Nvidia 3060 release date and time

[Martini1991]

I’ve even being doing some testing on products here, for example we had 200pc on Strix 3070 OC and we put them live in the 3D Printer section on the website, we gave no heads up and told no one we were doing it and yet within two minutes we had sold around 300 units!

These launches are total madness now it’s easily possible to take around 5000 orders within around ten minutes. Even with products being told to remove when sold out the fact their is 100’s if not 1000’s trying to order the product all within the same seconds it’s impossible to prevent over selling.

As I said earlier in thread we will start selling our stock sometime in March or even April as I shall wait until we have a few thousand in stock as that is the only way we can prevent over selling and keep product online for 5-10 mins.

Let’s all put Covid behind us and hope the madness calms down when lock down ends and that both AMD and NVIDIA can get more miners focusing on dedicated mining products and not the gaming cards.

But I personally feel the rest of this year will continue this trend! If Bitcoin hits the projected $350,000 by end of year well this madness won’t be ending.

Haven't the part alert sites now updated to catch your cards in those sections?
I think they need moving again.

 

[Joxeon]

Haven't the part alert sites now updated to catch your cards in those sections?
I think they need moving again.

This is the problem, all those alert sites people sit on mean stock will never build up, half of the people on them even got GPUs by now but will still try to buy more when anything pops up as they have become conditioned.

 

[AWPC]

Nvidia need to make drivers & BIOS so these cards are not miner friendly in any way shape or form & decide do they want to still be in business for years to come! Gamers will still buy the GPUs if they need one but miners will just move onto something else!

Nvidia need to do something soon as well once AMD catch up with how many cards they can make Nvidia are going to be sitting on a lot of unsold stock once demand eventually goes away!!

 

[4K8KW10]

AMD's upcoming RX 6700 XT will be at least 20% faster, while RX 6700 should fall somewhere ~+5%, and this thing here will trade blows with Radeon RX 6600 XT.

 

[SirMX5Alot]

This mining craze is absolutely meaningless - I have seen an owner of a computer store with some slow cards such as GTX 1060 in a farm arranged 16 pcs and barely making the electricity cost.

Why do they even bother?

Yeah, but say you're a uni student in halls where bills are included? Suddenly it's all profit.

 

[Kurgen]

Yeah, but say you're a uni student in halls where bills are included? Suddenly it's all profit.

or some nerd hiding a mining rig in corporate coms room.

or just sling a couple of cables on the overhead. or tap into the xmas light socket on the lamp post

 

[Phixsator]

This mining craze is absolutely meaningless - I have seen an owner of a computer store with some slow cards such as GTX 1060 in a farm arranged 16 pcs and barely making the electricity cost.

Why do they even bother?

It's fairly simple really... If you make 2 bucks a day after power has been paid that's around 730 bucks a year.. Not much... however everyone and their crypto mother are expecting bitcoin to increase between 7 and 10 fold within a reasonable timeframe. Now your investment is worth between 5000 to 7300 USD if that happens. Suddenly not that small of an amount and considering people are losing their business and jobs I understand the craze to find some passive way of making more money.

 

[McPhee]

This mining craze is absolutely meaningless - I have seen an owner of a computer store with some slow cards such as GTX 1060 in a farm arranged 16 pcs and barely making the electricity cost.

Why do they even bother?

It can't be that bad, surely? A 1060 6GB should do about £2/day at current prices, less about 1.6kWh of electricity. For 16 cards, that would be £36/day for ~£5.50 worth of electricity.

Then there's the speculation side if you hold the coin. Over six months, these cards will have mined £6.5k worth of coin at current prices. That could easily be worth anywhere between £3k and £30k by then, depending on what happens to prices. Even if it's only worth £3k, the electricity bill is only 1/3rd of that.

 

[SirMX5Alot]

or some nerd hiding a mining rig in corporate coms room.

or just sling a couple of cables on the overhead. or tap into the xmas light socket on the lamp post

Yeah, exactly. Student was just an example, not having a go at them specifically.

 

[Jimmy Weirdarms]

£3k and £30k

Or £30, if there's another epic crash. But I'm sure it's different this time.

 

[McPhee]

Or £30, if there's another epic crash. But I'm sure it's different this time.

I don't remember BTC dropping by 99.55% before? The last big drop wiped out 55% of its value, followed by a slow decline down to 20% of peak. Even at its lowest point after the 2017 bubble, it was still worth almost 3x more than it was at the start of 2017.

99.55% would be "game over". Only way we're getting close to that is if something major happens, causing crypto to become essentially worthless.

 

[Jimmy Weirdarms]

Only way we're getting close to that is if something major happens

True, but it has dropped 85% ish from peaks before, and past performance is no indication of future performance, It's currently already 10x what it was a few months ago, there's no particular reason to believe it couldn't go back there. (there are a variety of major things that could happen, the ongoing lawsuits around tether appear to be in that class)

If bitcoin does go up tenfold we may as well just write off the environment, the associated mining incentives will see the power consumption rocket to India or even USA levels, and that's before all the other PoW coins are taken into account.

 

[McPhee]

True, but it has dropped 85% ish from peaks before, and past performance is no indication of future performance, It's currently already 10x what it was a few months ago, there's no particular reason to believe it couldn't go back there. (there are a variety of major things that could happen, the ongoing lawsuits around tether appear to be in that class)

Well done. You've just parroted my original point back at me after spouting nonsense numbers. The value could vary within quite a significant range.

If bitcoin does go up tenfold we may as well just write off the environment, the associated mining incentives will see the power consumption rocket to India or even USA levels, and that's before all the other PoW coins are taken into account.

