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Nvidia cripples cryptocurrency mining on RTX 3080 and 3070 cards

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

#741

Post by jcpham2 »

einpoklum wrote: post #658
irq wrote: post #592

Earlier quoted context omitted.

I make $7-8 per day, after electrical costs, letting my 2080ti (normally used for flight sim, but when not in use…) run nicehash’s miner software. My electricity costs $0.0816 per kWh. Not a ton of money but it adds up after a month and the GPU was a sunk cost since I got it for gaming. It literally is profitable, for my situation anyway.

Please stop doing that. You are just wasting energy.

Please continue being butthurt because you don’t understand the value of energy. It’s super cute.

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

#742

Post by jtbayly »

Fuzzwah wrote: post #643
jtbayly wrote: post #590

Earlier quoted context omitted.

So now emergency workers aren’t allowed to be paid. Congrats.

What? "emergency workers" are not "private individuals".

The reasoning against private citizens was that taking risk to make money was inappropriate. That applies equally to emergency workers.

And by the way, many workers during emergencies are just private citizens.

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

#743

Post by Synaesthesia »

Joker_vD wrote: post #728
Reason077 wrote: post #636

Earlier quoted context omitted.

> ”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/…

They're not incentivised to do anything other than maximise their quarterly profits.

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

#746

Post by throwaway0a5e »

Joker_vD wrote: post #728
Reason077 wrote: post #636

Earlier quoted context omitted.

> ”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/…

>Is this actually true or merely a theoretical thought?

On one hand you have FCA (I'm sorry, Stellantis) which leans into its not so positive reputation and does just fine.

The other hand you have Toyota who spend the 90s and 00s digging a goodwill moat in the minds of premium consumers.

Both approaches work but for different demographics. You'll never see a 4Runner with a magnetic company sticker sitting in an industrial parking lot or in less well off part of town and you'll never see a Pacifica in an upscale suburban driveway.

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

#747

Post by optymizer »

ajmurmann wrote: post #410
PragmaticPulp wrote: post #83

Earlier quoted context omitted.

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.

They do sell cards on their website and they also direct users to websites of other manufacturers (like eVGA). The problem is nVidia had no protection against orders being placed by bots at the first second the cards go on sale, so it was virtually impossible for a human to order the cards, so the middle men got all the cards.

Between the high demand with gamers, scalpers with bots, and crypto farms gobbling up _graphics_ cards, the prices went up by an insane amount, and some people did pay double to get their hands on it.

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

#748

Post by rincebrain »

mrb wrote: post #338
Deukhoofd wrote: post #286

Earlier quoted context omitted.

Reading the Nvidia announcement it's not a software upgrade, but a change in hardware. It only affects cards made after late May.

Nvidia did not say it will be a hardware limitation. In fact, they will almost certainly implement it in software. For example a "Lite Hash Rate" card will probably have a bit permanently set to 1 in the firmware/eeprom. The driver will read the bit, and arbitrarily enforce the restriction on such LHR card. This solves potential legal issues of retroactively crippling cards already out in the market, since only new c…

IIRC wasn't that software hack based on NVIDIA accidentally releasing a driver version that supported the 3060 but didn't enforce the LHR?

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

#749

Post by throwaway0a5e »

Danieru wrote: post #736
Joker_vD wrote: post #728

Earlier quoted context omitted.

> 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/…

One of the tactics Nissan ran into big trouble with was their extreme reliance on fleet sales. Fleet sales juiced the profits but killed the used market, thus pushing Nissan's cars down market thanks to reduced resale value. This was an active criticism by investors and journalists during the Nissan down turn. Meanwhile Toyota is able to charge a meaningful premium because their cars retain value. So I do think it is…

You came sooooo close to hitting the nail on the head. The first owners have a huge effect on a resale value of a vehicle.

Who buys Toyotas?

Why are those people's cars more valuable on the used market than corporate fleet's used cars?

Now see if your model explains the used value of a Dodge Journey, oilfield pickup and whatever car grandma owned.

Nissan spend the '00s selling to owners who's used cars are not held in high regard and this affected consumer perceptions of them. Toyota spent the 90s and '00s (and still is) selling to upscale people who treated their cars nicely and it affected consumer perception of them.

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

#750

Post by Reason077 »

ppf wrote: post #731
Reason077 wrote: post #636

Earlier quoted context omitted.

> ”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 Why? They are only incentivised to make more profit, and selling high-tech expensive cars that break after 10 years is great for that. The ones that will bear the cost of that will be either the financing companies (and it would be fun to see the market collapse as the current crop of shiny German cars hits the 2nd hand market and n…

Now days it is often the automakers themselves doing the financing/leasing, so if a model has poor residuals it directly affects their profits.

Even with third-party financing, the anticipated residuals influence the attractiveness of the lease offer. A cheaper lease offer means more sales for the automaker, and thus more profits.

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