Lol at the praising Nvidia for trying to destroy the 2nd hand market. Do you think AMD could do anything? They have open source Linux drivers so it would be difficult for them to block mining. In any case AMD is concentrating on consoles so gpu stock levels are not their top priority.
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Nvidia to limit hash rate of RTX3060 GPU's
- Thread starter Andromeda1983
- Start date
Lol at the praising Nvidia for trying to destroy the 2nd hand market. Do you think AMD could do anything? They have open source Linux drivers so it would be difficult for them to block mining. In any case AMD is concentrating on consoles so gpu stock levels are not their top priority.
Soldato
Yes we should be designing for efficiency.
But someone else will always exploit an opportunity that is there. Even if you do the above.
Mining/crypto is currently a huge speculative bubble. It has a future use case, but its currently driven by speculation and the hope of getting rich (or richer).
So what happens is if you don't participate, other people do and that makes you relatively poorer than the others.
This is not good, because it means you're not satisfying the core principle of your own security. So you have to join in too unless youre already secure.
It is a vicious circle and we are being played.
Who is really making the big money? Is it the small scale miner or is its a bigger institutional group? Some will have us believe this is power to the people, I don't believe that for one minute.
Look what happened with housing. People who already had houses were buying more to make money, but this took away from the people that just wanted one.
Resemblance to GPUs do you think?
What happened then? Prices driven up, more and more credit required. Higher prices higher returns. Every bit of free cash ploughed into this asset as an investment at the expense of people with genuine need.
It is every man for himself don't kid yourself otherwise.
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I'm earning less than nat. average wage and I do not believe avoiding crypto will seriously dent my security or future prosperity.
I will have a bit less pocket money, sure.
Houses are so ludicrously priced that any crypto income will be dwarfed by house price inflation anyhow. ~7 to 8% last year alone.
I will have a bit less pocket money, sure.
Houses are so ludicrously priced that any crypto income will be dwarfed by house price inflation anyhow. ~7 to 8% last year alone.
Soldato
The housing example was to demonstrate that the behaviour of people is the same.
Soldato
Who the russian?
You might find this hard to believe, but I have a lot of contempt for our species in general
Soldato
You might find this hard to believe, but I have a lot of contempt for our species in general
So do I.
Soldato
"Everyone in Iran should just mine crypto, so they can afford backup generators for when the power cuts out."
/s
Soldato
I see what you're saying and I get your view. But what industry creates nothing?
I get the calculations for science etc that can piggy back on crypto. But crypto in itself burns something we are meant to be finding ways to reduce consumption. Or maybe crypto will be a catalyst stepping stone to energy production that is carbon zero.
OK it makes money due to it's disconnect from the FIAT monetary system, so criminals put the money in there to start, exchange / launder whatever. Anyone can create with a CPU/GPU. It's genius.
JUst with the climate crisis going on. Chopping down forests in BRazil also makes money. It just isn't ethical.
Actually the worst thing you can do as a human, is create another human. Only one animal on earth has conquered it's natural surrounding resources. And most of us feel having another human to burn more energy has nothing to do with where we are headed. Apart from creating a value in something humans consider valuable. It is nothing. A bit like benchmarking
I'm joking
Soldato
- Joined
- 23 May 2006
- Posts
- 6,820
Actually I have used a lot less heating and been a lot warmer in my last 10 days of mining
As for the coal mine being opened in UK.(mentioned in another post) I may be wrong but almost certain that won't be for burning in a power plant. Isn't it for use in a foundry? Under 1% of UK energy comes from coal (iirc just under half from wind , some solar, some nuclear... But the only fossils fuel of note is gas which is not ideal but better than coal. (And under 20% from memory.
On breezy or sunny days sometimes our entire grid can go fully renewable.[/QUOTE]
Soldato
The chip yields are low for the 3000 series cards... They'll just use the chips that were not good enough for gaming cards and put them into the mining cards. Mining cards don't use much of the GPU, it's the ram that is important.
This means less wasted chips and more profit for Nvidia with minimal effect to the gaming supply
Caporegime
If this were true they would have been making more profitable mining cards on the side the whole series with their off casts. There's always a market even without a boom.
This whole endeavour is a bad attempt to save face and still maximize profits.
Fair play to them.
They practically have a duopoly on the market.
Soldato
Chinese Cryptocurrency Miners Allegedly Bypass NVIDIA’s GeForce RTX 3060 Hash Rate Limiter, Delivers Up To 50 MH/s
https://wccftech.com/chinese-crypto...e-limiter-delivers-up-to-50-mh-s-in-ethereum/
Fantastic news for miners so they will do the same with RTX 3080 Ti when it will launch soon.
https://wccftech.com/chinese-crypto...e-limiter-delivers-up-to-50-mh-s-in-ethereum/
Fantastic news for miners so they will do the same with RTX 3080 Ti when it will launch soon.
Artificial limitations without fusing the silicon will always be bypassed... Always!
Soldato
Cons: miners
Pros: my £300 card's resale value has just gone through the roof
That was fast, either way. Guessing their PR guy's bit about "secure handshakes" or whatever was waffle or just ineffectually implemented.
Soldato
- Joined
- 1 Jun 2014
- Posts
- 5,066
It may not have been hacked yet - PC Gamer are reporting that the 3060s in the image are mining Conflux, not Etherium.
Associate
Haha trust the press too screw it up
Soldato
Basicly Nvidia crippling eth mining was a waste of time.