Although Ethereum is expected to go under the "merge" which will allow the network to exist relatively safe with no need for adding blocks to the blockchain with the help of graphic cards (GPUs) sometime this year, miners can still gain profits as NiceHash, a Slovenian crypto firm, has successfully cracked limitations that barred them from using the latest generation of GPUs.
According to Tom's Hardware, prior to the update, miners could only get as much as 70% of performance on the so-called Ampere Lite Hash Rate (LHR) graphic cards. Now, with the latest version of QuickMiner — free software that connects a computer or a mining rig to NiceHash to mine crypto — miners can get 100% of performance.
Currently, the mining software supports the DaggerHashimoto (Ethash) algorithm, which means users can mine with their GPUs only such crypto as ether (ETH), ether classic (ETC), energi (NRG), expanse (EXP) and elementrem (ELEE). The report confirmed that with QuickMiner, the GeForce RTX 3080 Ti Founders Edition can get around 100 MH/s.
Currently, the software is available for Windows only, but Linex miners will also get the update later this year.
Noteworthy, the update comes just when the whole crypto market goes down. As of press time, the market's capitalization is down by over 5% to 1.49 trillion, according to CoinGecko, with ether (ETH) losing 5.4% at the $2,394 mark.