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Nvidia Limits RTX 3060 Hash Rate

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Re: Nvidia Limits RTX 3060 Hash Rate

#181

Post by social_quotient »

josalhor wrote: post #21
terhechte wrote: post #3

I'm probably going to be downvoted into oblivion but I'm genuinely curious: Does anybody else think that the "mining is bad for the environment and gamers can't buy the cards" argument is a bit weird? After all, if all these cards weren't used for mining but for gaming, wouldn't the environmental outcome be the same? I mean, is there any inherent upside to burning tons of energy for games vs burning it for a cryptocu…

> Does anybody else think that the "mining is bad for the environment and gamers can't buy the cards" argument is a bit weird? After all, if all these cards weren't used for mining but for gaming, wouldn't the environmental outcome be the same? I never had that specific opinion, but I have another point of view. Games bring inherent value to the table. That is, if you didn't play games you would be reading a book, go…

How about mining diamonds? (Honest perspective check)

Re: Nvidia Limits RTX 3060 Hash Rate

#182

Post by lwhi »

thangngoc89 wrote: post #144
lwhi wrote: post #79

Earlier quoted context omitted.

I agree. It's a bad move. Provide a better product for mining .. don't cripple what's out there. This feels similar to when Nurofen tried to repackage generic drugs for different types of pain. I.e. ultimately a branding exercise. -- Edit: spelling and s/paracetamol/generic drugs

The product is named Nurofen and its generic name is ibuprofen . If you want to talk about acetaminophen/paracetamol than brand names would be Efferalgan or Tylenol

I'm a UK citizen. We don't have those brand here.

You're right, Nurofen contains ibuprofen in it's main product range, not paracetamol.

The point is a generic drug was branded to solve specific ailments, when it acts in exactly the same way in all cases.

Re: Nvidia Limits RTX 3060 Hash Rate

#183

Post by danhor »

SXX wrote: post #154
_lqaf wrote: post #138

Earlier quoted context omitted.

Perhaps overstated, but it is a noticeable percentage of global electricity use spent on what is at best an enabling technology for the somewhat quixotic pursuits of a tiny fraction of the population. You should of course make your own judgments, but many people do not consider that a good tradeoff.

Keep in mind that bulk of crypto mining is quite centralized around the places with cheap elictricity so it's also mean cheapest source give highest advantage. Unlike actual people mining farms can be placed right next to power source so it's easier to use Nuclear / Wind / Solar / Hydro for such purposes.

> Unlike actual people mining farms can be placed right next to power source so it's easier to use Nuclear / Wind / Solar / Hydro for such purposes.

While electricity transportation is an issue, it's not a huge one compared to the likes of storage and actually having something generating electricity. And, as it turns out, a lot of the mining farms just use coal (https://decrypt.co/43848/why-bitcoin-miners-dont-use-more-re...), with only around 40% of the energy coming from renewables. Even if they were only using renewables, it's still not zero carbon, since renewables also need to be built & since the total power consumption is increased, older coal plants might be used for longer.

For something, where the economic value is comparatively low.

Re: Nvidia Limits RTX 3060 Hash Rate

#184

Post by my123 »

iforgotpassword wrote: post #173
throw14082020 wrote: post #86

Earlier quoted context omitted.

I appreciate this move to make GPUs more available for non-crypto users. As someone who wants to buy an AMD GPU to run my Ryzen machine, I have been waiting 2 weeks because there is no supply of GPUs at the RRP price. I can only buy the 2 year old models for double the price they sold for.

We have a global chip shortage. NVidia isn't magically pulling more GPUs out of their asses. Yes as they claim some chips might be defective in a way that makes them unsuitable for a graphics card but still work as a mining chip, but if you believe that they won't redirect perfectly fine chips into mining card production if demand permits it, just because they care so much about gamers and not their shareholders, I g…

The mining GPUs that they announced aren’t based on Ampere but on Turing AFAIK from the hash rate numbers that they gave.

Not even the same manufacturing process...

Re: Nvidia Limits RTX 3060 Hash Rate

#185

Post by chrisseaton »

josalhor wrote: post #125
chrisseaton wrote: post #28

Earlier quoted context omitted.

