Nvidia to limit hash rate of RTX3060 GPU's

[Humbucker]

it makes sense from nvidia's point of view. they're not making money from crypto as their inventory would've been eaten up regardless. this way they get to gouge the miners for all they can while stemming the flow of second hand cards hitting the market when the next crash happens.

i leave my 3080 on when i'm not at my computer mining and made about 10% off the cost of my card in two weeks since it arrived, but i can't wait for the whole thing to collapse. it's a pyramid scheme and anyone telling you otherwise isn't being honest. if it was truly about the technology then BTC wouldn't be gold standard given how hopeless inefficient and outdated it is.

https://www.pcgamer.com/nvidia-ethereum-mining-limiter-cannot-be-hacked/ - big talk from them here.

 

[Poneros]

Will that help enforce the actual MSRP though? Let's see. I've got my wallet ready.

 

[FoxEye]

Surely if miners and scalpers can get them, so can gamers... I'm pretty sure they all share the same internet

Anybody with common sense would just pay the higher scalped price if they can't find the cards in stock, then use the card for mining while they're in bed and at work. In a few months they would have made back what they lost when they paid the higher price and would then start making profit. Plus they would benefit from having one of the new cards for gaming. Imagine if people had done this 3-4 months ago, they would have almost paid off the entire cost of the card by now

Except those of us who don't like mining, perhaps? There are plenty of reasons not to like it.

 

[no_1_dave]

Except those of us who don't like mining, perhaps? There are plenty of reasons not to like it.

People can't complain about scalpers when a viable solution is offered but they don't do it simply because they don't want to.

Adding up all the time I'm asleep, at work, having a shower, having dinner, watching a movie etc will leave me with only 2-3 hours to game each evening (if that). That means my 3080 is mining for between 20-22 hours a day so is earning between £8-£9 daily. That's between £240-£270 per month for doing next to nothing... It's basically free money and would easily cover the extra cost of buying a card in today's market.

The only problem I see, is people prefer to sit around complaining instead of doing something about it

 

[Jerry64]

 

[BS Dave]

https://etherscan.io/chart/difficulty

If thing continue this way miners might start to back off soon, and 2nd hand old cards won't be turning a profit either

 

[Joxeon]

People can't complain about scalpers when a viable solution is offered but they don't do it simply because they don't want to.

Adding up all the time I'm asleep, at work, having a shower, having dinner, watching a movie etc will leave me with only 2-3 hours to game each evening (if that). That means my 3080 is mining for between 20-22 hours a day so is earning between £8-£9 daily. That's between £240-£270 per month for doing next to nothing... It's basically free money and would easily cover the extra cost of buying a card in today's market.

The only problem I see, is people prefer to sit around complaining instead of doing something about it

And what if the scalped card with no warranty fails after a couple of weeks of frying the GDDR6?

 

[ljt]

People can't complain about scalpers when a viable solution is offered but they don't do it simply because they don't want to.

Adding up all the time I'm asleep, at work, having a shower, having dinner, watching a movie etc will leave me with only 2-3 hours to game each evening (if that). That means my 3080 is mining for between 20-22 hours a day so is earning between £8-£9 daily. That's between £240-£270 per month for doing next to nothing... It's basically free money and would easily cover the extra cost of buying a card in today's market.

The only problem I see, is people prefer to sit around complaining instead of doing something about it

Not all of us agree with mining. I'd rather my spare GPU power go to good causes that actually benefit mankind as a whole such as F@H researching diseases for the benefit of all, not individual profit.

Some people just can't get their head around the fact that not everybody wants to mine just to have to pay for the gouged prices of GPUs

 

[Jono8]

Not entirely convinced that this is a good thing, if miners can’t use the 3060 then they will simply continue buying the 3070 & 3080 instead. This will simply increase demand for the cards that we actual want as gamers.

They need to make more 3060ti cards for the miners and leave the 3070's for the gamers as for mining a 3070 is not worth the extra as hash rates are very similar.

 

[FoxEye]

People can't complain about scalpers when a viable solution is offered but they don't do it simply because they don't want to.

