NVIDIA’s Lite Hash Rate (LHR) graphics cards have done little to nothing to deter miners, say miners themselves. The LHR range features an Ethermining limiter which cuts the hash rate of the GPUs by less than half. However, this only affects Ethereum which may sound like a win, but in hindsight, it has simply allowed miners to look for alternates (coins).
Blake Teeter, a cryptocurrency miner from Colorado has continued to buy NVIDIA’s LHR graphics cards, and so have his peers. Teether’s mining rig consists of 95 GPUs, out of which 20 are LHR GPUs. This rig brings in a revenue of $4,500, excluding electricity costs. Now, it would be a lie to state that mining revenues haven’t fallen. However, that has nothing to do with LHR.
As you can see in the above picture, the difference in revenue between the LHR and non-LHR GPUs isn’t significant. These figures are from several months ago when the price of Ether was around $4,000, and the mining difficulty wasn’t as severe. These days, even with an RTX 3080 Ti, you can only earn up to $2 a day which translates to $50-60 a month.
In addition to this, various mining algorithms have found loopholes to partially uncap the Ethereum hash rate, and in some cases, mine it along with other cryptocurrencies to make up for the reduced earnings.