Nvidia’s RTX 3080 Ti model could approach at least 116 MH / s on Ethereum using NBMiner. Hynix-branded memory GPUs did not present promising results from the software improvements.

Nvidia limited the mining capacity of its newer graphics cards (GPUs) to make peace with the frenzy of cryptocurrency miners to add them to their rigs.

However, enthusiasts of digital mining have already found whole new ways to bypass the walls set by the manufacturer of these GPUs.These enthusiasts want to increase their performance when mining with them.

Installing software that allows the user’s rig or PC to work for a  blockchain is essential to mine cryptocurrencies.

Some computer scientists achieved the liberation of the mining power that Nvidia represses in some of its video cards using NBMiner and GMiner, two programs focused on mining cryptocurrencies like ether (ETH), a crypto-active native to the Ethereum network.

Nvidia GPU Miner Testing with GMiner

The technical team of the blog 2Miners tested a pair of Nvidia RTX 2080 Ti graphics devices that belong to the EVGA brand. This model is one of the most capable tools in the GPU world nowadays.

Although the RTX 3080 Ti counts on enough capacity to reach at least 116 MH / s, the Nvidia drivers activate the hash rate limiters within a few minutes of starting the mining activity. So its hash rate descends rapidly to 64 MH / s. The drop could even surpass 45% in its mining power.

Two versions of the GMiner software gave good scores. The technicians got to reach an average hash rate on each GPU of at least 78 MH / s by mining in Ethereum. This average means a high peak that surpasses 10% compared to the previous 64MH / s.

The team has to enable a watchdog, which serves as a guardian software of the GMiner, to restart the program each time the hash rate drops to a certain level. This procedure has to be done to keep the graphics cards mining at the needed rate

The 2Miners technicians warned that they did not force the graphics cards with extreme settings.

According to the team, one of the devices registered a hash rate of 85MH / s by using the -lhr_tune1 3 parameter on the GMiner and the values on the MSI Afterburner: CC (MHz): 1260, MC (MHz): + 1350, Power: 280 W.

The MSI Afterburner is a program applied by both gamers and miners to upgrade the operation of graphic cards. This procedure is commonly known as Overclock.

Graphics Cards with Nvidia’s “LHR”

The term LHR means Lite Hash Rate and got added by Nvidia to the boxes where GPUs with limited hash rates come. Buyers should know upfront that this particular card would not be helpful when mining cryptocurrencies.

Despite Nvidia’s goals, the developers of the NBMiner mining software consider that version 39.5 of this program, which is the most recent version released, is currently capable of unlocking the whole mining potential of GeForce RTX 3000 series.

According to the NBMiner GitHub repository and version 39.0 of the software, the -LHR parameter started to achieve a series of improvements regarding the performance of the GPUs.

By: Jenson Nuñez

Nvidia’s RTX 3080 Ti model could approach at least 116 MH / s on Ethereum using NBMiner. Hynix-branded memory GPUs did not present promising results from the software improvements.

Nvidia limited the mining capacity of its newer graphics cards (GPUs) to make peace with the frenzy of cryptocurrency miners to add them to their rigs.

However, enthusiasts of digital mining have already found whole new ways to bypass the walls set by the manufacturer of these GPUs.These enthusiasts want to increase their performance when mining with them.

Installing software that allows the user’s rig or PC to work for a  blockchain is essential to mine cryptocurrencies.

Some computer scientists achieved the liberation of the mining power that Nvidia represses in some of its video cards using NBMiner and GMiner, two programs focused on mining cryptocurrencies like ether (ETH), a crypto-active native to the Ethereum network.

Nvidia GPU Miner Testing with GMiner

The technical team of the blog 2Miners tested a pair of Nvidia RTX 2080 Ti graphics devices that belong to the EVGA brand. This model is one of the most capable tools in the GPU world nowadays.

Although the RTX 3080 Ti counts on enough capacity to reach at least 116 MH / s, the Nvidia drivers activate the hash rate limiters within a few minutes of starting the mining activity. So its hash rate descends rapidly to 64 MH / s. The drop could even surpass 45% in its mining power.

Two versions of the GMiner software gave good scores. The technicians got to reach an average hash rate on each GPU of at least 78 MH / s by mining in Ethereum. This average means a high peak that surpasses 10% compared to the previous 64MH / s.

The team has to enable a watchdog, which serves as a guardian software of the GMiner, to restart the program each time the hash rate drops to a certain level. This procedure has to be done to keep the graphics cards mining at the needed rate

The 2Miners technicians warned that they did not force the graphics cards with extreme settings.

