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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

#691

Post by snak »

soheil wrote: post #599
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…

> it does not make any sense in 2021 to have a currency that need heavy computation thus increasing power consumption Because it makes so much sense to dedicate equal or if not vastly greater resources to playing games?

Gaming needs more resources to solve a problem whose difficulty is increased to produce better and more accurate images.

Mining needs more resources to solve a brute force problem whose difficulty is increased just for the sake of making the problem even harder to solve.

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

#692

Post by snak »

sujinge9 wrote: post #231
cat199 wrote: post #225

Earlier quoted context omitted.

> This just seems like a feeble gesture at appeasing gamers. Color me cynical, but this seems like a strong gesture at increasing margins on GPU computing by upselling using cryptocurrency and gamers as PR pawns/scapegoats if Nvidia is selling more cards than they can produce/distribute at desired target prices they should produce more cards and improve their distribution networks..

Or, even easier, raise prices...

I don't think that would benefit gamers at all.

Maybe it will offset the days it takes for a graphics card to pay itself by a few weeks? (e.g. previously RTX 3070 took x weeks to pay itself by mining 24/7, maybe it will change to x + 2 weeks?)

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

#693

Post by xtanx »

Lets analyze the following statement:

> RTX 3060 software drivers are designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm, and limit the hash rate, or cryptocurrency mining efficiency, by around 50 percent.

Why just Ethereum? This cannot possibly limit the sales of 3060 alone because there are a zillion cryptocurrencies. People will just use it to mine for other crypto currencies right?. Also 50% reduction. They wouldn't hardcode this percentage. The number obviously needs to be able to go up to 100% (no limit) and down to 0 - ie block it completely.

This effectively means 2 things:

1. Their detection algorithm is "upgradable". They wouldn't do that just for Ethereum. 2. That they can block any kind of workload they can detect.

Should we allow them to have the power to do that?

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

#694

Post by cbzbc »

jki275 wrote: post #686
cbzbc wrote: post #668

Earlier quoted context omitted.

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.

The wider discussion (and this particular thread) was on the environmental cost caused by bitcoin.

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

#695

Post by brian_cunnie »

JumpCrisscross wrote: post #606
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.

> gold was created by a supernova This is a tangent, but it's more fun than the usual Bitcoin fetishizing and bashing. There is building evidence that neutron star collisions, not supernovae, are the primary source of the universe's gold [1]. [1] https://www.quantamagazine.org/did-neutron-stars-or-supernov...

And there's a great PBS spacetime video exclusively covering the creation of heavy elements, and why they no longer think it's solely the result of supernovae [0].

[0] https://www.youtube.com/watch?v=MmgMboWunkI

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

#696

Post by [deleted] »

skyzadev wrote: post #629
aspaceman wrote: post #624

Earlier quoted context omitted.

"Bitcoin is wasteful" "But look at the sun man! That's the real waste" Are you high?

I was indirectly referring back to my original post above if you did not notice. And no I'm not high, just having a conversation about Bitcoin energy usage in relation to renewable and sustainable energy technology.

[deleted]

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

#697

Post by xtanx »

mehlmao wrote: post #306

So does this impact Hashcat too? Any clue if they'll get rid of the restrictions once supply catches up to demand?

> Any clue if they'll get rid of the restrictions once supply catches up to demand?

Now that is a great question. If they were purely doing this for their supply issues and not for control they would be stating that this is just temporary.

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

#698

Post by lozaning »

gchamonlive wrote: post #667
lozaning wrote: post #605

Earlier quoted context omitted.

Im curious to know how much more in taxes you think I should have to pay on my mining profits above and beyond the capital gains taxes I already have to pay. I'd understand if you wanted all economic activity to have to figure in the negative externalities before a profit could be realized by stake/shareholders, but your comment implies to me that crypto should have some kind of special tax because you're upset you c…

> because you're upset you cant buy a gpu. This is exactly the kind of antagonism that is detrimental to everybody. Read op comment again: > Mining trashes the environment and, for the majority of crypto assets/volumes, does not provide genuinely valuable economic activity besides speculation I am not "upset I can't buy a GPU", mining uses a lot of power[1] and its environmental impact is not being taken into conside…

> So yeah, if mining is damaging the planet and if we can assess the damage quantitatively and link it to mining without a doubt, it should have to be taxed accordingly.

Replace 'mining' with 'anything' and I fully understand as I'd said.

If I'm running 3,000 watts worth of GPUs at home to heat my house, and you're running 3,000 watts worth of space heaters at your house, I'm certainly not damaging the environment anymore than you are.

We should both pay the FULL cost of the toll the generation of the required electricity cost to run our equipment. Why I should pay taxes above and beyond what I already do because my heater makes money is where you totally loose me.

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

#699

Post by bogomipz »

MereInterest wrote: post #342
infogulch wrote: post #282

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…

>"Any significant drop in the network's hashrate opens it up to attacks."

I was curious about this. What would "significant" be? What is it based on - the number of outstanding blocks? Is this vulnerability mentioned anywhere in the protocol spec?

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

#700

Post by Karunamon »

csa wrote: post #609
passwordreset wrote: post #596

Earlier quoted context omitted.

> what is that actually useful for? Ownership. It's the difference between "I own 20 quatloos because the Bank of Endor says so" vs. "I own 20 quatloos". It supports actual ownership instead of representative or proxy ownership. In the same way that you can have $20 in the bank or $20 in your wallet. When it's in your wallet, it's actually yours and you own it. When it's in your bank account, then you don't actually…

I was hoping someone would give this answer. OK... so what exactly is "ownership"? A buddy of mine mined ~160 BTC (currently about USD $8.1m) back when it was fairly worthless. He left it on a hard drive on one of his many machines. BTC became worth something. He look for said machine and HD. Couldn't find it. That BTC is effectively gone forever. So... who owns it? There are a not small amount of stories like the on…

How is the thrust of this story any different from someone losing paper cash? How many millions/billions have been lost from physical currency becoming inaccessible?
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