561–570 of 762 posts
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But the RTX 3060 hasn't launched yet?
Sounds like they're using software to artificially limit the capabilities when it comes out.
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But the upkeep cost of protecting the gold is continuous in the same way as bitcoin mining. If you want to own some gold you need to protect it (usually with the state apparatus of violence, which has massive externalities). In other words, if you just mine a physical gold block, you don't really have an asset without the state's (or your own) continual upkeep that keeps it protected from attacks.
> But the upkeep cost of protecting the gold is continuous in the same way as bitcoin mining. This completely misses the point, which was one of magnitude: >> The upkeep cost for Bitcoin is, and by necessity must be, PROPORTIOANAL TO THE VALUE REPRESENTED by Bitcoin. Also, that upkeep cost is 100.00% to protect the value of existing bitcoin. C.f., gold: > If you want to own some gold you need to protect it (usually w…
Hahaha, this can't be real. Will they gimp the RTX-3060 in other applications like machine learning too? Will people who already bought these cards for mining have to watch out for updated drivers or firmware? This is an absolute nightmare scenario which will come back to haunt Nvidia for years. I can't believe they approved this. It'll be interesting to see how games perform on the newly gimped cards people already…
It is already not legal to use consumer cards for ML/AI/datacentre/commercial use according to their EULA and you are not permitted to install drivers at that point. They demand that you get an enterprise card
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That's putting it in the best possible light. Mining gold leaves the world with physical blocks of gold, which has no continuous upkeep cost. "Mining" cryptocurrency leaves the world with an asset that requires continual upkeep (further "mining") in order to maintain that asset. Any significant drop in the network's hashrate opens it up to attacks. The upkeep cost for Bitcoin is, and by necessity must be, proportiona…
But the upkeep cost of protecting the gold is continuous in the same way as bitcoin mining. If you want to own some gold you need to protect it (usually with the state apparatus of violence, which has massive externalities). In other words, if you just mine a physical gold block, you don't really have an asset without the state's (or your own) continual upkeep that keeps it protected from attacks.
This describes Bitcoin too.
I think it's facially absurd to claim that the existing financial system (including military, police, etc) costs anywhere near what bitcoin does, but even if it does, it's irrelevant because bitcoin doesn't provide the same things. Bitcoin is a virtual bar of gold or piece of currency, not a financial system.
"Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets, according to the cryptocurrency data firm Chainalysis"
"“Even sophisticated investors have been completely incapable of doing any kind of management of private keys,” said Diogo Monica, the co-founder of a start-up called Anchorage, which helps companies handle cryptocurrency security. Mr. Monica started the company in 2017 after helping a hedge fund regain access to one of its Bitcoin wallets."
"“This whole idea of being your own bank — let me put it this way, ‘Do you make your own shoes?’” he said. “The reason we have banks is that we don’t want to deal with all those things that banks do.”
Like remembering where the money is!"
https://www.bloomberg.com/opinion/articles/2021-01-12/don-t-...
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How are the highly technical users of HN still this ignorant when it comes to a widely adopted 11 year old technology. The main value coming out of Bitcoin is that it is not regulatable by any party, including nation states. You can take your Bitcoin across borders. No one can stop Bitcoin sales like they did with GME. The whole point is to cut middle men and central authorities out of the picture. There is no other…
Until you want to turn bitcoin back into useful things, you better hope whoever is on the other side of what you want accepts bitcoin. Other wise it's just a number online that you can't eat with.
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By crippling the product for miners, they're increasing the supply for gamers.
What if you are a gamer and you want to mine when you don't play?
All decisions have tradeoffs, and that is a small one.
Have nvidia lost their minds? It's going to take days for mining operations to reverse-engineer the driver and undo this. So commercial operations won't be affected at all. Worse, their detection isn't going to be 100% perfect. What if After Effects does something that looks "kind of" like mining. Is it just going to be crippled? What will nvidia do then? Suggest I buy a Quadro for AE support? This will only penalise…
> This will only penalise average users. How? Currently, average users can't get their hands on any of these cards because they're being bought in bulk by crypto miners. As soon as mining becomes unprofitable, the market will be flooded with cards that have been run 24/7 for months or years, which isn't a recipe for a good experience. The average user can only benefit from getting access to these cards again. nVidia…
They can only test against pre-existing software. If they start penalizing uncommon workloads, this kills innovation in many areas, videogames included.
In one of my projects I'm using GPGPUs for complicated optimizations in CAM/CAE. I don't use any libraries/frameworks. From nVidia's point of views, my compute shaders are extremely uncommon workload. Unwanted too, because I skipped CUDA and their vendor lock-in.
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> skeuomorphism of gold mining I'm gonna steal that one, thanks. :D
That's putting it in the best possible light. Mining gold leaves the world with physical blocks of gold, which has no continuous upkeep cost. "Mining" cryptocurrency leaves the world with an asset that requires continual upkeep (further "mining") in order to maintain that asset. Any significant drop in the network's hashrate opens it up to attacks. The upkeep cost for Bitcoin is, and by necessity must be, proportiona…
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The practical utility of crypto is such a joke when compared to the intended use cases that all of the speculators fawn over. The idea that crypto is a "store of value" seems like meager coping with the fact that transaction rates in a distributed system necessarily must suck compared to what Visa, et. al. are doing with IBM mainframes and racks of x86 hardware contained in the same datacenter (i.e. 1~2ms latency dom…
Okay, does Visa offer distributed consensus and verifiable transactions with no central trusted authority? Then it's an apples to oranges comparison isn't it...? By the same logic, trucks are useless and inefficient because my moped burns 1/100th of the fuel per km. > This is not something that can be solved with current crypto approaches. There are information theory constraints regarding how long it would take to r…
Yes. You sign one receipt at the store with a security camera pointing at you, and are handed a second, matching receipt by the vendor.