NVIDIA Evaluates Cryptocurrency Mining GPU Production

[ZoneDymo]

That just seems like bad business. To Nvidia it doesn't matter who buys their cards, which is of course completely understandable. Nvidia sells a product and the consumer can do with it what they want.

not really because they can ask more for those dedicated cards, just like they ask more for quadro and titan even though consumer level graphiccards could do a lot more if they were arbitrarly locked out.

RTX3080 800 dollars

RTX3080 Miner Edition 1600 dollars, ez money I would say.

 

[Spencer LeBlanc]

I thought at this point it only made sense to mine with ASICS? As they offer better hashrates?
I'm not a miner so I don't really know...

 

[TheoneandonlyMrK]

not really because they can ask more for those dedicated cards, just like they ask more for quadro and titan even though consumer level graphiccards could do a lot more if they were arbitrarly locked out.

RTX3080 800 dollars

RTX3080 Miner Edition 1600 dollars, ez money I would say.

Probably got the pricing the wrong way round though
@Spencer LeBlanc bitcoin has been GPU pointless for years and is ASIC only, but altcoins like Ethereum and Monero are made for GPU and actually work(the Devs change the algorithm etc occasionally) to mitigate ASIC use.

 

[Spencer LeBlanc]

Probably got the pricing the wrong way round though
@Spencer LeBlanc bitcoin has been GPU pointless for years and is ASIC only, but altcoins like Ethereum and Monero are made for GPU and actually work(the Devs change the algorithm etc occasionally) to mitigate ASIC use.

Thanks for the explanation. I don't follow much of this type of info.

 

[Easo]

I think they have already talked about dedicated mining cards some years ago.

This.
I almost clearly remember that both AMD and NVidia said they would make dedicated cards without display outputs for this.

 

[Colddecked]

if they truely cared they would lock out consumer gpu's from this sorta functionality (just how consumer cards are arbitrarly locked out from professional, aka quadro/titan functionality) and then produce dedicated cards for miners separately.

but probably nope.avi, just a lot of talk.

The answer isn't locking GPU functionality down even more. The answer is just make more. And keep making them, don't make them EOL right before the next gen hits. If they're able to make mining editions, they should, because they will sell.

 

[jimmyxxx]

the point of having GPUs for mining is to have them keep their resale value even if the coin crashes or when they're done mining - ASICs can't be used for anything but mining so lose/gain their resale value in accordance to the coin they mine. GPUs will always keep their value somewhat.

This statement is true, but doesn't reflect correctly to the economics of mining. Miners will actually buy whatever gives them the highest ROI, and one key factor for ROI is the resale value of an asset once it is decommissioned. If NVIDIA has a bunch of defective chips, that are good for mining but not for gaming, they could be sold extremely cheap as they were thought to be garbage in the first place and make extra profit from them. To miners eyes, this type of cards are actually a nice deal, because the upfront cost is much lower, meaning that the ROI time is reduced significantly, thus increasing their margins. Crypto is a very volatile market, and the quicker you get your invested money returned then you are more likely to make a bigger profit. The truth is, if NVIDIA sells this cards for a fair price, it wouldn't make sense for miners to buy graphics cards; NVIDIA is very greedy though, and it won't happen.

 

[Xaled]

She is just saying that Minning is handsome and having an affair with him is sweet, but gamers are more reliable Standby lover

 

[Divide Overflow]

I seem to recall a statement about holding off on adding additional Nvidia GPUs just a minute ago...
"It's being said that NVIDIA decided (smartly, I would say) to ensure consistent supply of their existing lineup to sate demand, instead of dispersing its limited chip production across even more product lines."

