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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

#321

Post by scotty79 »

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…

> 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 power consumption.

I don't know how can you say that after volatility in banking systems crashed large parts of economies of at least a few developed countries leading to resurgence of nationalist leaders that fuel and use those sentiments in people damaged by banks gambling on stuff they can't be trusted to count properly.

We'll see how well your wealth gets preserved when China stops buying US debt for whatever reason and oil is sold for euros or yuans. I think there will be proper mess in global economies and you might use a thing that can't be fudged by people.

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

#322

Post by lozaning »

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.

AMD already did this. The RX6K series are terrible cards for mining. The radeon 7 smokes the new cards because the new ones where designed to be as bad at mining as possible without effecting raster performance.

RX 5700 will hit 55mhs and the RX6K series will do ~68mhs, but the cost of the 5700 is typically like half that of a 6800.

There's a reason it's easier to find the new AMD stuff in stock than nvidia stuff, they've got a terrible mining roi.

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

#323

Post by emteycz »

infogulch wrote: post #282
ljm wrote: post #269

Earlier quoted context omitted.

The environmental issues are concerning to me. The amount of electricity being burned through for what is essentially a skeuomorphism of gold mining, pretty much primarily for speculation now, is beyond belief. It's a completely artificial, and artificially scarce, product. Whatever original hopeful goals the creator(s) of Bitcoin had with this idea, and decentralised currency...if there was any victory at all it is…

> skeuomorphism of gold mining I'm gonna steal that one, thanks. :D

Don't, it's not accurate at all. "Mining" in the context of Ethereum is what powers it, not some abstract useless calculations.

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

#324

Post by fshbbdssbbgdd »

scotty79 wrote: post #321
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…

> 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 power consumption. I don't know how can you say that after volatility in banking systems crashed large parts of economies of at least a few developed countries leading to resurgence of nationalist leaders that fuel and use those sen…

What does this have to do with the environmental harms caused by crypto? Two wrongs don’t make a right.

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

#325

Post by Medicineguy »

bob1029 wrote: post #114
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…

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…

For completeness sake: The BTC network is, by design, setting the difficulty of mining a new block so that its 10 min on avg. Currently there fitting ~2200 transactions in one block [0].

That makes 3.6667 transactions per second. BTC needs a hard fork in order to increase this dramatically.

So you were actually quite generous with 10 transactions per second...

[0] "Blockchain Charts" https://www.blockchain.com/charts/n-transactions-per-block

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

#326

Post by csharptwdec19 »

throwaway0901 wrote: post #315
ljm wrote: post #269

Earlier quoted context omitted.

The environmental issues are concerning to me. The amount of electricity being burned through for what is essentially a skeuomorphism of gold mining, pretty much primarily for speculation now, is beyond belief. It's a completely artificial, and artificially scarce, product. Whatever original hopeful goals the creator(s) of Bitcoin had with this idea, and decentralised currency...if there was any victory at all it is…

Does all mining apply here? I saw some videos where people were setting up solar panels and minig using that power. If you have a system of solar panels + mining cards, is there more harm compared to no such system (not taking producing solar panels and cards into account).

There's still the environmental costs related with creation of the panels and cards. Making Circuit boards and Silicon is a costly endeavor in and of itself from an energy and waste standpoint.

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

#327

Post by scotty79 »

serverholic wrote: post #16
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…

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.

It doesn't matter. Gaming hardware will be used for mining as long as there is any single popular cryptocurrency that's POW and doesn't have dedicated ASICs.

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

#328

Post by tshaddox »

zelon88 wrote: post #105
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.

But surely it's not like Nvidia is suddenly adding brand new capacity to produce these new cryptocurrency cards. If they could do that, they could just do that with the same cards to make enough for gamers and miners.

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

#329

Post by mullingitover »

It would be fantastic if mining activity could be detected at the hardware level in order to engage throttling. Honestly if cryptocurrencies are going to be a thing, it wouldn't make any sense for hardware makers to ever sell anything that could be used for mining. They could just build their own mining equipment, own the market, and not sell (or sell at a prohibitive markup) any hardware that makes serious mining profitable.

I'm saying this as a person who wants to use computers for something useful, like playing games.

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

#330

Post by ajnin »

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 see that as just another hardware manufacturer limiting what people can do with their hardware. And "creating tailored products for customers with specific needs" ? Just regular old market segmentation as they've always done, to extract more profit. Don't be mistaken, thus is about money, Nvidia does not act in the interests of the end user but their own. "think of the gamers" is just a way to put their foot in the door.
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