Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

Post by eropple » Tue, May 18, 2021, 11:01 PM UTC

orangecat wrote: post #366

Justsignedup wrote: post #254

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To add on: none of it is malicious. its just the market stabalization problem a) let's keep consumer grade stuff stable in price b) let's charge miners 3x, because they willing to pay 3x, and destroy the scalping market which is VERY anti everything. Scalpers hurt literally everyone. c) let's not de-stabalize nvidia's income again when eth drops in value. They don't want to be beholden to a coin's gamble either. Basi…

Scalpers hurt literally everyone. They help people who are willing to pay the higher prices, and they provide a market signal encouraging producers to increase output.

Post by a1369209993 » Tue, May 18, 2021, 11:02 PM UTC

eropple wrote: post #302

akersten wrote: post #123

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If this works (spoiler: it won't, it will be cracked within a month), it will create more e-Waste as miners will toss their no-video-output-mining-only cards after they're no longer the latest tech, instead of being able to resell them to gamers, thinning the used graphics card market, forcing more gamers to buy new from nVidia instead of rebuying old cards online. That makes me angry, it should make you angry too.

This can be just as easier, and probably more truthfully, read as "miners can no longer make the used market a minefield by selling overtaxed consumer cards without disclosing their provenance." Because, yeah, having ex-miner cards burn out is a pretty common thing on the used market. Great! Cryptocurrencies are not inherently good or valuable and cryptocurrency people aren't special and their world-burning habits an…

Post by im3w1l » Tue, May 18, 2021, 11:03 PM UTC

orangecat wrote: post #379

_vertigo wrote: post #145

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It's honestly pretty surprising to me to see how many people on here are supporting this move. That's not what I would expect, I would expect people on HN to object to this move on principle. Maybe my prediction in where most HN commenters stand in principle on this issue is wrong, or just maybe, this is a rare example of a time when the principle (hardware should be free to run at their max capability, not deliberat…

It's honestly pretty surprising to me to see how many people on here are supporting this move. Unfortunately, I'm not surprised. Support for general purpose computing and user freedom has fallen substantially in the last several years. Look at iOS, where many geeks are happy to have a megacorporation tell you what you're allowed to run on "your" hardware.

Post by [deleted] » Tue, May 18, 2021, 11:06 PM UTC

ajmurmann wrote: post #410

PragmaticPulp wrote: post #83

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Prices have been raised. You can buy an RTX 3080 right now if you want. It's just going to cost you $2500 or so because vendors and scalpers are capturing that markup.

Sounds like Nvidia hasn't actually raised the price. They could just auction this off from their website directly and cut out the middle man.

Post by behringer » Tue, May 18, 2021, 11:06 PM UTC

kyboren wrote: post #390

imbnwa wrote: post #233

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I can't believe this is so downvoted. So I, a gaming consumer, have to compete with bots every release because there's so much money in accommodating miner demand for the same cards? That's ridiculous

No, that's arbitrage.