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Nvidia Limits RTX 3060 Hash Rate

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Re: Nvidia Limits RTX 3060 Hash Rate

#121

Post by ChuckNorris89 »

chrisseaton wrote: post #68
ChuckNorris89 wrote: post #44

Earlier quoted context omitted.

>investing in crypto Crypto is an investment the same way $GME or playing the roulette is an investment. Better term would be speculating or gambling. Nothing wrong with either, but let's call it what it is.

Isn’t that what I already said? Investing as a hobby? Recreation? Like investing in Pokemon cards?

Investing involves spending money with the intent to make financial returns on your investment.

Buying assets "as a hobby" that depreciate or generate no income, is just that, buying for a hobby, not investing.

Re: Nvidia Limits RTX 3060 Hash Rate

#122

Post by dantillberg »

vimy wrote: post #92
oakesm9 wrote: post #88

Earlier quoted context omitted.

Gamers will generally try to avoid buying preowned graphics cards that have been used for mining. Running them 24/7 at full pelt tends to “age” they quicker than one that’s just been used for gaming.

Can electronics actually wear out?

As someone with experience running a GPU mining farm for ~2 years, my anecdote: I had about 5% of cards break down during that time, and the majority of those were just fan failures.

Re: Nvidia Limits RTX 3060 Hash Rate

#123

Post by johnday »

gruez wrote: post #118
m3kw9 wrote: post #101

Earlier quoted context omitted.

Imagine the PlayStation was able to be used to mine crypto. Game developers depend on gamers to actually play their games, what would you have Sony do? Encourage it or do nothing? Pretty sure their obligations to any shareholders would be to limit it so more gamers can play and buy games for it.

>Pretty sure their obligations to any shareholders would be to limit it so more gamers can play and buy games for it. It's not really the same because playstations are sold at break-even or at a loss with the expectation that follow-up revenue would make up for it. On the other hand no such dynamic exists for nvidia. For them, sale to a miner is the same as a sale to gamer.

This may look true from the perspective of a single sale, but in the long term this just doesn't hold up. NVIDIA builds a strong and long-held reputation with gamers, and are a well renowned name in the field. If they made cards for miners at the detriment of gamers, they risk losing that valuable market position.

Re: Nvidia Limits RTX 3060 Hash Rate

#124

Post by gruez »

IMTDb wrote: post #82
Havoc wrote: post #20

Earlier quoted context omitted.

Good point re landfill - haven't seen anyone else raise that

So people are going to build entire data centers to look for combination of bytes that yield a hash that is funny looking. And when it doesn't become profitable to do so anymore, the e-waste issue it generates is somehow the fault on the chip maker ?

>And when somehow it doesn't become profitable to do so anymore, the e-waste issue it generates is somehow the fault on the chip maker ?

Well yeah, because the alternative would be that the miners dump them on the secondary market to gamers.

Re: Nvidia Limits RTX 3060 Hash Rate

#125

Post by josalhor »

chrisseaton wrote: post #28
josalhor wrote: post #21

Earlier quoted context omitted.

> Does anybody else think that the "mining is bad for the environment and gamers can't buy the cards" argument is a bit weird? After all, if all these cards weren't used for mining but for gaming, wouldn't the environmental outcome be the same? I never had that specific opinion, but I have another point of view. Games bring inherent value to the table. That is, if you didn't play games you would be reading a book, go…

Presumably people enjoy investing in crypto. It’s a hobby for many, like gaming.

Are you saying there are people out there that are happier investing in "crypto" than in "stock X" or "gold" or "bonds"? It just makes them happier that that particular name appears on the screen?

I don't doubt that is the case, but that kind of reinforces my point. The societal cost of crypto is too high. If we have to justify the electrical consumption of crypto because people enjoy it more when they see its name on their screen, we are clearly doing something wrong.

Re: Nvidia Limits RTX 3060 Hash Rate

#126

Post by IshKebab »

hahahahe wrote: post #89

I am convinced Nvidia is deeply involved in the crypto space more so than they care to admit. I can’t wait until Apple matches or surpasses Nvidia so we don’t have to listen to Jensen’s lies quarter after quarter about how insignificant crypto mining is to their business.

Yeah this is pretty clearly price differentiation. nVidia want trying to sell the same product to gamers and to miners but miners can afford much higher prices. So they create an expensive mining card, and then try and stop miners from using the cheap graphics cards.

They've already done it for AI. This is just doing the same thing for crypto.

Re: Nvidia Limits RTX 3060 Hash Rate

#127

Post by Hedepig »

martinald wrote: post #13
pornel wrote: post #4

I have no sympathy for miners, but purely from software freedom perspective this is maximally evil: closed-source software that decides what you can use your hardware for. The CMP version is a straight-to-landfill product. As soon as it stops being profitable for mining it will have zero resale value, and become e-waste.

Surely it would be worth the same as the normal RTX 3060? It will have the same use for gaming?

I might be wrong but I do not believe these are usable as "normal" graphics cards

Re: Nvidia Limits RTX 3060 Hash Rate

#128

Post by gruez »

DoctorNick wrote: post #70
qqii wrote: post #47

Earlier quoted context omitted.

How so? Take this excerpt from the article: > Nvidia does state that these GPUs "don't meet the specifications required of a GeForce GPU and, thus, don't impact the availability of GeForce GPUs to gamers." Frankly, that doesn't mean much. What does Nvidia do with a GPU that normally can't be sold as an RTX 3090? They bin it as a 3080, and GA102 chips that can't meet the 3080 requirements can end up in a future 3070 (…

Because cryptocurrency mining is now one of the biggest contributors to climate change. It is killing the planet. It is a moral imperiative to shut it down by any means necessary.

gp's point is that even though it might have a positive effect on climate change, the decision was likely not made for altruistic reasons. It's like the apple charger debacle from a few months ago.

Re: Nvidia Limits RTX 3060 Hash Rate

#129

Post by oarsinsync »

lwhi wrote: post #79
pornel wrote: post #4

I have no sympathy for miners, but purely from software freedom perspective this is maximally evil: closed-source software that decides what you can use your hardware for. The CMP version is a straight-to-landfill product. As soon as it stops being profitable for mining it will have zero resale value, and become e-waste.

I agree. It's a bad move. Provide a better product for mining .. don't cripple what's out there. This feels similar to when Nurofen tried to repackage generic drugs for different types of pain. I.e. ultimately a branding exercise. -- Edit: spelling and s/paracetamol/generic drugs

> Nerofen tried to repackage generic paracetamol

Nurofen, and ibuprofen. I assume it's a winning strategy as the products have been on sale for an (un)reasonable amount of time in some countries now.

Re: Nvidia Limits RTX 3060 Hash Rate

#130

Post by Retric »

ShinyRice wrote: post #96
oakesm9 wrote: post #88

Earlier quoted context omitted.

Gamers will generally try to avoid buying preowned graphics cards that have been used for mining. Running them 24/7 at full pelt tends to “age” they quicker than one that’s just been used for gaming.

That is not quite true. Miners that know what they're doing will undervolt their cards in order to improve power efficiency, which makes cards run cooler and at lower power.

You can’t tell from an eBay listing that a given card was undervolt or overclocked. On average it’s far more risky than buying a gamers card which, so their best avoided.

Also, undervolting isn’t always the correct choice it depends on how valuable the coin being minded is relative to energy costs. Someone mining in their dorm room for example may not be paying based on electricity useage.

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