Earlier quoted context omitted.
By crippling the product for miners, they're increasing the supply for gamers.
What if you are a gamer and you want to mine when you don't play?
Then you'll be happy with a half hash rate card.
Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
681–690 of 762 posts
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#682If NVIDIA feels the need to gimp the upcoming RTX 3060, that suggests that the new CMP cards will not be attractive enough to compete on their own price/merit, or that they will be similarly supply constrained. That said, I'm curious to see how they perform for machine learning.
Of course they won't compete on their own price/merit. This will be like Quadro: Same chip, a couple of feature flags flipped, then sold at several times the price to price-insensitive market segments. Nvidia have noticed miners will pay $1000 for an MSRP $500 card, and they want to take a cut without alienating the gaming market too much.
Sounds like merit is is high, since people are happy to pay double what the gamers pay.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#683Earlier quoted context omitted.
This doesn't seem that far fetched. Especially since miners don't need to produce full-featured drivers.
When GPUs are know to use signed firmware, when open source coders need to ask for signed firmware to make even a minimal feature open source GPU driver work, and when there’s no evidence at all that high performance custom made mining-only drivers exist, then that seems very far fetched to me.
Not so much a new driver, but here is an example of drivers being patched for mining. https://github.com/keylase/nvidia-patch
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#684(1) Many gamers are miners in their spare time! (2) Big Mining operations actually write their own drivers (3) Huge Mining operations even use custom boards (4) I heard that that Nvidia has been selling silicon directly to the big boys ( https://wccftech.com/nvidia-allegedly-sold-175-million-worth... ) (5) With this action I expect its only the little guys getting removed from the game here (1) a huge benefit for the…
The objective seems to be to stop miners from buying up consumer GPUs. Nvidia added a separate product line for mining.
The point made is this will stop mass consumers mining, any restriction will likely be quickly bypassed by those technical enough to bypass it.
This is a great video: https://www.youtube.com/watch?v=sg__YdXbRtI
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#685Earlier quoted context omitted.
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…
Yeah let's use more efficient cryptocurrency. Bitcoin was really excellent for PoC but should not be used anymore.
How would you make cryptocurrency more efficient?
My knowledge of this technology isn’t very deep. From my understanding, mining is essential to facilitate transactions, which in turn makes cryptocurrency a currency. Mining needs computing power, which needs energy. More energy translates to more rewards, which incentivises parties to keep mining and keep the network running. Even if you make the underlying calculations more energy efficient, miners are still incentivised to spend more energy to capture more of the reward(?).
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#686Earlier quoted context omitted.
But that’s not what I said. I said the amount of CO2 being generated was probably not as high as you might expect from a naive reading of the kWh consumed.
Sure, but to truly avoid all naive readings would be to analyse the total impact of constructing the hydro plant in such an out of the way place for the purpose of mining. There's an emissions cost to producing the equipment required to construct the hydro plant. There's an emissions cost associated with constructing the hydro plant. This is multiplied if you are building it in an area without heavy industry (no exis…
All of that may be true. But none of it invalidates my initial statement.
You're arguing with a discussion that didn't happen.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#687Earlier quoted context omitted.
You’re confused. They claim they are going to fork ETH to make a POS fork of it. Now the people claiming this are going to want you to believe that’s the “real” eth- but the miners may not agree. They have no incentive to do so. And yes, they can absolutely keep running the real chain and let the chips fall where they may. Given that course of action benefits them, and the other benefits Vitalik and his whale friends…
That's...exactly what I just said. It doesn't matter what the miners believe, if the exchanges, applications, and users have moved to the PoS chain. Which is very likely to happen, given the community support for PoS, the scaling coming on that side at around the same time, and the fact that exchanges are already letting users earn returns by staking ETH, while the exchanges take a percentage of profits.
I think you are projecting your belief about ETH v3.0 or whatever it is onto a lot of people who don't agree with you.
Vitalik et all have been talking about pos for years. Meanwhile a huge portion of the cryptocurrency space went there already (years ago) and left eth behind. POS isn't some new technology.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#688It's nice that Nvidia gets to artificially restrict what I can do with their products after I buy them. I had this problem years ago...I bought a USB video adapter to enable using a second screen while my main screen was running games...they had code in the driver to disable things like physx if a second display was detected.
But the RTX 3060 hasn't launched yet?
He means what he can do after he buys, not that they're restricting it after he bought it.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#689Earlier quoted context omitted.
I think it absolutely makes sense for them to customize their products for the market they want to serve, even if it is artificial, that is their prerogative. But the product is just for gamers that want better games. I think it's funny that is the moral high road here.
By the same logic those interested in ML shouldn't be buying up Geforce cards and should buy their Tesla line.
They should be free to create products that foster the community they believe will give them the best returns in the long run. Clearly they don't think that is crypto, they probably think it is either a fad, or that it will move to proof of stake, and that the demand will subside. So if they leave their core community high and dry during that time they could lose favor. I don't know if that's right or wrong, they clearly have way more insight than I, but either way I support their right to make the decision. They aren't the only company in the world, others should step up if they see a frothy market.
ML is a bit different in that the applications are probably here to stay, and the applications are "legit". But, the ML market will not have the same brand loyalty that the consumer gaming market will. Consumers like brands and they stick with them. Companies spending money on ML are going to flock to the cheapest TCO, and a lot of this will also be abstracted through cloud offerings.
In short, they don't want to piss off what they believe to be their cash cow for years to come.
Re: Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half
#690Earlier quoted context omitted.
If you're talking about bitcoin, most btc is mined in China by Bitmain and one other company.
Right, which is a major problem for the decentralized currency narrative. It also creates a massive incentive for market manipulation to continue keeping prices high enough for them to get ROI on the mining investment.
Yes, that's a huge issue for btc. BTC isn't really a decentralized cryptocurrency anymore.
There are others that are.