A related article is https://wccftech.com/nvidia-launches-cmp-30hx-40hx-50hx-and-...
(via https://news.ycombinator.com/item?id=26180342, but we merged the threads)
Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
211–220 of 762 posts
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#212Gamers 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…
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.
yeah, next year in Jerusalem.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#213Earlier quoted context omitted.
Why shouldn't companies be allowed to do product segmentation? Limiting mining performance on a consumer GPU is no different than limiting certain professional or machine learning specific performance features.
This isn't about product segmentation. They're artificially neutering their product. It's perfectly fine to offer a different product that's designed for better performance but to artificially limit product A so that people are forced to buy product B (that's probably more expensive) is messed up.
Microsoft designed Office with professional features, but they artificially neuter the Home version with a compile switch.
This is no different.
As long as you know what you're paying for, segmentation is fine. It allows consumers to pay for what they need.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#214Earlier 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…
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.
You think China is in the habit of building hydroelectric plants in places where no one needs electricity?
Also, a minute with Wikipedia and a calculator will show you that transmission losses for the longest possible straight distance in China are <5%.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#215Hahaha, this can't be real. Will they gimp the RTX-3060 in other applications like machine learning too? Will people who already bought these cards for mining have to watch out for updated drivers or firmware? This is an absolute nightmare scenario which will come back to haunt Nvidia for years. I can't believe they approved this.
It'll be interesting to see how games perform on the newly gimped cards people already own. Can they firmware-gimp a card to reliably stop mining without affecting games? We'll see!
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#216Earlier quoted context omitted.
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.
That's not what they said. They said POS can't distribute coins, which is not accurate. ADA and XTZ did pre-mine their initial distribution, and now they distribute coins through stake rewards.
That's not distribution. That's just letting every owner maintain their share of the pie by staking.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#217I wonder who they're going to blame when they still can't get their card but can't pin it on the miners.
As for these mining cards, without the resale value they might as well be ASICs.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#218In Germany, NVIDIA quotes 519 € as the starting price for the RTX 3070 series. Unfortunately, the cards are sold out almost everywhere and the few sites that accept back-orders list them for almost 1.000 € now, which is crazy. So Kudos to them for doing this, as the crypto craze seems to heat up there's no end in sight for miners buying up GPUs and NVIDIA risks angering a lot of regular people that weren't able to bu…
> So Kudos to them for doing this 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.
> I'd rather they have scaled up the demand.
There are car factories shutting down due to lack of chips. The silicon for the systems that I work on has its lead times increased from the customary How do you suggest they scale up demand short of building their own fabs? (Which I hope you aren't suggesting...)
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#219Earlier quoted context omitted.
The practical utility of crypto is such a joke when compared to the intended use cases that all of the speculators fawn over. The idea that crypto is a "store of value" seems like meager coping with the fact that transaction rates in a distributed system necessarily must suck compared to what Visa, et. al. are doing with IBM mainframes and racks of x86 hardware contained in the same datacenter (i.e. 1~2ms latency dom…
The long term road map for Ethereum 2 is 100k transactions per second. This is a theoretical maximum and it will likely take years to get there. This defies your assertion that scaling cannot ever be achieved with current crypto approaches.
The long term roadmap for MyCoin™ is to hit twelve bajillion transactions per second by next Tuesday.
It isn't easy to hit those throughputs on a normal system where nodes are reliable and trustworthy, workloads are carefully controlled, and latency is under a millisecond. There's no reason to think Ethereum can pull it off.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#220I 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?
There are no two ways about it: the Syrian refugees who were planning to buy RTX 3060s for mining are going to be hurt by this announcement.