AMD refuses to limit cryptocurrency mining: We will not be blocking any workload
1–10 of 55 posts
Re: AMD refuses to limit cryptocurrency mining: We will not be blocking any workload
#2That's ok, just make more cards.
Re: AMD refuses to limit cryptocurrency mining: We will not be blocking any workload
#3Wait, so there are people who are expecting hardware manufacturers to dictate to users what their products can or cannot be used for? Is this the war on general purpose computing I've been hearing about?
Re: AMD refuses to limit cryptocurrency mining: We will not be blocking any workload
#4This would mean a lot more if ROCM worked on these cards. These cards are capable of a lot but the software stack (OpenCL) leaves a lot to be desired.
I don’t know what AMD is doing, to be honest. You would think that they’d want to get this all working ASAP so that they can serve as an alternative to nvidia for ML and gpgpu.
I guess there’s so much demand for Nvidia between ML and cryptocurrency and gaming that AMD having feature parity with nvidia in only one subcategory (gaming) is enough to still sell all their production capacity.
Re: AMD refuses to limit cryptocurrency mining: We will not be blocking any workload
#5Honest question...why are either AMD(or Nvidia) or retailers not raising their prices until stocks build?
It seems like econ 101, prices rise when demand outstrips supply. But that isn't happening at the retail level. Instead scalpers are buying them en masse, and doing the price fixing.
Something I've always wondered, but wasn't sure who to ask that would know nuances of doing so.
Re: AMD refuses to limit cryptocurrency mining: We will not be blocking any workload
#6Honest question...why are either AMD(or Nvidia) or retailers not raising their prices until stocks build? It seems like econ 101, prices rise when demand outstrips supply. But that isn't happening at the retail level. Instead scalpers are buying them en masse, and doing the price fixing. Something I've always wondered, but wasn't sure who to ask that would know nuances of doing so.
I assume you mean "aren't".
The reason this happens is because AMD/Nvidia can't sell for $X to person A and $X*10 to person B depending on how much they want something (there are some caveats here, such as being able to price discriminate consumers and enterprises, but some distinction must exist within the product for that). As such, if they price all their items at $X*10, they run the risk of not being able to sell their stock - a risk they are taking for no reason, since they already priced in the profit they wanted at $X.
Additionally, the appearance of scarcity actually works in their favor, since it keeps up demand.
Re: AMD refuses to limit cryptocurrency mining: We will not be blocking any workload
#7Honest question...why are either AMD(or Nvidia) or retailers not raising their prices until stocks build? It seems like econ 101, prices rise when demand outstrips supply. But that isn't happening at the retail level. Instead scalpers are buying them en masse, and doing the price fixing. Something I've always wondered, but wasn't sure who to ask that would know nuances of doing so.
I assume you mean "aren't". The reason this happens is because AMD/Nvidia can't sell for $X to person A and $X*10 to person B depending on how much they want something (there are some caveats here, such as being able to price discriminate consumers and enterprises, but some distinction must exist within the product for that). As such, if they price all their items at $X*10, they run the risk of not being able to sell…
Sure, I edited it probably after you started a reply. But what about retailers, like say Best Buy. If they know people are just reselling an item for $1000, why not just price it at that? Do they have contracts preventing that, or would it just be bad PR?
Re: AMD refuses to limit cryptocurrency mining: We will not be blocking any workload
#8Wait, so there are people who are expecting hardware manufacturers to dictate to users what their products can or cannot be used for? Is this the war on general purpose computing I've been hearing about?
Broadly speaking, the issue is that cryptocurrencies drive up demand for GPUs, and that makes them less available/affordable for gamers. If there was a crypto-crippled GPU then it would be exempt from that particular demand.
Re: AMD refuses to limit cryptocurrency mining: We will not be blocking any workload
#9Wait, so there are people who are expecting hardware manufacturers to dictate to users what their products can or cannot be used for? Is this the war on general purpose computing I've been hearing about?
My understanding is that Nvidia's move was universally condemned.
AMD's just taking advantage of Nvidia's blunder.
Re: AMD refuses to limit cryptocurrency mining: We will not be blocking any workload
#10AMD doesn't particularly need to limit RDNA2 mining because those cards are inherently less desirable for miners. RDNA2 is designed around relatively slow memory with a big chunk of on-chip cache to compensate, which works quite well for games but the random memory access pattern of crypto mining blows the cache and bottlenecks on the slow underlying memory bus.
https://www.overclock3d.net/news/gpu_displays/amd_s_rx_6700_...
It's not like AMD is above artificially limiting the performance of certain workloads when it suits them, they do it with CAD applications unless you pay the workstation tax.