51–60 of 78 posts
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I would not march in the streets in protest if laws were passed curtailing proof-of-waste cryptocurrencies.
Diamonds are a proof of waste. Havans are a proof of waste. superbowl ads are a proof of waste. But waste is proof. Proof is valuable (not a waste).
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I would not march in the streets in protest if laws were passed curtailing proof-of-waste cryptocurrencies.
Diamonds are a proof of waste. Havans are a proof of waste. superbowl ads are a proof of waste. But waste is proof. Proof is valuable (not a waste).
I do not want to live in such a society. I do not want to order live in a society were rich people invest in wasted CPU cycles to proof how rich they are meanwhile scientist have problems getting their live changing studies financed.
"President Mugabe's son 'pours £200 champagne over his £45,000 watch he boasted he got because "daddy run the whole country" as he parties while Zimbabwe starves'" https://www.dailymail.co.uk/news/article-5062367/President-M...
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Diamonds are a proof of waste. Havans are a proof of waste. superbowl ads are a proof of waste. But waste is proof. Proof is valuable (not a waste).
> But waste is proof. Proof is valuable (not a waste) I do not want to live in such a society. I do not want to order live in a society were rich people invest in wasted CPU cycles to proof how rich they are meanwhile scientist have problems getting their live changing studies financed. "President Mugabe's son 'pours £200 champagne over his £45,000 watch he boasted he got because "daddy run the whole country" as he p…
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Not entirely worthless, given you’ve already sunk the cost they’d still be an effective space heater.
"Sunk cost" is for money you've already spent! The sunk cost here is my existing forced-air electric heat, which is already installed in my house and already turns 1 watt of electricity into 1 watt of heat, or the other space heater I bought ten years ago and can easily put anywhere I need spot heating. If the goal is turn electricity into heat and nothing else, then I am already well supplied with ways to do that.
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Let's chat about "proof-of-waste" again when in a few years central banks will have created so much inflation and enabled so much unsound government budgeting (simulaneously making inequality explode) that "proof-of-waste" will have become one of (if not) the most important non-manipulable linchpins that will coerce central banks to return to a less inflationary path. Just listen to what's happending in Turkey right…
I understand where you are right now, but the fact is central banks aren’t knowingly creating inequality, and aside from the ponzi scheme aspect the only economic use of cryptocurrencies is financing crime. I’m not going to persuade you now, so I wont try. Put a pin in your expectations for the future and revisit this in a few years or a decade’s time. Look at whether any of the extreme outcomes you are predicting no…
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Where are these bins full of ASICs?
https://www.ebay.com/b/Virtual-Currency-Miners/179171/bn_164... Once a year or so I check on the prices of used miners to see if it would be reasonable to use one as a space heater. Payback period has never been low enough for me to be comfortable with it. (If you buy $300 of equipment and mining becomes illegal tomorrow, then those miners are worthless.)
If you look at GPU mining, a single RTX 3090 setup (assuming you already have a computer to put it in) requires electricity cost below $0.05/kWh to have break-even in 1 year.
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IBM are slightly weird in that they do ground breaking research and pump out some genuinely impressive products but then they don't seem particularly bothered selling these products to anyone with anything less than a board of directors.
They don't need to make money selling chips if they can license their IP to people who run the foundries. IBM's prodigious patent portfolio is a huge revenue source for the company.
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They don't need to make money selling chips if they can license their IP to people who run the foundries. IBM's prodigious patent portfolio is a huge revenue source for the company.
I wonder what is percentage? Is it still a mainframe shop? Last time I heard abd it failed is to become a consultancy firm with Pwc. What is ibm now?
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Diamonds are a proof of waste. Havans are a proof of waste. superbowl ads are a proof of waste. But waste is proof. Proof is valuable (not a waste).
> But waste is proof. Proof is valuable (not a waste) I do not want to live in such a society. I do not want to order live in a society were rich people invest in wasted CPU cycles to proof how rich they are meanwhile scientist have problems getting their live changing studies financed. "President Mugabe's son 'pours £200 champagne over his £45,000 watch he boasted he got because "daddy run the whole country" as he p…
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I wonder what is percentage? Is it still a mainframe shop? Last time I heard abd it failed is to become a consultancy firm with Pwc. What is ibm now?
I don't know the numbers, but I do know they still do significant work in mainframes. They're even still designing their own Power processors for them.