NVIDIA is very clear on its mining strategy, on the one hand the sale of graphics cards for mining under its range of CMP HX cards and on the other hand the relaunch of the RTX 30 under the LHR tag which stands for Lite Hash Rate in the sense that the extraction rate has been reduced compared to the RTX 30 of a few months ago. This cut was supposed to be only for Ethereum, but apparently NVIDIA has included other cryptocurrencies.
RTX 30 limit more cryptocurrencies than ETH
The reduction of the RTX 30 LHR for mining compared to the RTX 30 launched a few months ago is considerable. For example, an Ethereum RTX 3080 Ti has a mining capacity of 57 MH / s, which makes it less attractive due to its high price compared to the RTX 3080 without LHR which reaches 85 MH / s.
Well apparently NVIDIA has also reportedly reduced the mining capacity in its RTX 30 LHR of cryptocurrencies such as RavenCoin, Ethereum Classic, Ergo outside of Ethereum. Which are much less popular than Ethereum when it comes to mining, but since they are newer, they might assume that Ethereum would stop mining with gaming GPUs and do so with one of these alternative cryptocurrencies.
This contrasts with the information released a few days ago, where everything indicated that the reduction in mining capacities was only for Ethereum exclusively. This prompted many miners to decide to try other alternative cryptocurrencies to Ethereum.
However, in cryptocurrencies such as Conflux, it seems the hash rate continues to be high., therefore, changes made by NVIDIA to the RTX 30 LHR for mining do not apply to all mining algorithms.
The mining capacity of the RTX 30 LHR cannot be reversed
By inversion we mean making them mine at the same speed as the initial RTX 30s. The reason is that the PCI ID of the new RTX 30 LHR is different, so the old drivers won’t recognize the newer RTX 30 graphics cards, but NVIDIA keeps the information on how it managed to limit mining and We believe that there have been material changes that are involved in the process of limiting mining.
As cryptocurrency mining becomes more complex and difficult, one guy’s hardware becomes unprofitable and switches to another type of hardware to mine that cryptocurrency. It also happens that miners make the jump to other less popular and growing currencies, for which NVIDIA needs to cover itself if it doesn’t want to see miners run out of graphics again.
The fact that not all cryptocurrencies are capped by NVIDIA could lead to a second mining bubble, which is fatal for gaming GPU users.
