Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

bleepingcomputer.com

Post reply on HN
Print view View original

551–560 of 818 posts

Re: Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

#551

Post by kodt »

akelly wrote: post #441

This won't really do anything for availability or reducing scalper pricing. Miners are a sizeable proportion of sales but far from the majority. Gamers will be able to buy more of these GPUs but less of the non-LHR or AMD GPU's. GPU prices won't actually change. The real reason Nvidia is doing this is that when mining profitability inevitably drops, either because of a crypto price crash or Ethereum moving to Proof o…

Don’t gamers usually frown upon buying cards previously used for mining? It’s like buying a used car that used to be part of a rental fleet.

I suppose demand is high enough that people will buy whatever they can get though.

Re: Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

#552

Post by 8note »

amelius wrote: post #175
warent wrote: post #129

Earlier quoted context omitted.

Probably because it's just not their business. They don't need to confuse their objectives with bitcoin to get rich, they're doing exceptionally well without it

Then why is Elon Musk trading Bitcoins? Tesla makes more money trading Bitcoin than selling cars. https://www.wsj.com/articles/tesla-makes-more-money-trading-...

Its not particularly unlikely that Elon Musk gets imprisoned for running pump and dump schemes

Re: Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

#553

Post by sawjet »

actually_a_dog wrote: post #469
akelly wrote: post #441

This won't really do anything for availability or reducing scalper pricing. Miners are a sizeable proportion of sales but far from the majority. Gamers will be able to buy more of these GPUs but less of the non-LHR or AMD GPU's. GPU prices won't actually change. The real reason Nvidia is doing this is that when mining profitability inevitably drops, either because of a crypto price crash or Ethereum moving to Proof o…

> The real reason Nvidia is doing this is that when mining profitability inevitably drops, either because of a crypto price crash or Ethereum moving to Proof of Stake, the miners will flood the used market and ruin Nvidia's profits for a few quarters. Nvidia is trying to get miners to buy mining-only cards, because those can't be sold to gamers down the line. They'd rather mining cards become e-waste in a few years t…

What is unsustainable about Bitcoin?

Re: Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

#554

Post by fomine3 »

wbraun wrote: post #2

Does this behavior anger anyone else on a deep level? I get that its hard to buy GPUs right now, but this seems like such an attack on general purpose computing. Hardware manufactures already segment features between consumer and busness grade parts that the silicon itself is capable of, such as virtualization, but restricting what algorithms one can run is a whole new level. I am pretty sure my next GPU is going to…

I generally against to restrict what can be calculated, but now I have mixed feelings in this horrible market situation. I wish RTX 4000 series don't implement this restriction.

Re: Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

#555

Post by hsbauauvhabzb »

zeckalpha wrote: post #448
hsbauauvhabzb wrote: post #387

Earlier quoted context omitted.

100% this in the short term, but in the long term workarounds will become harder to find. Have a look at iOS jailbreak history. I just hope they don’t kill functionality which matters for other meaningful purposes, like deep learning.

There’s not money to be earned by jailbreaking iOS that increases in value the harder it is to jailbreak.

Yes, there is currently a ~$1m public bounty, probably more if you know where to look privately. You’d have to check your ethics at the door in both cases, but they do exist.

Re: Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

#556

Post by fomine3 »

munk-a wrote: post #463
humaniania wrote: post #447

Earlier quoted context omitted.

No money in video game piracy? What? https://jolt.richmond.edu/2019/02/09/the-unwinnable-war-on-v...

Eeeeeh, I give a lot less credence to that then I did when I was in college - back then it seemed like everyone was pirating everything (because, facts) but now a days a major consumer for video games is the millennials that have passed the cash vs. free time tipping point of piracy being attractive. Also, reasonably priced services now exist - I used pandora when I was in college and enjoyed it even with how hamstru…

You should check non-developed country.

Re: Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

#557

Post by taftster »

smoldesu wrote: post #397
savant_penguin wrote: post #273

Earlier quoted context omitted.

Except that miners will simply workaround the downgrade software (as they did in the past) and regular consumers will be the only ones with crippled hardware

Nvidia is implementing a hardware fuse system (a-la the Nintendo Switch) to prevent firmware manipulation. I can't speak to how secure these new cards will be, but the Tegra was an absolute pain in the ass to work with. It took a year before people even figured out how the firmware was loaded, much less how to interoperate between custom and official ones without blowing a fuse. To this day, approaching half a decade…

> approaching half a decade

So 4 years?

Re: Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

#558

Post by cableshaft »

Thanks Nvidia. Not even 6 hours and already all the RTX 3070 computers (of which I was planning to buy one this week) are already sold out just about everywhere, as people are panic buying computers with these cards. Probably going to have to wait months before I have a chance at one of these as a gaming PC again.

Re: Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

#560

Post by imiric »

I don't get it. Are GPUs still profitable for mining anything? Hasn't the industry shifted to ASICs for many years now?

I doubt any serious miners are buying up all the GPU stock. The shortage looks more like an effect of rampant scalping which we see with other electronics as well (PS5), and the general chip shortage impacting the supply chain.

A cynic might think they're selling off low quality components with a marketing spin that they're actually helping consumers. With the current insane market prices, any attempt to meet the demand sounds like a great profit opportunity. A cynic might think that, but not me. :) Just take my money, Nvidia.

Post reply on HN