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Nvidia Limits RTX 3060 Hash Rate

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Re: Nvidia Limits RTX 3060 Hash Rate

#251

Post by MAGZine »

qqii wrote: post #65
ThePhysicist wrote: post #19

Earlier quoted context omitted.

Sure, ultimately gaming is entirely optional, but alas it's no different than other pastimes in that regard. Games make a lot of people very happy though and provide employment to millions (?) of people, so personally I'd put it higher in the needs hierarchy than crypto-currencies. Not being able to buy the latest graphics card due to high demand surely is a "first-world problem", but for NVIDIA it might become a pro…

> Is this really good news, or is this just Nvidia playing both sides? To be clear, these CMP cards are still the same exact silicon that goes into GeForce and Quadro graphics cards. They don't have video outputs, cooling should be improved (for large-scale data center mining operations), and they're better tuned for efficiency. But every single GPU sold as a CMP card means one less GPU sold as a graphics card. What'…

They're actively not winning good pr because gamers realize they're being screwed despite nvidia's rhetoric, and miners can now no longer recoup some money from old cards they no longer need by reselling to gamers. And, everyone realizes how shit this is for the environment.

You can say Nvidia is making a smart business decision (questionable) but to say this isn't anything other than a pr disaster imo is incorrect. The people who were the target of their press releases saw right through it.

Re: Nvidia Limits RTX 3060 Hash Rate

#252

Post by windexh8er »

SSLy wrote: post #245
arcticbull wrote: post #242

Earlier quoted context omitted.

> 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. Like literally every other piece of Bitcoin or crypto mining technology. It’s straight to the landfill every 6 months. Bitcoin generates 100 GRAMS of ewaste for every transaction. Every 2 transactions consumes as much energy as driving a Tesla from SF to NY [edit for…

No one mines bitcoin on GPU's anymore, since 8? years.

Yeah this just isn't true. Given the rally in coin prices GPU mining has come back to the black if you have cheap/free access to electricity.

With a 3080 you can make over $12/day in BTC and the electricity costs required are less than $2 in a majority of the US [0].

[0] https://www.nicehash.com/profitability-calculator/nvidia-rtx...

Re: Nvidia Limits RTX 3060 Hash Rate

#253

Post by dahart »

MAGZine wrote: post #244
dahart wrote: post #226

Earlier quoted context omitted.

Wait, how did you arrive at ‘screwing over gamers’ when this whole thing was done to keep 3060 cards available to gamers at reasonable prices?

If they just put these chips into regular cards then they could eventually be resold, to gamers, at a great price. Instead, during a global silicon shortage, nvidia is producing silicon that has one use and then into the trash.

You’re making a huge assumption that they could be resold, even if they’re the same chips. This could be an entirely new market for chips that have yield defects in the graphics units, that will not ever work for games, and were previously already put in the trash.

And your theory doesn’t explain two things: - how this hurts gamers now, and - why if Nvidia just wanted profit and the chips are useful for games, why wouldn’t Nvidia simply do nothing and let the miners buy all the 3060s. Wouldn’t that be the most profitable thing here?

In fact, why wouldn’t Nvidia just hike the price of the 3060? They could make a lot more money on miners if they wanted to, and really screw gamers. But that’s not what’s happening. So from a gamer’s perspective, I just don’t get being mad at Nvidia rather than being mad at the miners who caused this to happen, again.

Re: Nvidia Limits RTX 3060 Hash Rate

#254

Post by qqii »

kortex wrote: post #233
DoctorNick wrote: post #70

Earlier quoted context omitted.

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.

It's 121 TWh/y, world total is on the order of 160,000 TWh/y (primary energy supply), so crypto is less than 1 part per thousand. It's huge for pushing numbers around, but hardly "one of the biggest contributions". https://www.bbc.com/news/technology-56012952 https://en.m.wikipedia.org/wiki/World_energy_consumption

The source for the BBC article (https://cbeci.org/cbeci/comparisons) even gives it as 0.48% of total electricity production and 0.55% of total electricity consumption. The graph it and the article shows us misleading as it only compares electricity and not total energy consumption.

