Bitcoin Forum

Nvidia is releasing their new graphic cards next week and LHR cards get fully unlocked this week? I doubt that this is a coincidence, its like Nvidia stands to gain a lot from this, is Nvidia the supposed hacker that gave Nicehash the unlock because that's how this looks to me right now, this whole thing is suspicious.

The used GPU market in my country is impressively strong. I believe Nvidia is mindful of that and this is their way to put an end to it. I particularly just sold some LHR GPUs this week and have a few founders 3070s incoming. I feel pretty stupid.

yep... Indeed this ss a very strange thing, in a blink of an eye everyone has unlocked the LHR cards. There is more to this that met the eye 👁️ .

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Trust or no trust I don't care, the LHR unlock works so why should I be wasting time to know how the unlock took place? It could be Nvidia playing their games again or just an hacker but who cares? As far as it works its a win win situation for all.

What protection would still be broken, but we did not know when this would happen. For Nvidia, the most correct decision was to initiate a hack of the LHR algorithm before the end of Ethereum mining, but they probably did not expect that the price of Ethereum would decrease significantly

Remember the point of the LHR cards. It was mostly introduced because gamers were whining to Nvidia how they can’t purchase any GPUs because they were sold out due to miners buying everything and they had to overpay from scalpers.

So they did it mostly to please the gamers. No idea if it worked or not. Miners still bought their cards. However now that GPUs are becoming more accessible and less miners are buying them due to ETH low profitability, they might as well unlock them.

As you said, miners still bought their cards, and unlockers are forcing Nvidia to spend more money to try to improve LHR.
Add to that the stupidity of deliberately alienating valuable customers and it looks like a massive failure. The only winner seems
to be AMD because their GPUs became more competitive for mining, and maybe those lucky few that got non-LHR cards at MSRP.

Now there is no shortage of video cards, so LHR restrictions are meaningless. Probably it was Nvidia that helped the miner developers solve the problem, because they used to say that it was impossible to do it. And gamers are in no hurry to buy the RTX 3000 series.

The saddest part is that NH has it, why wouldn't it be someone else aside from this miner app. I've quitted mining in NH long ago and switched to pool. Any ways let's just hope we can grab those new cards at MSRP or else, back to square one finding it first. In the end it is all about money and how to accumulate more, let's just hope we can make money even this kind of things happen, use it in your own advantage.

I assume it's a rhetorical question, but someone had to pay LAPSUS$ for the LHR source code.

yes as a coincidence it is quite strange to discover the 100% unlock in conjunction with the release of the new lhr cards, but I think nvidia has nothing to do with it, what's the point of releasing some gpu lhr and providing the unlock at the same time?

The cards were produced in the past few weeks or months. And it was a hardware mod. So hence why they released a software mod right now. It makes sense.

Right now gamers have more access to GPUs to they aren’t whining as much as in the past. If you went to any gaming forum or Reddit you would see all the hate towards miners. Now they are happy so no more point of LHR.

You are right to be suspicious. nVidia probably knows we would figure that but since they also know that we can't prove it, they don't care. I always bought nVidia GPU's but what if AMD is also hiding something like this from us? In the end nothing will change. People will buy the best GPU for their buck whether it is AMD or nVidia.

And don't look at intel. They have been placing spyware in your CPU's for the NSA for a long time.

Nvidia GeForce RTX 4000 GPU range could arrive “mid July”
16/05/2022 Kopite7kimi has clarified that the RTX 4000 series could launch “mid-July”.
https://www.pcgamesn.com/nvidia/may-release-geforce-rtx-4000-gpus-sooner-than-expected

This is probably done in order to sell off old stocks of video cards.
If the 4000 series is released, then the top models of the 3000 series should be discontinued.

It will suck at mining because of the low memory bandwidth relative to the core TFLOPs. The only algos that the RTX 4000 / RX 7000 series will deliver bang-for-buck are ProgPoW, FiroPoW, KawPow and other power-intensive ones. The new generation has great TFLOP/W efficiency, but poor GB/s/W efficiency.

Shintel cards will have the same problem, but if they're priced low enough, it could work.

Bottom line: wait for gamers to snap up the new gen, prices of the RX 6000 / RTX 3000 series to be driven down, then buy RX 6800 or RTX 3060/Ti cards when they fall below MSRP. Wait for the next gold rush.

I've always preferred AMD to Nvidia when it comes to their products.  Especially when it comes to mining.  My AMD VII's are some of the best GPUs I've ever owned and they absolutely destroy any of the other miners I have going right now, even though I have much newer Nvidia cards.   

