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Nvidia nerfing mining on their GPUs

So I'm right. Retailers will have to label these new cards as separate items with LHR (Lite Hash Rate).
To all the reps that didn't think this was an issue, screw you. x86 computer components are multi function. If a function is capped our not present compared to a previous iteration, the consumer NEEDS to know.
Honestly don't think some people deserve what they get paid.
 
SkillTim said:
So I'm right. Retailers will have to label these new cards as separate items with LHR (Lite Hash Rate).
To all the reps that didn't think this was an issue, screw you. x86 computer components are multi function. If a function is capped our not present compared to a previous iteration, the consumer NEEDS to know.
Honestly don't think some people deserve what they get paid.
Click to expand...
This reduced hash rate only applies to newly manufactured cards with the LHR identifier and not to cards already purchased.

Pros for staying in the queue!
 
SkillTim said:
So I'm right. Retailers will have to label these new cards as separate items with LHR (Lite Hash Rate).
To all the reps that didn't think this was an issue, screw you. x86 computer components are multi function. If a function is capped our not present compared to a previous iteration, the consumer NEEDS to know.
Honestly don't think some people deserve what they get paid.
Click to expand...
I think it’s a fantastic idea. Hopefully takes them out of the hands of miners. I’d like the nerfing to be done to all RTX cards eventually. If you want to mine, buy the dedicated card.
 
the mining limiter if enough will make these cards unprofitable, and hopefully more accessible for us. i guess i know what I'm getting for xmas.
 
Benass said:
the mining limiter if enough will make these cards unprofitable, and hopefully more accessible for us. i guess i know what I'm getting for xmas.
Click to expand...

Unless they do big drops you will still have the scalpers to contend with, and also the mark up from retailers from RRP for increase in other costs.
 
Robi_uk said:
Unless they do big drops you will still have the scalpers to contend with, and also the mark up from retailers from RRP for increase in other costs.
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But mining also drives the scalping market. Miners are more likely to pay well over the odds than a gamer
 
robfosters said:
But mining also drives the scalping market. Miners are more likely to pay well over the odds than a gamer
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True, but look at the PS5, due to shortage of supply scalpers are keeping them out of hands of the public. So prices might not be as high as now, but still I reckon until supply is equal to demand there will still be some scalping going on.
 
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robfosters said:
I bet the mining discord’s are having a right hissy fit about this.
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Good :D

That's assuming it can't be worked around, or they might wait for nvidia to work around it themselves like last time. There was talk about this being done at the silicon level, but now it seems more like a software fix. Just have to wait and see how things work out as these slowly drip into the market.
 
im not worried about scalpers. normal gamer is mindful of warranties and will never buy gpu from a scalper. once miners out of a picture, the demand-supply should normalize with time.
 
Robi_uk said:
Unless they do big drops you will still have the scalpers to contend with, and also the mark up from retailers from RRP for increase in other costs.
Click to expand...

This is what I've feared. The bottleneck in manufacturing video cards right now is in the chip itself and the demand for the wafers is coming from a multitude of sources, it's not miners exclusively. As well as demand in general being a lot higher than usual. I don't think this is going to result in much of a change in supply to gamers, and therefore not much of an impact on price. Unless there's some serious price limitations imposed by Nvidia onto retailers to prevent scalping. In which case the scalping will be taken to the secondary market.

Even then you have to consider that miners demand for unlocked GPUs is going to put financial pressure on the manufacturers of those cards to continue to produce them, that shifts the competition back to where the botteleneck is which is on bidding for wafer supply. If the price there keeps bidding up as different businesses compete to secure the low supply, that's a cost which will have to be passed onto the consumers of LHR GPUs as well. Typically this kind of market manipulation doesn't end up doing very well for these sorts of reasons.

Also how is this low hash rate achieved, it must be through firmware and drivers right? Anyone want to start the bidding on how long it'll take for that to be cracked?
 
Robi_uk said:
lol did I read right? "We’re reducing the hash rate of newly manufactured GeForce RTX 3080, 3070 and 3060 Ti graphics cards so they’re less desirable to miners."
So 3090 are not effected?
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they're going to nerf the bang for buck cards. 3090 isnt as profitable because of its very high cost and power usage.
 
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