The real world facts, however, agree with me. The Bitcoin hash rate at the end of September was running 150 exahashes/sec. As of last night, it was 149 eh/sec. A 30-day moving average shows a slight increase since October, but nothing extraordinary. Yes, some miners are buying some 3000-series GPUs to mine with, but there hasn't been a 350% surge in mining, nor anywhere near it. Your statements that "miners will buy them all, no matter how many are made" and "the more they buy, the more they make" are both fallacious. When the hash hate climbs, ROI declines, and the payback period for a new card quickly becomes unattractive.Stop living in a textbook. The real world doesn't operate that way. Bitcoin is up over 350% since October.
As opposed to the thousands of tons getting burned pointlessly so gamers can shoot virtual bullets at virtual targets?What annoys me about the mining craze is all the thousands of tons of coal getting burned pointlessly so people can participate in a complicated tech lottery.
You're rationalizing your own belief system. Casual gaming might provide some benefits, but most psychologists would say that anyone who who considers themselves a "serious" or "hardcore" gamer is displaying at least borderline mental heath issues: addictive behaviour and lowered social interaction among them. And while investing in cryptocurrency may be gambling, mining certainly is not.Gaming provides benefits in mental health, socializing, among other things. Mining crypto is just gambling.
Not "all" other factors. It's simply the ratio of two ratios: the miners hash rate vs. that of the entire network, compared to currency value vs. the miner's expenses.Mining ROI is not tied to only the hashrate. All the other factors come into play. Speculators, investors, etc, etc.
Freedom comes with responsibilityIts people's own free will to do what they want to their computers. So, who are you or I to tell them what should or should not be done? Remember that they paid real money for the hardware and the power. They didn't steal nor rob.
I answered that point earlier. It would be more like dozens of tons.As opposed to the thousands of tons getting burned pointlessly so gamers can shoot virtual bullets at virtual targets?
Why not do at least a little math before making off-the-cuff statements?I answered that point earlier. It would be more like dozens of tons.
So why not responsibly give up gaming? And posting to message boards also? The CO2 you save may save a life one day.... 🙄Freedom comes with responsibility
And if you are in a country that regularly announces days where all electricity generation has been done with renewables (+nuclear I'm guessing) such as the UK?Why not do at least a little math before making off-the-cuff statements?
2.2 billion gamers worldwide * 200 watts/av * 16 hrs/wk * 52 wks/yr / 1000 (w-kw) / 8141 kw-h/ton = 45 million tons of coal. Per year. Every year.
Some systems may not use 200 watts, but then again there are many gamers using 400+ watt systems for far more than 16 hours a week. I also used the US figure for TCE, whereas the figure for anywhere in Asia and Africa is going to be lower. I think this estimate is far closer than your "dozens".
The real world facts, however, agree with me. The Bitcoin hash rate at the end of September was running 150 exahashes/sec. As of last night, it was 149 eh/sec. A 30-day moving average shows a slight increase since October, but nothing extraordinary. Yes, some miners are buying some 3000-series GPUs to mine with, but there hasn't been a 350% surge in mining, nor anywhere near it. Your statements that "miners will buy them all, no matter how many are made" and "the more they buy, the more they make" are both fallacious. When the hash hate climbs, ROI declines, and the payback period for a new card quickly becomes unattractive.
A) I partially account for that by using an ideal TCE figure, and furthermore so-called renewables also generate substantial CO2 emissions, though less than coal. I also ignore tertiary factors, such as additional cooling costs from heat output (which tends to outweigh any heating cost reduction).And if you are in a country that regularly announces days where all electricity generation has been done with renewables (+nuclear I'm guessing) such as the UK?
You stated my point more succinctly than did I. Kudos to you.Investing heavily into an illiquid asset to profit off a volatile market is the surest way to financial ruin. It's like buying a bunch of bulldozers in the middle of a housing bubble.
It isn't the new normal. It mainly happened because many people quit using PCs and laptops at home since they could do most of their home computing on phones and tablets so they didn't have a PC or laptop to do more serious work on. There is likely a good chunk of people also burning some of their stimulus checks on PCs and laptops to kill time while everything else is shut down. With a huge chunk of the potential PC-buying public having unplanned covid upgrades, sales should crash down to baseline or worse for the next couple of years after stimulus spending ends.I don't think we're in some sort of crypto-driven bubble -- I think this is the new normal. COVID and telework have changed consumer expectations and demands.