Presumably people enjoy investing in crypto. It’s a hobby for many, like gaming.

Are you saying there are people out there that are happier investing in "crypto" than in "stock X" or "gold" or "bonds"? It just makes them happier that that particular name appears on the screen? I don't doubt that is the case, but that kind of reinforces my point. The societal cost of crypto is too high. If we have to justify the electrical consumption of crypto because people enjoy it more when they see its name o…

I think they enjoy being part of a community and seeing a number go up and down. Like Fantasy Football. It’s a hobby.

Re: Nvidia Limits RTX 3060 Hash Rate

#186

Post by chrisseaton »

ChuckNorris89 wrote: post #121
chrisseaton wrote: post #68

Earlier quoted context omitted.

Isn’t that what I already said? Investing as a hobby? Recreation? Like investing in Pokemon cards?

Investing involves spending money with the intent to make financial returns on your investment. Buying assets "as a hobby" that depreciate or generate no income, is just that, buying for a hobby, not investing.

People invest in all sorts of things they don’t seriously expect a financial return from. Like sports teams.

Re: Nvidia Limits RTX 3060 Hash Rate

#187

Post by soulofmischief »

kbumsik wrote: post #116
soulofmischief wrote: post #109

Where is the class-action lawsuit? TOS be damned, people bought a product with an advertised spec and that spec was later intentionally crippled.

Not at all. 3060 is a new card and not released yet.

Oh. Ok. Ignore me. NVIDIA has me a bit sensitive because this is not the first time.

Re: Nvidia Limits RTX 3060 Hash Rate

#188

Post by Toutouxc »

rualca wrote: post #106
vimy wrote: post #92

Earlier quoted context omitted.

Can electronics actually wear out?

> Can electronics actually wear out? It depends what you mean by "wear out". Hardware does fail with time. * https://en.wikipedia.org/wiki/Whisker_(metallurgy) * https://en.wikipedia.org/wiki/Thermo-mechanical_fatigue

The second article mentions thermal cycling -- I always thought that running 24/7 is actually less damaging then cycling (i.e. a gaming rig or a MacBook that does 30->90->30 °C multiple times a day.)

Re: Nvidia Limits RTX 3060 Hash Rate

#189

Post by dylan604 »

m3kw9 wrote: post #101
pornel wrote: post #4

I have no sympathy for miners, but purely from software freedom perspective this is maximally evil: closed-source software that decides what you can use your hardware for. The CMP version is a straight-to-landfill product. As soon as it stops being profitable for mining it will have zero resale value, and become e-waste.

Imagine the PlayStation was able to be used to mine crypto. Game developers depend on gamers to actually play their games, what would you have Sony do? Encourage it or do nothing? Pretty sure their obligations to any shareholders would be to limit it so more gamers can play and buy games for it.

"See, the truth is, they can do whatever they want with them. They bought them motherf**ers." Eazy-E

Re: Nvidia Limits RTX 3060 Hash Rate

#190

Post by bretpiatt »

m3kw9 wrote: post #101
pornel wrote: post #4

I have no sympathy for miners, but purely from software freedom perspective this is maximally evil: closed-source software that decides what you can use your hardware for. The CMP version is a straight-to-landfill product. As soon as it stops being profitable for mining it will have zero resale value, and become e-waste.

Imagine the PlayStation was able to be used to mine crypto. Game developers depend on gamers to actually play their games, what would you have Sony do? Encourage it or do nothing? Pretty sure their obligations to any shareholders would be to limit it so more gamers can play and buy games for it.

"Running on more than 1,700 PS3s that were connected by five miles of wire, the Condor Cluster was huge, dwarfing Khanna’s project, and it used to process images from surveillance drones. During its heyday, it was the 35th fastest supercomputer in the world."*

Back at PS2/PS3 they were used for computing, Sony actually released a kit and had paid staff helping people who wanted to build PS2 supercomputers -- a good friend from college worked on the project at Sony. They had amazing vector processing units in them.

* https://www.theverge.com/2019/12/3/20984028/playstation-supe...

Article from 2003 on PS2 setups https://www.ign.com/articles/2003/05/28/ps2-supercomputer

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