Does it also cut the power consumption in half? If so that just means miners will buy more cards not less since their marginal cost of mining won't be affected.
Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
611–620 of 762 posts
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#612Earlier quoted context omitted.
The environmental impact of "Proof of Work" could have been a problem but the inventors did think about that and realized that mining can be done pretty much anywhere, using renewable resources that would otherwise be untapped. As usual the ethical burden should be on the user of the tool, not the tool itself. In the long run miners who do not use untapped (cheaper) renewables are going to be priced out, it just take…
> the inventors did think about that and realized that mining can be done pretty much anywhere, using renewable resources So where exactly did you read that in the Bitcoin whitepaper? Because everything else is just guessing.
Here are a couple of 2010 Satoshi forum posts on the topic: https://satoshi.nakamotoinstitute.org/posts/bitcointalk/thre...
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#613Gamers 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.
So are you also opposed to aluminum production?
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#614Earlier quoted context omitted.
Electricity usage will forever be a human need and people need to realize and accept that. Taking down bitcoin because it's software that runs on computers that uses electricity is not the answer here - renewable and sustainable energy is the answer. Everybody is just echoing the same headline they read on some news article about bitcoin using a lot of energy without thinking it through properly.
I think you are the one not thinking it through properly. Yes, humanity will use energy. But it is kind of by design that bitcoin uses more and more energy, and that just doesn't make sense. Sorry. Bitcoin is not humanity using energy. It is humanity flushing energy down the drain.
Our sun is shooting out so much energy that is not getting used at all. That is flushing (sustainable) energy down the drain!
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#615Earlier quoted context omitted.
Nothing you said addresses the core and critical issue that Bitcoin and most blockchain currencies have terrible limitations on transaction-per-second, and are wildly inefficient with power and computing resources for what they provide. And thinking that bitcoin is a terrible idea is not the same as thinking you can predict its market value. When something is as volatile as bitcoin, shorting it is almost as bad as go…
Bitcoin doesn't need high transaction volume to provide value to its users, which is obviously apparent by looking at the current transaction volume. PoW is also the most efficient way to do what Bitcoin is doing. Attempts to displace PoW have all failed, because the required trade-offs are always too high, and detract from the value of the network. If you can figure out a fair way to seed value on a network that doe…
What issues do you see with Ethereum's upcoming PoS+Sharding system?
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#616Earlier quoted context omitted.
> I already do it for the video encoding limitations, why not this too? That sounds pretty interesting. Mind elaborating on what changes you achieve with your modifications?
https://github.com/keylase/nvidia-patch Basically just lets my Plex server transcode more streams at once without having a Quadro.
> my Plex server transcode more streams at once
And... why do you need your Plex server transcoding multiple streams? Just curious!
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#617Earlier quoted context omitted.
Nothing you said addresses the core and critical issue that Bitcoin and most blockchain currencies have terrible limitations on transaction-per-second, and are wildly inefficient with power and computing resources for what they provide. And thinking that bitcoin is a terrible idea is not the same as thinking you can predict its market value. When something is as volatile as bitcoin, shorting it is almost as bad as go…
Bitcoin doesn't need high transaction volume to provide value to its users, which is obviously apparent by looking at the current transaction volume. PoW is also the most efficient way to do what Bitcoin is doing. Attempts to displace PoW have all failed, because the required trade-offs are always too high, and detract from the value of the network. If you can figure out a fair way to seed value on a network that doe…
> so the value to power usage ratio gets better and better over time.
Don't you mean reverse?
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#618Earlier quoted context omitted.
Just wait until they'll limit ML/DL using those heuristics because you're supposed to buy specialized hardware and let gamers play their games. First they came for the miners, and I did not speak out.
If I recall correctly; they already do this by really limiting mixed precision performance on the GeForce line. I believe Titans typically where excluded, but otherwise for full FP16 support you needed a Quadro or Tesla card.
Is that limitation in hardware or software? I always thought it was a physical difference in chip design.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#619Have 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…
The CMP cards will be much cheaper than the GPU gaming units so why would they bother ???.
Pricing is 'only via suppliers' so we have no idea if CMP will be insanely cheaper or if it'll only be slightly cheaper. This most likely won't even solve the current shortages since 3060TIs, 3070s and 3080s will work with an old driver (existing drivers doesn't have any online auto-update, so they can't 100% force a new driver on cards), and the 3060 driver/firmware (some speculate the word 'driver' is inaccurate in the blog post and it'll be a firmware thing) might be hacked to bypass this limitation, so once it's hacked they will just always flash that firmware or use the modified driver.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#620Earlier quoted context omitted.
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.
And the reason you can't buy them is exactly the same reason nVidia is adding limitations - to try to make the cards less appealing to scalpers so the actual customers may get some.
I think you mean 'miners' - scalpers don't care.