Crypto News

Ethereum Miners May Have Bypassed NVIDIA’s Hash Limits

Ethereum miners
finger pressing computer key with Ethereum symbol, mine word and symbol. crypto mining concept. cryptocurrency background. / Shutterstock.com

Long Beach (CoinChapter) – In February NVIDIA announced the creation of the NVIDIA CMP, designed exclusively for cryptocurrency mining. NVIDIA limited the hash rate of its GeForce RTX 3060 mining chip which had become increasingly popular for Ethereum miners. This was done to separate its product offerings between gamers and miners.

But Ethereum miners based in China have seemingly found a way to bypass this limited hash rate using a custom mod. This news was ultimately debunked and experts said it was almost impossible to get around the restrictions. But multiple subsequent reports have claimed that a beta driver release bypasses NVIDIA’s restrictions.

Ehtereum miner showing the Nvidia hack
via https://twitter.com/I_Leak_VN

All of this adds to the growing concerns within the chip industry. Manufacturers NVIDIA and AMD are attempting to accommodate the needs of both gamers and crypto miners. The surge in mining revenues have led to desperate operators buying inventory, which has in turn led to GPU prices skyrocketing.

Gamers have been concerned about GPU shortages due to demand from miners. Chip shortages have led to crypto miners resorting to gaming laptops to wring out extra hash rate and benefit from bull-run profits. As such, screenshots suggesting that Chinese Ethereum miners had found a way to bypass restrictions came as no surprise.

Screenshots Used Were Not of Ethereum

It was later revealed that those screenshots weren’t of Ethereum, but another blockchain. Mining experts said that only an NVIDIA insider would be able to make those kinds of changes, but that claim was also debunked. Experts from multiple industry publications revealing that a recent beta driver release, bypasses the manufacturer’s hash rate limits.

In the meantime, AMD is reportedly in the midst of developing its own dedicated mining chipset. The AMD Navi 12 will have no video outputs and specifically targets Ethereum miners. It would be the first crypto mining-related specific processor launched by the company.

So far this year, Ethereum network fees earned by miners have more than doubled. It is even greater than last year’s peak and no crypto comes close to ETH in terms of mining profitability. On the flipside is that the average transaction fee reached over $38 in late February, making the network unviable for smaller transactions. The upcoming Ethereum 2.0 upgrade is designed to ease those concerns however.

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Corey Hansford CoinChapter
Corey Hansford

Corey has been involved in media and writing since graduating from the illustrious Howard University with a degree in Broadcast Journalism. While relatively new to the cryptocurrency world, he has been writing since 2012 with most contributions coming in the sports world on websites such as LakersNation.com and DodgerBlue.com. Corey is also an avid sports fan who closely follows the Lakers, Cowboys, Dodgers, WWE, and UFC.

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