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

blogs.nvidia.com

361–370 of 762 posts

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

#361
post #178

Earlier quoted context omitted.

Maybe there is some hardware enforcement involved? Also, retroactively capping functionality of a sold product seems like a PR and legal nightmare.

From the announcement it seems this is driver-side only, so a big nope.

Hm, then I guess that given that this is a so far unreleased product (and assuming it's not supported in current drivers), Nvidia can at least sidestep the issue of miners just using an old driver version to get the hashing functionality back.

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

#362
post #352

Earlier quoted context omitted.

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.

It's a calculation, but not a useless one done just to simulate gold mining, unlike Bitcoin. Look deeper into what Ethereum actually is, it's not just a cryptocoin, it's also a computing platform.

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

#363
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…

No one has bought this product yet. It's not out till February 25th. So Nvidia isn't removing/nerfing a feature that someone paid for.

This isn't like Sony removing Linux on the fat PS3 post launch.

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

#364

Releasing dedicated hardware for mining cryptocurrencies is the only way to go forward. Miners that use gaming hardware to mine must just be priced out of the market by more efficient dedicated hardware. This happened for bitcoin. If you don't have latest ASIC you can't even dream of mining bitcoin unless your electricity costs nothing. And even then you are still better off investing in ASIC as opposed to gaming har…

A chip that can mine Ethereum well is also a chip that can do mass parallel general purpose computing well.

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

#365
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…

Yes, it's wrong for people to use energy to make a profit. When the environmental externality is not priced in. There really should be a carbon tax.

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

#366

Earlier quoted context omitted.

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

That's putting it in the best possible light. Mining gold leaves the world with physical blocks of gold, which has no continuous upkeep cost. "Mining" cryptocurrency leaves the world with an asset that requires continual upkeep (further "mining") in order to maintain that asset. Any significant drop in the network's hashrate opens it up to attacks. The upkeep cost for Bitcoin is, and by necessity must be, proportiona…

Gold has an upkeep, Fort Knox doesn't operate for free, neither does a bank.

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

#367

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…

As opposed to...? What valuable asset is impervious to speculation?

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

#368

Neither a gamer nor a miner but would love some perspective here because something about this doesn't make sense to me. If Nvidia has the capability to make a differentiated mining product, shouldn't that be enough to get miners to go for it? Why halve the hashing rate on the "gaming" GPU artificially? If it is a supply issue, shouldn't Nvidia, as a company, try and solve for it directly (maybe it is really hard?), i…

From a miner's perspective there's little incentive (in cost difference) to get a mining specific card that doesn't hold its value when the mining craze is over compared to a general card which can be sold on the seccond hand market if necessary.

The same criticisms were given last time nividia tried to make a mining card and obviously it didn't work as last time they didn't need to use artificial limits.

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

#369

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'm sure a person whose life is saved by being able to transfer his or her wealth across the border doesn't feel like a drop in the ocean.

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

#370

Earlier quoted context omitted.

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

Great demand usually does great things for the future of supply and since renewables are getting cheapest I think they will get the most development in the future. We may end up with way more resilient power grid and abundance of clean energy thanks to cryptocurrencies.

This is a very hot take! If you believe this, you should oppose all measures to conserve energy, and advocate for dumping as much energy into the atmosphere as heat waste as possible. There’s nothing about the argument that applies to crypto more than any other energy use.
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