Report: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners 'Was Pointless' - YesMobile (2024)

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Report: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners 'Was Pointless' - YesMobile? ›

Nvidia applied LHR to three specific GPU products, and the company said the motivation was to get its card back into the hands of gamers. Eight months later, reports say that the LHR tech did very little to stop crypto miners from utilizing these specific Nvidia devices.

Crypto mining requires a significant amount of energy, which can be expensive. Using renewable energy sources like solar or wind can reduce your energy costs and increase your profits.

Does mining wear out the GPU? Per hour no more than gaming. Gaming is entertainment. Most gamers won't undervolt their GPU to get the most economical performance out of it, nor will they care how hot it runs unless it hits its thermal throttle.

Crypto mining can strain your PC's resources, primarily through heat generation and increased wear and tear on hardware like the CPU and GPU. Proper cooling, a reliable power supply, and moderate usage are crucial to minimize risks and extend your PC's lifespan while mining.

The reason? In part, crypto miners were snapping up cards to mine coins such as ethereum. Now that the mining craze is over, these cards and their components are hitting auction sites in vast numbers due to cryptocurrencies such as Ethereum no longer being minable or simply being unprofitable.

Our Opinion. With the right setup, Bitcoin mining is profitable. However, there is no definitive way to know how much money you will make from Bitcoin mining. This is because there are many variables that can determine profitability.

Yes. Crypto mining can be profitable - but there are factors miners need to consider including electricity costs, mining difficulty, and market conditions. All these can significantly impact profitability.

Mining cryptocurrency can put a significant amount of stress on your GPU, as it requires the graphics card to perform intensive calculations for extended periods. This stress can lead to a decrease in the lifespan of your GPU and may result in reduced performance or even hardware failure.

Every GPU accumulates damage as time goes on, and the rate of GPU damage accelerates significantly if you use it 24/7 for stressful tasks—like crypto mining. In other words, you don't want a used crypto mining GPU because you might not get the performance that you are paying for.

What are the risks with used mining GPUs? The obvious worry for buying a graphics card used for mining is that performance will be vastly degraded, and the GPU will fail sooner than expected. This is generally not the case, however. In our experience, mining GPUs do not seem to show much reduction in capability.

What is illegal crypto mining? ›

Cryptojacking (also called malicious cryptomining) is an online threat that hides on a computer or mobile device and uses the machine's resources to “mine” forms of online currency known as cryptocurrencies. Malicious cryptominers often come through web browser downloads or rogue mobile apps.

Cryptojacking might seem like a harmless crime, since the only thing 'stolen' is the power of the victim's computer. But the use of computing power for this criminal purpose is done without the knowledge or consent of the victim, for the benefit of the criminal who is illicitly creating currency.

What Is Cryptojacking? Cryptojacking is the unauthorized use of someone's computer to mine cryptocurrency. This is typically done by installing malware on the victim's computer that uses their processing power to mine cryptocurrency without their knowledge or consent.

Expect a glut of used cards to show up on eBay soon. Just one day after the Ethereum Merge, where the cryptocoin successfully switched from Proof of Work (PoW) to Proof of Stake (PoS), profitability of GPU mining has completely collapsed.

Efficiency: Graphics cards are more power-efficient compared to CPUs (Central Processing Units) for mining tasks. They offer a better hash rate (computational power) per watt of electricity consumed.

Does Bitcoin Mining Actually Pay? Bitcoin mining can be profitable if you contribute enough hashing power to a mining pool to receive larger rewards. If you're solo mining at home on your computer, you may never receive rewards.

But right now, with the prices that we see in terms of Bitcoin, this is still quite profitable for the miners. So it's not clear that if the shift to AI is something that is actually a hedge, assuming that the Bitcoin activity will become less profitable.

Bitcoin miners are expected to see diminished revenue following this year's halving, with some estimates putting the loss at approximately $10 billion for the broader crypto mining industry, the report added. This is largely driven by higher production costs, increased mining difficulty and declining mining rewards.

Historically, Bitcoin (BTC) has been one of the most lucrative cryptocurrencies to mine due to its high market value. However, other cryptocurrencies like Ethereum (ETH), Litecoin (LTC), and Monero (XMR) have also been profitable for miners, depending on market conditions and mining hardware efficiency.