731–740 of 762 posts
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ETh DAG is over 4GB now, no one wants 3GB cards
prices are still over $150 which is more than I paid for it new back in 2017. like, shockingly to some, there exists a market for GPUs for doing things other than mining. And not all coins require 8GB cards either.
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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.
AMD already did this. The RX6K series are terrible cards for mining. The radeon 7 smokes the new cards because the new ones where designed to be as bad at mining as possible without effecting raster performance. RX 5700 will hit 55mhs and the RX6K series will do ~68mhs, but the cost of the 5700 is typically like half that of a 6800. There's a reason it's easier to find the new AMD stuff in stock than nvidia stuff, th…
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Does it matter? The reality is the same.
It matters to the extent that saying "environmental harm is a deliberate design choice of bitcoin" is false, rather than true.
Enviromental harm is the reality of bitcoin. And should be on the addressable agenda.
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You don't do bitcoin. Bitcoin is impractical. We are talking about crypto in general, not just bitcoin. Nowadays you can for example get xlm from a cex, move it to your wallet and send that. It's fast and with very low fees( lower than paypal etc). There's even a stablecoin you can exchange it for so you dont have to worry about price swings.
How low are you talking about? And hidden fees such as the spread do matter. Last i checked, which was a while ago, paypal wasn't that flash compared to alternatives.
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So they essentially got themselves in a pickle. It looks like they have not invested money in infrastructure and instead lowered prices to attract as many people as possible thinking what they currently have will be "enough". They have not predicted that the demand will be so high that it will exceed their current abilities and they have no money to increase the production and they are unable to raise the money witho…
The problem is that everybody wants to build on newest TSMC and maybe Samsung fabs. Apple outbid everyone (and given their budget, will continue to do so.), so the rest of them are fighting for whatever capacity is left. TSMC is expanding, but new factories take years to build. So the issue here is mostly the overreliance of whole world on TSMC and Samsung.
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So they essentially got themselves in a pickle. It looks like they have not invested money in infrastructure and instead lowered prices to attract as many people as possible thinking what they currently have will be "enough". They have not predicted that the demand will be so high that it will exceed their current abilities and they have no money to increase the production and they are unable to raise the money witho…
> unable to raise the money I think Nvidia could borrow or raise basically any amount of money if they had capital-intensive projects to invest in that would solve current or future supply constraints. Retained earnings are not the only way a company can invest in itself. The problem isn't capital, its fundamental inelasticity of supply for semiconductors. Fabs (or capacity in fabs) can't be spun up or down quickly,…
I've been helping keep my bedroom warm each night this week by mining ethereum on my RTX 2070 - made about $6 net so far. The fact that I'm benefiting from the waste heat literally helps me sleep at night.
You're probably spending much more on the electricity used than the $ from ETH. You're probably better off buying a real heater...
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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…
Did you know that vanilla financial securities also require upkeep? Approximately 0.5% of the value of all financial assets is burned every year (and potentially an order of magnitude more, depending on what asset and packaging you're talking about).
Oh wait.. You don't want that functionality, and you're still using up the energy footprint in the event you are correct. One of these delivers significantly less versatility than the other for the same energy investment.
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Sounds like they're using software to artificially limit the capabilities when it comes out.
Ok, but it is not taking away something that you bought or anything. The specifications are known up front. You can choose not to buy something if you don't like the software on it.
Yes, it is. The hardware has capabilities, and Nvidia is artificially limiting them in certain circumstances based on what they consider "acceptable" use.