Adding up all the time I'm asleep, at work, having a shower, having dinner, watching a movie etc will leave me with only 2-3 hours to game each evening (if that). That means my 3080 is mining for between 20-22 hours a day so is earning between £8-£9 daily. That's between £240-£270 per month for doing next to nothing... It's basically free money and would easily cover the extra cost of buying a card in today's market.

The only problem I see, is people prefer to sit around complaining instead of doing something about it

I could mug someone for the extra cash.
I could sell some tabs to the local teenagers.
I could hang around the local docks (scratch that, my earnings potential is not favourable)
I could do all sorts of things that you may or may not consider viable solutions

I won't be mining tho, because I view mining as needlessly wasteful, absurd, and a huge retrograde step in our (alleged) efforts to stop wrecking the environment. I.e. I don't find it ethical, like the other examples above

e: AS WELL AS making the scalpers victorious, which I find offensive. **** scalpers

 

[KompuKare]

When people start losing their jobs and furlough is over, maybe some of them will regret buying £3000 gaming PCs. But, what do they say? "YOLO!" People are just looking for ways to spend atm.

In the past those living beyond their means were defined by car loans...
... Soon they will be defined by gaming PC loans?

Nvidia gimping cards mostly sounds like a big PR thing though.

Wonder about distributed compute projects, will they get gimped too? As Nvidia stopping Folding-at-Home, etc. is probably not so good PR.

 

[lsg1r]

Surely if miners and scalpers can get them, so can gamers... I'm pretty sure they all share the same internet

Clearly not or you wouldn't have all the gamers complaining about lack of stock... scalpers/cryptominers are using scripts, bots and back door deals to get cards.

Anybody with common sense would just pay the higher scalped price if they can't find the cards in stock, then use the card for mining while they're in bed and at work. In a few months they would have made back what they lost when they paid the higher price and would then start making profit. Plus they would benefit from having one of the new cards for gaming. Imagine if people had done this 3-4 months ago, they would have almost paid off the entire cost of the card by now

Not everyone wants to use their gpu's for cryptomining, hell most pc users likely don't know how to. You're also pretty deluded in thinking people will have the 'spare' money to pay the extra for the card and then hope they can 'recoup' the cost via a currency that intrinsically has no value and could theoretically go down to 0 in the next month.

Besides nobody with common sense would pay inflated prices to people scalping.... that's just stupidity because it encourages them to do it the next time round too

When people start losing their jobs and furlough is over, maybe some of them will regret buying £3000 gaming PCs. But, what do they say? "YOLO!" People are just looking for ways to spend atm.

I'd just like to be able to spend that much (more actually) so I CAN do my work more efficiently....the issue is 90% of the parts I want are unavailable due to stock issues or scalpers... and there's no way I'd pay the currently inflated prices.

I might be in the minority here but I like to be able to buy the majority in one go so I can put it together and test it, not bits as they become available and 'hope' they work when I can finally get all the parts (no idea how long that would take)....

 

[FoxEye]

Besides nobody with common sense would pay inflated prices to people scalping.... that's just stupidity because it encourages them to do it the next time round too

And rewards them for being parasites who not only fail to add value, but take away value (by making warranties void or more difficult to claim against; by nullifying consumer protections like distance selling laws and etc etc).

 

[no_1_dave]

Not all of us agree with mining. I'd rather my spare GPU power go to good causes that actually benefit mankind as a whole such as F@H researching diseases for the benefit of all, not individual profit

If you're taking that route, mining and donating the profits to a local charity would be far more beneficial than F@H
There are super computers running F@H, I highly doubt your GPU power is going to make any difference at all. However, donating £200+ monthly mining profits to a homeless shelter or a children's group would make a massive difference

 

[FoxEye]

If you're taking that route, mining and donating the profits to a local charity would be far more beneficial than F@H
There are super computers running F@H, I highly doubt your GPU power is going to make any difference at all. However, donating £200+ monthly mining profits to a homeless shelter or a children's group would make a massive difference

People don't have to mine even if it's profitable.

