Bad news from Nvidia | Bitcointalksearch.org

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: MP_SI on August 22, 2018, 01:22:51 PM

Hm ... in gold rush the people selling shovels got rich. Does this mean end of our digital gold rush??? Cry

They don't want to sell shovel chips because everyone was selling too. lol
Why do you have to worry when you can still mine with your own computer.

Quote from: Dzeronimo on August 22, 2018, 01:31:17 PM

Why is this the bad news for us? Do you think that more mining machines on the market will help us?

The more the mining the better but the mining difficulty will continue to rise so it would be very hard for most people that has their own mining rig.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: minerja on August 28, 2018, 04:24:49 AM

Quote from: Metroid on August 22, 2018, 11:48:55 PM

Quote from: P00P135 on August 22, 2018, 08:25:36 PM

All this means is we wont see those dumb mining GPU's without display ports.... so who cares.

which is actually a good thing, now manufactures have no reason to reduce warranty time. well they might create bullshit around just to reduce it. they have nothing that can prove if a gpu was mining or used for gaming.

Not quite sure why everyone keeps going on about the warranty.
I may be wrong, but as far as i understand, If the product is sold in EUROPE, the manufacturer HAS to back a full 12 months warranty, so long as the product has not been tampered with (which would include overclocking, but not factory overclock).
So basically, they have to either repair or replace the card, otherwise it could not be sold in EUROPE as it would not be fit for purpose....

If you look at easycryptohunter for example, they are a UK company specializing in mining rigs, and all their rigs come with 12 months warranty.
I'm guessing it may be different in other parts of the world...don't know

when I buy a 1080ti from evga it has a 3 year warranty.

and I don't have a lot of cheap power but I have some.

so a 3 year warranty = big value for me.

minerja

sr. member

Activity: 1249

Merit: 297

Quote from: Metroid on August 22, 2018, 11:48:55 PM

Quote from: P00P135 on August 22, 2018, 08:25:36 PM

All this means is we wont see those dumb mining GPU's without display ports.... so who cares.

which is actually a good thing, now manufactures have no reason to reduce warranty time. well they might create bullshit around just to reduce it. they have nothing that can prove if a gpu was mining or used for gaming.

Not quite sure why everyone keeps going on about the warranty.
I may be wrong, but as far as i understand, If the product is sold in EUROPE, the manufacturer HAS to back a full 12 months warranty, so long as the product has not been tampered with (which would include overclocking, but not factory overclock).
So basically, they have to either repair or replace the card, otherwise it could not be sold in EUROPE as it would not be fit for purpose....

If you look at easycryptohunter for example, they are a UK company specializing in mining rigs, and all their rigs come with 12 months warranty.
I'm guessing it may be different in other parts of the world...don't know

DrG

legendary

Activity: 2086

Merit: 1035

Quote from: BattleZeo on August 25, 2018, 03:55:33 PM

Quote from: SSend3r on August 22, 2018, 12:59:25 PM

News from Nvidia - they are out of the game now. Proof - https://www.ccn.com/nvidia-quits-crypto-due-to-low-profit-not-because-of-decline-in-demand/.

I am sure that the news is not so bad, just the time of mining video cards has passed, now everyone is buying ASIC miners, and this is progress.

Switching from GPUs and mining at home in a decentralized fashion to putting ASICs into data centers is progress? Shocked

Is your first name Jihan?

BattleZeo

member

Activity: 350

Merit: 10

Global loyalty & rewards

Quote from: SSend3r on August 22, 2018, 12:59:25 PM

News from Nvidia - they are out of the game now. Proof - https://www.ccn.com/nvidia-quits-crypto-due-to-low-profit-not-because-of-decline-in-demand/.

I am sure that the news is not so bad, just the time of mining video cards has passed, now everyone is buying ASIC miners, and this is progress.

stolarzz

newbie

Activity: 111

Merit: 0

Quote from: swogerino on August 25, 2018, 09:10:57 AM

The less cards on the market in theory , the more rewards for the ones left to be used in mining. The fact is I am not seeing it in practice, in fact the difficulty for mining ethereum is skyrocketing day by day.

A mining rig with 6 x Rx 580 can only make 0.50 mBTC daily for a hash rate of 180 mhs. I guess it is game over for mining with Gpu-s.

Not true, the same net hashrate over the month

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

The less cards on the market in theory , the more rewards for the ones left to be used in mining. The fact is I am not seeing it in practice, in fact the difficulty for mining ethereum is skyrocketing day by day.

A mining rig with 6 x Rx 580 can only make 0.50 mBTC daily for a hash rate of 180 mhs. I guess it is game over for mining with Gpu-s.

