[WCCFTech] Nvidia mining only cards on the way

[sandorski]

Yes it's literally the definition of Fiat currency. https://www.fool.com/investing/gene...ncy-what-it-is-and-why-its-better-than-a.aspx

The Value of the $US changes daily, it is not a Fiat currency.

https://www.merriam-webster.com/dictionary/fiat

 

[swilli89]

The Value of the $US changes daily, it is not a Fiat currency.

https://www.merriam-webster.com/dictionary/fiat

Ok.. Not sure where you are getting this but in college economics, in finance circles, on Wall Street.. The United States Dollar is a Fiat currency. Simply taking the word "fiat" in abstraction to mean something is fixed in value is incorrect.

http://www.investopedia.com/terms/f/fiatmoney.asp

https://en.m.wikipedia.org/wiki/Fiat_money

http://americanmonetaryassociation.org/how-the-us-dollar-came-to-be-a-fiat-currency/

https://www.forbes.com/sites/pascalemmanuelgobry/2013/01/08/all-money-is-fiat-money/

Even Harvard Business School defines it as a Fiat currency! Would you like me to continue? http://hir.harvard.edu/article/?a=2853

Are you saying you have a better understanding of currency than Harvard?

 

[Bacon1]

Excuse me but how is it fake money if it has both intrinsic and extrinsic value?

I'm sorry are we thinking of the same coins that have 1 cent value one day and $1 the next and a week later $100?

Yes the ones that are pumped and dumped constantly with tons of people losing massive amounts of real money on them?

I said I like them, but lets not go crazy and think they are fee less and will solve all the problems. There are tons of problems the easiest of which is "charge back" protection. You think there will be no middle men? Give me a break. With BTC whoever has the coin owns it and there is nothing the previous owner can do to take it back if they are stolen or pay for something that never ships for instance. Heck BTC is expensive right now fee wise!

 

[Excessi0n]

The term "fiat currency" is pretty useless. Depending on how you define it, either all currencies are fiat currencies or no currencies are fiat currencies.

 

[swilli89]

I'm sorry are we thinking of the same coins that have 1 cent value one day and $1 the next and a week later $100?

Yes the ones that are pumped and dumped constantly with tons of people losing massive amounts of real money on them?

I said I like them, but lets not go crazy and think they are fee less and will solve all the problems. There are tons of problems the easiest of which is "charge back" protection. You think there will be no middle men? Give me a break. With BTC whoever has the coin owns it and there is nothing the previous owner can do to take it back if they are stolen or pay for something that never ships for instance. Heck BTC is expensive right now fee wise!

Just because it is wildly variable doesn't mean its fake.

Let me postulate this.. If "tons of people are losing massive amounts of money" do you realize that inversely that means "tons of people are profiting massive amounts of money"? If someone loses someone else gains.

Now, as far as buyer protection, some of us would rather embody the original American spirit and cover our own assets as far as security I stead of getting generalized with the careless ignorant masses that have caused fees to be thrust upon all of us. I'm confident in my ability to protect my crypto currency investments and if I lose somehow then I won't cry as I accepted that from the start.

Bitcoin fees right now are for the gullible and for the uninformed. They are merely acquisition fees. Plenty of free wallets out there that allow for completely free transactions.

 

[sandorski]

The Value of the $US changes daily, it is not a Fiat currency.

Ok.. Not sure where you are getting this but in college economics, in finance circles, on Wall Street.. The United States Dollar is a Fiat currency. Simply taking the word "fiat" in abstraction to mean something is fixed in value is incorrect.

http://www.investopedia.com/terms/f/fiatmoney.asp

https://en.m.wikipedia.org/wiki/Fiat_money

http://americanmonetaryassociation.org/how-the-us-dollar-came-to-be-a-fiat-currency/

https://www.forbes.com/sites/pascalemmanuelgobry/2013/01/08/all-money-is-fiat-money/

Even Harvard Business School defines it as a Fiat currency! Would you like me to continue? http://hir.harvard.edu/article/?a=2853

Are you saying you have a better understanding of currency than Harvard?

Ok, then what's "bad" about a Fiat Currency then?

 

[Shmee]

Guys lets keep this on topic.

