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Nvidia Crypto mining cards are now on sale (and they are extremely overpriced).

ZuppaSalata
15 hours ago, Nathanpete said:

It really is a shame that Nvidia is choosing short-term profits over preventing e-waste

It’s not short term profits, it’s long term. Without good used GPUs, you’re forced to buy new ones from them instead of a used one! They’ll sell three GPUs instead of one.

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13 hours ago, Moonzy said:

You might wanna revisit that

The "accident" unlocking of the limiter was actually for gamers to mine, not large scale miners

They're doing gamers a favor here, at least that's what I found out from my testings

Wait, for real?? Why would a budget gamer using a budget GPU for mining and the chance is extremely high she/he will only have one GPU.

I doubt it's profitable but I guess it depends on which country where electricity doesn't cost shit.

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9 minutes ago, CTR640 said:

Wait, for real?? Why would a budget gamer using a budget GPU for mining and the chance is extremely high she/he will only have one GPU.

I doubt it's profitable but I guess it depends on which country where electricity doesn't cost shit.

This assumes bad rates, no undervolt and average electricity costs.

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15 minutes ago, CTR640 said:

Wait, for real?? Why would a budget gamer using a budget GPU for mining and the chance is extremely high she/he will only have one GPU.

I doubt it's profitable but I guess it depends on which country where electricity doesn't cost shit.

Current testing shows that if you want to mine with a 3060 and 470.05 driver, the card should have at least x8 bandwidth and is connected to a monitor.

The later is very simple, a HDMI deceiver will work. However, the first one is very difficult. Mining farms often use x1 to x16 riser. I don't think any mining farms would buy CPUs like Xeon or EPYC for mining.

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5 minutes ago, CTR640 said:

Wait, for real?? Why would a budget gamer using a budget GPU for mining and the chance is extremely high she/he will only have one GPU.

I doubt it's profitable but I guess it depends on which country where electricity doesn't cost shit.

The 3060 is one of the most efficient mining gpu, as efficient as 3080 and slightly behind 3060ti and 3070, some reports suggests it's the most efficient card

 

So if it's unprofitable due to electricity cost, then nothing is for your region

 

Feel free to calculate the profit with this calculator:

https://www.cryptocompare.com/mining/calculator/eth?HashingPower=50&HashingUnit=MH%2Fs&PowerConsumption=160&CostPerkWh=0.12&MiningPoolFee=1

 

3060 is around 50MH/s

wattage varies from 110-120W for mining load (requires undervolt but you can always set two OC profiles, or just use the undervolted profile to play games like I do)

I put in 170W to also factor in idle PC components, 50W is very accurate estimate from my testings with my wattmeter and software GPU wattage readings

You can key in the electric fee, the national average should be around 0.12$/kwh

And you should get your result of whether it'll be profitable

 

Fyi, profitable =/= get rich quick, it's slow but steady, mining for few months = new cpu or gpu

-sigh- feeling like I'm being too negative lately

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In other news - these will still sell

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2 hours ago, Tristerin said:

In other news - these will still sell

~25MH at $700? Idk

Unless there's literally nothing else in the market, even at scalper pricing

 

3060 with hash rate limiter is kicking out 25MH still, and it's around $800 for my location

And it has resale value, possibly more efficient than something based on turing too.

 

Idk how much people are willing to pay for this

-sigh- feeling like I'm being too negative lately

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2 minutes ago, Moonzy said:

~25MH at $700? Idk

Unless there's literally nothing else in the market, even at scalper pricing

 

3060 with hash rate limiter is kicking out 25MH still, and it's around $800 for my location

And it has resale value, possibly more efficient than something based on turing too.

 

Idk how much people are willing to pay for this

Two thoughts - from me

 

Those serious into crypto that arent a corporate farm - are doing this for the long haul.  Cash is worthless (ever heard of that alt currency called USD thats backed by...nothing but...taxation?) in the long run for those in for the long haul.  $700 isnt anything in the grand scheme of things, having workers is.  

 

Now, is it WORTH $700 - no.  But neither was bitcoin not so long ago.  Risk reward.