Xexen4

sr. member

Activity: 756

Merit: 290

nvidia made aths on bull market and the mining gpu cards were plundered by miners. after the trend going down all of us lost our hopes from mining revenues. i think this idea will broke again on bull market.

vuli1

jr. member

Activity: 238

Merit: 3

Quote from: Privatoria on August 24, 2018, 10:33:34 AM

It means they perfectly know that their new cards are not so good in mining and there is almost no difference with GTX1000 series cards.

make no sense. better core, faster gddr. Hash will or at least should improve something. maybe software will nee some tweeking afterall.

ZoomhashLLC

newbie

Activity: 70

Merit: 0

Quote from: SSend3r on August 22, 2018, 01:04:11 PM

Guys, what do you think about this? I hope that Samsung will not stop developing their chips for miners, because it can cause an alarm on the cryptocurrency market.

I think this is extremely interesting. I was under the intention they were creating a whole new line of GPU's to adhere to the crypto-mining market! My question is, how is the crypto-mining GPU market any less profitable than the gaming GPU market? They sell for really similar costs, and you would think enough people are purchasing their GPU'? Maybe not..? Warranty would surely have to get more strict for crypto-mining applications.

Privatoria

member

Activity: 352

Merit: 10

It means they perfectly know that their new cards are not so good in mining and there is almost no difference with GTX1000 series cards.

TucoRamirez

full member

Activity: 330

Merit: 123

Just watch everyone jump back on the bandwagon once the price and profitability start to go up again. Grin

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: P00P135 on August 22, 2018, 08:25:36 PM

All this means is we wont see those dumb mining GPU's without display ports.... so who cares.

which is actually a good thing, now manufactures have no reason to reduce warranty time. well they might create bullshit around just to reduce it. they have nothing that can prove if a gpu was mining or used for gaming.

P00P135

full member

Activity: 1124

Merit: 136

All this means is we wont see those dumb mining GPU's without display ports.... so who cares.

nsummy

full member

Activity: 1179

Merit: 131

Quote from: ARENA-DEV on August 22, 2018, 02:54:28 PM

Quote from: nsummy on August 22, 2018, 02:36:29 PM

Quote from: Marvell2 on August 22, 2018, 02:21:44 PM

The important thing to note is bitmains profits for sales divison alone was greater than the entire
Nvidia sales from all units by 50 percent.

This from what I am reading does not even add in thier hidden and semi hidden mining ops.

smh

Not even close. Nvidia's revenue for last quarter was $3.1 billion.

Was this in total or for that specific project? They specified that the Crypto Venture generated ~500 million hence the shutdown because Bitmain is a company that is soley focused on Crypto. They cannot compete so they are sticking with what they know. Wink

What on earth are you talking about? That was total. There is no shutdown. Nvidia is still making graphics cards and gpus are still being used for mining. There currently is no extreme demand for graphics cards from miners so they do not anticipate any extra revenue from miners. Bitmain is a private company so any profits of theirs is purely speculation.

ogabonny

newbie

Activity: 102

Merit: 0

Not really devastating as mining is not as profitable as it used to be and a lot of miners are even considering their GPU cards at some good price.

fanatic26_

full member

Activity: 294

Merit: 129

This news literally means nothing. The mining cards were near impossible to get and had dogshit warranties. As someone who mined with 10k plus graphics cards I never even entertained the thought of buying the mining specific versions.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: butka on August 22, 2018, 03:01:10 PM

What kind of crypto related venture Nvidia took part in?

Well to quit something they should have got into crypto, so nvidia never quit crypto because they never got into it besides the p102-p04 mining cards which 99% of miners never got to try them hehe, p102 and p104 were totally centralized mining cards, only huge farms got them, so if that is the case I'm glad nvidia quit it hehe, its a favor they did for the decentralized mining community as a whole.

butka

full member

Activity: 434

Merit: 246

I have real problems to understand the post you refer to. For example, what does this mean in the linked article:

Quote

Jensen Huang, the CEO at Nvidia, echoed the negative sentiment of Kress, adding that the profitability of its cryptocurrency-focused mining chips has declined substantially, as the price of cryptocurrencies moved to a downward trend....

...the profitability of Nvidia’s cryptocurrency venture

What kind of crypto related venture Nvidia took part in? And what kind of mining chips are they talking about? I didn't know they had plans to enter the ASIC arena, or did they? On the other hand, the GPU's are made for their primary target: the gaming community. The fact that they are being used in mining is just a side effect of their availability.

idex100

newbie

Activity: 224

Merit: 0

Quote from: Dzeronimo on August 22, 2018, 01:31:17 PM

Why is this the bad news for us? Do you think that more mining machines on the market will help us?

The problem is not really the scarcity of mining cards but mining itself, this is of no consequence if mining were ok. more persons will start mining and difficulty will increase and everything is back to the usual state. There are already enough gpu cards for mining

Topic: Bad news from Nvidia (Read 1011 times)