That is impossible for one simple reason: unified shaders. Rendering is a pure math problem, so is crypto-mining. If you wanted to make GPUs that can only do graphics and cannot be used for anything else, you'd basically have to go back to hard-wired rendering pipeline. Unless you want graphics to regress back to something like DX6, that isn't possible. Programmable shaders are here to stay and anything that would attempt to cripple programmable shaders for one particular use would likely cause many more headaches for game developers than crypto-miners.There should be a class of GPUs only for gaming and no extra features/functions.
Ok, so by now with all of you guys replying to my post, I now understand that what I said can't be done - a pure 100% gaming GPU only, but my question is: can it be done to a better degree as compared to how it is now?That is impossible for one simple reason: unified shaders. Rendering is a pure math problem, so is crypto-mining. If you wanted to make GPUs that can only do graphics and cannot be used for anything else, you'd basically have to go back to hard-wired rendering pipeline. Unless you want graphics to regress back to something like DX6, that isn't possible. Programmable shaders are here to stay and anything that would attempt to cripple programmable shaders for one particular use would likely cause many more headaches for game developers than crypto-miners.
If you look at the marked you will see that the price of all GPU rise. Even old cards like rx 480/580, even cards with miserable hashrate/watt - rtx 2000. No matter how bad is the hashrate of any gpu it is attractive for miners. That is weapon for the scalpers because the marked is empty and everyone miner or gamer want to get whatever is available and they are free to resell with +50% price. The things wont become better because if amd and nvidia rising the price now with rx6000 and rtx3000, their next gen will be way more overpriced on launch and even then rx 5000/6000, rtx 1000/2000/3000 even rx 400/500 will have acceptable profit for mining and the miners wont sell them until they are absolute unusable after 5+ years. The miners will become more and more next years and you won't get GPU at normal price anytime soon. Our only hope is etherium blocks to reach 8gb size so all 8gb GPUs to be less profitable and hope to not become tool for other crypto currencyThe RX 6000s GPUs are already having by design lower mining performance compared to their increase gaming performance vs the Navi 1 generation, so AMD did make a right step into not making these better at mining, but worse in terms of efficiency price/perf for mining.
Do you think automakers should be producing cars and trucks that can't carry cargo or make long-distance trips either, so that people buying these vehicles simply for joyrides don't have to compete with other buyers?I now understand that what I said can't be done - a pure 100% gaming GPU only, but my question is: can it be done to a better degree as compared to how it is now?
No, because games are also starting to use the GPU to run physics, AI and in some cases, some degree of other GPGPU. Anything that artificially degrades performance will likely cause issues in future games that make more extensive use of GPU-accelerated features beyond conventional shaders. The trend toward enabling shaders to do more different things and more complex math is continuing with next-gen GPUs introducing mesh shading. The more access shaders have to do more different things, the more difficult it becomes to prevent them from getting used for specific things since the added flexibility means more ways to work around arbitrary roadbumps.Ok, so by now with all of you guys replying to my post, I now understand that what I said can't be done - a pure 100% gaming GPU only, but my question is: can it be done to a better degree as compared to how it is now?
The issue IS the (hopefully) short term lack of devices.The irony in all this is that you -- and most of the other posters here -- fail to realize that, short-term issues aside, miners (and all the other non-gaming purchasers) are actually helping you by reducing the cost of a given level of performance. Most of NVidia's revenue comes from non-gamers. Without those additional revenue streams, they would be unable to devote anywhere near the development resources they now do to bringing new cards to market.
Nvidia would be doing perfectly fine without those "additional revenue streams", they'd just be having a 40-60% gross profit margin instead of 100+% on datacenter/AI/research/etc. stuff.Without those additional revenue streams, they would be unable to devote anywhere near the development resources they now do to bringing new cards to market.
Did you actually type that? Money doesn't grow on trees, nor do any other resources. Where do you think R&D dollars come from, if not gross profit margins?Nvidia would be doing perfectly fine without those "additional revenue streams", they'd just be having a 40-60% gross profit margin instead of 100+% on datacenter/AI/research/etc. stuff.
Because of tripe like you see on this message board, which forces NVidia to leave money on the table. And in any case, the miners and AI researchers and datacenters are still generating demand, demand which factors into NVidia's long-term projections controlling the amount of R&D resources they devote to future products.Also, profits from current elevated prices are going to scalpers and price-gougers, not Nvidia.
They were doing fine before these fictitious puff-smoke coins came to be and be mined. There was a time before Bitcoin and Co, you know? They still did good enough for R&D and all their dreams to come true...Did you actually type that? Money doesn't grow on trees, nor do any other resources. Where do you think R&D dollars come from, if not gross profit margins?