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Nvidia Limits RTX 3060 Hash Rate

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Re: Nvidia Limits RTX 3060 Hash Rate

#221

Post by [deleted] »

social_quotient wrote: post #169
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.

Yeah, imagine if this applied to trucks. No one could use one for non truck bed usage. Ford disables ignition if it detects the bed is empty after X concurrent uses or miles. Trucks generally are often wasted (from a green perspective) because people like them not for their intended design utility. Same for single passenger SUV usage etc... (I drive an SUV - not trolling those that do)

[deleted]

Re: Nvidia Limits RTX 3060 Hash Rate

#222

Post by salawat »

loceng wrote: post #78
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.

As the counter point, I, as a consumer of a GPU for non-mining purposes, appreciates the effort so demand is reduced for a product by a certain market segment - and thus allows the price to not be influenced by the demand of a decentralized, global MLM scheme. Also, you just don't buy that hardware - so it's not "what you can use your hardware for" - unless they're retroactively updating drivers to prevent the same u…

You shouldn't be, as this is yet another example of a company exploiting cryptographic signing and information asymmetry in order to lock you out of functional capability that you paid good money for.

That abusive practice is the only thing enabling this kind of business pivot. The pivot also doesn't even achieve what Nvidia claims to be setting out for, because they are splitting already limited capacity to support two distinct product lines thereby halving the overall supply available. If anything, this is just making sure everyone pays inflated prices due to scarcity.

Re: Nvidia Limits RTX 3060 Hash Rate

#224

Post by LMYahooTFY »

loceng wrote: post #78
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.

As the counter point, I, as a consumer of a GPU for non-mining purposes, appreciates the effort so demand is reduced for a product by a certain market segment - and thus allows the price to not be influenced by the demand of a decentralized, global MLM scheme. Also, you just don't buy that hardware - so it's not "what you can use your hardware for" - unless they're retroactively updating drivers to prevent the same u…

>global MLM scheme.

What I'll say is that the absurdity of this trite dismissal presents a large undertaking for anyone to begin to try and teach you what cryptocurrencies are.

Most of the silicon valley billionaires acknowledge it as a promising technology, if that doesn't warrant some serious (read: many hours of difficult reading) consideration than expecting strangers on a message board to help you do it seems a bit entitled.

I'll grant you that trite dismissal of cryptocurrencies in general is quite common on HN.

Re: Nvidia Limits RTX 3060 Hash Rate

#225

Post by sandworm101 »

LMYahooTFY wrote: post #213
sandworm101 wrote: post #159

Earlier quoted context omitted.

Whatever the coin, it is all the same crypto market. The crash will come one day soon and these cards will be in dumpsters.

This comment doesn't even make sense. What does "the same crypto market" mean?

The same as any other industry. The coins are all tied together in the same manner as something like the auto industry, biotech, aviation or real estate. Individual prices can rise and fall on their own merits, but there is a larger tide as investors choose to move their money in/out of the entire sector.

Re: Nvidia Limits RTX 3060 Hash Rate

#226

Post by dahart »

PartiallyTyped wrote: post #175
qqii wrote: post #43

Earlier quoted context omitted.

It will be possible but as your third video suggests the number of cards that'll be used this way and not end up as landfill will be peanuts.

I don't disagree, but I suppose the structure of my comment didn't convey the message correctly, that is, that NVDA is just maximizing profits while screwing over gamers because a) they can get away with it and b) they are an ever decreasing portion of their revenue.

Wait, how did you arrive at ‘screwing over gamers’ when this whole thing was done to keep 3060 cards available to gamers at reasonable prices?

Re: Nvidia Limits RTX 3060 Hash Rate

#227

Post by ryebit »

kortex wrote: post #211
ryebit wrote: post #196

Earlier quoted context omitted.

I think right now biggest earner for GPU mining is Ethereum. And (I think) it's aiming to move to Proof of Stake sometime in next 12-24 months, which kinda time limits the utility of both Eth-specific mining chips, and large investments in GPU mining (unless mining burns GPUs out really fast?). Regardless, most proof of work algorithms are already being optimized with ASICs (ala bitcoin)... Or, like Ethereum's ETHASH…

Proof of stake is the fusion power of crypto. It's been 6-24 months away since what, 2016? I toured Consensys a few years back and at the time it seemed PoS was right around the corner. OTOH, it could be cracked tomorrow and value of dedicated silicon will go off a cliff. So I don't blame the GPGPU crowd for that, before even considering the engineering challenges of silicon/FPGA for eth.

Ethereum's Proof of Stake "beacon chain" is already live, with around $6 billion staked (since launch in december 2020). Next year is just formalizing and testing it taking over from the miners. So despite timeframe, there's little uncertainty about the outcome.

https://beaconcha.in/ is a nice explorer to see beacon chain running live.

Re: Nvidia Limits RTX 3060 Hash Rate

#228

Post by phire »

lwhi wrote: post #178
Jonnax wrote: post #97

Earlier quoted context omitted.

Nvidia PR [1] has stated that it's a bios level feature. And their bioses require signatures. [1] https://twitter.com/bdelrizzo/status/1362619264423747590?s=2...

I remember years ago (we're talking 20 years), it was possible to circumvent chip level batching between Nvidia Geforce and Quadro. Geforce was the consumer range, and Quadro was used for workstation graphics. They both used the same chip .. but a resistor on the board gave the driver an indication of which range the card belonged to.

They have gotten somewhat better at chip security since then.

I remember AMDs Phenom tri-core CPUs being unlockable to quad-core 12 years ago, but nothing really since.

Re: Nvidia Limits RTX 3060 Hash Rate

#229

Post by tiborsaas »

pmiller2 wrote: post #38
josalhor wrote: post #21

Earlier quoted context omitted.

> 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…

> I don't see tangible value in crypto. Crypto is worth what other people are willing to pay for it. If you wanted to invest in an asset that does not depend on the currency you could buy gold. Try convincing any crypto "enthusiast" of that, though. Literally none of them have ever been able to explain to me why cryptocurrencies should have value, but that doesn't stop them from proclaiming it the best thing since sl…

Finite resources have value.

Re: Nvidia Limits RTX 3060 Hash Rate

#230

Post by phire »

ReptileMan wrote: post #139

Hacked drivers coming in 3... 2... 1...

It's a bios/firmware level limitation, and the latest GPUs all have firmware signing.

Not unbeatable, but it would require a much more involved hack than just modifying some drivers. Nvidia have painted a huge target on it, so we will see what happens.

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