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Nvidia Limits RTX 3060 Hash Rate

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Re: Nvidia Limits RTX 3060 Hash Rate

#381
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.

Is that true? I imagine it's going to be immediately reused for folks who just want cheap CUDA parts.

Re: Nvidia Limits RTX 3060 Hash Rate

#382
post #366

Earlier quoted context omitted.

> even going with 3xxx series is an overkill. Then why do you care at all about the 3060 segmentation into CMP cards?

I dislike companies that pay lipservice or are pretentious like NVDA. On the positive side, I own shares, so I am making money off of it.

> I dislike companies that pay lipservice or are pretentious like NVDA. On the positive side, I own shares, so I am making money off of it.

Finally, the truth of the matter. ;)

Re: Nvidia Limits RTX 3060 Hash Rate

#384
post #375

Earlier quoted context omitted.

> So you are already certain you want to buy a used 3060 next year? I wanted to buy a graphics card to run my models. I don't have the $$$ to buy a datacenter card for it and in general, I am affected by the demand and the scalpers. I was considering 3060 because my models are small and it is faster than my 1080ti, but at 21x9 1080p@60hz, it's not an upgrade for my gaming experience because that is capped by the moni…

> Linus and many others, me included, disagree with your opinion that NVDA is helping gamers. NVDA does not care about gamers, they are a corporation, they care for their bottom line and their stock price. This argument that Nvidia is a company is a straw man. Valve is as much a corporation that doesn't care about gamers as Nvidia. I guarantee that Nvidia cares about gamers, precisely because gamers have a huge influ…

I am referring to this [1] Linus, not Torvalds. Watch the video. You have already decided that it is the miners that are screwing you over, and even when presented with evidence, you to the contrary, you keep shilling NVDA.

[1] https://www.youtube.com/watch?v=XfIibTBaoMM

Re: Nvidia Limits RTX 3060 Hash Rate

#385
post #375

Earlier quoted context omitted.

> Linus and many others, me included, disagree with your opinion that NVDA is helping gamers. NVDA does not care about gamers, they are a corporation, they care for their bottom line and their stock price. This argument that Nvidia is a company is a straw man. Valve is as much a corporation that doesn't care about gamers as Nvidia. I guarantee that Nvidia cares about gamers, precisely because gamers have a huge influ…

I am referring to this [1] Linus, not Torvalds. Watch the video. You have already decided that it is the miners that are screwing you over, and even when presented with evidence, you to the contrary, you keep shilling NVDA. [1] https://www.youtube.com/watch?v=XfIibTBaoMM

Sorry, you're right, I misunderstood the Linus reference as Torvals not Linus Tech Tips.

But so you count reductionist click bait opinion commentary on YouTube as "evidence"? Commentary that comes from a company who's profit motive is driven by clicks and attention? Saying that companies primarily care about their bottom line is tautological, it contains no information. It's still a straw man regarding whether or not segmenting 3060s is a net positive for gamers.

Last chance... you still haven't addressed the first-hand market effect on gamers of trying to get miners to buy something else. You haven't yet backed your claim that this is bad for gamers right now. I've basically agreed with what you said might happen, that the second hand market won't look like what happened in 2018. I can only assume that if ad-hominems are going to be the response to an honest question to what you said, then you don't actually have an answer?

Re: Nvidia Limits RTX 3060 Hash Rate

#386
post #285

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…

The key difference is a manufacturer exerting control over what you're allowed to do with property that is supposedly "yours". That the terms were announced ahead of time will mean little once this becomes commonplace.

Re: Nvidia Limits RTX 3060 Hash Rate

#387

Earlier quoted context omitted.

Yeah this just isn't true. Given the rally in coin prices GPU mining has come back to the black if you have cheap/free access to electricity. With a 3080 you can make over $12/day in BTC and the electricity costs required are less than $2 in a majority of the US [0]. [0] https://www.nicehash.com/profitability-calculator/nvidia-rtx...

Btc mining only works on asics. You can mine ethereum on gpu’s. NiceHash rents your hash rate to buyers, you mine ethereum, while they pay your rewards in btc. If you want ethereum directly, you can mine for a pool like ethermine or flexpool.

The link directly contradicts this. Pooled mining with BTC (ETH too, but also BTC) on a GPU is something you can do and make a modest amount of money right now, to the tune of around $5/day at current prices.

There's a profitability floor on hashes/KWh. When coin's price goes as sky-high as it has been, it pushed GPU mining back into the black. This is likely a temporary state of affairs; either the network difficulty will increase to where only ASICs can break through, or the price will decline.

Re: Nvidia Limits RTX 3060 Hash Rate

#388

Earlier quoted context omitted.

Yeah this just isn't true. Given the rally in coin prices GPU mining has come back to the black if you have cheap/free access to electricity. With a 3080 you can make over $12/day in BTC and the electricity costs required are less than $2 in a majority of the US [0]. [0] https://www.nicehash.com/profitability-calculator/nvidia-rtx...

Btc mining only works on asics. You can mine ethereum on gpu’s. NiceHash rents your hash rate to buyers, you mine ethereum, while they pay your rewards in btc. If you want ethereum directly, you can mine for a pool like ethermine or flexpool.

>Btc mining only works on asics.

No, you can mine Bitcoin on your GPU or CPU. It will work.

Re: Nvidia Limits RTX 3060 Hash Rate

#389
post #101

Earlier quoted context omitted.

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.

They are obligated to shareholders. But i am not a shareholder. I am a gamer who wants to buy a new graphics card. So i am going to scream, boycot and lobby government against them until the needs of thier shareholders bend a little closer to those of thier consumers. Free speech is a necessary part of a free market. Maybe nvidia should be held responsible for thier products. Anyone else up to support a law imposing…

> So i am going to scream, boycot and lobby government against them until the needs of thier shareholders bend a little closer to those of thier consumers

This line of thinking scares me. It’s basically saying “they aren’t doing what I want so let’s use the government to make them do what I want!” How is this freedom? Forcing people to bend to your will though government is the opposite of freedom, and should be used very sparingly

Re: Nvidia Limits RTX 3060 Hash Rate

#390
post #259

Earlier quoted context omitted.

> 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. Like literally every other piece of Bitcoin or crypto mining technology. It’s straight to the landfill every 6 months. Bitcoin generates 100 GRAMS of ewaste for every transaction. Every 2 transactions consumes as much energy as driving a Tesla from SF to NY [edit for…

I checked your numbers against [0]. Road distance NY -> SF = 2900 miles [1]. Model S mileage is 290Wh/mi [2]. That is 840kW for Tesla against 657kW for a single transaction. This is all order-of-magnitude stuff but... wow. [0] https://digiconomist.net/bitcoin-energy-consumption/ [1] https://www.google.com/search?hl=en&q=road%20distance%20san%... [2] https://www.zeviecars.com/browse-cars/tesla-model-s

Can someone explain how transactions are not insanely cost prohibitive for Bitcoin with power consumption figures like those? Those numbers would suggest something like >20 USD. Is it because most transactions in practice actually happen internally on exchanges that avoid putting every individual transaction on the blockchain?

I have limited knowledge of Bitcoin so maybe not quite "explain like I'm five"... but close. :)

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