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Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half

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Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half

#22
post #15

Gamers hate miners, they're driving the price up, make hardware impossible to get ect ... It's a really problematic situation. Almost 6 month after launching new graphic cards from AMD / NVIDIA good luck gettting an RTX 30xx or 6800. On a side note all those virtual currency are just plain wrong on the environment side, it does not make any sense in 2021 to have a currency that need heavy computation thus increasing…

> On a side note all those virtual currency are just plain wrong on the environment side, it does not make any sense in 2021 to have a currency that need heavy computation thus increasing power consumption. When people designed those currency they def did not think about that.

And they probably didn't factor in ASIC miners and large mining pools, either. Proof of Work is legacy technology at this point, it's a good thing Ethereum is moving to Proof of Stake along with most of the ecosystem.

Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half

#23

It'll be interesting to see how long it takes for someone to reverse-engineer the drivers and remove the slowdown code.

I use CUDA for scientific calculations and I wonder how this will affect GPU performance since any detection algorithm may have fault positives. The only problem with such artificial limitation is that usually people who mine crypto are very inventive (if you have doubts about that just check laptop mining farms [1]), since they try to squeeze out as many H/s as possible. It is just a matter of time when the 'right' driver will be available.

1. https://www.notebookcheck.net/Nvidia-GeForce-RTX-3060-laptop...

Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half

#25

Earlier quoted context omitted.

This is why Ethereum is moving to proof-of-stake. Saying that virtual currency is wrong because the biggest currency is unwilling to innovate is wrong.

When?

The beacon chain - the first step in the transition - has already launched: https://beaconcha.in/

Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half

#26
post #12

Earlier quoted context omitted.

It's easy to speak philosophically when you have no dog in the race. It's harder when you need a GPU for other tasks and have to pay the crypto tax.

No. They (nvidia or someone else) should be building tons and tons of cards for the existing demand. I just cant understand why isnt someone salivating at such market inefficiency.

because building 8nm semiconductor fabs is slightly harder than setting up a lemonade stand.

Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half

#28
post #15

Gamers hate miners, they're driving the price up, make hardware impossible to get ect ... It's a really problematic situation. Almost 6 month after launching new graphic cards from AMD / NVIDIA good luck gettting an RTX 30xx or 6800. On a side note all those virtual currency are just plain wrong on the environment side, it does not make any sense in 2021 to have a currency that need heavy computation thus increasing…

I don't quite get why everyone seems to get onto the environment train with crypto but seem to have had no issues with gold

Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half

#30
post #15

Gamers hate miners, they're driving the price up, make hardware impossible to get ect ... It's a really problematic situation. Almost 6 month after launching new graphic cards from AMD / NVIDIA good luck gettting an RTX 30xx or 6800. On a side note all those virtual currency are just plain wrong on the environment side, it does not make any sense in 2021 to have a currency that need heavy computation thus increasing…

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