Re: Nvidia Limits RTX 3060 Hash Rate

#255

Post by o-__-o »

marcooliv wrote: post #232
gruez wrote: post #219

Earlier quoted context omitted.

That's not exactly the same because vehicles are essential for everyday life (commuting), whereas GPUs aren't.

well, it's fundamental for my business, GPU overpriced can affect people's life.

I just want to upgrade my 9 year old pc. I’m not looking forward to spending $400 for what should cost $170

Re: Nvidia Limits RTX 3060 Hash Rate

#256

Post by hobofan »

arcticbull wrote: post #242
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.

> 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. Like literally every other piece of Bitcoin or crypto mining technology. It’s straight to the landfill every 6 months. Bitcoin generates 100 GRAMS of ewaste for every transaction. Every 2 transactions consumes as much energy as driving a Tesla from SF to NY [edit for…

> It’s straight to the landfill every 6 months.

Isn't that a trend that has mostly ended or is about to end now? It looks like that was mostly caused by nm process improvements for ASIC chips in the past. With 7/5nm ASIC chips it seems like it should now progress as fast/slowly as the nm process capabilities of chip manufacturers in general.

Not pro-BTC, but this seem very much like faulty interpolation based on a past trend.

Re: Nvidia Limits RTX 3060 Hash Rate

#257

Post by chrisseaton »

ChuckNorris89 wrote: post #214
chrisseaton wrote: post #204

Earlier quoted context omitted.

Well so what? I said people did it as a hobby. They see it as 'investing' like Fantasy Football people are 'playing football'. It's not some mystery!

You clearly have a very deep understanding of finance.

Not sure why you've decided to become personal, snarky, and sarcastic like this?

Re: Nvidia Limits RTX 3060 Hash Rate

#258

Post by chrisseaton »

gsich wrote: post #220
chrisseaton wrote: post #206

Earlier quoted context omitted.

> So I need two machines to used this GPU? No? Why would they need to be in different machines? You can stream from one GPU to another, whether they're in the same machine or not. One GPU may be a cheap little one built into your motherboard. You probably already have it anyway! And even if you did need two machines... again that's how gaming streaming services work. Cheap end-user machines or iPad or just TV, and th…

>No? Why would they need to be in different machines? You can stream from one GPU to another, whether they're in the same machine or not. One GPU may be a cheap little one built into your motherboard. You probably already have it anyway! Thats not really called "streaming". So given that somewhere in this thread there was a youtube link on how to do that, which required testmode in Windows - it's still not practical.

> Thats not really called "streaming".

The data would literally be streamed along a bus from one storage to another. The name ‘streaming’ literally appears in some APIs you’d use to do it!

Re: Nvidia Limits RTX 3060 Hash Rate

#259

Post by roter »

arcticbull wrote: post #242
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.

> 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. Like literally every other piece of Bitcoin or crypto mining technology. It’s straight to the landfill every 6 months. Bitcoin generates 100 GRAMS of ewaste for every transaction. Every 2 transactions consumes as much energy as driving a Tesla from SF to NY [edit for…

I checked your numbers against [0]. Road distance NY -> SF = 2900 miles [1]. Model S mileage is 290Wh/mi [2]. That is 840kW for Tesla against 657kW for a single transaction. This is all order-of-magnitude stuff but... wow.

[0] https://digiconomist.net/bitcoin-energy-consumption/

[1] https://www.google.com/search?hl=en&q=road%20distance%20san%...

[2] https://www.zeviecars.com/browse-cars/tesla-model-s

Re: Nvidia Limits RTX 3060 Hash Rate

#260

Post by hobofan »

ArkanExplorer wrote: post #69

GPU mining is going to become much less attractive this year due to Ethereum moving to Proof of Stake, right? If this is the case (perhaps an expert can chime in) - it makes sense to limit the hash rate now, to prevent these cards being dumped later this year? And to redirect miners towards higher-margin products in the meantime, whilst ensuring better supply for gamers (who are the actual long-term customers).

Next year would be the earliest. That's when phase 3 of the Eth2.0 upgrade is planned to happen (though I'd personally add another year to that).
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