Mining is a long, long way from being a significant environmental problem. Is it wasteful? Arguably, yes. Would it be an environmental boon if it were to stop? Sure. But it contributes a tiny fraction of global electricity demand, let alone overall energy demand. You could 10x current mining demand and it would still be responsible for a fraction of a percent of global CO2 emissions.

 

[~>Dg<~]

there has been significant drops in the last couple of days hopefully this may help. the thing is now some will just hold now as theyve had a taste and can see what may happen.

 

[Jimmy Weirdarms]

Well done. You've just parroted my original point back at me after spouting nonsense numbers. The value could vary within quite a significant range.

The point was it could quite easily vary a much more significant amount than you're quoting there. You said -

these cards will have mined £6.5k worth of coin at current prices. That could easily be worth anywhere between £3k and £30k by then

Actually if we look at prior drops, that £6.5K of BTC could well be worth less than a grand.

Mining is a long, long way from being a significant environmental problem.

Sure. But it contributes a tiny fraction of global electricity demand

This is just not true any more. It's grown, and now represents the electricity demand of a mid-sized country.

You could 10x current mining demand and it would still be responsible for a fraction of a percent of global CO2 emissions.

10x the current mining demand would put its power usage around that of India, a country of a billion people.

This is not insignificant. This is not "not a problem".

 

[McPhee]

The point was it could quite easily vary a much more significant amount than you're quoting there. You said -

Actually if we look at prior drops, that £6.5K of BTC could well be worth less than a grand.

In 2017, BTC peaked around £10,500. Six months later it was worth £4,500. That's a 57% drop. The largest six month fall the currency has ever seen.

This time, the peak was £40,000. We've already dropped to £34,000. If the same trend were followed, BTC worth £6,500 today would be worth around £3.2k by mid-August.

This is just not true any more. It's grown, and now represents the electricity demand of a mid-sized country.

10x the current mining demand would put its power usage around that of India, a country of a billion people.

This is not insignificant. This is not "not a problem".

Global electricity demand is around 24PWh annually. Bitcoin is estimated to use 130TWh, if mining remains at current levels long-term (which, per your other argument, it won't). This puts Bitcoin's estimated electricity demand at 0.0054% of global electricity demand.

Global CO2 emissions are estimated to be around 59.1Gt. Of this, energy use is responsible for 33.1Gt. Of this, electricity production is responsible for 8.16Gt. If Bitcoin mining used the global average electricity emissions intensity of 340g/kWh, it would be responsible for 0.0442Gt of CO2 from electricity production. That's 0.00075% of global CO2 emissions. So exactly as I wrote; it's a problem, but it's a drop in the ocean compared to other causes of pollution.

Global CO2 Trends 2019
Global Energy Outlook 2019

Electricity production is relatively clean compared to transport and construction. And it's getting cleaner at a faster rate than other sectors. Electricity use isn't the area people need to worry about. For the vast majority of us, the most damaging thing we do day-to-day is drive.

 

[FoxEye]

Why do they even bother?

FOMO.

Don't forget Bitcoin is going to hit £350k this year and make them all 5-figure returns, at the very least!

 

[SirMX5Alot]

In 2017, BTC peaked around £10,500. Six months later it was worth £4,500. That's a 57% drop. The largest six month fall the currency has ever seen.

This time, the peak was £40,000. We've already dropped to £34,000. If the same trend were followed, BTC worth £6,500 today would be worth around £3.2k by mid-August.



Global electricity demand is around 24PWh annually. Bitcoin is estimated to use 130TWh, if mining remains at current levels long-term (which, per your other argument, it won't). This puts Bitcoin's estimated electricity demand at 0.0054% of global electricity demand.

Global CO2 emissions are estimated to be around 59.1Gt. Of this, energy use is responsible for 33.1Gt. Of this, electricity production is responsible for 8.16Gt. If Bitcoin mining used the global average electricity emissions intensity of 340g/kWh, it would be responsible for 0.0442Gt of CO2 from electricity production. That's 0.00075% of global CO2 emissions. So exactly as I wrote; it's a problem, but it's a drop in the ocean compared to other causes of pollution.

Global CO2 Trends 2019
Global Energy Outlook 2019

Electricity production is relatively clean compared to transport and construction. And it's getting cleaner at a faster rate than other sectors. Electricity use isn't the area people need to worry about. For the vast majority of us, the most damaging thing we do day-to-day is drive.

Unless my maths skills have completely deserted me (always a possibility), your maths is out by a factor of 100.
130 / 24000 *100% = 0.54%
So as Jimmy stated it's already a significant contributor.

 

[McPhee]

Unless my maths skills have completely deserted me (always a possibility), your maths is out by a factor of 100.
130 / 24000 *100% = 0.54%
So as Jimmy stated it's already a significant contributor.

Oops Made that same error further down too.

Still, 0.075% of global CO2 is a drop in the ocean compared to transport, steel making, concrete production. Even the world's data centres, which last I read used something like 4% of global electricity.

Point is, "If bitcoin does go up tenfold we may as well just write off the environment" is a ridiculous statement. 44.2Mt CO2 is roughly a third of what the UK transport sector puts out each year.

 

[Sasahara]

Still, 0.075% of global CO2 is a drop in the ocean compared to transport, steel making, concrete production. Even the world's data centres, which last I read used something like 4% of global electricity.

You also forgot to mention over half of bitcoin mining is done with cheap renewable energy form china hydro and Iceland geothermal production.