"Where Are My Graphics Cards?" - 3 Million Sold to Cryptocurrency Miners in 2017

[Totally]

I also remember doing a Bing Quiz and saw that Iceland needs more energy due to the mining craze happening, there. Not sure if mining is entirely to blame but it can be a cause to the problem.

That the least of of our problems, in the upcoming decides energy grids are going to be heavily burdened once EVs take off, and if wireless power/charging takes off wouldn't be surprised if whole grids we're brought to their knees.

 

[GorbazTheDragon]

EVs are just displacing existing energy use through fossil fuels. The investment that goes into the petroleum industry today will over time be shifted to other energy sources.

 

[techy1]

So, assuming the average crypto card is run at around 100w power, there are of the order of 300 gigawatts of power that are being wasted mining...

Based on that alone, I think crypto should be banned.

I was about to type something similar - one can only guess how much form existing GPU's run 24/7 for greedy individuals (these 3 million are only from 2017. Q4 or the whole year?)

 

[_JP_]

so owners of GPUs that can actually mine already are being encouraged to mine while not gaming, so as to try and offset the markups in the current GPU offerings.

Yeah, no. Hash rate isn't high enough and I'd wear down the hardware forcing me to buy new...for a ridiculous price in order to have a worthwhile jump in performance.

 

[trog100]

So, assuming the average crypto card is run at around 100w power, there are of the order of 300 gigawatts of power that are being wasted mining...

Based on that alone, I think crypto should be banned.

not that long back my pair of gaming 980 TI cards used maybe 400 watts while gaming.. high end AMD cards used even more.. you could use the same argument to ban gaming..

large scale mining farms are set up in places like iceland because of the cold climate and very cheap electricity.. its needs special circumstance like this to make large scale mining profitable..

icelands answer seems an easy one.. build more power generating plants and welcome the miners or jack up the price of electricity and drive them away..

trog

 

[killferd]

The future looks bleak.
Nvidia : with no real competition, and the miners finally gobbling them GTX also, the price is only seeing the up trend for considerable amount of time.
and that slight fall in supply though deemed "seasonal" makes me feel little worried too as with shadow play their next big game is subscription service model, as adding new customers each quarter is impossible after some limit, so they in reality have another incentive to constrain hardware supply.
AMD : they are laughing all the way to bank even with no competition at top end of spectrum. they can continue the same way and still demand a premium cause of mining. granted they are heavily focused on CPU side for now, and that gives me another reason to believe that they will continue the same way. to top it they are promoting CPU mining now too soo they also want to price their CPU's the way GPU's are right now.
#tinfoilhat #torches$pitchfork #deadenthusiast #prebuildonlyoption

 

[Chaitanya]

not that long back my pair of gaming 980 TI cards used maybe 400 watts while gaming.. high end AMD cards used even more.. you could use the same argument to ban gaming..

large scale mining farms are set up in places like iceland because of the cold climate and very cheap electricity.. its needs special circumstance like this to make large scale mining profitable..

icelands answer seems an easy one.. build more power generating plants and welcome the miners or jack up the price of electricity and drive them away..

trog

Unlike miner ****, gamers dont play games 24/7 for months on end. On average gamers spent only 5-7 hrs a week gaming so power consumption is just small fraction of what these mining rigs leech from grid.

http://www.nielsen.com/us/en/insights/news/2014/multi-platform-gaming-for-the-win.html

 

[trog100]

i am a miner and really dont like being referred to as scum.. this miner hate sh-t is getting a little out of hand.. he he..

trog

 

[iO]

I just hope Nvidia severely cripples the compute capabilities of the upcoming Geforce line and introduces cheaper Tesla models for mining only.

 

[LemmingOverlord]

i am a miner and really dont like being referred to as scum.. this miner hate sh-t is getting a little out of hand.. he he..

trog

Yeah. Aren't you responsible for the increase in carbon footprint and global warming?!

<raises fist in air>

Damn you, miners!

