Fun

Nicehash Software ‘Fully Unlocks’ Nvidia’s Hashrate Reducing Technology

News Feed - 2022-05-09 03:05:03

Nicehash Software "Fully Unlocks" Nvidia’s Hashrate Reducing Technology


On Saturday, the cryptocurrency mining platform Nicehash revealed the company has “fully [unlocked] Nvidia’s [Lite Hash Rate]” graphic processing units (GPUs). Nicehash says the firm’s Quickminer mining software is the first protocol that can unlock LHR GPU cards by 100%. Nicehash Says Software Is the First to Fully Crack Nvidia’s Lite Hash Rate Technology


According to the digital currency mining platform Nicehash, the firm has developed software that completely unlocks Nvidia’s Lite Hash Rate-brand GPUs. “Nicehash has successfully unleashed the locked computing power for millions of people worldwide,” the company said on Saturday. “We are the first to fully unlock Nvidia’s LHR.”


Nvidia revealed the Lite Hash Rate (LHR) GPU cards in mid-May 2021 after the semiconductor giant said it wanted to put these chips back into the hands of gamers. “We believe this additional step will get more Geforce cards at better prices into the hands of gamers everywhere,” a Nvidia spokesperson said at the time.


The GPU manufacturer’s competitor AMD also introduced the first GPU dedicated to cryptocurrency mining called the AMD Navi 12. When Nvidia introduced the LHR technology it applied the protocol to three of its proprietary GPU cards. Cracking Nvidia’s LHR Tech Started Months Ago


Nicehash is not the only person to be able to remove Nvidia’s LHR tech. Last January, Bitcoin.com News reported on solo miners that had overcome the mining reducing technology. The report further explained that Nicehash told pcmag.com that month that Nvidia’s LHR technology “did not discourage miners at all.”


However, at that time, the reports noted that the miners bypassed the LHR tech by a fraction. The announcement Nicehash made on Saturday claims the Quickminer mining software removes LHR reducers by 100%.


“We are very excited to tell you that Nicehash Quickminer (Excavator) is the first mining software to fully (100%) unlock LHR cards,” a blog post published by Nicehash says. “Now you can earn more profits than any other mining software on the market if you are using LHR graphics cards with Nicehash Quickminer.”


Nicehash’s new software that unlocks Nvidia’s LHR GPU cards, follows the recent charges against Nvidia by the U.S. Securities and Exchange Commission (SEC). According to the SEC, Nvidia failed to disclose that crypto mining had increased revenue. The semiconductor firm agreed to pay a $5.5 million penalty for the lack of disclosure. Tags in this story ETH, Ethereum mining, GPU, graphic card, Graphic processing units (GPUs), graphics processing unit, Hash, Hashpower, Hashrate, hashrate limiter, LHR products, Lite Hash Rate Tech, Nicehash, Nicehash platform, Nicehash software, Nvidia, Nvidia Corporation, PoS, PoW, PoW Mining, Video game consoles


What do you think about Nicehash claiming that its software can fully unlock Nvidia’s LHR GPU cards so people can mine with them? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners MINING | 2 days ago Kazakhstan Amends Registration Rules for Cryptocurrency Miners MINING | 3 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleMeme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year Next articleValue Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Iran to Increase Penalties for Unauthorized Cryptocurrency Mining

News Feed

Conflicting Reports Emerge About SEC Helping Bankrupt Crypto Exchange FTX With Legal Loopholes
Conflicting Reports Emerge About SEC Helping Bankrupt Crypto Exchange FTX With Legal Loopholes The U.S. Securities and Exchange Commission (SEC) reportedly met with crypto exchange
Bob Baxley58 minutes agoEthereum is about to get crushed by liquid staking tokensThe popularity of liquid staking tokens could usher in a new age for Ethereum and the rest of cryptocurrency — and play a key role in the
Tom Mitchelhill2 hours agoUS defense bill may be problematic for USDC and stablecoins: AnalystsA proposed U.S. national defense bill could subject stablecoins issuers to KYC and AML requirements they would be unable to c
Japan’s Financial Giant SBI to Launch Cryptocurrency Fund
Japan"s Financial Giant SBI to Launch Cryptocurrency Fund Japanese financial conglomerate SBI Holdings is reportedly launching a crypto fund that will invest in several cryptocurre
Amaka Nwaokocha13 hours agoUS judge rules in favor of human ingenuity, denies copyright for AI artThis ruling shifts the conversation on AI and copyright, underscoring the significance of human creativity in intellectual
Bitcoin NFTs make comeback in weekly sales, flipping Ethereum
Jesse Coghlan5 hours agoBitcoin NFTs make comeback in weekly sales, flipping EthereumBitcoin NFTs posted a year-to-date record daily sales volume over the weekend and even beat out Ethereum for the week.4875 Total views2
AI-powered smart contracts could be ‘transformative’ — Ava Labs founder
Andrew Singer10 hours agoAI-powered smart contracts could be ‘transformative’ — Ava Labs founderImagine if ordinary people could write smart contracts in their native language. It could bring in “billions of new
Bitcoin volatility hovering within 6% of record low levels
Ciaran LyonsJun 09, 2024Bitcoin volatility hovering within 6% of record low levelsBefore the June 7 price decline, Bitcoin’s volatility over the previous 15 days was within “the bottom 6% of occurrences.”7681 Total
Canadian Police Seize Bitcoin Worth $28 Million From Former Government Employee in Ransomware Case
Canadian Police Seize Bitcoin Worth $28 Million From Former Government Employee in Ransomware Case Canada’s police have seized bitcoin worth more than $28 million from a for
Bitcoin price recovery to $62.5K could trigger breakout in TON, AVAX, KAS and XMR
Rakesh Upadhyay4 hours agoBitcoin price recovery to $62.5K could trigger breakout in TON, AVAX, KAS and XMRBitcoin’s recent weakness has pulled several altcoins lower, but TON, AVAX, KAS and XMR look set to move higher
OpenAI co-founder and chief scientist departs AI firm
Jesse Coghlan7 hours agoOpenAI co-founder and chief scientist departs AI firmIllya Sutskever said he’s leaving OpenAI for a “personally meaningful” project with research director Jakub Pachocki now moving into the
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indi