Nicehash Software 'Fully Unlocks' Nvidia’s Hashrate Decreasing Technology

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Written by

SaraEllen

BCH Lover,

2 years ago

In community: Cryptocurency Booms(b43b)

Topics: Cryptocurrency, Original Content, Newpost, Determination

Date: 05/09/2022 // Monday

Article #28

On Saturday, the crypto currency mining platform Nicehash uncovered the company has “fully [unlocked] Nvidia’s [Lite Hash Rate]” graphic processing units (G PUs). Nicehash states the firm’s Quickminer mining software is the first protocol that can unlock LHR GPU cards by 100%.

Nicehash Utters Software Is the First to Fully Crack Nvidia’s Lite Hash Rate Technology

As stated by the digital currency mining platform Nicehash, the firm has developed software that totally solves Nvidia’s Lite Hash Rate-brand GPUs. “Nicehash has effectively unbridled the locked computing power for millions of persons worldwide,” the company said on Saturday.

“We are the first to completely unlock Nvidia’s LHR.”

Nvidia shown the Lite Hash Rate (LHR) GPU cards in mid-May 2021 afterward the semiconductor massive said it required to put these chips back into the hands of gamers.

“We trust this extra step will get supplementary Geforce cards at enhanced prices into the hands of gamers everywhere,” an Nvidia representative alleged at the time.

The GPU creator’s contestant AMD also presented the first GPU dedicated to crypto currency mining called the AMD Navi 12. When Nvidia familiarized the LHR technology it applied the protocol to three of its proprietary GPU cards.

Cracking Nvidia’s LHR Tech Started Months Back

Nicehash is not the only person to be able to remove Nvidia’s LHR tech. Last January, Bitcoin.com News informed on solo miners that had overwhelmed the mining plummeting technology. The report auxiliary clarified that Nicehash told pcmag.com that month that Nvidia’s LHR technology “did not dispirit miners at all.”

Though, at that time, the reports renowned that the miners circumvented the LHR tech by a part. The declaration Nicehash made on Saturday privileges the Quickminer mining software eliminates LHR reducers by 100%.

“We are very enthusiastic to express you that Nicehash Quickminer (Excavator) is the first mining software to fully (100%) unlock LHR cards,” a blog post published by Nicehash says.

“Now you can earn more revenues than any other mining software on the market if you are using LHR graphics cards with Nicehash Quickminer.”

Nicehash’s new software that unlocks Nvidia’s LHR GPU cards, trails the new custodies in contradiction of Nvidia by the U.S. Securities and Exchange Commission (SEC). On the word of the SEC, Nvidia unsuccessful to reveal that crypto mining had enlarged income. The semiconductor firm approved to pay a $5.5 million penalty for the lack of revelation.

What do you think about Nicehash claiming that its software can fully unlock Nvidia’s LHR GPU cards so people can mine with them?

Let us know what you consider about this subject in the comments section under.

ON THE OTHER HAND

SEC Stops $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder

The U.S. Securities and Exchange Commission (SEC) has stopped a $62 million global crypto currency trading and mining structure and the Department of Justice (DOJ) has accused its CEO and founder. If sentenced of all totals, he faces an all-out entire penalty of 45 years in jail, the Justice Department.

SEC Halts $62M Global Crypto currency Scam Scheme

The US Securities and Exchange Commission (SEC) proclaimed Friday that it has ceased a fraudulent crypto mining and trading scheme.

The SEC charged MCC Transnational (aka Mining Capital Coin), its creators (Luiz Carlos Capuci Jr. and Emerson Souza Pires), and two beings measured by them. The custodies are “in linking with the unregistered aids and duplicitous sales of asset plans called mining packages to thousands of investors,” the agency noted.

The securities regulator detailed that since at least January 2018:

MCC, Capuci, and Pires vended mining packages to 65,535 investors wide-reaching and promised everyday yields of 1 percent, paid weekly, for a period of up to 52 weeks.

The grievance also claims that MCC depositors were originally assured earnings in bitcoin (BTC). Though, the perpetrators later “obligatory investors to extract their funds in tokens called capital coin (CPTL), which was MCC’s own token.”

DOJ Charges MCC’s Founder and CEO

The U.S. Department of Justice (DOJ) also self-sufficiently proclaimed Friday that Capuci, the initiator and CEO of MCC, a supposed crypto currency mining and investment platform, has been accused in a $62 million global crypto currency deception scheme.

Capuci of Port St. Lucie, Florida, misinformed investors about his platform’s crypto currency mining and investment program, enticing them to invest in MCC’s “mining packages,” the DOJ pronounced. He and his co-conspirators appealed that MCC had an international network of crypto currency mining machines that could make “considerable incomes and certain returns” for investors.

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They also pushed MCC’s own crypto currency as a supposed dispersed independent association that was “steadied by income from the major crypto currency mining process in the world,” the DOJ added, noting:

But, Capuci functioned a deceitful investment scheme and did not use depositors’ funds to mine new crypto currency, as assured, but in its place diverted the coffers to crypto currency wallets under his governance.

The accusation further claims that Capuci advertised and deceitfully marketed MCC’s alleged “trading bots” as an extra investment appliance to help investors profit in the crypto currency market.

The MCC creator also purportedly employed agents and associates to indorse MCC in a pyramid scheme, the DOJ said, addition that he further hidden the location and control of the fraud takings by laundering the capitals through numerous foreign-based crypto currency exchanges. The Justice Department added:

Capuci is charged with scheme to obligate wire fraud, intrigue to commit securities fraud, and scheme to pledge international money laundering.

If imprisoned of all counts, he faces an all-out total consequence of 45 years in prison.