People don't have to take 2nd jobs even if their skills are in demand.

People don't have to sell a kidney just because it could make them extra cash.

Nobody has to mine if they find it distasteful.

None of that means they should "just go pay a scalper and stop moaning because then you can be a miner too". Such a bizarro argument.

 

[no_1_dave]

People don't have to mine even if it's profitable.

People don't have to take 2nd jobs even if their skills are in demand.

People don't have to sell a kidney just because it could make them extra cash.

Nobody has to mine if they find it distasteful.

None of that means they should "just go pay a scalper and stop moaning because then you can be a miner too". Such a bizarro argument.

I didn't say they had to, I said it's an option and I said people should stop complaining/whining if they aren't willing to do anything about it.
Society nowadays would rather complain about something rather than just accept it and decide on a way to move forward. Not just about mining and scalpers, but about everything

So the problem is miners & scalpers, what are the solutions?
1) Pay an inflated price, enjoy the new graphics card but be annoyed about the cost
2) Refuse to pay the inflated price and not have a nice new graphics card
3) Pay the inflated price, enjoy the new graphics card and let it mine while not using it to recoup the inflated cost
4) Refuse to pay the inflated price and whine/complain on the internet with other people who are also choosing this option

Most people seem to be choosing option 4 and it's getting boring

Now, I am not agreeing with scalpers, for example the PS5... There is no option 3 with the PS5 situation, no way to recoup the extra if you pay an inflated price. However, with the GPU situation there is an option 3 where you can recoup the money so I cannot understand people picking option 4

 

[Gtiracer]

This seems like a good effort on nvidias part, some people I'm sure will find a way around it, but most people want quick easy money, least amount of hassle, presumably to buy the card quick and get it plugged in and mining as soon as possible rather than fiddling about messing with driver hacks etc.

To someone who doesn't really know all that much about mining, is there likely to be any gaming performance metric that suffers as a consequence of introducing these hash limiting features?

 

[FoxEye]

I didn't say they had to, I said it's an option and I said people should stop complaining/whining if they aren't willing to do anything about it.
Society nowadays would rather complain about something rather than just accept it and decide on a way to move forward. Not just about mining and scalpers, but about everything

So the problem is miners & scalpers, what are the solutions?
1) Pay an inflated price, enjoy the new graphics card but be annoyed about the cost
2) Refuse to pay the inflated price and not have a nice new graphics card
3) Pay the inflated price, enjoy the new graphics card and let it mine while not using it to recoup the inflated cost
4) Refuse to pay the inflated price and whine/complain on the internet with other people who are also choosing this option

Most people seem to be choosing option 4 and it's getting boring

Now, I am not agreeing with scalpers, for example the PS5... There is no option 3 with the PS5 situation, no way to recoup the extra if you pay an inflated price. However, with the GPU situation there is an option 3 where you can recoup the money so I cannot understand people picking option 4

It's clear you can't understand.

Do you know what else is boring? Cryptocurrencies. People telling gamers they could be mining for extra cash.

I'm sure *everybody* who wants to mine has had ample opportunity to start mining.

Those of us not mining are probably in the camp that doesn't like what crypto stands for.

 

[shamus21]

We will have to wait and see if this is Nvidia just paying lip service to a problem that it could have fixed at the hardware level not drivers, the last time we had a bitcoin pump and dump.

 

[shamus21]

I could mug someone for the extra cash.
I could sell some tabs to the local teenagers.
I could hang around the local docks (scratch that, my earnings potential is not favourable)
I could do all sorts of things that you may or may not consider viable solutions

I won't be mining tho, because I view mining as needlessly wasteful, absurd, and a huge retrograde step in our (alleged) efforts to stop wrecking the environment. I.e. I don't find it ethical, like the other examples above

e: AS WELL AS making the scalpers victorious, which I find offensive. **** scalpers

I could hang around the local docks (scratch that, my earnings potential is not favourable) Like your honesty "FoxEye but you could always get somebody more appealing to do it and just take a percentage similar to to some of the bitcoin mining sites.