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Nvidia Limits RTX 3060 Hash Rate

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Re: Nvidia Limits RTX 3060 Hash Rate

#351

Post by qqii »

dahart wrote: post #268
MAGZine wrote: post #251

Earlier quoted context omitted.

They're actively not winning good pr because gamers realize they're being screwed despite nvidia's rhetoric, and miners can now no longer recoup some money from old cards they no longer need by reselling to gamers. And, everyone realizes how shit this is for the environment. You can say Nvidia is making a smart business decision (questionable) but to say this isn't anything other than a pr disaster imo is incorrect.…

> miners can now no longer recoup some money Ah, you’re a miner? You’re worried about their ability to make money? > gamers realize they’re being screwed How, exactly?

> miners can now no longer recoup some money

When it was no longer profitable miners sold their GPUs on the uses market, here is evidence of that: https://youtu.be/plrsxEGYO-A

> gamers realize they’re being screwed

Linus Tech Tips' video and the /r/hardware discussion puts this best: https://youtu.be/plrsxEGYO-A

Re: Nvidia Limits RTX 3060 Hash Rate

#352

Post by social_quotient »

s3cur3 wrote: post #285
social_quotient wrote: post #169

Earlier quoted context omitted.

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)

I think it’s important to note that the 3060 is not for sale yet. Nvidia is telling everyone up front that this is how it’s going to work. The analogy is improved like this: Ford announces in advance that their upcoming truck requires a certain usage, and if you want whatever special commercial usage, you need to pay a premium. You might be grumpy about the upcharge, but this is a very different situation from them c…

Yeah I thought about commercial usage. And they do generally need a specific license types. Eg I can’t drive a dump truck. But then I started thinking the analogous Tesla v100 or something which is higher priced for commercial application. Wouldn’t it be fair to say nvidia makes the 3060-3090 for gamers and not for commercial rendering farms. So why is using a gaming gpu for autocad really any different than using it for mining.

Implicit somewhere is the economics and supply is that nvidia has made these ans knows people use them for work. What would be our collective thinking if they made the gpu not work for non games?

This would probably increase supply further for the gamers. Commercial users should and would pay more since they are literally profiting from their use.

Miners would buy the edition now meant for them.

Re: Nvidia Limits RTX 3060 Hash Rate

#353

Post by WanderPanda »

kergonath wrote: post #319
WanderPanda wrote: post #303

Earlier quoted context omitted.

Of course it is rooted in law, natural law. Imagine a company makes a decent profit and then decides its goal is not to make so much profit anymore? What do you think would happen? I would vouch for Parkinsons Law kicking in instantly. This would just end up in a waste of resources and misery overall

I think I see what you mean, but natural law is something else entirely. Under that framework, maximising profit for the few at the expense of the rest of society is unjust. https://en.m.wikipedia.org/wiki/Natural_law

Ah didn‘t know that, thanks! (was translating literally from german)

Re: Nvidia Limits RTX 3060 Hash Rate

#354

Post by password321 »

logbiscuitswave wrote: post #342
password321 wrote: post #293

Well at least you could say it potentially helps the environment now that you won't have bunch of gamers crypto mining, or does that not matter the moment there is a drawback that affects us?

I’d argue it’s worse for the environment. These so-called mining cards can’t be used as regular GPUs since they don’t have any outputs - they are compute only. Once they outlive their usefulness they become e-waste since there would be no sustainable secondary market. At least a gaming GPU could be re-sold or otherwise repurposed.

https://www.nvidia.com/en-us/csr/product-recycling/

Re: Nvidia Limits RTX 3060 Hash Rate

#355

Post by jon-wood »

lwhi wrote: post #182
thangngoc89 wrote: post #144

Earlier quoted context omitted.

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.

With the exciting side effect that some people don’t realise they’re taking ibuprofen so they take ibuprofen + Neurofen Back Pain Relief, and end up overdosing.