 

[Chaitanya]

i am a miner and really dont like being referred to as scum.. this miner hate sh-t is getting a little out of hand.. he he..

trog

I am refering to class who buys gpus in bulk and have datacentre-esq setups. Those are the ones burning a lot of electricity. Casual gamers who mine on side they are a little difficult to clasiffy though they are also adding strain on grid with their Pc and cooling setups. They are going to suffer adverse consequences of mining with reduced life of their hardware and having to spend on new hardware in case of a failure.

I just hope Nvidia severely cripples the compute capabilities of the upcoming Geforce line and introduces cheaper Tesla models for mining only.

How is anyone going to cripple compute capabilities without severly affecting gaming performance? It cannot be done in firmware as most miners run custom bios and it cannot be done in drivers as most miners will be on Linux or if on windows drivers are easy(relatively) to bypass.

 

[R-T-B]

@R-T-B may know some answers

I only took 2, so don't look at me. I officially bought more for gaming than mining.

Great, no one can track your transactions.

Actually, everyone can. That IS blockchain in a nutshell.

"Overall GPU shipments in the fourth quarter of 2017 actually decreased 1.5% from the previous quarter"

Still waiting on that production increase, that the mining defenders said was coming...

If it doesn't come, you have no one to blame but the manufacturers. Demand IS there.

So, assuming the average crypto card is run at around 100w power, there are of the order of 300 gigawatts of power that are being wasted mining...

Based on that alone, I think crypto should be banned.

I don't know, I think people should be allowed to "waste" their electricity on whatever they buy it for.

Yeah, no. Hash rate isn't high enough and I'd wear down the hardware forcing me to buy new...for a ridiculous price in order to have a worthwhile jump in performance.

You wouldn't wear it down in any meaningful way. That's really a myth.

Unlike miner scum, gamers dont play games 24/7 for months on end. On average gamers spent only 5-7 hrs a week gaming so power consumption is just small fraction of what these mining rigs leech from grid.

http://www.nielsen.com/us/en/insights/news/2014/multi-platform-gaming-for-the-win.html

they also don't tend to underclock for maximum efficiency.

Please don't refer to fellow forum users as "scum" btw.

I just hope Nvidia severely cripples the compute capabilities of the upcoming Geforce line and introduces cheaper Tesla models for mining only.

Hell no. Elite Dangerous really taxes compute as is! You can pry that kind of procedural generation from my cold, dead gamer hands!

 

[Casecutter]

silliness.... the 3 million cards sold only represent about 11% of the overall GPU sold for the period...

Was that discrete cards only or all iGPU? Then if it is just 11% of the overall discrete market, then that should hardly be making the effects we are in currently (no stock/extreme prices). I mean is 11% volume spread across everything from what had been considered "above entry" (1050Ti, 570 4Gb) on up really enough to cause this disruption? Then there's the memory shortage, said to account to a 20% slow-down...

I say I'm not sure if Jon Peddie can get down to the "granularities" of all the world wide sales outlets to actually see if 3 card here 5 cards there are being soaked up by DYI miners. They might be able to report the larger mining farms that have the inside track to see volumes sales (100's at a time) not going into retail but does he get information from Newegg, Amazon, and others and distinguishable as miners/gamers sales. I doubt such company's care to offer that information or have a fool-proof way to even sort it.

 

[ppn]

Hardware Disable cuda on all non quadro cards, like Sli is not present on 1060. Let miners buy quadro.

 

[Chaitanya]

I only took 2, so don't look at me. I officially bought more for gaming than mining.



Actually, everyone can. That IS blockchain in a nutshell.



If it doesn't come, you have no one to blame but the manufacturers. Demand IS there.



I don't know, I think people should be allowed to "waste" their electricity on whatever they buy it for.



You wouldn't wear it down in any meaningful way. That's really a myth.



they also don't tend to underclock for maximum efficiency.

Please don't refer to fellow forum users as "scum" btw.



