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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

#101

Post by DennisP »

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?

Beacon chain is live with over $5 billion in ETH deposited so far, and has been running flawlessly since its December 1 launch. There are minor tweaks coming this summer. A few months after that, if everything still looks good, they'll migrate the legacy chain to it and proof-of-work on Ethereum will end.

The migration is a decent amount of work but it's not the difficult research task that the beacon chain was. Someone did a proof-of-concept in about a day, though the exact plan has changed since then.

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

#102

Post by asutekku »

varispeed wrote: post #81
bryanlarsen wrote: post #11

Earlier quoted context omitted.

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.

If it is not physically possible, this decision makes a lot of sense. Due to the global semiconductor shortage it simply is not possible to build more on the scale customers would like to.

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

#104

Post by theandrewbailey »

serverholic wrote: post #13

Wow nVidia really needs some serious competition.

Aside from AMD, there really isn't anyone competing on high-end mass market PC GPUs. Intel is making some moves, but nothing has been released yet.

https://www.tomshardware.com/news/intel-xe-hpg-graphics-unve...

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

#105

Post by zelon88 »

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…

That's for the people who already own the card.

If you're in the market for a new card and you have the option of a powerful, purpose-built card that works out of the box or one that needs endless tweaking, few people would choose the more complex option. Especially if it means every new driver that gets released is going to require days to make work properly.

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

#106

Post by Tenoke »

ralmidani wrote: post #50

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 nee…

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

I'd rather they have scaled up the demand. They've had years of this to take the higher profits and invest them. Even if people don't use them for mining, the demand for Machine Learning is there - instead GeForce cards have been banned for use in data centers for years. Not to mention that the crippling of 3060 would be trivial for mining operations to get around.

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

#107

Post by shawnz »

jki275 wrote: post #76
tromp wrote: post #39

Earlier quoted context omitted.

We did think about it but wanted both the simplest possible consensus model and the widest possible distribution of coins, which led us to Proof of Work (geared to lower-power ASICs) and fixed block reward. Proof of Stake is much more complicated, is subjective, and doesn't provide for coin distribution.

Proof of stake is a solved problem, has a fixed block reward, has no ASICS or need for them, is no more complicated, is not in anyway subjective, and distributes coins just fine as both ADA and XTZ are doing right now.

They are correct that proof-of-stake doesn't solve the initial wealth distribution problem. ADA and XTZ solve it by pre-mining the coins.

Ethereum is instead solving it by having an initial proof-of-work period and then moving to proof-of-stake after some amount of mining and wealth distribution has already happened.

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

#109

Post by DennisP »

jki275 wrote: post #69
striking wrote: post #18

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.

There is nothing the miners can do to stop the migration, any more than they can stop you from making your own fork of Ethereum and convincing your friends to run it.

The miners can keep running the legacy version, and try to convince users and exchanges to stick with it. Given the massive community support for PoS, they're not likely to be very successful.

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

#110

Post by izacus »

COGlory wrote: post #94
WrtCdEvrydy wrote: post #43

Earlier quoted context omitted.

Yeah, this is about par for the course for Nvidia. I wish AMD had a working product to kick their teeth in...

They do. The 5700XT is still an excellent card, the 6700 and 6700XT are coming out soon, and the 6800 and 6800XT are both absolutely killer cards as well, especially at the reference prices. Vendors and demand have effectively driven prices to an insane amount, and you just can't get them, unfortunately. Short of AMD doing something like Nvidia is doing here, I doubt we'll see them on store shelves any time soon.

And the reason you can't buy them is exactly the same reason nVidia is adding limitations - to try to make the cards less appealing to scalpers so the actual customers may get some.
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