When Nvidia launched its Ampere Lite Hash Rate (LHR) graphics card with the feared Ethereum anti-mining limiter, the world knew it was only a matter of time before someone or a team cracked it.
The winners of the prize were NiceHash, the company that designed the QuickMiner software and Excavator miner, has finally broken Nvidia's algorithm, restoring LHR graphics cards to their 100% Ethereum mining performance.
Unfortunately for the miners, the cracking comes too late to do much about it. Crypto-currency values have fallen. Fortunately for those who want to use GPUs for what they were designed for, the number of cards available has increased so there are now enough available to handle everyone’s needs.
Ethereum's transition to Proof-of-Stake (PoS), often referred to as "The Merge," is complete and it would take a 3080 Ti nearly a year to break even.
It is probably not worth the effort for Nvidia to respond to this with updated drivers or implements LHRv3.