According to the team, one of the devices registered a hash rate of 85MH / s by using the -lhr_tune1 3 parameter on the GMiner and the values on the MSI Afterburner: CC (MHz): 1260, MC (MHz): + 1350, Power: 280 W.

The MSI Afterburner is a program applied by both gamers and miners to upgrade the operation of graphic cards. This procedure is commonly known as Overclock.

Graphics Cards with Nvidia’s “LHR”

The term LHR means Lite Hash Rate and got added by Nvidia to the boxes where GPUs with limited hash rates come. Buyers should know upfront that this particular card would not be helpful when mining cryptocurrencies.

Despite Nvidia’s goals, the developers of the NBMiner mining software consider that version 39.5 of this program, which is the most recent version released, is currently capable of unlocking the whole mining potential of GeForce RTX 3000 series.

According to the NBMiner GitHub repository and version 39.0 of the software, the -LHR parameter started to achieve a series of improvements regarding the performance of the GPUs.

By: Jenson Nuñez

Lummis is a cryptocurrency advocate senator and acquired her first Bitcoin in 2013. She has kept investing in digital currency ever since. Now, her portfolio has grown considerably.

US Senator Cynthia Lummis, a Wyoming state Republican who is a cryptocurrency enthusiast, has revealed a significant bitcoin purchase of around $ 100,000.

According to the latest periodic transaction report filed by the senator with the Securities and Exchange Commission (SEC), Lummis received Bitcoin for between $ 50,001 and $ 100,000 in August.

According to the document, the purchase happened through the Rival Financial platform. CNBC was the first media outlet to report the news.

The US senator and her investments are currently subject to public scrutiny under a US law that requires senior politicians to submit reports on their financial decisions.

The STOCK Act of 2012 requires US senators and senior officials with incomes that would surpass $ 119,554 to disclose certain financial transactions.

This requirement might include every purchase, sale, or exchange of stocks, bonds, commodity futures. This requirement also includes securities if the transaction surpasses USD 1,000.

Senator Lummis Adds More Bitcoins to her Portfolio

According to CNBC, the latest Lummis report got filed outside of the 45-day time frames after the purchase required by law. A spokesperson for the senator clarified that the delay happened due to a presentation error.

The senator has not included her Bitcoin investments in annual Senate reports before. According to CNBC, in April of this year, Lummis submitted its financial disclosure form excluding Bitcoin.

A week later, she filed an amended disclosure revealing that she owned $ 100,000 to $ 250,000 worth of Bitcoins.

The senator’s latest bitcoin acquisition would have risen close to 20% amid the market surge. The flagship cryptocurrency surged above $ 55,000 this week for the first time since May.

Lummis is the first woman to be a Wyoming senator and is famous for being an enthusiast for digital currencies.

She has already called Bitcoin a “great store of value” in the past and believes that everyone should have the flagship cryptocurrency in their portfolio. She has also highlighted that she would like to see retirement funds invested in cryptocurrencies.

Lummis’ investments in cryptocurrencies mark one of the first in Congress, CNBC noted, citing data from Quiver Quantitative, a firm that studies the business movements of senators.

A Bitcoin Enthusiast Since 2013

The 66-year-old Republican, who previously served as Wyoming state treasurer for eight years, told CoinDesk last year that she had purchased her first Bitcoin in 2013 on the recommendation of her son-in-law and friends.

The senator also expressed that her family member educated her on the potential of Bitcoin as a store of value, leading her to jump on the cryptocurrency train when Bitcoin was still well below $ 1,000.

The senator revealed in June that she had a total of 5 BTC. She told the whole story of her investment during the Wyoming Blockchain Stampede event, which took place last year.

By: Jenson Nuñez

The financial institution believes that there are inconsistencies that El Salvador must overcome to advance the Bitcoin Law. The Central American country became a case study and model to legalize the cryptocurrency in other latitudes.

The Bank of Spain recently explained why the Bitcoin Law of El Salvador is risky to the economy. The institution warned that this policy could compromise the integrity of the financial sector of the Central American country.

Sergio Gorjón, from the Bank of Spain, wrote the analysis of the role of crypto assets as legal tender: the example of El Salvador. The director of financial innovations of that entity made a harsh criticism of the system, which he defines as a disruptive proposal surrounded by controversy.

Gorjón analyzed the management of El Salvador since it became the first country to adopt Bitcoin as legal tender. The economist stated that certain uncertainties about the project raise doubts over its evolution, besides the volatility of the cryptocurrency.

He commented that El Salvador is one of the countries with the lowest financial inclusion rates worldwide. The World Bank’s Global Findex stated that the population has poor education and little trust in institutions due to corruption. The analysis published by the Bank of Spain indicates that this calls into question the capacity of the State.