 

[trog100]

we dont live in a fair world.. there is no such thing as a fair price.. a price should be based on what a market will stand..

too high and they are left with stock on their hands.. too low and they cant meet demand..

also nvidia have a duty to their shareholders.. that duty is to make as much profit for them as they can..

quite where this idea of a fair price comes from i havnt a clue..

also quite clearly being as cards are unavailable (nvidia cant meet demand) the price has been set far too low..

there are some things in life that cant be changed..

trog

 

[Max(IT)]

they won't do that, because crypto mining market is too unstable and could disappear in one day, quite literally...

 

[Kapone33]

Just like the Gold rush crypto mining is romantic in the concept of "free money". The fact that institutions have adopted Crypto mining means it will last a little longer than the last spike. GPUs may never again be priced in affordable prices for enthusiasts. The funny thing is with the PC is that there are plenty of people that can easily pay $3000 for a GPU (even though is the cost of a 1/2 decent used car)

 

[R-T-B]

The answer is not to make a "defective repurposed" crypto mining gpu, but a gpu that is actually more power efficient at crypto than gaming gpus, thus rendering gaming gpus truly undesirable. How? A custom core, ditching useless things like TMUs entirely. It could be done, but it has yet to be done.

 

[Metroid]

yeah this bubble is about to pop, if i was nvidia i would not risk, look at 2018.

 

[Xaled]

Here is another big reason to ban crypt-currency.
Thanks to digital currency and AMD and Nvidia, terrorists can freely send money to each other

Mobs Who Stormed the Capitol Received Bitcoin Donation from France

Chainalysis published a blog post today addressing how controversial and well-known figures of the alt-right are getting financial support.

www.financemagnates.com

 

[R-T-B]

Here is another big reason to ban crypt-currency.
Thanks to digital currency and AMD and Nvidia, terrorists can freely send money to each other

Mobs Who Stormed the Capitol Received Bitcoin Donation from France

Chainalysis published a blog post today addressing how controversial and well-known figures of the alt-right are getting financial support.

www.financemagnates.com

They can do that with money too. It may be more complicated, but banning crypto won't stop it.

Thus that has always been a lame argument, IMO. It will limit freedom, while acomplishing nothing. Crypto does have its uses, even if it's largely hated here due to the obvious GPU-absorbing impact it tends to have.

yeah this bubble is about to pop, if i was nvidia i would not risk, look at 2018.

and 2016 before it.

Crypto doesn't "pop" really as much as have bull and bear markets these days. It's proven time and again that it can come back, so "pop" is the wrong term, as it's clearly not a bubble anymore, but a functioning market.

 

[Caring1]

Here is another big reason to ban crypt-currency.
Thanks to digital currency and AMD and Nvidia, terrorists can freely send money to each other

Mobs Who Stormed the Capitol Received Bitcoin Donation from France

Chainalysis published a blog post today addressing how controversial and well-known figures of the alt-right are getting financial support.

www.financemagnates.com

Lol, a "blog post" does not equate fact, it's speculation at best.
Seems more like another lame attempt at demonising Crypto currencies, again.

 

[Xaled]

They can do that with money too. It may be more complicated, but banning crypto won't stop it.

Thus that has always been a lame argument, IMO. It will limit freedom, while acomplishing nothing. Crypto does have its uses, even if it's largely hated here due to the obvious GPU-absorbing impact it tends to have.



and 2016 before it.

Crypto doesn't "pop" really as much as have bull and bear markets these days. It's proven time and again that it can come back, so "pop" is the wrong term, as it's clearly not a bubble anymore, but a functioning market.

Lol, a "blog post" does not equate fact, it's speculation at best.
Seems more like another lame attempt at demonising Crypto currencies, again.

No, you are not defending crypto-currencies because it gives freedom you support it because you :
1- Love to win money without working, either by buying crypto currencies and/or by gpu minning
2- Doing money laundry
3- Outlaw or terrorist
and these are enough reasons to get it banned

 

[kayjay010101]

No, you are not defending crypto-currencies because it gives freedom you support it because you :
1- Love to win money without working, either by buying crypto currencies and/or by gpu minning

You do realize stock trade is a legitimate business that has been a thing for so, so, so much longer than crypto?
What's next, we're gonna ban Wall Street? Actually, I'm not opposed to that idea, come to think of it.
And you do work when you mine with your GPU, you invest your time, hardware and electricity for a reward. Are regular ol' company investors unemployed in your eyes, because what they do requires no physical work?

