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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

#291

Post by flixic »

Klwohu wrote: post #244
TomVDB wrote: post #218

Earlier quoted context omitted.

> 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...)

Building more fabs is the only sustainable solution. Demand is higher than supply, and miners will just use older drivers or figure out a workaround pretty quickly, unless the new mining cards are substantially cheaper yet just as fast as the "gaming" GPUs.

Fab equipment is also massively back-ordered.

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

#292

Post by viraptor »

DennisP wrote: post #101
striking wrote: post #18

Earlier quoted context omitted.

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. Some…

> they'll migrate the legacy chain to it and proof-of-work on Ethereum will end.

Likely closer to: they'll create a mirror on the new chain and a group of unknown size will keep ETH 1 fork alive.

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

#293

Post by Hammershaft »

glsdfgkjsklfj wrote: post #277

nvidia going to learn a lesson. first, this is very obviously because they noticed cloud operators are offering these RTX cards and they do not have a 10x-the-price-enteprise-quadroRTX yet. what they think will happen: they will blame miners for their production issues, make RTX cards less attractive for cloud operators, sell a truck load of quadro cards to them while offloading RTX cards to actual gamers who then ge…

Do you have a source on game studios using hashing for crowd AI?

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

#295

Post by Justsignedup »

This is a terrible move.

This is also a fantastic move.

Personally I am very very VERY much okay with this. This will keep consumer cards in correct demand. And if miners want to throw away money for mining, they can.

People talking of modding, its a high effort and high risk. Again, I'm okay with that. The cost of modding will likely be the same as just buying a specialized card. Overall mining is a horrible environmental impact.

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

#296

Post by strangeattractr »

JohnJamesRambo wrote: post #54
thomastjeffery wrote: post #36

Earlier quoted context omitted.

Because we don't have any alternative to gold.

As far as I know (last time I googled it) if speculation was removed and hoarding, gold would be worth about $100 an ounce for the things we need it for. So yes we do have alternatives to gold. Things such as Bitcoin and crypto, which keep going up in value, while gold speculation has stagnated and is even going down. Weakening dollar and massive debts due to the pandemic should mean gold skyrockets, but people are b…

What would be the price of BTC if speculation and hoarding was removed?

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

#297

Post by liuliu »

vbezhenar wrote: post #289
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…

Just wait until they'll limit ML/DL using those heuristics because you're supposed to buy specialized hardware and let gamers play their games. First they came for the miners, and I did not speak out.

Yes, that is worrying. But, they already have license in place to ensure no one uses their gaming GPUs in the cloud, where the big money is already. (And it worked, I cannot find any low-cost cloud providers with gaming GPUs for GPGPU computing).

I hope they don't, given that there is limited upside and a lot of push back from dev community.

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

#298

Post by p1necone »

mywittyname wrote: post #267
wtallis wrote: post #155

Earlier quoted context omitted.

Binning chips for yield is different from artificially crippling chips. There's nothing wrong with taking an 8-core CPU with a defect in one core and selling it as a 6-core part, or underclocking it until all 8 cores are stable and selling it as a slower part. The odious part happens when fab defect rates drop and yield improves, so basically all the dies can function as 8-core chips. When that happens, Intel et al.…

> That's a pretty clear cut market failure that's only possible because the barriers to entry are so high. I see that as a market success. People with lighter needs can purchase a neutered chip at a lower price. While people with greater needs can purchase an unlocked chip for a premium. An alternative is to only have one chip, which is priced higher than the neutered version. Because of lost sales, fewer people over…

It's a market failure because in a market with proper competition it wouldn't be possible for Intel to do this without being undercut by someone else on the higher end parts.

If you're able to take e.g. an 8 core cpu, artificially disable 2 of the cores and sell the 8 core for $300 and the 6 core for $250, and still make a profit/break even on both of them then you could be selling the 8 core for $250 and your competition should be punishing you.

Intel are only able to offer a "discount" because their profit margins are so high because of lack of competition.

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

#300

Post by IshKebab »

jki275 wrote: post #259
IfOnlyYouKnew wrote: post #214

Earlier quoted context omitted.

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%.

I think that the bitcoin mining companies that run in China have a pretty good handle on how to get very low cost electricity, and hydro doesn't produce the CO2 emissions you're so concerned about. So what's your point?

His point is that crypto mining isn't using some carbon neutral electricity that was just lying around unused. If crypto minors didn't exist that hydro electricity would have been used for something useful. So by mining crypto unless you actually build extra hydro power stations for them you are 100% adding to CO2 emissions.
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