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

421–430 of 762 posts

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

#421

Post by cmdli »

127 wrote: post #365
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…

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.

Relevant XKCD: https://xkcd.com/1499/

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

#422

Post by motoboi »

Mandatum wrote: post #418

This driver will be patched in a few days. They're kidding if they think this will stop miners looking for cheaper rigs.

They simply started a capture the flag competition where the flag is the ability to use cheaper (decreased hash power will reduce price generally) and more lucrative cards to mine ethereum.

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

#423

Post by qqii »

mullingitover wrote: post #329

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 pr…

I find it somewhat amusing that you use playing games as an example of something useful compared to performing ethereum transactions.

What you suggest already happens, companies like Bitmain who can invest millions to develop custom asic designs and buy directly from the silicon manufactures, contributing to the silicon shortage. Miners are buying commercial hardware becuase the allocation at the factories doesn't meet their demand, if it did graphics cards would just be sold at higher MSRPs.

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

#425

Post by infogulch »

emteycz wrote: post #404
HDMI_Cable wrote: post #397

Earlier quoted context omitted.

> Look deeper into what Ethereum actually is, I don’t have an opinion on this but if you’re making a point, you should be the one providing evidence, not telling others to look it up.

I'm sure everyone on this site is capable of opening Ethereum homepage by themselves.

Since we've gone meta anyways... Why do so few people value simply linking to and quoting directly from primary sources? From random internet comment #37846399, to sms chats, to user stories on a scrum board, and even news articles these days, nobody cares to drop a link to or actually quote the thing they're referring to. Docs, articles, code, journals...

Yes, it's work to back up your claims with direct links to a source. But maybe that's a reasonable minimum bar to hurdle to stand behind ones statements.

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

#426

Post by minitoar »

m00dy wrote: post #420
minitoar wrote: post #382

Earlier quoted context omitted.

Plus, gold was created by a supernova so you should take that energy into account as well.

I like your comment. May I use it on my daily life without referencing you explicitly ?

Yes, first one’s free.

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

#427

Post by wyldfire »

jki275 wrote: post #69
striking wrote: post #18

Earlier quoted context omitted.

When?

Never. They've been "moving to proof of stake" for something like three years. The miners are making money off of them not moving to proof of stake. The miners stop making money when they move to proof of stake. The only people who can actually allow the chain to move to proof of stake are the miners. Meanwhile, xtz and ada have been proof of stake since their inception, 3+ years already for both.

Peercoin introduced proof-of-stake in 2012, and Nano/XRB used it at its inception in 2015. So, yes, cryptocoins have had PoS in production for quite a while.

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

#428

Post by gopty »

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…

Please tell your relatives to stay at home. In Europe we don't need more immigrants from tribal societies. Thank you.

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

#429

Post by qqii »

mullingitover wrote: post #340
lifeplusplus wrote: post #337

Earlier quoted context omitted.

no because they can more money annually selling cards than mining, beside investors don't put in money in nvidia because it engages in crypto but because it's a video card company.

Saying they can make more money selling the cards doesn't make sense if the cards are actually profitable to use as mining equipment. Plus, investors don't care if nvidia is a video card company or they sell toilet paper, they care about their performance as an investment. If nvidia could pivot and double your investment, would you really care what they were pivoting to?

Nividia can't just suddenly decide to keep cards for themselves for mining, they have pre arranged agreements to fulfil with their partners.

Pivoting and creating a mining division also doesn't make sense - mining companies take on a lot more risk from volatile market prices and need to have a lot more cash on hand to sustain the long periods of unprofitability.

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

#430

Post by _carbyau_ »

wmf wrote: post #249
lima wrote: post #82

Earlier quoted context omitted.

The objective seems to be to stop miners from buying up consumer GPUs. Nvidia added a separate product line for mining.

If both those product lines use the same dies, mining is still taking GPUs away from gamers.

Assuming binning is simply making use of chips that fail display output tests but are otherwise fine, then I see no issue here. These are chips not being used by gamers anyway.

I am curious though whether they could be used as "second cards" for systems so that I can speed up Blender render times...

Post reply on HN