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

blogs.nvidia.com

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

#41

Post by unmasked_poker »

dixego wrote: post #20
xtracto wrote: post #12

Earlier quoted context omitted.

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.

A thought just occurred to me: is there an upper limit to how much computing power (and energy) cryptocurrency mining can reasonably use? Or could all computer hardware be repurposed to mine crypto and there would still be demand for more hardware?

Usually the amount of crypto that can be mined in a given time frame is limited. So you could buy more hardware, but it would not be profitable.

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

#42

Post by trynumber9 »

sneak wrote: post #5

It's a real shame that companies think that they should be the ones dictating how you use a piece of hardware you bought from them. It's a further shame that they would artificially hinder their hardware for such purposes. I will avoid nvidia in the future as a result of this sort of attitude, and I don't even mine cryptocurrency. I have no dog in this race other than a philosophical one.

it is annoying they limit their drivers this way but ultimately this is in response to their core customers' frustrations. Nvidia is trying to segment their products so that the video game market can get their cards without dealing with the boom and bust cycle of cryptomining.

I somehow doubt these drivers will be enough to stop it, however.

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

#43

Post by WrtCdEvrydy »

cybrexalpha wrote: post #9

Have nvidia lost their minds? It's going to take days for mining operations to reverse-engineer the driver and undo this. So commercial operations won't be affected at all. Worse, their detection isn't going to be 100% perfect. What if After Effects does something that looks "kind of" like mining. Is it just going to be crippled? What will nvidia do then? Suggest I buy a Quadro for AE support? This will only penalise…

Yeah, this is about par for the course for Nvidia.

I wish AMD had a working product to kick their teeth in...

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

#44

Post by namdnay »

ed25519FUUU wrote: post #32

So they’re hamstringing normal cards (to protect gamers of course!) and releasing a “new” card without the hamstring at a higher price and we’re to believe this is simply to protect gamers and not a money grab?

It's a seller's market at the moment, so an easier "cash grab" would just be to increase the price of the base card to the higher price.

No, I think the belief is that they need to keep at least a minimal base of support among gamers and developers, for when the inevitable crypto crash comes and they need to go back to their original customer base

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

#45

Post by skocznymroczny »

Thaxll wrote: 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 feel so lucky to buy RTX 2060 two years ago. It's still a good card if you're not doing 4K gaming, and right now it costs more than when I bought it.

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

#46

Post by CraigJPerry »

Thaxll wrote: 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…

Not to take a side in this fight but i find the counter argument about the environmental cost of regular currencies interesting.

How much co2 is emitted in the clearing of dollar transactions vs the clearing of bitcoin for example. That’s a whole lot of data centres.

I’m not persuaded that we can put costs like legal (or even military) protection under just the dollar column - if you steal my $CO2COIN i can leverage the legal system to pursue you.

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

#48

Post by dahart »

xtracto wrote: post #12
ComodoHacker wrote: post #8

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.

They did exactly that just 3 years ago when bitcoin was hot, and (when bitcoin crashed) ended up with an oversupply of GTX cards that delayed Turing sales and tanked the stock for a while. https://www.tomshardware.com/news/nvidia-cryptocurrency-earn...

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

#50

Post by ralmidani »

I would normally be appalled by such an action, but the supply issues for RTX 30x0 cards are beyond ridiculous. Mining trashes the environment and, for the majority of crypto assets/volumes, does not provide genuinely valuable economic activity besides speculation (I say that as someone who has put thousands of dollars into crypto in the past). Why should people who want to try some ML/DL at home (maybe they even need it for a class they're taking), and might also want to play the occasional game, have to pay an arm and a leg to get their (remaining) hands on a modern, efficient card?

I really wish Nvidia would do this across the RTX product line.

Edit: the "Syrian refugee crossing into Europe" trope might pop up as a counter-argument for crypto. I am Syrian and still have relatives there. Refugees' assets are a drop in the ocean of speculators' mining and HODLing.

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