Crypto mining platform NiceHash says it developed workaround to Nvidia hash rate limiter

NiceHash, a cryptocurrency mining software company, tweeted on Saturday that its new software could fully unlock Nvidia's light hashrate (LHR) mining limiter on some graphics cards for mining ethereum.

Last May, computing hardware maker Nvidia reduced the possible hash rate production of its GeForce graphics cards to discourage their use for mining, The Block reported at the time. Prices for graphics cards have been on a steady decline since at least the beginning of the year.

The problem was that dedicated gaming computers were being utilized for ethereum mining, which in turn drove up hardware prices and created shortages, making the product less accessible to those looking to use it for its intended use. 

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Currently, only NiceHash Quickminer (Excavator) supports the unlock, the company said on its website, adding that support for NiceHash Miner would be coming soon.

NiceHash is the first to fully unlock mining performance on LHR cards, according to Forbes, which also cited a YouTube video by Son of a Tech showing the software “living up to its claim.”

On Sunday, the NiceHash Rig Manager was briefly down, according to the company website, possibly from an influx of traffic.

About Author

Mike Millard has worked as an editor for Bloomberg and Reuters, various newspapers and websites. He lived in Asia for more than two decades and now calls the Greek island of Corfu home. He is the author of three books.