to believe that the expanded hash rate limits would reduce the incentive for Nvidia buyers to immediately resell their GPUs to crypto miners for a profit.

VideoCardz user Manicdan said:

“The price a miner would pay for these cards should now also drop slightly more in half too. If the typical eBay price was $2000 [for example], the new one should be closer to $1000. This might be way over the original price of a $500-$600, but hopefully also reduces the desire for scalpers to try so hard and maybe more get into gamers hands at the store rather than on eBay since scalpers need to sell a card for a sizable profit to cover the eBay fee, their time, and taxes.”

Thus, the company will start shipping the new RTX 3080, RTX 3070 and RTX 3060 Ti graphics cards in late May, with the LHR label in retail product listings and on the box.

Source: Cointelegraph



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