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If Nvidia & ATI made graphics cards made specifically for mining and others for gaming .. I don't wish to mine but it's impossible finding 3xxx series cards without paying a 30-50% scalper premium.
But the new mining cards suck compared to current GPUs. They must be getting the mining cards off of an old process node that has capacity. No one will buy these mining cards if they can get GPUs with higher hash rates.
I saw a comment somewhere and I think the person was right. This move looks like it's trying to help the home gamer, but in reality it will start putting an end to the home recreational miner. ie. someone like me that has a gaming pc and wants to make a few bucks with his pc when it's not gaming. So in the end they are helping the professional miner. There have been reports of Nvidia (and I believe AMD) selling direct to miners, so they really don't give a crap who they sell to.
Mining profitability is back to trending down. I'm only rated for $4/day profit to mine ETH. I may bail soon if it doesn't get back to $5/day.
On the bright side, maybe others will start bailing too and GPU prices will come down.
Decentraland’s MANA token hits new ATH with Atari set to build in-world casino
MANA's surge was followed by Atari's ATRI token, and Decentral Games' DG token — all three of which soared to new all-time highs in the wake of the news.
Nvidia confirms it accidentally unlocked RTX 3060 Ethereum mining - The Verge“A developer driver inadvertently included code used for internal development which removes the hash rate limiter on RTX 3060 in some configurations,” says an Nvidia spokesperson in a statement to The Verge. “The driver has been removed.”
While Nvidia has now removed the driver, the genie is out of the bottle. Nvidia’s latest 470.05 beta driver automatically unlocks performance for most RTX 3060 cards, boosting hashing rates for Ethereum mining. Mirrors of the driver can easily be found online, and Nvidia won’t be able to prevent RTX 3060 owners from continuing to use this driver in the future.
I mined ETH directly to my Binance account. I then sold it for USD and then bought RVN with that cash.
If your game plan is to mine and then do something other than HODL, mining to an exchange is the way to do it. If you mine to a wallet you are going to waste money transferring the ETH to an exchange.
Originally i mined to a wallet but the gas price to move money out of that wallet to an exchange was obscene.
i see. I was thinking of just going the easy route and use nicehash to mine and then once in a while transfer BTC over to some place like coinbase and then when the electric bill comes, convert to USD.
i have to look up my electric rate, but at the default 0.1 USD/kWH, its estimated to make $3.28/day profit with my 3060.
I used Robinhood just because it was easier (plus they front up to $1k while transferring money so you can invest immediately), but I'm sure there are others.