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Tracking GPU Crypto mining activity via software / hardware?

ljt said:
All of those are OK in my book. Those weren't what I was discussing.

Although I do think some of those should be controlled though.

Increasing property value increases for example have a massive negative effect on the ability of first time buyers to get into the market. It's why more are stuck renting now and house ownership amongst the younger generation is the lowest its ever been

The same with profit margins/markup should be limited too.

And as far as I know none of what you mentioned can be created by GPU's out of thin air from a PC in someone's bedroom.
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You've chosen a thread about GPU mining to express your opinion, but clearly your disapproval isn't exclusively with GPU mining - it appears you have a problem with capitalism in general.

Your understanding of crypto is very limited; I hope you research your various other annoyances a bit better.
 
Sure why not. Then watch as all those warranty claims get denied from gamers.

I.e. for the consumer, tracking like this is a TERRIBLE idea. Just like tracking your driving for insurance is a terrible idea for consumers.
 
@Scougar - Huh? Why would it be bad for consumers if they could buy 2nd hand graphics cards at a reduced price (closer to their actual value)? And actually be aware of how much a graphics card has been mined on, before purchasing one?

At the moment, even 2nd hand graphics card prices are massively inflated, and sometimes cost the same / more than brand new graphics cards.

How would the warranties of gamers be affected, if they don't use their GPU extensively for Crypto mining?

I get it though, you don't like the idea.
 
g67575 said:
@Scougar - Huh? Why would it be bad for consumers if they could buy 2nd hand graphics cards at a reduced price (closer to their actual value)? And actually be aware of how much a graphics card has been mined on, before purchasing one?

At the moment, even 2nd hand graphics card prices are massively inflated, and sometimes cost the same / more than brand new graphics cards.

How would the warranties of gamers be affected, if they don't use their GPU extensively for Crypto mining?

I get it though, you don't like the idea.
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Looking at gumtree there is a guy selling cards from his mining rig at nearly double what LHR cards cost new from retailers.

So I don't see why this would bring prices down and be lower than retail.
 
g67575 said:
How would the warranties of gamers be affected, if they don't use their GPU extensively for Crypto mining?
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because crypto mining falls in to the same "business" use as many other hobbies, so anyone video encoding or learning cuda or AI, or pro gaming, could be equally affected
you are deluded if you think manufacturers having installed their "anti warranty" tracker would then only use it for crypto, and you can drop the word "extensively" too, if mining is against warranty then a split second of it will void the warranty - so what about those websites that were caught mining crypto on people's PC, how do you prove it was malicious rather than intentional?
 
Well, that's crap. The GPU would track usage of the specific mining algorithms(and nothing else). It would be pretty easy to see which cards have been mined on for hundreds/thousands of hours, and which haven't. The tracking could be built into the GPU die itself, and therefore would have nothing to do with the manufacturers.

You don't like the idea, that's all you needed to say, but really I'm not expecting much in terms of a reply, with it apparently being such a divisive issue.
 
g67575 said:
Well, that's crap. The GPU would track usage of the specific mining algorithms(and nothing else). It would be pretty easy to see which cards have been mined on for hundreds/thousands of hours, and which haven't. The tracking could be built into the GPU die itself, and therefore would have nothing to do with the manufacturers.

You don't like the idea, that's all you needed to say, but really I'm not expecting much in terms of a reply, with it apparently being such a divisive issue.
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Why would Nvidia do this? Never going to happen anyway so a moot point.
 
I don't think the most relevant question is, can it be done by Nvidia?

But rather, is it something that would help to correct overvaluing of used graphics cards, which in the past, were always sold at a discount compared to new gfx cards. The ridiculous thing is, GPU mining has substantially increased the value of cards that are years old (or, at least contributed to the value of used cards).

Another factor is, with the potential end of wide scale GPU mining (of Ethereum), would this measure still be necessary, if GPU mining declines massively in 2022? Perhaps Nvidia should have the design of this feature ready to go, in case other GPU mining algorithms become widely used in 2022.
 
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By the time you have 'corrected' this is some way, another year or two has passed (which means another gen has been launched to supersede previous one). We have already gone a decade on this option of mining, at some point whether its energy usage driven or not profitable the issue will go away or at least be tamed.
 
