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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

#131

Post by jbob2000 »

sabalaba wrote: post #126
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 CBECI tool estimates that bitcoin consumes about 15.24 gigawatts. There are approximately 2 million employees working at FDIC insured banks in the United States.[2] There are approximately 330 million people in the United States.[3] United States food production uses about 10 quadrillion BTUs per year (about 332 gigawatts = [10 quadrillion BTU / (365 24 60 60) sec to gigawatts]). 332 gigawatts / 330 million ~ 1kW…

So Bitcoin is a weight in addition to all the banking weight?

We’re running two banking systems right now. It’s inefficient and stupid.

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

#133

Post by ChrisLomont »

IceWreck wrote: post #115

While I hate the GPU shortage, I dont think this is the right way to go. Artificially limiting what you can and cannot do on your hardware is a bad precedent.

>Artificially limiting what you can and cannot do on your hardware is a bad precedent.

Everything does it - from Intel chips being binned by performance, Windows versions and # of CPUs, and pretty much any big software products.

Another way to see it is: it costs X to develop a line, and a vendor can charge everyone the same, no matter how they use it, or they can design and partition the line so users with different needs pay more or less. So, for example, a home PC with 8 cores is not paying for software that handles 128 cores, and those needing 128 core software pay more. When Intel does a run of CPUs, and tests them, and finds some can run at 4 GHz, and others only at 3 GHz, then they can either throw out the 3GHz ones and charge everyone much, much more for the single sku, or they can partition the same chip into bins for different prices, effectively lowering the chip cost for every single sku.

The alternative to pricing in tiers is to charge the 128 core user less, and the 8 core user more, then the majority of users get charged more for things they will never use. Or only sell the top of the top of the chip yield, making the per unit cost astronomical, since now your yields dropped through the floor.

Personally, I like market segmentation, since it allows me to only pay for the things I want, while others can buy the things they want. I prefer not being charged to support development of things I don't want or need. And in some cases it lowers the cost for everyone.

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

#134

Post by DennisP »

patrickaljord wrote: post #86
namdnay wrote: post #57

Earlier quoted context omitted.

> 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 consu…

It's not like we'd stop protecting our oil supply if we converted to Bitcoin. We'd still need oil for cars and planes and so on. If we manage to stop using oil, we won't need the military to protect it anymore, even if we haven't converted to Bitcoin.

So I don't think we can lay the military's oil consumption at fiat's feet.

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

#135

Post by hobofan »

bhaak wrote: post #119
hobofan wrote: post #85

Earlier quoted context omitted.

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…

> They've been _planning_ to move to PoS for ~3 years, with a much too optimistic timeline. PoS has always been on the roadmap even before their ICO. But yes, with a MUCH more optimistic timeline.

Yes, but back then nothing more than the first few ideas towards their PoS existed IIRC.

2-3 years ago is when the Casper FFG paper was published and subsequently the architecture of Ethereum 2.0 (and the concrete 3-phase roadmap towards it) were published.

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

#136

Post by mam2 »

jbob2000 wrote: post #131
sabalaba wrote: post #126

Earlier quoted context omitted.

The CBECI tool estimates that bitcoin consumes about 15.24 gigawatts. There are approximately 2 million employees working at FDIC insured banks in the United States.[2] There are approximately 330 million people in the United States.[3] United States food production uses about 10 quadrillion BTUs per year (about 332 gigawatts = [10 quadrillion BTU / (365 24 60 60) sec to gigawatts]). 332 gigawatts / 330 million ~ 1kW…

So Bitcoin is a weight in addition to all the banking weight? We’re running two banking systems right now. It’s inefficient and stupid.

bitcoin fans will agree with you and say we should remove traditional banks ^^

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

#137

Post by dividedbyzero »

NKosmatos wrote: post #91
lrossi wrote: post #51

Great, another company that is dictating what software I am running on the computer I own. I’ve never mined Ethereum, but this really upsets me.

I agree, when you buy the hardware you should be able to do what you please with it. This applies for something you already own and use. Imagine a new driver, for hardware you already own where you couldn't watch cat videos (extreme example) in 4K but only in 360p :-) On the other hand if you're well informed before buying such a card, that it will have reduced performance for crypto (or whatever) I guess it's ok and…

> I think this is a marketing trick so that both gamers and miners are happy, RTX line for gamers and CMP line for miners, win-win for NVIDIA :-)

But they won't magically have twice the amount of chips on hand, will they? So either they make a lot of CMP cards and too little RTX cards, and gamers will still struggle to get one, or they'll make sufficient RTX cards and too few CMP ones and miners have a big incentive to get around those restrictions (and will, in all likelihood). I guess they can mark up those CMP cards and include some mining-friendly features in the future for some additional revenue.

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

#138

Post by option »

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…

how Syrian refugees (or any other people from war torn place) convert their assets to crypto before leaving?

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

#139

Post by rtrdea »

vlovich123 wrote: post #108

Aren't ASIC miners at least an order (or in the case of Bitcoin, several orders) of magnitude more efficient than these chips? Is this just more attractive in terms of more easily accessible supply?

People still GPU mine ether

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

#140

Post by notRobot »

namdnay wrote: post #57
CraigJPerry wrote: post #46

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

Source?
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