 

[swilli89]

Ok, then what's "bad" about a Fiat Currency then?

I suppose we could debate that somewhere more appropriate. Short answer is I don't think it's all bad.

Back on topic.. These things better be priced way below their gaming counterpart because if the crypto market drops out they will be absolutely worthless.

On a more interesting note someone on reddit openedupt the idea of hacking together a solution, something like a hdmi riser card that could possibly work as a dumb video out "head" for these headless video cards. That would be hilarious if gamers all of a sudden took over cards meant for miners 😀

Maybe AMD could come to the rescue and make a small pcie 1x card that could give these nvidia cards video out functionality 😉

 

[crashtech]

I suppose we could debate that somewhere more appropriate. Short answer is I don't think it's all bad.

Back on topic.. These things better be priced way below their gaming counterpart because if the crypto market drops out they will be absolutely worthless.

On a more interesting note someone on reddit openedupt the idea of hacking together a solution, something like a hdmi riser card that could possibly work as a dumb video out "head" for these headless video cards. That would be hilarious if gamers all of a sudden took over cards meant for miners 😀

Maybe AMD could come to the rescue and make a small pcie 1x card that could give these nvidia cards video out functionality 😉

Not quite worthless. Distributed computing will benefit from the availability of cheap cards with good compute power.

 

[beginner99]

Useless products. The resale value alone makes it worth it to pay more for the real gpu. Add to that that it's more environmentally friendly if you can resale the card instead of trashing it, that you can use it for gaming and more importantly the essentially missing warranty. You can bet these cards will be built using low quality components. So you get pretty much no warranty and high failure rate. If you build a mining farm and the gaming aspect is irrelevant you still will in the end pay more because of failures.

 

[tential]

I'm reading America's Bank right now, so I love it.

I think it's funny anytime AMD doesn't compete people go "But AMD's budget!!!!"
If that was the case, they should quit now.
Business isn't about whining about your current status, but excelling against hurdles to win. Otherwise, you'd never have ANY company usurp a larger company. So stop giving that tired excuse.

Perhaps Nvidia is using this as a way to get rid of chips that didn't make gaming grade specs?
Definitely wouldn't be surprised if they were of lower quality.

 

[Yakk]

I think it's funny anytime AMD doesn't compete people go "But AMD's budget!!!!"
If that was the case, they should quit now.
Business isn't about whining about your current status, but excelling against hurdles to win. Otherwise, you'd never have ANY company usurp a larger company. So stop giving that tired excuse.

Since when do engineers solve problems? 😉

As per some fanboy posts, a company full of very highly skilled engineers like AMD shouldn't be able to do & solve anything because their market cap isn't high enough. Nevermind developing stuff like their infinity fabric leap frogging Intel & such...

Perhaps Nvidia is using this as a way to get rid of chips that didn't make gaming grade specs?
Definitely wouldn't be surprised if they were of lower quality.

That would be my first guess. This looks like the perfect setting to get rid of a bunch of leakage prone chips & almost no warranty (where the laws lets them anyways)

 

[Bacon1]

I just don't get why people want a mining GPU... its the same thing as an ASIC at that point and completely defeats the whole purpose of GPU based coins, which are supposed to help decentralize instead of having massive farms... now we all know that isn't the case with massive GPU farms anyway, but at least they are paying and performing the same as regular GPU owners who can then help. Anyone championing mining gpus are fundamentally opposed to the purpose of the coins and their use.

 

[[DHT]Osiris]

I just don't get why people want a mining GPU... its the same thing as an ASIC at that point and completely defeats the whole purpose of GPU based coins, which are supposed to help decentralize instead of having massive farms... now we all know that isn't the case with massive GPU farms anyway, but at least they are paying and performing the same as regular GPU owners who can then help. Anyone championing mining gpus are fundamentally opposed to the purpose of the coins and their use.

I think most miners are fairly befuddled by these 'mining only' cards as well. Unless there's a stark difference in price (to the point where it seems silly to not buy them) and they actually have some measure of resilience to mining over time (pointless if they die in 6mo even if they are cheap), there's not gonna be much of a market for them I don't think. Useless once they become marginally profitable, cannot be sold to anyone, end up in a landfill, unlike a traditional card which can just be hawked off for half price once the mining's done.

