Ethereum mining will be ~30% less profitable due to an "improvement" to the network on this date. I think you'll start to see miners starting to sell hardware.
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Nvidia nerfing mining on their GPUs
- Thread starter _Cereal_
- Start date
Miners will probably move to some other coin so not necessarily a mass sell off. Gamers will be shafted either way since the LHR cards will put a stop to them recovering costs through mining and will not reduce gpu prices. I reckon the limit will be bypassed within a few weeks.
Hopefully most people are refusing to pay scalper prices for a PS5 from the 2nd hand high street, plenty in stock around me from the 2nd hand high street chain. Hopefully they will lower the price they pay to scalpers soon for a PS5
Soldato
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That's not possible to predict as the price fluctuates constantly.
Associate
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To say I'm GPU limited right now would be an understatement, I've got a Ryzen 5950x paired with a HD 4870x2 
but I think the nerf is bad for the industry. Scalpers are profiting from limited supply, they are not causing it.
By creating two product lines, i.e., gaming GPUs and mining GPUs, Nvidea has to decide what percentage of their limited raw chips will be used for each product line. Right now it looks like the mining GPUs will be identical to the gaming ones but without a hash limit; however, what if the popularity of the mining cards (either from miners or public perception of Nvidea supporting the gamer) leads Nvidea down a path of greater differentiation between product lines, i.e., mining cards have no display outputs, no Ray Tracing, no DLSS, etc. This would make the mining GPUs useless to gamers which, a) reduces supply (assuming mining GPUs are still consuming the same manufacturing resources as gaming ones), and b) reduces the supply of second-hand GPUs that could be used by gamers. Both impacts could support increases over time in the MSRP.
but I think the nerf is bad for the industry. Scalpers are profiting from limited supply, they are not causing it.By creating two product lines, i.e., gaming GPUs and mining GPUs, Nvidea has to decide what percentage of their limited raw chips will be used for each product line. Right now it looks like the mining GPUs will be identical to the gaming ones but without a hash limit; however, what if the popularity of the mining cards (either from miners or public perception of Nvidea supporting the gamer) leads Nvidea down a path of greater differentiation between product lines, i.e., mining cards have no display outputs, no Ray Tracing, no DLSS, etc. This would make the mining GPUs useless to gamers which, a) reduces supply (assuming mining GPUs are still consuming the same manufacturing resources as gaming ones), and b) reduces the supply of second-hand GPUs that could be used by gamers. Both impacts could support increases over time in the MSRP.
You mean that it’s making their cards more valuable
Associate
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A trifling effort, but an effort nonetheless. Keep it up Nvidia.
It's not necessarily about the consumer.
Not labelling the cards would inevitably lead to a returns nightmare for retailers. If someone wants an unlocked card and gets an LHR instead, chances are they're going to return it.
Soldato
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Nvidia have said zero limiters on their cards. Good luck at getting one, you will have to be mugged by AIB pricing.
retailer tests the card in games and if its fine then they can refund minus restocking fee. teaches the miner a lesson.
Associate
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Hopefully this will go well with the proposed change to Ethereum mining:
https://www.pcgamer.com/ethereum-set-to-kill-graphics-card-mining-in-the-upcoming-months/
https://www.pcgamer.com/ethereum-set-to-kill-graphics-card-mining-in-the-upcoming-months/
Will this cause all the non LHR cards to go end of life ?
Except... laws exist.
Like the UK's Distance Selling Regulations, which require that retailers offer the option to cancel the order and return the goods up to 14 days after delivery without any need for the customer to give a reason. At worst, the customer has to pay return postage. The retailer still winds up with an "Open Box"/"B-Grade" product.
not confirmed, we know that Nvidia aren't completely stopping production of the full hash rate GPU right away but LHR is already the majority of their production and we believe that they plan to phase it out completely for retail product.
which were superseded by Consumer Contracts Regulations 2013, which do give the reseller the option to reduce the refund value if the product is returned in condition which means that they would lose money when reselling it.
Permabanned
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People banking on Eth changes or Nvidia nerfing Eth rates killing mining are probably going to disappointed. There are other coins available right now with different algorithms that are not that far off Eth profitability.
Apologies, wrong name.
However, that's not correct. Or rather, you've stopped short of the full requirement, which states:
"If (in the case of a sales contract) the value of the goods is diminished by any amount as a result of handling of the goods by the consumer beyond what is necessary to establish the nature, characteristics and functioning of the goods, the trader may recover that amount from the consumer, up to the contract price"
Good luck arguing that it isn't necessary to install a GPU in to a system in order to "establish the nature, characteristics and functioning" of the card...
correct, I wasn't trying to mislead, I just didn't think it necessary to go into detail since you appeared not to be aware of CCR's changes..
However, as you were attempting to correct Cyber-Mav, the point does still kinda stand. Strictly speaking, he was right, since giving the user the opportunity to "establish the nature, characteristics and functioning" would involve testing gaming performance (for which the product is designed) and not mining performance. If they user sent back goods in less than new condition claiming that the performance was not as expected, that then opens them up to the charge if the reseller chooses to check their claims.
But lets not get pedantic, we'll take the thread off topic really quickly.