 

 

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FUCK, Might as well move over to AMD's side at least they are "trying" to be the good guys

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I assumed crypto specific cards would have to have significantly lower cost than a gaming card because a crypto card does not retain much of any value after it is no longer useful as a crypto card whereas a gaming card maintains at least some. That cost difference has to reflect in price or why buy one?

Not a pro, not even very good.  I’m just old and have time currently.  Assuming I know a lot about computers can be a mistake.

 

Life is like a bowl of chocolates: there are all these little crinkly paper cups everywhere.

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2 hours ago, Bombastinator said:

I assumed crypto specific cards would have to have significantly lower cost than a gaming card because a crypto card does not retain much of any value after it is no longer useful as a crypto card whereas a gaming card maintains at least some. That cost difference has to reflect in price or why buy one?

It would be fascinating to see what data nvidia has that allowed their analysts to justify these cards. Either the manufacturing costs are extremely low or the demand from miners really is that high. 

 

I just don't get the logic from miners saying that a product that isn't designed for their needs is somehow trampling on their free will, somebody explain. Nvidia is probably wishing they'd just kept the details of the hash limiter to themselves and just played dumb if miners complained.

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Ah yes, the Hunter becomes the prey

miners jacking up prices for things that other miners want, such s a v a g e s 

Don’t take everything I say seriously 

take it with a grain of s a l t

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On 3/19/2021 at 6:14 AM, mwagen said:

It would be fascinating to see what data nvidia has that allowed their analysts to justify these cards. Either the manufacturing costs are extremely low or the demand from miners really is that high.

It's easy to see demand is high. Stuff sells out faster than a hot knife cuts through butter. Miners, especially farms, will buy it regardless, so they are just exploiting a profitable market section.

On 3/19/2021 at 6:14 AM, mwagen said:

I just don't get the logic from miners saying that a product that isn't designed for their needs is somehow trampling on their free will, somebody explain. Nvidia is probably wishing they'd just kept the details of the hash limiter to themselves and just played dumb if miners complained.

At the risk of reopening a can of worms, because this is the same as not allowing people to game on Xeons or Threadrippers, not allowing CAD or video rendering on non-workstation cards etc. Nvidia forbids the use of GeForce in datacentres already, for example, but as usual people won't complain until it affects them. Deep learning people were not pleased, but the rest didn't really care. Now supply is low and gamers get upset because they can't get a card. Miners get upset because Nvidia is blocking their activities. In the end Nvidia can do what they want and we're all just pointing fingers at who we think is the "evil" party.

 

If they kept silent about it it would probably have backfired as well, because it would've been discovered immediately and Nvidia would have been called out on secretly discriminating against part of their userbase or even potentially gotten into legal trouble for it.

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Civil rights arguments in general can be problematic. They can be extremely pertinent,  but the argument has been used in the past when a group can’t use their real reason because it’s unworthy.   I suspect that is the case here.

Not a pro, not even very good.  I’m just old and have time currently.  Assuming I know a lot about computers can be a mistake.

 

Life is like a bowl of chocolates: there are all these little crinkly paper cups everywhere.

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2 minutes ago, CorruptedTech said:

Can somebody gimme a rundown of what mining is?

Should be numerous videos on it.  LTT did one some time ago iirc. 

Not a pro, not even very good.  I’m just old and have time currently.  Assuming I know a lot about computers can be a mistake.

 

Life is like a bowl of chocolates: there are all these little crinkly paper cups everywhere.

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2 minutes ago, CorruptedTech said:

Can somebody gimme a rundown of what mining is?

simplified technical explanation: randomly guessing a number until u find the right one and get rewarded for it, the number is used to add a block to the blockchain and continue to the next block

-sigh- feeling like I'm being too negative lately

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4 minutes ago, CorruptedTech said:

Can somebody gimme a rundown of what mining is?

This isn't the thread for that, if you want to know what mining is, please check the appropriate forum section, read the pinned threads, etc...

 

 

If you need help with your forum account, please use the Forum Support form !

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23 minutes ago, wkdpaul said:

This isn't the thread for that, if you want to know what mining is, please check the appropriate forum section, read the pinned threads, etc...

 

 

Oh my bad, I will go to another forum section. 😉

go follow @sub68, @King of Memes and @wkdpaul.

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