On the other hand, the Bitcoin Law requires the digitization of El Salvador to work. However, the document shows that only 50% of the population has access to the Internet while only 40% have a smartphone. Gorjón stressed that the government still needs to design public assistance programs to accelerate the process of migration to the virtual environment.

The Bank of Spain Believes that Other Countries Will Adopt Bitcoin as Legal Tender

According to Sergio Gorjón, other countries contemplated converting Bitcoin into legal tender before El Salvador did. However, the financial expert stressed that the latter is leading the initiative to apply it. For that reason, the world is scrutinizing the administration and the results of the implementation of the Law.

The economist argued that the initiative had raised expectations and skepticism alike. In addition, he stated that it serves as a reference for other countries that want to do the same. He argued that jurisdictions with weak currencies or those fully dollarized that wanted to become independent from the US currency would use it as a testing ground.

Gorjón highlighted that a positive factor of the Bitcoin Law is the regulatory effort to prevent the illicit use of Bitcoin. The illegal activities that he mentioned include money laundering and terrorism financing. However, the spokesperson for the Bank of Spain clarified that banks and their supervisors control it. He noted that those two agents raised numerous questions.

The Assembly of El Salvador approved the Bitcoin Law on June 9^th. Since then, the initiative of President Nayib Bukele has not been without controversy. As if that were not enough, several international organizations have criticized it.

By Alexander Salazar

A new tweet from Elon Musk caused Shiba Inu to rise by more than 224% last week. Siacoin maintained an increase of more than 20% and presented its quarterly financial report.

For the last seven days, the cryptocurrency market has maintained the bullish cycle of the previous week. According to Live Coin Watch statistics, most altcoins have shown increases of more than 200%.

Shiba Inu (SHIB), which skyrocketed after a tweet from Elon Musk, and Siacoin (SC), which announced the burning of tokens, lead the weekly top. They precede Stratis (STRAX), which will exchange STRAT tokens for STRAX, and Beam (BEAM), which will launch another governance token.

Since last week, the value of Bitcoin (BTC) has been on the rise, growing by almost 15%. The price of the pioneering cryptocurrency has remained in the range between USD 47,000 and more than USD 55,000.

Analysis by JPMorgan Chase suggests that growing interest from institutional investors has contributed to the recent Bitcoin rally.

They also note that the US authorities stated they would not ban Bitcoin, which they see as a cause for the rise. They add the growth of the second layer network, Lightning, due to the adoption of BTC in El Salvador.

In addition, the value of the Ethereum cryptocurrency Ether (ETH) by almost 4% in this period. The second-largest cryptocurrency on the market is trading at around USD 3,518, according to CoinGecko.

Elon Musk Tweet Makes the Price of Shiba Inu Skyrocket

Another tweet from billionaire businessman Elon Musk sent the price of the cryptocurrency meme skyrocketing. What happens on social media usually drives the value of Shiba Inu, as with Dogecoin.

Musk recently tweeted a message showing the image of the puppy of Shiba Inu, Floki, along with the phrase Floki Frunkpuppy.

Shortly after, the price of SHIB rose steadily from a low of USD 0.000008 to a peak of USD 0.000035. In that way, it approached the all-time high of USD 0.000038 that it reached on May 10^th. The rise in its market capitalization made it rank 13^th above Litecoin and Avalanche.

Although the price of SHIB has dropped slightly, it rose on average by more than 224% in a week. An anonymous developer, nicknamed Ryoshi, created Shiba Inu in August 2020. He has a love-hate relationship with Dogecoin (DOGE), the meme cryptocurrency born in 2013.

The market capitalization of SHIB is around USD 14.677 million, and its daily trading volume is approximately USD 6.241 million, according to CoinGecko.

Siacoin Presents Its Quarterly Report and Announces the Burning of Tokens

The Sia Foundation recently announced that it has enough funds for the next four years, for which it would start burning coins. The organization included that data in the transparency report for the third quarter of 2021.

They stated that they have USD 1.77 million budgeted for funding the Foundation in 2022. They added that they would safely burn coins as their goal is not to hold funds in US dollars for more than four years. However, they did not mention the amount or the date for the burning.

Furthermore, they said they did not convert any native tokens to US dollars in the third quarter. For that reason, holdings have maintained an 80/20 ratio in SC and USD, respectively.

In the past seven days, the growth of SC was 20%, which took it to a high of USD 0.0224 on October 5^th. Within the next few days, it continued to rise after undergoing some corrections.

According to CoinGecko, the market capitalization of Siacoin is around USD 993 million, and its daily trading volume is approximately USD 44.2 million.

By Alexander Salazar