Nvidia cryptocurrecy mining system

[NumLock21]

Nvidia has released some slides on their cryptocurrency mining system, and it looks like, there is more to it than a simple video card. The mining system has 8 pcie slots, a server like design chassis and it's powered by a celeron processor, with 4gb of ram, and 64gb ssd.

 

Quote

We did some experiments with ZEC mining on GTX1080+1080+1070. Such system pulls around 750W from the socket (TDP optimized) with ~1400 Sol/s. This solution requires 1050 Watts for 2500 Sol/s. So it’s 0,5 Sol/s/W better. Not a huge difference, but I guess it all depends on the price. Also, bear in mind these cards (and such system) will have low resale value, unless they find better purpose (Folding@Home?) after GPU mining becomes unprofitable.

 

 

 

https://videocardz.com/newz/first-look-at-pascal-based-gpu-cryptocurrency-mining-station

 

 

Update: Actual hardware itself

Image credit: expreview

 

[tlink]

im pretty skeptical on the economics of crypto mining but i don't really know enough about it to make it an educated opinion. it doesn't seem like a sustainable market to me, but then again money has imaginary value too so who knows.

[kiska3]

And when this goes obsolete, you literally throw it in the trash can, unless you can desolder the GPU + memory and put it on a card with video out, or is that locked on the chip level?

Or it can become a great distributed compute unit, I guess....

[kiska3]

Just now, tlink said:

im pretty skeptical on the economics of crypto mining but i don't really know enough about it to make it an educated opinion. it doesn't seem like a sustainable market to me, but then again money has imaginary value too so who knows.

So crypto mining maintains and verifies the legitimacy of a bitcoin, monero, etc transaction 

[tlink]

Just now, kiska3 said:

So crypto mining maintains and verifies the legitimacy of a bitcoin, monero, etc transaction 

what?

[NumLock21]

2 minutes ago, kiska3 said:

And when this goes obsolete, you literally throw it in the trash can, unless you can desolder the GPU + memory and put it on a card with video out, or is that locked on the chip level?

Or it can become a great distributed compute unit, I guess....

Just slapped a tesla sticker on it and sell it for 10x the msrp and say it's for deep learning.

[kiska3]

1 minute ago, tlink said:

what?

So a miner will grab pending transactions from the network and work on it and whoever completes this workunit the fastest and produces a block will get added to the transaction record

[kiska3]

Just now, NumLock21 said:

Just slapped a tesla sticker on it and sell it for 10x the msrp and say it's for deep learning.

I see...... But the thing is these miners will push the limits of these cards, so they may as well be dead?

[Nicnac]

Would make an awesome f@h rig though!?

[NumLock21]

Just now, kiska3 said:

I see...... But the thing is these miners will push the limits of these cards, so they may as well be dead?

They have to last at least 90 days

[kiska3]

1 minute ago, Nicnac said:

Would make an awesome f@h rig though!?

Or a S@H rig as well

[mynameisjuan]

Can someone tell me how profitable mining still is to justify this?

[shermantanker]

My new coworker mined 8 bitcoin when he was still in high school and sold them for $8 and bought a burrito...

[NumLock21]

Nvida knew a video card without ports isn't going to cut it, so they made a entire mining station. They are geniuses!

All hail Jen-Hsun!

All hail deep learning!

[AlwaysFSX]

18 minutes ago, tlink said:

im pretty skeptical on the economics of crypto mining but i don't really know enough about it to make it an educated opinion. it doesn't seem like a sustainable market to me, but then again money has imaginary value too so who knows.

It's basically like spending money to get ahold of what's basically a stock and hoping the price of it increases. Stocks are valueless unless someone else wants it. That's the only reason we have a market in the first place.

[samcool55]

I'm not sure this will end up being a succes for miners.

The thing is that miners that use normal graphics cards can easily sell them later. The cards keep a reasonable amount of value. These things, nope.

Loses value insanely fast and the market for it afterwards is almost doesn't exist.

[SpaceGhostC2C]

4 minutes ago, AlwaysFSX said:

It's basically like spending money to get ahold of what's basically a stock and hoping the price of it increases. Stocks are valueless unless someone else wants it. That's the only reason we have a market in the first place.

Not exactly: stocks (may) pay dividends even if no one else buys it from you. This is more like currency, where you can "prove them wrong" by just holding it if they don't want it  

 

25 minutes ago, kiska3 said:

And when this goes obsolete, you literally throw it in the trash can

It happens with all hardware when it becomes obsolete (not to be mistaken with "outdated" as often used in this forums, which just means a new product has been released).

In the end, all these systems make sense as long as they pay for themselves through "mining" before frying and/or a collapse in the price of what you mine. In other words: the value of what you mine per hour should be higher than the cost of electricity used to run it per hour, and the difference should be high enough to make up for the investment in a reasonably short horizon.

[zMeul]

29 minutes ago, tlink said:

im pretty skeptical on the economics of crypto mining but i don't really know enough about it to make it an educated opinion. it doesn't seem like a sustainable market to me, but then again money has imaginary value too so who knows.

it's a very sustainable market in some regions

it's said that a single video card pais itself in about 4 months

[Teddy07]

16 minutes ago, mynameisjuan said:

Can someone tell me how profitable mining still is to justify this?

depends on the coin and your electricity costs per kw/h. I can tell you that it is not profitable here in Germany because I have to pay 0,23 cent per kw/h

[TheRandomness]

I want to see the PCB of this P106-100 card. I'm pretty sure that's a sub 6 inch 1060.

[dfsdfgfkjsefoiqzemnd]

50 minutes ago, Teddy07 said:

I can tell you that it is not profitable here in Germany because I have to pay 0,23 cent per kw/h

In the winter you can offset some of that cost.  A PC using 500W generates as much heat as a space heater that uses 500W.  That means you can mine bitcoins while spending less on heating. 

[AlexGoesHigh]

59 minutes ago, zMeul said:

it's a very sustainable market in some regions

it's said that a single video card pais itself in about 4 months

power is super cheap where i am my 1050 ti would pay for itself after 2 and half months, expect i got it as a gift so everything im mining is pure profit

[Teddy07]

14 minutes ago, Captain Chaos said:

In the winter you can offset some of that cost. 

 

I am already offsetting it because I rather stay at my university library  It has also the effect that I get better marks

 

But yes you are right

[Misanthrope]

2 hours ago, kiska3 said:

And when this goes obsolete, you literally throw it in the trash can, unless you can desolder the GPU + memory and put it on a card with video out, or is that locked on the chip level?

Or it can become a great distributed compute unit, I guess....

True but the aim is that people mining with a way to lower or eliminate energy bills will make back their investment and a very sizeable return so it really doesn't matters that much. When machines basically pay for themselves obsolescence really doesn't matters unless it's far too quick with a very bad return. 

[tlink]

1 hour ago, AlwaysFSX said:

It's basically like spending money to get ahold of what's basically a stock and hoping the price of it increases. Stocks are valueless unless someone else wants it. That's the only reason we have a market in the first place.

well stocks are not the reason we have markets. or am i interpreting you wrongly? i get what you're saying but the stock market seems to me as nothing more than decentralized gambling.