Earlier quoted context omitted.
Proof of work cryptos are a pox on society. That said they are some of the most location neutral energy consumers. This allows mining farms to be located adjacent to hydro dams or wind farms to get the cheapest energy and use energy that would otherwise be lost in transmission. 1TW is around 20% of global energy production. This is enough of a factor to impact manufacturing of renewable energy equipment. It allows th…
>This allows mining farms to be located adjacent to hydro dams or wind farms to get the cheapest energy and use energy that would otherwise be lost in transmission. Sure, but there doesn't seem to be to be any indication that this is what actually happens. Is there any evidence for that?
TSMC hikes chip prices up to 20% amid supply shortage
501–510 of 620 posts
Re: TSMC hikes chip prices up to 20% amid supply shortage
#502Earlier quoted context omitted.
Don't you think it could be aggressively regulated against? I doubt it could be completely stopped, but demand could be sharply reduced if using and mining cryptocurrency carried sharp legal penalties.
It could, but governments have a hard enough time sharply reducing drug use, and that has something tangible to search for and find. Trying to find some bits in the ether or even worse guess whether someone is memorizing a seed phrase is nigh impossible to prove or extinguish. Mining will be carried out wherever someone could get away with it, which is basically any western country where it is legal and any 3rd world…
Re: TSMC hikes chip prices up to 20% amid supply shortage
#503Earlier quoted context omitted.
I'm curious why we don't find a similar backlash to people who put their energy into a hot tub or to cool a 5x sized home.. as these cases don't even purportedly support a valuable economic mechanism. For instance. I don't cool my home with AC. does it bother you that I mine bitcoin overnight when the grid has surplus energy?
People do complain about excessive comforts too. It's one of the main complains those less well off make about those more well off. That said, there's a couple of differences between hot tubs and AC, and crypto mining: - Creature comforts don't consume the energy equivalent of a small developed country. - In what they do consume, most of the use is around basic human needs; excessive use happens rarely. - Most import…
There are fossil burning power plants running only to produce PoW, and unless mining operations shut down to allow a generator to operate at minimum load, they are forcing shared generators to run and dams to drain.
Re: TSMC hikes chip prices up to 20% amid supply shortage
#504Re: TSMC hikes chip prices up to 20% amid supply shortage
#505Earlier quoted context omitted.
How were the chip-making machines made before there were chip-making machines? Can't chip-making machines be made without chips? Yes. The very first one, at least, was made like that.
Nobody wants the chips made by the chipless chip making machines.
Re: TSMC hikes chip prices up to 20% amid supply shortage
#506Earlier quoted context omitted.
> There's chips that I'm sourcing from obscure places in China just to get the part and paying whatever price they ask. When sourcing like this, how do you ensure that you're not getting factory seconds or counterfeit parts?
From my experience no one cares if they are as long as they more or less work. Source: I'm a software engineer who has had to fix so many issues due to unannounced component changes from suppliers. "Oh you just replaced the specific USB chip with something different that has a whole lot of errata (Bugs in chip logic that you have to work around in software) and didn't tell us? GREAT! THANKS!"
Re: TSMC hikes chip prices up to 20% amid supply shortage
#507Earlier quoted context omitted.
You don't have to control what software is permitted to run: you can just ban changing USD to Bitcoin and vice versa. Stop the exchanges. Most people aren't mining their own coins anyway.
You can ban a lot of things in life. Theft. Drugs. Crime in general. You may not understand how the OTC market works in jurisdictions like China that do indeed ban cryptocurrency exchanges and prevent fiat cryptocurrency exchanges. A fist full of RMB can be swapped for USDT, which can be swapped for BTC from OTC brokers. What you are proposing can only be stopped by breaking computers, breaking arms/legs and breaking…
Re: TSMC hikes chip prices up to 20% amid supply shortage
#508Earlier 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
Re: TSMC hikes chip prices up to 20% amid supply shortage
#509Earlier quoted context omitted.
One $10,000,000 machine uses about 1000 of these chips.
If you don't mind answering, what type of chips?
Re: TSMC hikes chip prices up to 20% amid supply shortage
#510Earlier quoted context omitted.
"service economy" was always a meme being sold to the gullible masses, manufacturing capacity is the only thing that matters for an economy. Manufacturing has always printed the money It amazes me how the US allowed itself to be nearly deindustrialized after manufacturing effectively won them WWII and global dominance. Now the US can't even make ventilators or face masks
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.
The fact that I can't get competitive production quotes in the USA for most products, like electric motors, injection molded plastic parts, printed circuit boards, stamped metal parts, castings, etc, suggests that the US is also not particularly efficient at making those parts. There was a time when the cheapest place to go for such things in production volumes was actually the US.