2- Doing money laundry

Hahaha, and crypto is the only currency where that's possible?

3- Outlaw or terrorist

That's based on what? Because I use my GPU to do math and get paid for it I suddenly want to blow up the Freedom Tower and murder people?

 

[Xaled]

You do realize stock trade is a legitimate business that has been a thing for so, so, so much longer than crypto?
What's next, we're gonna ban Wall Street? Actually, I'm not opposed to that idea, come to think of it.
And you do work when you mine with your GPU, you invest your time, hardware and electricity for a reward. Are regular ol' company investors unemployed in your eyes, because what they do requires no physical work?


Hahaha, and crypto is the only currency where that's possible?

That's based on what? Because I use my GPU to do math and get paid for it I suddenly want to blow up the Freedom Tower and murder people?

cant you do math without burning the planet? don't tell me cars burn fuel too, your argument just doesn't make sense
and by the way you are avioding tax too, so everything about it is just illegal

 

[kayjay010101]

cant you do math without burning the planet? don't tell me cars burn fuel too, your argument just doesn't make sense
and by the way you are avioding tax too, so everything about it is just illegal

I do pay fortune tax on my bitcoin. I follow the guidance given by my government in my country. Please don't accuse me of not following the law with baseless accusations. Nothing about it is illegal. https://www.skatteetaten.no/en/busi...s/internet/tax-and-vat-on-virtual-currencies/

I can do math without burning the planet, but it's a bit hard for a human to do 256-bit hashes by hand. I don't know about you, but I can't do 60MH/s without the aid of an electronic device. So for now, I'll continue using my GPU as much as I want.
Also, most of our energy is clean (94% renewables) so I'm not too bummed if I was using a bit more electricity. But, I actually use just as much as I would otherwise, since I no longer have to run heating ovens during the winter (GPUs are about as efficient as a normal radiator in terms of electricity to heat conversion). So in fact I'm actually not polluting any more than I would otherwise.

 

[R-T-B]

No, you are not defending crypto-currencies because it gives freedom you support it because you :
1- Love to win money without working, either by buying crypto currencies and/or by gpu minning
2- Doing money laundry
3- Outlaw or terrorist
and these are enough reasons to get it banned

Nah, not my thing bro. Cool story though.

Last thing I did with crypto was buy an EVGA z270 mobo from newegg... I could probably find a way to use it in a bomb if you'd like, though.

 

[Xaled]

Nah, not my thing bro. Cool story though.

Last thing I did with crypto was buy an EVGA z270 mobo from newegg... I could probably find a way to use it in a bomb if you'd like, though.

you bought an EVGA z270 with crypto? but now you and many other people have to pay 1000$ for a card that was supposed to 500$!
you think you are making profit on the short turn but on the long run you are definitely losing and making other people lose too

 

[hat]

Using partially bad dies that wouldn't be great on a fully working card, but would work fine for mining, is a great idea. Production capacity is limited, they can't just purposefully make cards solely for mining. Well, they can, but then that would take away from making fully functional cards. It makes more sense to salvage the bad chips and throw them at miners, when mining is a big part of GPU demand. Limited, or totally non existent display outputs would also cut down on costs.

 

[Kapone33]

No, you are not defending crypto-currencies because it gives freedom you support it because you :
1- Love to win money without working, either by buying crypto currencies and/or by gpu minning
2- Doing money laundry
3- Outlaw or terrorist
and these are enough reasons to get it banned

Why do we pretend that those things are not a part of society. Bitcoin is just the vehicle. The intent is the human part of the equation and as much as those things happen there has been good that has happened on there.