Nvidia LHR swerved by software with 'dual mining option'

[HEXUS]

T-Rex can mine two different coins simultaneously with a 70/30 GPU power split.

Read more.

[Spreadie]

Hardly a surprise - LHR was only designed to nerf ETH hashrates any way.

[Yoyoyo69]

So are we all in agreement LHR was designed to allow Nvidia to increase prices even further?

3060 with 12GB GDDR6? We all new it was a very peculiar mismatch, now we know why. Extreme shady, even by Nvidias standards.

[QuorTek]

Greed is a big factor... and greedy shareholders...

[QuorTek]

Greed is a big factor... and greedy shareholders...

here a 6900XT cost between 10000 and 13000 DKR... a 3090 cost 17000 to 19000 DKR...

[mazzy2u]

I dont think its going to make any difference to GPU prices, they will just move on to something that the GPU's are not limited by. If bitcoin did the same thing, then there might be a real change but while people are prepared to spend ridiculous amounts of money of mining rigs, GPU's and whatever else, this is just going to carry on.

[Gentle Viking]

Greed is a big factor... and greedy shareholders...

here a 6900XT cost between 10000 and 13000 DKR... a 3090 cost 17000 to 19000 DKR...

Yeah if you are a Dane and really want to go big, it have always been expensive, but even more so nowadays.
But these 2 high end card from the respective GPU brands you can actually buy, proshop have +10 different models ready to go, or at least in stock in remote warehouse.

Cheapest. XFX Radeon RX 6900 XT Speedster MERC 319 Black
Most expensive. Sapphire Radeon RX 6900 XT

Sorry only one 3090 in there the ASUS 3090 TUF, in the cheaper end.
The difference between cheapest and most expensive card ready to ship is 5000 DKkr, which is just about all i would ever pay for a GFX card.

[sinhaomar]

The appearance software with dual mining option is good news. The stock price of cryptocurrency should go down.

[Caimbeul2000]

If Nvidia and AMD just made mining specific cards that did a much better job than any GPU that would help. They'd sell a tonne and we'd start getting some GPU's and hopefully pricing that is no longer in the realms of lala land. I am genuinley on the verge of quitting PC gaming after 20yrs. The shortage/ridiculous pricing made worse by greedy immoral scalpers and crypto miners is one thing but when even regular retailers are at double RRP/MSRP just because they can is where this comes from for me. Long term, they'll lose because they are not trying to get these into the hands of legitimate gamers and we'll mostly be gone when normallity returns. Sure, there will still be PC gamer sout there but speaking to many people i know (in poerson, not just online), nearly 3/4 are considering giving up and just going the console route and most of these people are those with high end gear and regularly upgrade. Retailers need to get their act together and stop being greedy.

Edit: Sloppy spelling

[DanceswithUnix]

If Nvidia and AMD just made mining specific cards that did a much better job than any GPU that would help.

Sadly it wouldn't. ASIC miners already exist. ASIC miners have long existed for Bitcoin, which make GPU mining irrelevant there. That was one of the drivers for Eth, to have something that was more memory limited so an ASIC wouldn't have as much advantage over GPUs. So this inability for us to buy a GPU is by design, thanks team Ethereum.

But let's say AMD/NVidia released an Eth ASIC with HBM2+ or whatever we are up to these days. It could be the best Eth mining setup that technology allows, but now it becomes an arms race to buy those rather than GPUs. That's the basic problem with mining, you are turning hardware into money printing machines, and there is infinite demand for that. Worse than that, as the overall hash rate goes up your money printing hardware becomes less effective, so the earlier you buy it the better. That causes huge immediate demand for hardware. This uncontrolled growth in hardware demand is brushed off as "It's good for security".

If the difficulty bomb does go off in December (fingers crossed), then Eth stops being mined. People will defect en mass to other coins, swamping them and causing chaos. But it's been delayed before, so I will believe it when I see it.

[Corky34]

Added to that is there's limited fab space so any dedicated mining GPU would cut into how many normal GPU's you're making, unless you make them on an older, larger, process that isn't 100% used for other stuff.

It's a supply and demand issue. There's a limit to how much you can increase supply before you have invest/build more capacity and increasing you limit takes time and money, and the only thing that will effect demand is if people wise up and realise cryptocurrency is a Ponzi scheme.

[QuorTek]

Greed is a big factor... and greedy shareholders...

here a 6900XT cost between 10000 and 13000 DKR... a 3090 cost 17000 to 19000 DKR...

Yeah if you are a Dane and really want to go big, it have always been expensive, but even more so nowadays.
But these 2 high end card from the respective GPU brands you can actually buy, proshop have +10 different models ready to go, or at least in stock in remote warehouse.

Cheapest. XFX Radeon RX 6900 XT Speedster MERC 319 Black
Most expensive. Sapphire Radeon RX 6900 XT

Sorry only one 3090 in there the ASUS 3090 TUF, in the cheaper end.
The difference between cheapest and most expensive card ready to ship is 5000 DKkr, which is just about all i would ever pay for a GFX card.

I know right, but 5000 does not justify the gain you get.... uh FPS?!? its down to the marginals in which does better.

[DanceswithUnix]

If the difficulty bomb does go off in December (fingers crossed), then Eth stops being mined. People will defect en mass to other coins, swamping them and causing chaos. But it's been delayed before, so I will believe it when I see it.

... and now I'm reading that people are trying to get the difficulty bomb pushed back to May.

[Caimbeul2000]

Sadly it wouldn't. ASIC miners already exist. ASIC miners have long existed for Bitcoin, which make GPU mining irrelevant there. That was one of the drivers for Eth, to have something that was more memory limited so an ASIC wouldn't have as much advantage over GPUs. So this inability for us to buy a GPU is by design, thanks team Ethereum.

But let's say AMD/NVidia released an Eth ASIC with HBM2+ or whatever we are up to these days. It could be the best Eth mining setup that technology allows, but now it becomes an arms race to buy those rather than GPUs. That's the basic problem with mining, you are turning hardware into money printing machines, and there is infinite demand for that. Worse than that, as the overall hash rate goes up your money printing hardware becomes less effective, so the earlier you buy it the better. That causes huge immediate demand for hardware. This uncontrolled growth in hardware demand is brushed off as "It's good for security".

If the difficulty bomb does go off in December (fingers crossed), then Eth stops being mined. People will defect en mass to other coins, swamping them and causing chaos. But it's been delayed before, so I will believe it when I see it.

Fair enough