Re: Nvidia Limits RTX 3060 Hash Rate

#356

Post by csunbird »

ryebit wrote: post #196
galangalalgol wrote: post #179

Earlier quoted context omitted.

How long until gpgpu isn't cost effective for mining? I know a lot of fpgas went on ebay for cheap when the new xilinx line came out. The watt per hash has to be lower for fpgas already. Will the cost of a coin always reflect the current price to make a new one and thus gpgpu will always be a cost effective technique?

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…

GPUs have a resale value on second hand market, ASICs or FPGAs usually do not, unless sold to other miners.

Re: Nvidia Limits RTX 3060 Hash Rate

#357

Post by pmiller2 »

tiborsaas wrote: post #229
pmiller2 wrote: post #38

Earlier quoted context omitted.

> 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.

Crypto isn’t a resource. It’s a certificate that someone, sometime solved a useless math problem.

Re: Nvidia Limits RTX 3060 Hash Rate

#358

Post by PartiallyTyped »

dahart wrote: post #295
PartiallyTyped wrote: post #273

Earlier quoted context omitted.

> And your theory doesn’t explain two things: - how this hurts gamers now, and - why if Nvidia just wanted profit and the chips are useful for games, why wouldn’t Nvidia simply do nothing and let the miners buy all the 3060s. Wouldn’t that be the most profitable thing here? No it is not. If they mis-predict when the mining craze ends, they will be stuck with a huge inventory and no way to deal with it. The reason the…

Strange theories on top of strange theories. The GTX 1080 is good enough forever? People are using 1080p forever? Games are staying put with the fidelity and textures and poly counts they had 5 years ago, and not improving any more? Last time I checked, there weren’t all that many games that run at 60Hz 1080p and never dip.

What are you talking about here? My argument is rather simple and you are wilfully misinterpreting it to make your statement. If you want to game, at 1080p, there is very little reason to spend money on a big upgrade, even going with 3xxx series is an overkill.

> Last time I checked, there weren’t all that many games that run at 60Hz 1080p and never dip.

CITATION NEEDED.

The 3060ti is benchmarked at 4k hitting mid to low 50s in high settings in Shadow of the Tomb Raider and hitting 100fps at 1440p with 0.1% minimums at 90fps.

Re: Nvidia Limits RTX 3060 Hash Rate

#359

Post by icelancer »

hobofan wrote: post #260
ArkanExplorer wrote: post #69

GPU mining is going to become much less attractive this year due to Ethereum moving to Proof of Stake, right? If this is the case (perhaps an expert can chime in) - it makes sense to limit the hash rate now, to prevent these cards being dumped later this year? And to redirect miners towards higher-margin products in the meantime, whilst ensuring better supply for gamers (who are the actual long-term customers).

Next year would be the earliest. That's when phase 3 of the Eth2.0 upgrade is planned to happen (though I'd personally add another year to that).

Agreed. Vitalik time = Valve time. I figure two years, Q1-Q2 2023 is most likely.

Re: Nvidia Limits RTX 3060 Hash Rate

#360

Post by qqii »

dahart wrote: post #331
qqii wrote: post #323

Earlier quoted context omitted.

You're taking his words out of proportion. Just by looking at the steam hardware survey you'll see that the majority of gamers buy mid range cards and own 1080p monitors. The most popular games aren't the latest AAA titles either. There isn't a game option survey but I'd bet most gamers with mid range cards run AAA games on medium as they value being able to play over a beautiful slideshow.

An Ampere mid-range card is different than a Pascal mid-range card, 3 or 4 generations older depending on how you count. > I'd bet most gamers with mid range cards run AAA games on medium as they value being able to play over a beautiful slideshow. Exactly, I agree. That statement supports what I said and contradicts parent's comment "the 1xxx series was more than sufficient for 1080p gaming".

The GTX 970 is just borderline whilst the GTX 1080 is "pretty much sufficient" for modern games according to this benchmark: https://youtu.be/bhLlHU_z55U
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