411–420 of 762 posts
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> they'll migrate the legacy chain to it and proof-of-work on Ethereum will end. Likely closer to: they'll create a mirror on the new chain and a group of unknown size will keep ETH 1 fork alive.
What will happen once the security guarantees of ETH2 eclipse ETH1?
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His point is that crypto mining isn't using some carbon neutral electricity that was just lying around unused. If crypto minors didn't exist that hydro electricity would have been used for something useful. So by mining crypto unless you actually build extra hydro power stations for them you are 100% adding to CO2 emissions.
I don't think that point is accurate. At best, it makes a ton of assumptions that aren't warranted.
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So we’ll see mod chips for GPUs soon?
YES! I hope so if only to feel like I am back in the scene for just a moment. Miss those days. Maybe they can mod the VBIOS to show the crack group's logo on bootup just like how old VGA cards would show some company text before handing off to the PC.
My Gigabyte motherboard is doing that. Ain’t too old, has AMD’s X570 chipset.
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> skeuomorphism of gold mining I'm gonna steal that one, thanks. :D
That's putting it in the best possible light. Mining gold leaves the world with physical blocks of gold, which has no continuous upkeep cost. "Mining" cryptocurrency leaves the world with an asset that requires continual upkeep (further "mining") in order to maintain that asset. Any significant drop in the network's hashrate opens it up to attacks. The upkeep cost for Bitcoin is, and by necessity must be, proportiona…
In other words, if you just mine a physical gold block, you don't really have an asset without the state's (or your own) continual upkeep that keeps it protected from attacks.
I wonder how much of this is Nvidia getting pressure from the Gaming industry to do something about it. As far as Nvidia is concerned they are selling as many units as they can produce, so it is a gold rush for them. The gaming industry I am sure is getting concerned that for their new AAA titles already under development which require these high end GPUs, their customers won’t be able to get ahold of them. Or at lea…
> As far as Nvidia is concerned they are selling as many units as they can produce, so it is a gold rush for them. It actually is not, because those cards sold to miners don't just magically vanish, when crypto prices finally fall the miners will flood the market and the prices for new cards will have to be depressed as a result. Mining sales should largely be thought of as a "pull-forward", they represent revenue th…
I would normally be appalled by such an action, but the supply issues for RTX 30x0 cards are beyond ridiculous. Mining trashes the environment and, for the majority of crypto assets/volumes, does not provide genuinely valuable economic activity besides speculation (I say that as someone who has put thousands of dollars into crypto in the past). Why should people who want to try some ML/DL at home (maybe they even nee…
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It doesn't matter. Gaming hardware will be used for mining as long as there is any single popular cryptocurrency that's POW and doesn't have dedicated ASICs.
On this point, I don't get why "ASIC resistance" is a feature of cryptocurrencies (Not that it's impossible, just something people like to say). We're in the same boat because no one can get a GPU, and at least those can game/do ML.
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Gold has an upkeep, Fort Knox doesn't operate for free, neither does a bank.
Plus, gold was created by a supernova so you should take that energy into account as well.