Nvidia’s RTX 3050 seems to be bad at mining for cryptocurrency

It seems that Nvidia’s newest mid-range graphics card will be a bad option for mining cryptocurrency. The information was discovered by VideoCardz, which revealed that all RTX 3050 models apparently use the Lite Hash Rate (LHR) algorithm that drastically reduces mining effectiveness. Whether the card will officially release with this feature in place is yet to be seen. If so, it’ll be great news for gamers and terrible news for crypto miners looking for a cheaper deal to expand operations. Lowering the value of the card to miners, and perhaps even a few scalpers, might mean that more units end up in the hands of gamers. There are still other issues affecting the manufacturing of graphics cards at the moment though. Either way, we’ll be able to see what kind of outcome this results in by the end of the month.   Miners may have to look elsewhere There’s a key reason behind the RTX 3050 being a less than ideal choice for cryptocurrency miners. The LHR algor…