Unstablizing the Nvidia Driver that Causes crashes and is the future of earnings?

Miners Rejoice! Nice Hash just released an update that could unstablize the Nvidia Driver that Causes crashes.

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The Lite Hash Rate (LHR) algorithm that limits the crypto mining performance of certain Nvidia RTX 30 graphics cards has been completely cracked.

NiceHash confirmed they’ve developed a workaround that allows you to mine the Ethereum coin on GPUs without any of the limitations imposed by Nvidia.

Addressing the miners via the Nice Hash Blog,

NiceHash QuickMiner v0.5.4.2 RC - LHRv3 unlock

Dear NiceHash miners,

A new QuickMiner v0.5.4.2 Release Candidate has been released. It features 90% LHRv3 unlock (RTX 3050 and RTX 3080 12GB) and major stability improvements.


    FEATURE - Partial unlock (~90%) of LHRv3 cards (RTX 3080 12GB and RTX 3050)
    BUGFIX - Higher stability, no more BSOD.

ATTENTION! This version requires NVIDIA driver version 512.15 or higher!

Sometimes the excavator could unstabilize the NVIDIA driver and cause crashes. This is a known issue.

Install the latest QuickMiner version by downloading the QuickMiner installer and selecting the Release candidate version or use the portable version.

An application that offered 100% ETH crypto mining capabilities has yet to materialize. Until now.

According to the website TomsHardware.com

Tom’s Hardware said they tested NiceHash’s latest QuickMiner version, and have confirmed that it does indeed unlock 100% Ethereum mining performance for several Nvidia RTX 30-series video cards.

At the moment, QuickMiner provides support for the DaggerHashimoto (Ethash) algorithm, which is said to be compatible with nearly all Ampere-based Nvidia GPUs. However, you won’t be able to receive 100% performance from both the GeForce RTX 3050 and GeForce RTX 3080 12GB models. Tom’s Hardware attributes this particular restriction to the reported implementation of an updated LHR algorithm (LHRv3) for both these boards.

Testing the program on the GeForce RTX 3080 Ti Founders Edition and found it to “quickly” exceed the 100 megahashes per second (MH/s) mark. The LHR limit that was previously in place would deliver a maximum of 77 MH/s.

Theoretically, NiceHash calculate crypto enthusiasts could push the GeForce RTX 3080 Ti LHR rate to about 120 MH/s, although that would require applying huge overclocks — this could potentially prove to be unstable and dangerous if you’re not familiar with the process.

The website’s sample was a Founders Edition version of the GPU, and it stressed that making the GDDR6X memory reach 110 degrees Celsius was understandably not a scenario it was willing to entertain.

However, by utilizing QuickMiner’s “Medium” optimization setting, it was able to extract a “steady hash rates of around 108 to 110 MH/s – still at 108 degrees Celsius on the GDDR6X, incidentally.”

Previously, someone released a tool that claimed to bypass mining limits on Nvidia GPUs, but that was immediately proven to be software that spreads malware.

Meanwhile, LAPSUS$, the group behind Nvidia’s 1TB hack, stated that it had managed to locate the algorithm responsible for LHR limitations. However, it was selling the tool for $1 million. Who really knows how it was aquired, but is it comparable or exact?

Over the last two years, Nvidia (NVDA) has made a habit of delivering “beat and raise” earnings reports. With the chip giant reporting F1Q21’s financials after the close on Wednesday, May 25, are investors in for another treat? Not according to Susquehanna’s Christopher Rolland.

“Unlike recent quarters,” said the 5-star analyst, “we believe any significant beat and raise may be capped by Gaming headwinds.”

So, what are these headwinds constraining Nvidia’s biggest breadwinner?

Well for one, retail premiums above MSRP (manufacturer’s suggested retail price) for NVIDIA cards have “declined precipitously.” In mid-2021, they were at a peak of +130% but fell to +78% in January before dropping further to 23% right now. At the same time, “significant restocking” has taken place with retailers now having all major card families on the shelves.

Additionally, the analyst has previously stressed the risk of 2H22 being a “WFH PC hangover,” and Rolland believes the latest commentary from Intel/AMD bolsters his case.

That said, there is a counterbalance to the Gaming headwinds. While Gaming has always led the way at Nvidia, Data Center has steadily become almost as big of a revenue driver.

Rolland does not think another “substantial beat and raise” is in the cards, he also notes that given the shares’ uncharacteristic under performance, Rolland maintained a Positive (i.e., Buy) rating on NVDA along with a $280 price target.

If correct, and this is a major "IF", investors could be lining their pockets with a 67% gain.

Overall, The forecast calls for one-year gains of ~84%, considering the average price target clocks in at $308.26 ib 5/24/2022