The largest player in the video card market, Nvidia has not yet been able to reduce the number of people mining on their GPUs. Despite repeated promises to make these devices more accessible to gamers.
According to a recent report from PC Gamer magazine, Nvidia’s new software aimed at combating Ethereum miners has proven useless.
The LHR (Low Hash Rate) technology was equipped with the entire line of the latest generation Nvidia RTX 3000 video cards. However, miners interviewed by journalists said that the firmware is easily hacked, and this makes the video card 74% more efficient. Some even manage to earn $ 4,500 from a farm of 95 GPUs every month without hacking, one of the interlocutors of PC Gamer admitted.
In addition, miners can easily mine other cryptocurrencies that are not as popular as ETH. The transition of miners to mining other cryptocurrencies is due, among other things, to the fact that the Ethereum network is planning a transition from the Proof-of-Work (PoW) consensus mechanism to the Proof-of-Stake (PoS) algorithm, which does not require powerful equipment from users.
Nvidia took the side of gamers back in May last year by announcing that it was going to limit the ability of mining on its GPUs. However, the company has still not been able to cope with the shortage in the video card market.
In November 2021, Nvidia reported sales of a separate line of processors for cryptocurrency mining (CMP). Sales, contrary to the expectations of the company’s management, amounted to only $105 million.
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