Psycho Sonny said:
Why would Nvidia do this? Never going to happen anyway so a moot point.
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Yep - the only reason to try and track customer use is as a mean to deny warranty - car manufacturers do this to detect if you've been racing your car and use it to void your warranty. But Nvidia doesn't care because the warranty is handled by the AIb so it's their problem if cards die and they can't anything because Nvidia won't let them modify the PCB in that way
 
Totally new to this Forum, so apologies if this has been covered before, but my questions is, if mining is basically going to become unviable for most due to ever increasing energy prices and the global pressure on chip manufacture keeps pushing up prices for any would-be miners, how on Earth can I actually make some money out of Crypto?

I have saved around £2.5k and had planned to buy something along the lines of a Bitmain Antminer S7 and ship it to my mate who lives in Thailand who can run it 24/7 without the costs being overwhelming (I believe the Energy costs are around 1/10th of the UK), but I'm now reticent about doing this and wonder if I would be better off just actually using the money to buy BTC/ETH to get some skin in the game?

I'm not great with computers but I do like the idea of getting a rig set up and generating money on auto-pilot, but I'm getting the impression from this thread that there is a lot more to it than buying a plug-and-play solution and then emigrating to LoS...

Would something like one of these Crypto trading courses be another way to go? I've scratched the surface of things like Crypto Quantum Leap and Crypto Investing by Anthony Sinclair but still feel anxious about making the wrong move and losing all of the money I have saved up :'(

Any help and advice would be greatly appreciated...
 
If your not interested in mining (like it being a hobby or an educational vehicle) then just buy the tokens and profit off them like you would stocks. You can then use your investment to buy a kong GPU if/when available next year.

For the record, there is no point in investing in mining at the peak of a bull cycle. The better timing is to pick up the cards when its lost sentiment (crashed) and everyone is in the capitulation/anger/depression period. You want to be in the position of having all the equipment and mining when its barely profitable, difficulty is low, easy accumulation.

Lastly, this recent time has seen unprecedented demand for GPU's with mass shortages of components and high shipping costs. This means obtaining cards is harder and they have a 150%+ MSRP so logically your ROI is going to take much longer.
 
DieGlocke said:
feel anxious about making the wrong move and losing all of the money I have saved up :'(
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It sounds like crypto probably isn't for you then! :p

There is a very real (albeit very small) chance that it could all come crashing down and you lose almost everything.

You're also probably better posting in the Crypto sub-forum (if that's visible to new members?) as this isn't necessarily GPU specific.
 
DieGlocke said:
Totally new to this Forum, so apologies if this has been covered before, but my questions is, if mining is basically going to become unviable for most due to ever increasing energy prices and the global pressure on chip manufacture keeps pushing up prices for any would-be miners, how on Earth can I actually make some money out of Crypto?

I have saved around £2.5k and had planned to buy something along the lines of a Bitmain Antminer S7 and ship it to my mate who lives in Thailand who can run it 24/7 without the costs being overwhelming (I believe the Energy costs are around 1/10th of the UK), but I'm now reticent about doing this and wonder if I would be better off just actually using the money to buy BTC/ETH to get some skin in the game?

I'm not great with computers but I do like the idea of getting a rig set up and generating money on auto-pilot, but I'm getting the impression from this thread that there is a lot more to it than buying a plug-and-play solution and then emigrating to LoS...

Would something like one of these Crypto trading courses be another way to go? I've scratched the surface of things like Crypto Quantum Leap and Crypto Investing by Anthony Sinclair but still feel anxious about making the wrong move and losing all of the money I have saved up :'(

Any help and advice would be greatly appreciated...
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Buying a single ASIC is always a bad idea.

Never have all your eggs in one basket.

What happens if it breaks? You have now lost 100% of your income from it.

What happens if there is a power cut? What happens if internet goes down?

What happens if someone breaks into your friends home and steals it?

What happens if a new ASIC is invented which makes yours terrible in terms of return?

People buying ASICS always advise buying at minimum 3 to begin with. So if one does die you at least have the other 2 to make up for it.
 
Th0nt, Haggisman & Psycho Sonny - thank you all for your help! I think you have just saved me a lot of money and time. Revised plan based on your responses is to avoid getting into the whole mining thing and just put a portion of my dry powder into BTC & ETH at opportune times and enjoy the rollercoaster ride! Good luck with your mining endeavours :)
 
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