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

blogs.nvidia.com

81–90 of 762 posts

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

#81

If you cannot run what you want on the device, do you really own it?

If you cannot buy it because miners have purchased all the stock, do you really own it?

Not sure how this is relevant. Company should look how to increase the supply instead of artificially crippling the product to squeeze more money.

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

#82

(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…

The objective seems to be to stop miners from buying up consumer GPUs. Nvidia added a separate product line for mining.

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

#83
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 vast majority of BTC mining is done in facilities that are colocated with hydro dams in China, so the CO2 emission is not what you might expect just hearing the number of KWH being used.

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

#84
post #71
post #21

Earlier quoted context omitted.

Or. Uhm. Use older drivers? I bet these are bios changes though.

The RTX 3060 hasn't released yet, so if the cards ship with this limitation, there aren't any old drivers to use.

You're right, I forgot they package up drivers for all cards in the same versioning scheme, so using 4XX version of the package won't support the card.

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

#85
post #69

Earlier quoted context omitted.

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.

I mean I'm also disappointed by the slow pace of the transition, but they are clearly making progress towards it.

They've been _planning_ to move to PoS for ~3 years, with a much too optimistic timeline. In the meantime a lot of companies working towards that have collapsed or refocused on other efforts, delaying the whole transition. It will probably take another ~3 years (my personal estimate) until the transition is reasonably finished and core parts of the ecosystems have migrated, but at least it's moving into the right direction.

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

#86
post #57

Earlier quoted context omitted.

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…

> 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. About 40000 times less I think? That's the figure I saw for a SEPA transfer or Mastercard transaction vs the bitcoin equivalent

The dollar is backed by the petro-dollar, the fact that Saudi Arabia and friends only accept dollars when selling oil is one of the reason the dollar is strong. When you factor in that the US military protects the petro-dollar while at the same time being the biggest consumer on earth of oil, it starts adding up. Europe and therefore the Euro is also protected by the US army. All of a sudden, your fiat's energy consumption is probably much bigger than bitcoin ever will be.

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

#87
I think people are missing the fact that the 3060 that NVIDIA is halving the hash rate on is not yet released. It is expected at the end of this month and different than the already-in-market 3060 Ti.

The 3060 Ti was already NVIDIA's mining efficiency leader (per W and per $). I think the 3060 would be in the same ballpark, if not better, which I assume is why NVIDIA is doing this.

Presumably they will do nothing to the existing cards (in part because it would solve very little if you could just use old drivers to get the unthrottled MH/s).

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

#88
post #77
post #23

Earlier quoted context omitted.

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'…

Honestly if it's an issue they'd probably tell you you're also using their GeForce cards wrong and you need to move up to Quadro.

"No no sir, I see that you're using Quadro TensorFlow, you need to use a Quadro PyTorch card."

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

#89

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...

They mostly do, the problem is that they're even more supply-constrained than Nvidia right now.

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

#90
post #68
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.

I suspect there will be a bios fix for this lock about a day after they're released. Unless they put this in hardware somehow, it's not going to be effective.

And, they mention the ETH algorithm specifically is what they detect -- there are a bunch of other algorithms that aren't ETH that are profitable to mine.

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