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A Chinese court recently sided with a large cloud mining provider called Genesis Mining, to ensure the return of 485,681 Radeon RX 470 8GB GPUs.

This is encouraging news though! Pretty soon, gamers might be able to pick up some of the best graphics cards for the first time in a long time, while dedicated miners will have to turn their attention towards Radeon GPUs, older GPUs without a hashrate limiter, or Nvidia’s new CMP HX GPUs created for mining alone.In brief: Many crypto mining outfits are being forced to re-evaluate their assets and operations as China continues to extend restrictions on cryptocurrency mining.

A massive amount of pent-up demand for graphics card remains, this halved hash rate only applies to Ethereum, and yes, Nvidia did just ruin its first stab at the RTX 3060’s anti-mining tech. Like we said when the RTX 3060 mining limiter originally launched: Don’t expect miracles. This reduced hash rate only applies to newly manufactured cards with the LHR identifier and not to cards already purchased.” The identifier will be in retail product listings and on the box. “To help with this, our GeForce partners are labeling the GeForce RTX 3080, RTX 3070 and RTX 3060 Ti cards with a ‘Lite Hash Rate,’ or ‘LHR,’ identifier. “Because these GPUs originally launched with a full hash rate, we want to ensure that customers know exactly what they’re getting when they buy GeForce products,” Nvidia’s statement continues. “Software drivers are designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm, and limit the hash rate, or cryptocurrency mining efficiency, by around 50 percent,” Nvidia’s Matt Wuebbling said when the technology was first introduced in the RTX 3060. We wouldn’t be surprised if most if not all new GeForce GPUs produced by Nvidia include these protections going forward. “We believe this additional step will get more GeForce cards at better prices into the hands of gamers everywhere,” Nvidia’s announcement states. (The work hard, play hard GeForce RTX 3090 will not be receiving a nerf, however.) Gaming performance shouldn’t be affected. On Tuesday, Nvidia announced that the mining hash rate limiter introduced alongside the GeForce RTX 3060 will now be rolling out to newly manufactured RTX 3060 Ti, RTX 3070, and RTX 3080 as well, via a new “Lite Hash Rate” series starting in mid-May. The current graphics card landscape may be a barren wasteland, but there is a glimmer of hope on the horizon.