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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

#541

Post by danShumway »

minitoar wrote: post #382
mtreis86 wrote: post #366

Earlier quoted context omitted.

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

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

This comment is probably sarcasm, but just in case it was meant seriously, I just want to make it clear that expending the energy of another supernova to create a currency would be, overall, a Bad Thing at this point in time.

Unless you've got some dyson spheres lying around that you're not telling me about, I'm going to politely request that bitcoin advocates not expend more energy than we have in the entire world just so that they can diversify their investment portfolios.

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

#542

Post by Layke1123 »

colordrops wrote: post #403
bob1029 wrote: post #114

Earlier quoted context omitted.

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…

How are the highly technical users of HN still this ignorant when it comes to a widely adopted 11 year old technology. The main value coming out of Bitcoin is that it is not regulatable by any party, including nation states. You can take your Bitcoin across borders. No one can stop Bitcoin sales like they did with GME. The whole point is to cut middle men and central authorities out of the picture. There is no other…

Until you want to turn bitcoin back into useful things, you better hope whoever is on the other side of what you want accepts bitcoin. Other wise it's just a number online that you can't eat with.

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

#543

Post by happynacho »

Const-me wrote: post #413
Answerawake wrote: post #373

Earlier quoted context omitted.

YES! I hope so if only to feel like I am back in the scene for just a moment. Miss those days. Maybe they can mod the VBIOS to show the crack group's logo on bootup just like how old VGA cards would show some company text before handing off to the PC.

> old VGA cards would show some company text before handing off to the PC My Gigabyte motherboard is doing that. Ain’t too old, has AMD’s X570 chipset.

Well, that's the motherboard, not the videocard. Every motherboard does it.

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

#544

Post by qqii »

chaosharmonic wrote: post #371
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…

> Mining trashes the environment and, for the majority of crypto assets/volumes, does not provide genuinely valuable economic activity besides speculation I've actually been wondering about this -- are there any major ones that meaningfully provide other kinds of value for all of the computational resources they're using? My understanding of blockchain as a concept is pretty surface-level, so maybe I'm just missing s…

GPU mining is mostly ethereum. Ethereum mining isn't just arbitrary hash functions, its network settled $1T last year[0].

[0]: https://www.newsbtc.com/news/ethereum/ethereum-on-pace-to-se...

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

#545

Post by jonhohle »

option wrote: post #138
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…

how Syrian refugees (or any other people from war torn place) convert their assets to crypto before leaving?

Hypothetically, if you are seeking fleeing hardship would you want to convert your assets to a public ledger?

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

#547

Post by charcircuit »

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…

Just buy from scalpers and mine for however long to make back what you overpayed.

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

#548

Post by reducesuffering »

Tenoke wrote: post #308
throwaway1777 wrote: post #245

Earlier quoted context omitted.

You do realize there is a global chip shortage right now? It’s not as easy as clicking a button in ec2 to suddenly make more gpus.

This has been going on for half a decade. Yes, it's not as easy as ec2 but it's not a problem that money can't help with solving faster.

TSM is slammed with chip demand from Apple, Nvidia, AMD, Qualcomm, and others. Like, 100% booked for the next year or two. They have been heavily investing in state of the art manufacturing facilities for decades and it's still not enough.

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

#549

Post by raindropm »

px43 wrote: post #463
bob1029 wrote: post #114

Earlier quoted context omitted.

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…

If you can't see the practical utility of cryptocurrency in 2021, you're being willfully ignorant. If you actually believe what you're saying, then short it[1]. If you really think that the practical value is non-existent, then put your money where your mouth is, and take out a short. This isn't some academic theory where the best you can do is throw tomatoes at it, and ridicule it from a distance. This is an economi…

>If you can't see the practical utility of cryptocurrency in 2021, you're being willfully ignorant.

Maybe I'm willfully ignorant, but I just don't see any practical use outside of massive speculation game. Mind give us some examples? :)

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

#550

Post by qqii »

jsheard wrote: post #279
arsome wrote: post #243

Sounds like it's time to crack some NVIDIA drivers. I already do it for the video encoding limitations, why not this too? Miners are willing to go to some really hacky extremes, reflashing firmwares, custom fan mods, extreme overclock configurations, etc to maximize hashrates and certainly won't care if they have to jump through some hoops to patch a specific version of the Linux driver or enable unsigned drivers on…

Someone with early access to 3060 hardware, but not access to the launch drivers managed to wrangle it into working on pre-3060 drivers and still found that mining performance was artificially reduced. It starts high then falls off after a minute or so when some heuristic decides that mining is happening. https://videocardz.com/newz/zotac-geforce-rtx-3060-early-gpu... There's speculation that the limiter might actual…

I don't speak Russian but the source video shows him force installing Nividia's drivers and selecting 3070.

Pure speculation but I'd imagine that Nividia's drivers can properly differentiate and already had the limitation in the current release.

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