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Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

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721–730 of 818 posts

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

#721
Could there be a valid reason for this ?

For example: A trend may be appearing where hackers gain control of the GPUs of unsuspecting users and then mine crypto in the background. The GPU uses more power and slows down given the user a bad experience. Nvidia wants to decrease the value of such hacks and decided to cripple the hardware.

Similarly reducing the incentive for employees to mine with company equipment and electricity.

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

#722
post #507

Earlier quoted context omitted.

Someone learned from the Cisco hardware glut in the dot com crash!

Just don't give them ideas about Cisco's current solution of moving to subscription based licensing network switches

> moving to subscription based licensing network switches

Moving to? Cisco owns Meraki, subscription based licensing is Meraki's entire business model.

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

#723
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…

> Does this behavior anger anyone else on a deep level?

Nah. I shed no tears for the miners. They're in it for profit and their profit is not my problem. Nothing about their business is "general purpose computing."

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

#724

Earlier quoted context omitted.

I think the big difference here is there is no money behind hacking the Switch, it's an interesting problem to a small(ish) subset of people. There's tons of folks that would make actual hard cash off those hacks which will make them much more invested in finding out how to work around the solution.

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

Do game pirates make 10 million from hacking a game?

Because miners do.

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

#725
post #662

Earlier quoted context omitted.

But gaming is fine, that's not a waste of energy at all.

I didn't encourage or discourage gaming. Also, mining means stressing the GPU 24-7, gaming is occasional. ... if you're gaming 24-7, then please stop doing that to, it's not good for your physical and emotional well-being :-(

In reality most mining happen with under-clocked GPU cores (and admittedly overclocked VRAM), and at very stable temperatures. The GPU that is used 24/7 for mining will be far less stressed than a GPU that is powered on and off, and cycles through a lot of thermal changes throughout the day

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

#726
post #233

Earlier quoted context omitted.

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.

Not quite. Arbitrage implies it's not the same market.

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

#727
post #693

Earlier quoted context omitted.

Why would a gamer not buy a second hand card from a miner?

tbf I wouldn't buy a cheaper used gaming card from a miner, because of potential ware. Electronics ware off, and a mining card would have been taxed much more than any card used for gaming.

probably not, read this thread for details, but miners underclock and undervolt for efficiency. Gamers overclock for performance.

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

#728

Earlier quoted context omitted.

> 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…

> ”Nvidia has no incentive to make sure the GPU market operates in a sustainable way by supporting a secondary market.” They do in the sense that buyers often consider future resale values when making primary purchase decisions. It’s much easier to justify purchasing a $2500 “enthusiast” graphics card if you’re confident you can get a decent chunk of that back when you sell it in 6-12 months. Similarly, car makers ar…

> car makers are incentivised to try to ensure their vehicles have decent resale value

Is this actually true or merely a theoretical thought? Because it would seem that car makers are incentivised to ensure their vehicles annihilate a couple days after their warranty expires and/or after a couple of miles after their guaranteed mileage is driven, and comparing e.g. reputation of second-hand cars manufactured in 80es/90es/2000s/10s seems to support it.

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

#729
post #686
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. Taking into consideration that the gamer segment is now well aware that miners and scalpers are ruining their supply, I really hope that when the flood of used cards ha…

I'd rather buy a used card from a professional miner than from an enthusiast gamer. The former card will have run at very stable thermals, while the latter will probably have gone through a lot of thermal stress resulting from heating up and cooling down, and component stress from power on/offs.

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

#730
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…

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…

"Hardware should be available" seems like the kind of axiom that FOSS people would support, especially when the reason for lack of availability is a crypto mining profit motive.
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