 

[gorobei]

there will never be a meaningful "mining" gpu card. the 5$ you save by not including dvi/dp/hdmi ports isnt going to make up for the lack of ability to resell later after whatever coin goes thru a boom cycle.

this isnt a market amd or nv should ever be chasing until the financial industry settles on one coin/blockchain service to buy into(assuming said crypto currency satisfies the security/speed requirements to replace the current transaction systems.

fixed hardware is a deadend, just like the btc asics. i heard a story on a podcast about someone visiting china and coming across a guy tearing apart a pile of avalon asic units and pulling the psus because that was the only thing of value inside.

 

[deanx0r]

Not to derail the topic, but in no way is the $US a Fiat currency, Gold backed or not.

You can take a look at the price of gold, or a commodity like oil in the past 30+ years. The price of a barrel of oil keeps increasing over time because the value of the dollar just keeps decreasing. There are other factors in play such as speculation. but the dollar has been losing its value because we just keep printing more and more of it.

 

[MrTeal]

Isn't a mining card essentially a Tesla product without the Pro drivers? While definitely not as strong as a standard GPU, there might definitely be a used market for them.

 

[PPB]

Amd just needs to produce more gaming cards and meet demand. They can easily predict this if they just check the increase in the most popular mining networks' hashrate increase over the last months.

If they fear the used market that much, they just need to release a killer product to entice gamers to buy it instead of used 24/7 470/480 cards.

Sent from my XT1040 using Tapatalk

 

[Arachnotronic]

I just don't get why people want a mining GPU... its the same thing as an ASIC at that point and completely defeats the whole purpose of GPU based coins, which are supposed to help decentralize instead of having massive farms... now we all know that isn't the case with massive GPU farms anyway, but at least they are paying and performing the same as regular GPU owners who can then help. Anyone championing mining gpus are fundamentally opposed to the purpose of the coins and their use.

Better they do this so that we don't end up with a situation where you can't get a gaming GPU at a decent price.

The current GPU availability situation is really annoying.

 

[Malogeek]

Amd just needs to produce more gaming cards and meet demand. They can easily predict this if they just check the increase in the most popular mining networks' hashrate increase over the last months.

You're assuming there's free capacity at the fabs for them to just whip up thousands of GPUs extra. I'm not an expert in this area but I don't believe there is.

 

[frozentundra123456]

I'm seriously praying it's a rumor and not true. I know it doesn't matter but amd should be the vendor to do this first. Nvidia one upping amd on mining is insane....

I know Nvidia is an extremely well run company but man... I just want amd sometimes to take their easy wins



Yup same. I prefer to not to destroy the potential of my product

Thought everyone was supposed to be all for competition? Besides it might loosen up the supply situation for gaming cards.

 

[[DHT]Osiris]

You're assuming there's free capacity at the fabs for them to just whip up thousands of GPUs extra. I'm not an expert in this area but I don't believe there is.

This, they needed the production ramped up ~60 days ago, ready at suppliers ~45 days ago. Not in two months or whatever. And certainly not an unsellable phys-x card.

 

[2is]

I personally think it's a good idea. As someone who doesn't mine, I don't want to pay more for a video card I intend on using for gaming, nor do I want to wait several weeks or months for supply to reach normal levels before I can even acquire a card because miners are buying up all the stock. Miners taking a hit on ROI by not being to re-sell their cards as easily or at all doesn't bother me either. Much like gamers having to wait or pay inflated prices for cards doesn't bother them.

 

[2is]

You're assuming there's free capacity at the fabs for them to just whip up thousands of GPUs extra. I'm not an expert in this area but I don't believe there is.

I think it's a safe assumption at this point in the development cycle. When a card is first produced, it's difficult to get due to the demand. It's safe to assume they are operating at capacity at that point. Once a GPU has been out for a while, demand settles down quite drastically, and so does production. Same thing happens with things like iPhones.

 

[crashtech]

I'm not certain how much the resale price of a mining GPU fits into ROI calculations, many of them either flat out die, have their fans get clapped out, or develop visual artifacting during their short miserable lives, limiting resale value in many cases anyway.