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Ray tracing and Crypo Currencies

ToastedCrumpets
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To the best of my knowledge, Nvidia are implementing separate physical cores on their chips to handle ray tracing. Presumably, these new RTX cores will not be as efficient for crypto currency mining? If so, would it be fair to speculate that as ray tracing takes up a larger dominance in the GPU market*, crypto currency miners will have less of an incentive to buy these ray tracing cards and hence GPU prices could decrease?

 

Purely asking out of interest – please correct me if I am wrong regarding my assumptions.

 

*Assuming that ray tracing has sufficient buy-in from gamers and developers to take-off.

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We really don't know how RTX will perform on crypto. Someone will probably build a new mining app that takes advantage of it and that will probably be very fast.

 

In any case, isn't mining kind of dead? I thought it wasn't profitable anymore.

it's time

 

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10 minutes ago, RollTime said:

>Someone will probably build a new mining app

>isn't mining kind of dead?

You kind of answered your own question :D 

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Crypto value is pretty low at the moment, so that has a knock on effect of depressing GPU miners, in more ways than one.

 

The new features are dedicated to implementing specific functions. It is unlikely they would be particularly useful for any of the mainstream cryptos that already exist without significant code changes, if it is even possible at all. I wouldn't worry about it.

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2 minutes ago, TVwazhere said:

You kind of answered your own question :D 

As in mining is not dead because someone will make a new app?

It's not very profitable at the moment, but RTX might change that. Also, someone dedicated will make one anyway, if only to see what RTX can do.

it's time

 

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Just now, RollTime said:

As in mining is not dead because someone will make a new app?

It's not very profitable at the moment, but RTX might change that. Also, someone dedicated will make one anyway, if only to see what RTX can do.

It will most like become profitable with a new app, a new currency, a new breakthrough in something. It's (unfortunately or fortunately depending on your standpoint) always going up or down, so there's no telling what the future holds for mining. 

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shinycoin. 

muh specs 

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44 minutes ago, RollTime said:

We really don't know how RTX will perform on crypto. Someone will probably build a new mining app that takes advantage of it and that will probably be very fast.

 

In any case, isn't mining kind of dead? I thought it wasn't profitable anymore.

Depends where you live. If you live in central asia f.e. and pay around 0,03ct per kWh it's still profitable.

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the ray tracing cores will be 100% unused in mining to someone develops an algorithm and coin to mine on them, GPU mining uses memory and cuda cores, both the Tensor Cores and Ray Tracing cores are unused

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