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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

#811

Post by freeflight »

irq wrote: post #592
Clewza313 wrote: post #565

Earlier quoted context omitted.

Is there anything sustainable about Bitcoin? But getting back on topic, Bitcoin miners long since moved to custom ASICs, you can't make a profit with GPUs any more.

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.

That sounds kinda low, at least compared to the 8-9€ that nicehash allegedly pays me out in profitability with my 1080 Ti+5800x at €0.32 per kWh.

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

#812

Post by freeflight »

pfisch wrote: post #776
Clewza313 wrote: post #633

Earlier quoted context omitted.

Oh yes they do: https://www.newegg.com/p/pl?d=2080ti

Scalpers prices are not retail. I have bought around 4 3070s/3080s all for under 1000 at actual retail pricing.

When even retailers have these prices, then those are the prices.

> I have bought around 4 3070s/3080s all for under 1000 at actual retail pricing.

How much time and effort did you spend to accomplish that?

I've signed up with multiple AIBs and Nvidia itself for months to get notified if anything I'm interested in gets in stock. Nvidia stopped selling directly in my region (Europe) a while ago, no AIB has notified me yet. Probably because I picked all the most affordable models, all of which are still more expensive than 3080 FE MSRP, while 3080 FE has not even an official retailer left in mainland Europe.

Sure, I could setup a whole range of alerts and spend all day hanging out in a bunch of discords to catch one of those super rare stock drops.

But tbh that's not the experience I'm looking for when I'm already willing to spend money: I don't want, and most people simply can't, having to organize the rest of their life around the possibility for a purchasing "opportunity" at any given moment.

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

#813

Post by pfisch »

freeflight wrote: post #812
pfisch wrote: post #776

Earlier quoted context omitted.

Scalpers prices are not retail. I have bought around 4 3070s/3080s all for under 1000 at actual retail pricing.

When even retailers have these prices, then those are the prices. > I have bought around 4 3070s/3080s all for under 1000 at actual retail pricing. How much time and effort did you spend to accomplish that? I've signed up with multiple AIBs and Nvidia itself for months to get notified if anything I'm interested in gets in stock. Nvidia stopped selling directly in my region (Europe) a while ago, no AIB has notified me…

I literally just refreshed this page like 5 times a day. That is it. 3070s pop up all the time.

https://www.reddit.com/r/buildapcsales/new/

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

#814

Post by ricktdotorg »

lazide wrote: post #607
cerved wrote: post #583

Earlier quoted context omitted.

can somebody explain?

Cisco and Sun were the go-to big name equipment suppliers to many startups around the dot-com days. A lot of it was stupid expensive (like 150k for a sun server with the performance of a 5k Linux box, or 20k for a basic Cisco router). Well, when the startups folded a huge amount of that equipment got sold for pennies on the dollar and Cisco basically almost went bankrupt - and Sun basically did.

the glory days of just bonkers sun servers! as a young pup consultant fresh in the USA, i was lucky enough to help setup a fully loaded sun enterprise e10000, gigantic (for the time) external disk arrays and a room-sized storagetek powderhorn[0]. it was in dallas for an insurance company ~1997. all in-house apps, crunching credit card risk stuff i think? an interesting quirk is that they were an almost all-X11 shop! they had a really sweet custom CDE setup. not what you'd expect at that type of firm. would love to know what that e10k eventually sold for.

[0] https://iscgroupllc.com/en/supported-equipment/tape-librarie...

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

#815

Post by volta83 »

pizza234 wrote: post #783
volta83 wrote: post #701

Earlier quoted context omitted.

> about their open source support. Which support? They have an official closed-source driver. That's what they support. Parent is complaining that when they run an unsupported third-party driver, it doesn't work as well as the actually supported driver. I think these distinctions are important, becaues NVIDIA is not telling anyone that they have (1) an open source driver, and (2) that this driver is well supported. T…

> I think these distinctions are important, becaues NVIDIA is not telling anyone that they have (1) an open source driver, and (2) that this driver is well supported. this is not correct. this is an extract from an nvidia presentation: > We'll report up-to-the-minute developments on NVIDIA's status and activities, and possibly (depending on last-minute developments) a few future plans and directions, regarding our co…

> this is an extract from an nvidia presentation:

Where do they say that they provide official support for Nouveau ?

They contribute patches to it. They contribute patches to a lot of open source projects. There is a big difference between contributing a patch, and "officially supporting" a project.

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

#816

Post by Fire-Dragon-DoL »

XorNot wrote: post #799
alpha42 wrote: post #599

Earlier quoted context omitted.

I someone who hasn't bought a /new/ card since a 980ti, I find this talk of 'crypto burned gpus' to be a bunch of hooey. 1080ti x3, 1660ti x2, 2080ti x2... (We keep three gamers in cards around here, those aren't 'oh noes, this one fried, get another)... not one of them has had an issue. Nor did the six P104s I picked up for an research project. And those cards smelled.. funny. I'm pretty sure they'd never seen airco…

Its an issue most people don't worry about because they're running exactly 1 GPU, which they wanted because they wanted to game, and if it dies, it dies. But Google, Amazon et al. are very familiar with the concept of hardware lifetimes. Internally, calculations for some algorithms are done based on MTBF values for components - i.e. the cost of doing a thing is a certain number of CPU-hours, and you know a CPU will g…

You and I know different gamers though. People who buy expensive gpus usually push it for 8 to 12 hours per day on average.

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

#817

Post by dorkwood »

Vrondi wrote: post #142
dorkwood wrote: post #99

Earlier quoted context omitted.

Could the price ever reach a point where you would say it infringes on the general public's freedom to purchase? Or are all prices simply greater and greater inconveniences?

No. There is no constitution of any nation which says you are owed the freedom to be guaranteed that a luxury good (like gaming graphics cards) will be available when you feel like buying it. Market scarcity of luxury goods has no infringement on anyone's freedom. Just like market availability of luxury cars or gold jewelry in no way infringes on anyone's freedom.

I see where our difference in opinion lies now. I don't put graphics cards into the same category as gold jewellery. There are entire industries of independent contractors who rely on GPUs to remain competitive, such as VFX and motion graphics artists. If GPUs suddenly cost $10,000 each, it means only a small percentage of the population can afford to break into those industries. That is, people who were once free to enter those industries no longer are. Isn't that an infringement on freedom?

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

#818

Post by Tepix »

mrkramer wrote: post #734
Tepix wrote: post #700

Earlier quoted context omitted.

It's not like nVidia is keeping it a secret. They are telling you ahead of the time that they are limiting the hashrate. If you don't like it, buy something else.

It's still anti-consumer, imagine situation in which self driving car manufacturer hardcodes rules according to which car not drive to certain places because reasons. Products even if specialized can always be used for general purpose that's the beauty of computers and "hacking" after all.

I think consumers that finally manage to buy a card at a decent price will disagree
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