NiceHash said it has fully unlocked the hashrate unleashed by Nvidia’s Lite Hash Rate (LHR) series GPUs.
NiceHash has successfully unleashed the locked computing power for millions of people worldwide! We are the first to FULLY UNLOCK NVIDIA's LHR!! 💯 You're welcome 😉https://t.co/a3dmSyPEQQ
— NiceHash (@NiceHashMining) May 7, 2022
NVIDIA RTX series unlocks new hashrate potential
The unlocking is made possible by the new v0.5.4.0 release candidate of their QuickMiner software, which is only usable on Windows.
NiceHash also claims that, thanks to this new feature, QuickMiner will now allow users to earn more money with LHR mining than any other similar software on the market, even for those using a pool.
What is QuickMiner
QuickMiner is mining software designed to be easy to use, with fluid profiles that are relatively simple to set up to maximize profits.
It is thanks to Excavator that it is able to unlock 100% of the LHR hashrate. It supports all LHR variants except LHRv3 (RTX 3050 and RTX 3080 12 GB).
Using Excavator on QuickMiner, Ethereum can be mined using LHR, while XMRig can be mined using the CPU.
With Excavator users can now achieve up to 50 MH/s with RTX 3060 LHR, and up to 120 MH/s with RTX 3080 Ti LHR.
NVIDIA’s Hashrate Lite GPUs were launched last year as a better mining alternative to the GeForce GPUs, with the goal of reducing demand and cost for the latter. Over the years, soaring demand for mining GPUs had driven up their cost, especially for those who didn’t want to use them for mining.
NVIDIA and its issues with the SEC
NVIDIA was accused by the SEC of not providing complete information on the impact of crypto mining on its revenues.
NVIDIA is a publicly-traded company, so it is obliged to disclose relevant information about its business and especially its revenue sources to the SEC.
The SEC noted that in 2018 the company did not disclose that crypto mining was:
“A significant element of its material revenue growth from the sale of its graphics processing units (GPUs) designed and marketed for gaming”.
According to the head of the SEC Enforcement Division’s Crypto Assets and Cyber Unit, Kristina Littman, the failure to disclose this information deprived investors of critical information to evaluate the company’s business.
The company, without admitting or denying the allegations, settled with the SEC and agreed to pay a $5.5 million penalty.
NVIDIA’s stock lost more than 4.5% on Friday’s disclosure, but within a few hours, the price rebounded enough to recover almost all of those losses.