- Aug 25, 2001
- 50,784
- 6,262
- 126
As a new miner, this sucks! I plan to mine until I pay off my 3090, and I'm only $150 in. I guess that means no upgrades until I meet my goal.
Nvidia to implement mining limiter to all new Ampere SKUs?
If you're just mining to pay for your existing card, this should be great for you. If it basically dries up the supply of new mining cards, all of a sudden your 120MH/s card mines as well as two new 3090 Supers (or whatever). You might be able to buy the replacement SKU at MSRP and sell the existing GPU, or it'll slow the increase in network hashrate and your existing GPU will be more profitable.As a new miner, this sucks! I plan to mine until I pay off my 3090, and I'm only $150 in. I guess that means no upgrades until I meet my goal.
...and as per usual during a gold rush, the guy who sells the shovels get rich. (That'd be Nvidia/AMD)but I suspect that most of them were a bit like the miners during a gold rush where a lot of their profit got eaten up in various expenses.
Nah, it was the people who bought the shovels in quantity where they were cheap and scalped them at extreme markup to the miners....and as per usual during a gold rush, the guy who sells the shovels get rich. (That'd be Nvidia/AMD)
Well, cheap first batch cards inventory ended a long time ago. demand is through the roof, There is not that much inventory for both GPU or ASIC miners in Shenzhen. Even Chinese suppliers' prices with in-stock inventory are the same as eBay resellers!Nah, it was the people who bought the shovels in quantity where they were cheap and scalped them at extreme markup to the miners.
Funny how history repeats itself![]()
Maybe AMD and Nvidia have been increasing their prices, but it doesn't seem like they are if it's by much. AIBs have been charging more than normal, but some of that's probably just a fact of their own costs increasing. Plenty of retailers are certainly marking up the prices on any cards they get, but ultimately any failure to do so on the part of anyone in the chain up to that point just leaves money on the table for the scalpers that will buy and flip cards for the actual market value.Well, cheap first batch cards inventory ended a long time ago. demand is through the roof, There is not that much inventory for both GPU or ASIC miners in Shenzhen. Even Chinese suppliers' prices with in-stock inventory are the same as eBay resellers!
The math checks out. If they're projecting 115TWh a year, that's an average of 315GWh/day. Average transactions a day is broadly in the ballpark of 300k, so you're looking at ~1MWh per bitcoin transaction. If you want to know why it costs to much to send a Bitcoin transaction, it's because it uses as much power as an average home does in a month.![]()
Electricity needed to mine bitcoin is more than used by 'entire countries'
Bitcoin mining – the process in which a bitcoin is awarded to a computer that solves a complex series of algorithm – is a deeply energy intensive processwww.theguardian.com
"
A single transaction of bitcoin has the same carbon footprint as 680,000 Visa transactions or 51,210 hours of watching YouTube, according to the site.
" Whoa.
Yep, I used to really be into the idea of cryptocurrency until the stark reality of what it would mean to try to actually use it as a widespread currency hit me. Even other algos that have tried to make transactions more energy efficient haven't really helped the situation compared to our current systems. They are much better than bitcoin, but still much, much worse than existing logistics. I still think the blockchain idea has potential, just not in how it is trying to be currently used. Maybe I'm wrong though, we'll see.![]()
Electricity needed to mine bitcoin is more than used by 'entire countries'
Bitcoin mining – the process in which a bitcoin is awarded to a computer that solves a complex series of algorithm – is a deeply energy intensive processwww.theguardian.com
"
A single transaction of bitcoin has the same carbon footprint as 680,000 Visa transactions or 51,210 hours of watching YouTube, according to the site.
" Whoa.
This has been all over the web for days, and it turns out nothing was cracked/bypassed or anything else. The original picture was not of a card mining Ethereum which is the thing that the driver slows down. Most reputable news sites have now retracted their "it's been cracked" statement in the small print at the bottom (although many leaving the headline unchanged to maximise the clicks)....and the mining limiter has been cracked. Took about as long as expected:
![]()
Cryptominers have already cracked Nvidia's RTX 3060 hash rate limiter
That certainly didn't take longwww.techradar.com
"So far, according to Wccftech, it appears that the cryptomining algorithm in question is for Octopus, which is different than cryptocurrency than Ethereum, which the hashrate limiter...and the mining limiter has been cracked. Took about as long as expected:
This looks legit.Another report from wccf saying it's been bypassed: https://wccftech.com/nvidia-geforce-rtx-cryptocurrency-mining-hash-rate-limit-bypassed-hacked-rtx-3060-ethereum/
Most likely some unappreciated dev at Nvidia is heading to a nice cushy retirement.Looks like they found a developer driver without the mining restrictions in, which if true was very dumb of nvidia.