I can't really explain it, but something about Nvidia as a company rubs me the wrong way.  I own plenty of their hardware, and it isn't bad or anything.  There's just something about the way they do business (hashrate lock is a good example) that makes me feel like they're snake oil salesmen or something.  I'm sure there's a nefarious answer for the question of why they did what they did to miners and the timing of things now.  I doubt we'll ever know the truth though.

When it comes to mining I also preferred AMD. Most of the mining GPUs I had were mostly AMD.

If you were around mining Litecoin back in 13-14 you most likely used AMD because they were much more efficient than Nvidia.

The biggest issue was the price with Nvidia. And buying them second hand from a gamer? You never got any deals. They were all like “This is an Nvidia GPU…. I know what I got”. And most AMD people sold it for best offer.

This is just my experience.

getting earlier huh..previously it was in the 3rd quarter..hmmmmm

my hunch is getting stronger..it is 3xxx refresh! aaaaaaaaaaand they might want to catch the last bull trap before "the real bear market" LOL

In mid-July, we will already have more information about the end of Ethereum mining. If gamers will buy these video cards at expensive prices, then I will not interfere with them. It will take several months to reduce prices for new models and optimize miners.

That makes the case for not buying the new generation, and waiting a few months to get good deals on the old generation, even stronger. My prediction is that RTX 3000 or RX 6000 rigs will last a long time because of their decent memory bandwidth, reasonable core FLOPs and low cost in the future. Even the RTX 2000 super series or the RX 5700 will be viable for 2+ years.

nVidia will be preferred over AMD for mining, since it's good at a variety of algorithms. Radeon is only good at FiroPoW/KawPow/ProgPoW or CryptoNightGPU, at which point the new gen makes more sense for those algos anyway because of the great compute efficiency.

I don't see any reason for the high demand for the new generation of video cards, because after the end of ethereum mining, a lot of used video cards will be sold on ebay and similar online stores. I will wait for the results of tests on the main algorithms and memory temperatures in mining.

There will be very high demand from gamers. Gamers will make up 90% of the GPU market at that point. They will love the doubling of framerate at relatively lower prices.

The demand for the old generation will be close to zero, since they will be most useful to miners. Most miners will be liquidating their rigs and very few will be building new rigs, since PoS will have happened. Therefore, I see RTX 3060's costing $200, RX 6800's costing $400 and RTX 3080 Ti cards being available for just $550.

Message me when you see these prices.
And how much do you think the RX 580 8 GB will cost?
Will RX 470 4 GB be given away almost for free?
I think that most gamers will be happy with the RX 6800 or RTX 3080 Ti for 3-4 years.

4k gaming in 3xxx is lacking fps...it seems 4xxx is about to deliver that minimum 100fps for 4k (resource demanding games)

4xxx is majority core upgrade but not memory..memory performance (mining) is a refresh but core is a gaming upgrade.

For non 4k gamers yeah, 3-4 years, for 4k gamers maybe they can't resist this 4xxx cards.

When I bought dozens of RX 570 cards in early 2018 for customers for $370 each, I thought it was crazy for them to fall to even MSRP, let alone $100. I was so confident in crypto that I thought ETH price would fall to $300, worst case. Worst case, they would go down to $200/card, and we'd make up the difference by mining? Right?? Yet I ended up liquidating them for just $100 per card at the end of 2018, which was a stupid decision.

Since the ETH network hashrate is quadruple what it was in 2018, I think we'll see as bad of a crash in GPU prices as we saw back then. Yes, half of that hashrate growth is due to Moore's Law, but that's still double the video cards that are on the network as in 2018. The GPU market is already slowly decaying to MSRP anyway. Once Intel enters the arena this summer, I expect AMD/NV cards to be at MSRP. Then, after the PoS merge, that's when the real crash will happen. It will happen in days instead of months. Gradually, then suddenly.

I wouldn't be surprised if:

RTX 3060: $150 each
RTX 3080 Ti: $500 each
RX 6800: $250 each

The AMD Polaris series is really inefficient by now and is terrible on any non-ETH coin. It will have no purpose for mining. The only people who'll buy RX 400/500 cards are low-budget gamers. So yes, they'll be almost free. Even worse, gamers who've been stuck on those cards for years because of high GPU prices will suddenly sell, then upgrade to like a used RX 6700 XT or RTX 3060. I expect $40 for the 4GB versions and $60 for the 8GB versions.