Hell no. Elite Dangerous really taxes compute as is! You can pry that kind of procedural generation from my cold, dead gamer hands!

Sorry my bad, retracted the word.

 

[moproblems99]

Still waiting on that production increase, that the mining defenders said was coming...

I am pretty sure miners would like to see that too.

i am a miner and really dont like being referred to as scum.. this miner hate sh-t is getting a little out of hand.. he he..

Society should be thankful for miners, after all. They are keeping young minds away from violent and disturbing games that could warp their soft brain matter. Seems like a win-win for me.

Was that discrete cards only or all iGPU?

I would also be curious to know this.

 

[R-T-B]

Hardware Disable cuda on all non quadro cards, like Sli is not present on 1060. Let miners buy quadro.

And OpenCL? DirectCompute?

Both are more commonly used for mining.

Disable it too right? What about games that USE compute?

Sorry my bad, retracted the word.

I appreciate it, thanks.

 

[TheDeeGee]

Mining scum!

 

[yotano211]

i am a miner and really dont like being referred to as scum.. this miner hate sh-t is getting a little out of hand.. he he..

trog

Dont worry, trog, mad angry gamers are just jealous thay they cant get anything done and play games because they are bored in life. Playing games doesnt produce anything, at least mining is trying to create new tech.
*to mad angry gamers, why you so mad bro!!!

 

[Captain_Tom]

And the nail in the coffin for PC gaming just dropped. Thanks a lot you prick miners. I hope you bastards get regulated into oblivion.

Nope! Things could not be going better for us

https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/

https://finance.yahoo.com/news/wyoming-wants-silicon-valley-blockchain-155501435.html

https://cointelegraph.com/news/us-georgia-next-state-in-line-to-accept-crypto-for-taxes-licenses

https://www.coindesk.com/cftc-gives-green-light-for-employees-to-trade-in-cryptocurrencies/

 

[rtwjunkie]

Dont worry, trog, mad angry gamers are just jealous thay they cant get anything done and play games because they are bored in life. Playing games doesnt produce anything, at least mining is trying to create new tech.
*to mad angry gamers, why you so mad bro!!!

Oh come on man, at least be honest. I don’t care if you’re doing it or not, but be honest: you are doing it to make money, not create new tech. That’s the first I have heard of that reason.

What is said new tech supposed to produce? What is it useful for?

 

[yotano211]

Oh come on man, at least be honest. I don’t care if you’re doing it or not, but be honest: you are doing it to make money, not create new tech. That’s the first I have heard of that reason.

What is said new tech supposed to produce? What is it useful for?

Of course I am in it for the money, I still got in early enough to make some money from it. But I like the overall idea of blockchain tech, it might help out with commence.

 

[Captain_Tom]

Oh come on man, at least be honest. I don’t care if you’re doing it or not, but be honest: you are doing it to make money, not create new tech. That’s the first I have heard of that reason.

What is said new tech supposed to produce? What is it useful for?

Then please hear it again:

One reason I am involved in several Crypto's is I also believe they will do a lot of good for the world. Sure I am making bank, but not as much in the short term as I would be if I focused on projects from a purely speculative/profit-oriented point of view.

 

[Casecutter]

Playing games doesnt produce anything

Games don't but the advancements in such graphic technology in general goes hand-in-hand with many and much of todays movies. There are a lot of jobs that work in and on such advancements and gaming is more a low level use but honestly there's money from that that supplement the overall work. Although, probably less anymore because gaming house are anymore less about the "true immersive experiences" and more about money so less feeding of technology back and forth.

 

[yotano211]

Games don't but the advancements in such graphic technology in general goes hand-in-hand with many and much of todays movies. There are a lot of jobs that work in and on such advancements and gaming is more a low level use but honestly there's money from that that supplement the overall work. Although, probably less anymore because gaming house are anymore less about the "true immersive experiences" and more about money so less feeding of technology back and forth.

You can say the same thing with mining, its trying to advance a new tech and it employs people in the market.