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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

#61

Post by hobofan »

iexplainbtc wrote: post #56
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…

The environmental impact of "Proof of Work" could have been a problem but the inventors did think about that and realized that mining can be done pretty much anywhere, using renewable resources that would otherwise be untapped. As usual the ethical burden should be on the user of the tool, not the tool itself. In the long run miners who do not use untapped (cheaper) renewables are going to be priced out, it just take…

> the inventors did think about that and realized that mining can be done pretty much anywhere, using renewable resources

So where exactly did you read that in the Bitcoin whitepaper? Because everything else is just guessing.

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

#62

Post by edem »

skocznymroczny wrote: post #45
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.

Same here. I wanted to put together a computer for a friend and I just bumped into these *insane* prices.

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

#63

Post by the-enterprise »

(1) Many gamers are miners in their spare time!

(2) Big Mining operations actually write their own drivers

(3) Huge Mining operations even use custom boards

(4) I heard that that Nvidia has been selling silicon directly to the big boys (https://wccftech.com/nvidia-allegedly-sold-175-million-worth...)

(5) With this action I expect its only the little guys getting removed from the game here (1) a huge benefit for the big players (2)(3) benefitting the corporations biggest customers (4)

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

#64

Post by rrss »

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?

Wouldn't the easy money grab be to just set MSRP for all cards way higher ($5k?) while the demand is ~infinite?

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

#65

Post by moralestapia »

namdnay wrote: post #53
christkv wrote: post #35

1.2.3 Class action lawsuit.

Class action lawsuit relative to a product that isn't sold yet? What next, class action lawsuit against Apple when they announce the next iphone won't have any external ports?

I agree GP's argument is a bit exaggerated, but this would be more akin to Apple announcing "we will no longer let you play music from XXX". IANAL but maybe there's grounds for a lawsuit on that.

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

#66

Post by christkv »

namdnay wrote: post #53
christkv wrote: post #35

1.2.3 Class action lawsuit.

Class action lawsuit relative to a product that isn't sold yet? What next, class action lawsuit against Apple when they announce the next iphone won't have any external ports?

Duh for some reason I already thought it was on the market. Yeah as long as it's clearly stated I imagine its fine. I guess the 3080 and 3070 will become even more premium.

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

#68

Post by thefz »

notum wrote: post #37

I hate that I wasn't able to get a 30x series because miners grabbed them. I hate that my preorder was canceled by the supplier on the day it was supposed to ship, just because a farm had a better price. But guess what Nvidia? I no longer want your products. As much as I may dislike the fact crypto is affecting gaming (rendering, machine learning...) I can't help but ask: Who in the holy F are you to tell me what to…

> Who in the holy F are you to tell me what to do with my product?

It is the same with hardware video encode, RTX cards are locked up to 2x streams at maximum while they are in most cases capable of many, many more (i.e. Plex transcodes). Not that this is an issue though, since it's a driver lock with a working fix.

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

#69

Post by jki275 »

striking wrote: post #18
serverholic wrote: post #16

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?

Never.

They've been "moving to proof of stake" for something like three years.

The miners are making money off of them not moving to proof of stake. The miners stop making money when they move to proof of stake. The only people who can actually allow the chain to move to proof of stake are the miners.

Meanwhile, xtz and ada have been proof of stake since their inception, 3+ years already for both.

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