Earlier quoted context omitted.
Let's hope someone comes up with a coin staked on the removal of CO2 from the atmosphere!
how would you prove that it has happened?
Atmospheric data, pay an average to each person in the country.
TSMC hikes chip prices up to 20% amid supply shortage
381–390 of 620 posts
Re: TSMC hikes chip prices up to 20% amid supply shortage
#382Earlier quoted context omitted.
US Manufacturing is still going. In fact, we manufacture more than ever. Folks conflate manufacturing with manufacturing _jobs_. Our manufacturing is more efficient then ever which is why you constantly hear this false refrain that US manufacturing is down or gone.
people always point to this dumb metric, "we're producing more than ever" compared to ourselves, while ignoring that the number in comparison to the rest of the world has dropped massively. Our share of global manufacturing is tiny compared to what it used to be
I've worked for manufacturing companies my entire 30+ year career. It's not a dumb metric. It's usually pulled out in response to the silly complaint that "the US doesn't manufacture anything anymore."
Sure, our share of global manufacturing is smaller, but that's hardly surprising when many more countries up their manufacturing game. A more interesting metric would be US percentage of total worldwide manufacturing as a function of sophistication: I'd rather be building complex medical instruments than toasters.
Re: TSMC hikes chip prices up to 20% amid supply shortage
#383Supply shortage is another way of saying demand excess. I don’t see much evidence that TSMC ever really slowed production, at least for their most advanced processes that are in high demand. This is yet another way we’re all forced to pay the price for cryptocurrency. As long as GPUs are profitable for mining, they will be purchased and put to work. The saddest part is that each additional GPU added to the mining net…
BTC GPU mining hasn't been profitable for years. ETH GPU mining (the main one) has gotten way less profitable recently and is scheduled to not be a thing in 6 months to a year. The GPU demand for mining has already lessened in the last months and you can see decreased 2nd hand prices.. Every comment that blames BTC for chip shortages is likely largely incorrect and looking in the wrong place.
What do you think ASICs are made of?
Re: TSMC hikes chip prices up to 20% amid supply shortage
#384Would anyone else on here be willing to pay money for a data feed that showed you real-time measures of semi manufacturer capacity?
Re: TSMC hikes chip prices up to 20% amid supply shortage
#385Earlier quoted context omitted.
I agree with this but it's even worse than that. Estimates on Bitcoin energy usage put it at over 1TW now. I believe it was comparable to the energy consumption of Argentina. Advocates will defend this by saying most energy usage is renewable. This conjures the image of someone with a bunch of solar panels but the reality is that it's primarily hydro power because that's the cheapest. Thing is, in regions with cheap…
Let's not commit the fallacy of comparing unrelated big numbers. How does the energy and time per usd transferred compare between btc and the traditional banking system?
I did a quick calculation. If you assume all of the U.S. energy consumption goes into stocks and forex trading (the only numbers that were easy to google quickly), dollar trades are about the same dollars traded per kWh as bitcoin, maybe a tad worse.
In actuality, there are more dollar transactions that doesn't include, so the numerator is bigger. It also uses much much less than the total U.S. energy consumption, so the denominator is much much smaller.
A bigger numerator and much much smaller denominator tells me that bitcoin is much much less efficient than traditional systems in dollars traded per kWh.
Re: TSMC hikes chip prices up to 20% amid supply shortage
#386Earlier quoted context omitted.
What makes you say this? Nigeria, a country with a currency that loses purchasing parity power every year, has the highest per capita usage of Bitcoin in the world. Sounds like the people that need it ARE using it...
Are you suggesting that most Bitcoin users live in Nigeria (or a place like it)?
No?
I'm saying that Nigeria has per capita the largest Bitcoin using population on Earth compared to other countries, which is a counterpoint to the argument that people that need it (escaping local currency controls + inflation) are not using it. I am arguing that people that need it ARE using it.
Re: TSMC hikes chip prices up to 20% amid supply shortage
#387Earlier quoted context omitted.
What you are proposing is an authoritarian regime that can control what software is permitted to be run. This is madness, and will doom humanity. There is a reason that free speech is such a critical component of free societies.
We already live in a world where the government controls what software can run, and have been for at least 20 years.
Yes, in authoritarian regimes.
Which is something we need to resist in the free world.
Can you give an example of software (not data...) that is illegal to run in the US?
Re: TSMC hikes chip prices up to 20% amid supply shortage
#388Earlier quoted context omitted.
I agree with this but it's even worse than that. Estimates on Bitcoin energy usage put it at over 1TW now. I believe it was comparable to the energy consumption of Argentina. Advocates will defend this by saying most energy usage is renewable. This conjures the image of someone with a bunch of solar panels but the reality is that it's primarily hydro power because that's the cheapest. Thing is, in regions with cheap…
> Advocates will defend this by saying most energy usage is renewable. Even if true (iirc there is a lot of doubt whether it is, see Iran), it's still moronic, because consuming renewable energy for shits and giggles obviously means that other energy demands are being met with your usual energy mix instead of that renewable energy that went into shits and giggles as assumed. In terms of net emissions it simply doesn'…
Ridding the world of centrally planned currency isn’t shits and giggles. We’re in the midst of the largest wealth transfer in history. Trillions are being given to the wealthy while the poor see their purchasing power wither away. I’m not certain we’ll successfully escape their depraved clutches, but wasting a little electricity is worth the chance.
Re: TSMC hikes chip prices up to 20% amid supply shortage
#389Earlier quoted context omitted.
I'm sorry you don't find it useful. I do find it useful, in fact millions more like me do. Usefulness is a subjective measurement. If you think we are crazy, that's OK. Bitcoin is opt-in. You can choose to ignore it, you can think its fucking useless, but in my opinion, you are wrong.
Bitcoin is a force multiplier for ransomware.
Unpatched vulnerabilities, Network Access Brokers and Ransomware as a Service are all force multipliers too.
"Money is a force multiplier for crime".
Re: TSMC hikes chip prices up to 20% amid supply shortage
#390Supply shortage is another way of saying demand excess. I don’t see much evidence that TSMC ever really slowed production, at least for their most advanced processes that are in high demand. This is yet another way we’re all forced to pay the price for cryptocurrency. As long as GPUs are profitable for mining, they will be purchased and put to work. The saddest part is that each additional GPU added to the mining net…
I am hoping that someone comes up with a semi-reusable proof-of-work system , like chess board positions, Mersenne primes, or protein folding. Kind of like Re-captcha.