Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

blogs.nvidia.com

Post reply on HN
Print view View original

351–360 of 762 posts

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

#351

Post by philjohn »

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?

Ignoring the masses of people who mine in their own homes - e.g. pool miners on places like nicehash.

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

#352

Post by ljm »

emteycz wrote: post #323
infogulch wrote: post #282

Earlier quoted context omitted.

> 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.

Someone's out there digging ethereum out of the wall of a cave? Panning for it in a river delta?

No? Then it's a calculation. Or an abstract and useless one in your terms.

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

#353

Post by Krasnol »

ljm wrote: post #269
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 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…

Is there any reliable data on the actual environmental harm? I've heard so many times that it's renewable energy being used because it's so cheap. There was something about mining near dams.

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

#354

Post by bogwog »

EDIT: nevermind, I didn't realize the 3060 wasn't out yet. In that case, I think this is a good move (if it actually works).

Disregard everything below...

I hate mining, I love my (old-ish) Nvidia GPU, and what this will do for the availability of cards and reliability of cards on the second-hand market is great.

But, FUCK this. Nvidia just removed a feature from a product customers paid for, and then sold it back to them in a new product. This is like if Apple disabled Wifi on old iPhones to force you to buy a new one.

It doesn't matter whether the reasoning behind this particular decision is something you agree with, a company should not be allowed to get away with doing something like this.

I hope a class action lawsuit comes out of this and Nvidia loses big, because a world where a company can do this by adding sufficient spin to the decision, is terrible for consumers.

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

#355

Post by thefounder »

bob1029 wrote: post #189
deweller wrote: post #166

Earlier quoted context omitted.

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.

100k transactions per section w/ serializability and all of the other things required to satisfy real-world concerns like fraud and regulatory constraints?

Last thing a "crypto" user wants is his account being put on hold for months for various reasons (i.e paypal style), usually "for his own protection". I believe it's a mistake see crypto payments like a replacement for visa/mastercard. It's good to have some competition.

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

#356

Post by wruza »

ajnin wrote: post #330
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…

It would be very suspicious of nvidia if it acted in others interests. What bugs me most is that in many win-win situations (specifically, nvidia takes more markets, I get a videocard for much less than $2500) there is a guy who proclaims freedom über alles, stretching good intentions ad absurdum.

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

#357

Post by bcatanzaro »

bogwog wrote: post #354

EDIT: nevermind, I didn't realize the 3060 wasn't out yet. In that case, I think this is a good move (if it actually works). Disregard everything below... I hate mining, I love my (old-ish) Nvidia GPU, and what this will do for the availability of cards and reliability of cards on the second-hand market is great. But, FUCK this. Nvidia just removed a feature from a product customers paid for, and then sold it back to…

This isn’t true. No one has bought an RTX 3060. It is going to be released next week. Nothing is happening to products people already bought.

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

#358

Post by lxgr »

bogwog wrote: post #354

EDIT: nevermind, I didn't realize the 3060 wasn't out yet. In that case, I think this is a good move (if it actually works). Disregard everything below... I hate mining, I love my (old-ish) Nvidia GPU, and what this will do for the availability of cards and reliability of cards on the second-hand market is great. But, FUCK this. Nvidia just removed a feature from a product customers paid for, and then sold it back to…

> Nvidia just removed a feature from a product customers paid for

Isn't the 3060 a new product?

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

#360

Post by ljm »

elinear wrote: post #303
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…

Modern day California, and by extension Silicon Valley, would not look the way it is today without the California Gold Rush [1], as horrible as its externalities were. [1] https://en.wikipedia.org/wiki/California_Gold_Rush#Longer-te...

Great prosperity often comes at, or with, a great cost. California today doesn't make a great picture when you look at the homelessness and inequality, and the exorbitant cost of living anywhere near where the action is.
Post reply on HN