They say they want to help miners, but...
Congratulations: They just gave lawmakers another arguments to move against crypto currencies, especially PoS based ones.
Cybercriminals who breached Nvidia issue one of the most unusual demands ever
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Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever
#42>"We decided to help mining and gaming community," I don't understand how this demand helps the gaming community. Wouldn't this drive up the crypto-motivated demand for GPUs even more and hurt the gaming community?
I think the argument is that driver source being open could help the (tiny!) Linux gaming community, but I agree. This is about mining.
Percentage wise it looks small but numbers are impressive. Monthly active steam users using Linux was reported at over 1 million last year
https://www.gamingonlinux.com/steam-tracker/
Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever
#43> Nvidia introduced LHR in February 2021 with the launch of its GeForce RTX 3060 models. Three months later, the company brought LHR to its GeForce RTX 3080, 3070, and 3060 Ti graphics cards. The reason: to make the cards less desirable to people mining Ethereum and possibly other types of cryptocurrencies. What a bizarre move. Why would they do this?
Nvidia as a hardware manufacturer has long lead times and low flexibility. As a result they prefer predictable and dependable sales, not random boom and bust cycles. The gaming market is dependable, mining isn't.
They don't mind selling some GPUs to miners, of course. But mining is disrupting the supply of GPUs to the gaming market which could hurt future growth of the gaming market in general as well as Nvidia's share of it. And Nvidia is a company that has no qualms about artificially segmenting markets to apply price discrimination or otherwise manipulating customers as much as they can get away with. So they are trying to separate the markets for gaming and mining by any means they can think of.
Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever
#44Earlier quoted context omitted.
Quoted post unavailable.
> There is no better metric of human progress than energy usage. True, but when energy is used to manufacture products or services. When you turn energy into money there's no progress involved and no new jobs are created. The only linked activities which would benefit would be energy creation and the manufacture of mining hardware. Everything else will suffer when more and more money will be diverted to buy more ener…
Countries are get kicked out of the global banking system, and WESTERN countries start confiscating bank accounts. Inflation at levels not seen in 30 years.
And that’s just last month.
Bitcoin is a product. It autonomously provides a Service. Sound money. Hard money. Censorship resistance and decentralized peer to peer money. It’s ok if you still are skeptical, but don’t wait too long!
Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever
#45So when do we ban cryptocurrencies already? The only use of this crap is crime.
You realise crypto is more stable then most developing worlds governments? Does that mean the use only use of 3rd world country money is crime, too? What about iphones that expire after 10yrs of usage and get bricked by the manufacturer? is that a better use of your USD?
really, what is the scam? Cause if u invested in bitcoin 10 yrs ago, u could trade that now for a new car without a sweat. They were right. The cryptobros were right that hedge funds would join the game. And they will be right when you can trade that bitcoin for a house while the iphone sits in history.
Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever
#46Earlier quoted context omitted.
Never, actually. Also you are wrong that the only use is crime. There are literally millions of stories in the last 13 years of cryptocurrency that demonstrate this. But of course keep screaming at the sun if you wish.
Millions? I'd struggle to name 3.
I couldn’t name 3 baseball players, but that doesn’t mean none exist. It just means I’m ignorant of baseball.
Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever
#47Earlier quoted context omitted.
Nvida should be able to meet market demand. You just don't like crypto maybe. If Tesla was out of Models 3s you would blame...? Or correctly assess that Tesla should ramp up production.
Nvidia doesn't make their own silicon, they go through TSMC's foundries, which means they're competing for a finite amount of production slots.
I thought their gaming line of 3000 chips is being produced at Samsung
Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever
#48Earlier quoted context omitted.
That’s a pretty hyperbolic response. There’s always a risk that mismanaged use of energy results in us never reaching Kardashev Type 1 (i.e. we destroy the habitability of the planet before we get there).
That is true. However I am responding to another sheer Luddite attitude on a tech forum. Hating a new technology for the sake of it is not progress.
So is liking/hyping a new technology for the sake of it (or for the sake of getting rich).
Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever
#49Earlier quoted context omitted.
Nvida should be able to meet market demand. You just don't like crypto maybe. If Tesla was out of Models 3s you would blame...? Or correctly assess that Tesla should ramp up production.
You realize it's not simple to just build the chip production facilities to facilitate this? It requires major capital investment and planning. Looks like you also missed that the chip shortage is affecting automobiles. Many articles exist that can explain better than I can about why this isn't a quickly resolved issue.
It's not a supply issue.
By design, proof of work requires even more resources as more resources are spent on it. One might say that it expands to consume all available supply.
Because of that, no matter how many cards Nvidia makes, crypto miners will want them all, as long as there is money to be made in crypto.