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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

#691

Post by Tepix »

akelly wrote: post #441

This won't really do anything for availability or reducing scalper pricing. Miners are a sizeable proportion of sales but far from the majority. Gamers will be able to buy more of these GPUs but less of the non-LHR or AMD GPU's. GPU prices won't actually change. The real reason Nvidia is doing this is that when mining profitability inevitably drops, either because of a crypto price crash or Ethereum moving to Proof o…

I think it will help quite a bit. I've sold two graphics cards in the last year, both of them went to miners.

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

#692

Post by michaelbuddy »

jyrkesh wrote: post #577
lvl100 wrote: post #518

Earlier quoted context omitted.

This is what they said in 2018. Turned out miners WERE primary driver of growth not gamers.

2000 series was expensive and underwhelming, and raytracing wasn't really viable in real-time with other graphical settings cranked up. 3000 series is a huge performance boost, reasonably priced (at least at MSRP), and gives comfortable buffer on lots of scenarios like high-end VR, 1440p at very high FPS, and comfy 4K with all the good stuff turned up. Meanwhile, the GTX 1080 was cheap and could basically play everyt…

18 months ago I could get a 2070 Super for $550 and the 1080 Titan cards were $799 - 900 at launch and long after. The 2000 series was a lot of bang for the buck.

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

#693

Post by dreen »

breakyerself wrote: post #621
akelly wrote: post #441

This won't really do anything for availability or reducing scalper pricing. Miners are a sizeable proportion of sales but far from the majority. Gamers will be able to buy more of these GPUs but less of the non-LHR or AMD GPU's. GPU prices won't actually change. The real reason Nvidia is doing this is that when mining profitability inevitably drops, either because of a crypto price crash or Ethereum moving to Proof o…

Why would a gamer not buy a second hand card from a miner?

tbf I wouldn't buy a cheaper used gaming card from a miner, because of potential ware. Electronics ware off, and a mining card would have been taxed much more than any card used for gaming.

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

#694

Post by Tepix »

cableshaft wrote: post #558

Thanks Nvidia. Not even 6 hours and already all the RTX 3070 computers (of which I was planning to buy one this week) are already sold out just about everywhere, as people are panic buying computers with these cards. Probably going to have to wait months before I have a chance at one of these as a gaming PC again.

This was announced several weeks ago already.

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

#695

Post by 1ark »

imiric wrote: post #560

I don't get it. Are GPUs still profitable for mining anything? Hasn't the industry shifted to ASICs for many years now? I doubt any serious miners are buying up all the GPU stock. The shortage looks more like an effect of rampant scalping which we see with other electronics as well (PS5), and the general chip shortage impacting the supply chain. A cynic might think they're selling off low quality components with a ma…

$10-15 per day, per card mining Ethereum. There are other chains ofc.

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

#696

Post by Tepix »

brianobush wrote: post #475

They are limiting mining of a single coin: Ethereum. Nothing is going to stop mining other coins, which are quite profitable. Also, Ethereum is going through two upcoming events which will change the landscape dramatically. July has EIP-1559 which will reduce ETH mining earnings by 30% and the eventual move to proof of stake in late 2021/early 2022. Both of these events will make other non-ETH coins more profitable.

Ethereum mining is far more profitable than any other coin at the moment.

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

#697

Post by Nursie »

chme wrote: post #660
Reason077 wrote: post #636

Earlier quoted context omitted.

> ”Nvidia has no incentive to make sure the GPU market operates in a sustainable way by supporting a secondary market.” They do in the sense that buyers often consider future resale values when making primary purchase decisions. It’s much easier to justify purchasing a $2500 “enthusiast” graphics card if you’re confident you can get a decent chunk of that back when you sell it in 6-12 months. Similarly, car makers ar…

I would really like to see some data on how much resale value factors in for purchase decisions in regards to gaming equipment in average.

I don't have data, but I do participate in an enthusiasts forum. It's a huge thing for a lot of them, because a top card costs quite a chunk of cash (even before the current shortage), maintaining resale value allows them to stay at the top for a relatively modest outlay every card generation.

Of course right now you can sell 4 year old cards for a profit, the market is crazy.

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

#698

Post by Tepix »

lvl100 wrote: post #130

Too little too late? I think mining has peaked with ETH POS shift weeks away. We will soon find out how much of Nvidia’s business was truly driven by crypto versus what they conveyed to investors in the past.

Where can i find the ETH 2.0 timeline? I was under the impression that the major steps are still one year away.

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

#699

Post by mrweasel »

Clewza313 wrote: post #633
pfisch wrote: post #623

Earlier quoted context omitted.

2080ti's don't cost $2500. ???

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

That's absolutely insane. I'm sure it's a nice card, but it's not worth three payments on my house.

Doesn't all this limit the game publishers as well? Surely someone who is currently developing a game has to consider whether or not to even care that something like a 2080 even exists, it might as well not.

And if games starts to be developed with older and slower cards in mind, to ensure that games can even play them, won't that hurt GPU sales in the future?

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

#700

Post by Tepix »

mrkramer wrote: post #256

Like I said for electricity, aren't you free to do with your GPU whatever you want?! This is anti-consumer they should be sued. Just like ISPs wanted to slow your traffic for services they don't like and didn't succeed hardware producers can not limit what you do with your purchased hardware.

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.
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