Gamers won't be enthusiastic about the RX 6800 or RTX 3080 Ti's either, because the new gen will be twice as good. So there will be plenty of selling pressure at the high end as well.

I expect AMD prices to fall harder than NV prices, because (1) AMD cards are best on ETH (2) NV has better gaming brand recognition.

The question is, how many gamers are out there looking for GPUs?

There are millions of GPUs which might hit the market soon. Is there enough gamer demand for all of them?

I am sure all these gamers will be low balling miners like crazy since they know those GPUs are not good for mining anymore and will want them at rock bottom prices.

I don't think the number of PC gamers in the world has doubled over the past 4 years. At best, 1.5-1.6x. Meanwhile, the number of video cards that are mining has more than doubled.

To make matters worse, they will flock to the RTX 4000/RX 7000 series because of the doubling of framerates. Only budget gamers will want used mining cards below the RX 6800 XT or RTX 3080.

I think the only miners who will buy these cheap cards will be those who believe in the long-term future of GPU mining, like me. The get-rich-quick miners who sell for fiat every day will be gone.

Are you sure? 3070 is more than enough for every new games coming out to PC this days, you will be getting over 100 FPS on every titles using one of these cards on PC this days, only very few of PC gamers use GPU like 3090 for gaming, even if one is using 4K monitor a 3070 is more than enough.

Then gamers are crazy lol, a 3080 fit gaming is overkill and this days that 3070ti and other have DLSS compatible gaming won't require higher-end GPUs anymore, this is a new AI tech that makes gaming runs better using higher framerates, do research on DLSS @Coinfarm ventures.

Gamers are not crazy. If miners are liquidating RX 6800 cards for just $400, then suddenly the RX 6800 is a 'budget card'. Gamers who have been using old GTX 1070's or RX Vega's will sell their card and buy these cheap RX 6800 cards. DLSS doesn't matter when the raw performance of a RX 6800 can be had for just $400.

'AI tech' will only help sell the new generation, thus depressing prices for the older generations, which will hurt miners. It will be a huge feast for gamers while miners who bought these cards at inflated prices will suffer.

What is there to suffer about? Miners like me cares about the hashrate I will get from a card not about how old the card is, either newer gen or older gen graphic cards all I care about is the raw power in mining.

Then be prepared to eat the extra power bill. Efficiency on non-ETH coins will matter very much because the longer you can absorb the losses, the longer you can survive during a bear market. The price of video cards is very important because if they are half the price, you can buy double the hashrate. The minimum standard for this bear market will be an RTX 3000 / RX 6000, and generations older than that will be obsolete for mining and 90% of those rigs will be liquidated to low-end gamers.

Nvidia is now starting to lose partners as a result of their behavior. I have no doubt that the LHR lock is the main reason why. I can only imagine the issues this caused their partners. EVGA has said they’ve had enough and are exiting the GPU business entirely, blaming Nvidia’s behavior. I hope this is just the start of Nvidia’s problems. That company is being led by fools and I’m glad that big business has taken notice.

Old post but very relevant to things right now, if you said that a 3080 would be a negative profit after eth merge in april, trolls would laugh at you, now they see reality with their own eyes, make note that in few years they will say there was never a negative profit with a rtx 3080, hypocrisy.

Due to the (very) high powerbills RedPandaMining has switched off most of his mining rigs.
Not everybody can sustain the electricity costs of today as not everyone has access to solar power or low electricity prices.

Even if they had, electricity worldwide increased a lot, the little you would pay it would be enormous. So best thing to do is shutdown everything and dont look back, sell most of it and be done with it, time the next bull market and win, don't ever mine in a bear market.

Mining has not died. But it has become difficult to look for prorfit coins. Before this, there were many bloggers who were housewives, and then they learned how to install video cards in a raiser and connect it all to the motherboard :)
The market needs to clear out newcomers who knew nothing but Ethereum. I've watched miner chats, and you can't imagine how many fools there are. Without detailed instructions, they cannot create a new BAT file or set up the mining of a new coin in Hive OS.
I'm not going to shut down mining farms even if there is a loss, because I want these fools to sell their video cards faster.
Maybe it's rude?

Noone said mining died and Red Panda Mining said it quit well in his YT video https://www.youtube.com/watch?v=HBacdw6gf14
and maybe it is a bit rude and selfish as you have access either solar power and/or very cheap electricity costs  ;)

Now it makes no sense to talk about profit even on free electricity. NVIDIA GeForce RTX 3090 will pay off in 5 years.
We need to wait until the GPU miners capitulate.