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Cybercriminals who breached Nvidia issue one of the most unusual demands ever

arstechnica.com

631–640 of 693 posts

Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever

#631

> We decided to help mining and gaming community," Lapsus$ members wrote Oh please. You have crypto and a vested interest in making GPU’s viable again. Sorry but I have zero sympathy-crypto miners exacerbated the silicon shortage and leveraged their increased capital to make consumer cards so inordinately difficult to get. So no, suffer.

Much more likely they don’t have crypto and want to earn it with the excess gpus they have A balance of crypto is unrelated to the mining market, but i understand that was an impassioned response where all things crypto are in the bad bucket in your mind I’m writing more so for anybody passing by that doesnt understand how they’re separate

> Much more likely they don’t have crypto and want to earn it with the excess gpus they have

Doesn’t matter if they have some or want to get some, crypto miners actions had a significant negative impact on the price and availability of GPU’s, so I wholeheartedly mining workloads being crippled on these cards.

> but i understand that was an impassioned response where all things crypto are in the bad bucket in your mind

Between their affect on GPU price and availability, their energy impact, NFT’s and multitudes of other scams, the crypto community isn’t doing a whole lot to not land itself squarely in a lot of people’s “bad bucket”.

Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever

#632
post #430

Earlier quoted context omitted.

> crypto is a cancer. Proof of Work is a cancer. The two are heavily intertwined, but they are not technically mutual terms. Proof of Work needs to be stopped, irrelevant of what it is used for.

When working with hard/physical assets, one needs no proof of anything. The existence of the asset is the proof. To me, there needs to be an effective counterbalance to the need for "proof" in the first place, otherwise we are simply prolonging the petrodollar's capability to exist in a world that is clearly quite ready to abandon it.

> When working with hard/physical assets, one needs no proof of anything. The existence of the asset is the proof.

Counterpoint: Real Property

Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever

#633
post #222

Earlier quoted context omitted.

> Yes, real world mining is a serious offender, but that doesn’t exempt crypto mining. Agreed, they have essentially nothing in common apart from the name. > Have one look at one photograph of a crypto mining farm for one second and this will be obvious to anyone. Why? You can get pretty bad pictures of eg factory farming, too; still that doesn't mean people will stop eating factory farmed meat. > On the point of dou…

> Agreed, they have essentially nothing in common apart from the name. I don’t know if it’s your English, but you just said you agreed that crypto mining is an offender on the level of other forms of mining. > Why? You can get pretty bad pictures of eg factory farming, too; still that doesn't mean people will stop eating factory farmed meat. Except there are people who stop eating meat, reduce their intake, and there…

> Your entire post sounds like paid misinformation.

I wish.

Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever

#634
post #530
post #155

Earlier quoted context omitted.

Electricity costs plus cost of capital (etc).

in practice that's not even true because some miners are willing to run negative margins because they extract value elsewhere in the process (the most prominent example is stolen electricity, but also for many miners it's a form of cash laundering. You always get less money out than you put in, but it's clean cash. In China's case they can't get money past capital controls, but you can mine at a loss and sell the bit…

Interesting. How does running a mining operation help you front-run exchange trades?

Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever

#635

I would rather outlaw cryptocurrencies for being a harm for the planet with their crazy energy demands, besides also fueling criminals.

I'd like to engage with this opinion because I genuinely have no idea how this is the conclusion people reach (that crypto is bad for the environment). The configuration of transistors through which electrons are punched is obviously not the problem (at least I hope it's obvious). So it must be about proof of work chains, right? That they create high demand? That's about the only point I do understand, but I think yo…

Resource extraction and usage is harmful, we do have many energy-inefficiencies that I for one would love to see fixes.

However, that doesn’t excuse cryptocurrencies wasting egregious amounts of energy on top of those inefficiencies.

By its design, it’s antithetical to serious energy and performance optimisations (e.g. won’t do away with mindless hashing, so their TPS will be lower by definition) so even if we are able to drastically improve the energy efficiency and minimise the environmental harm of our resource extraction and processing, crypto currencies will still have the worst efficiency.

Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever

#636
post #633

Earlier quoted context omitted.

> Agreed, they have essentially nothing in common apart from the name. I don’t know if it’s your English, but you just said you agreed that crypto mining is an offender on the level of other forms of mining. > Why? You can get pretty bad pictures of eg factory farming, too; still that doesn't mean people will stop eating factory farmed meat. Except there are people who stop eating meat, reduce their intake, and there…

> Your entire post sounds like paid misinformation. I wish.

Yes, go on and ignore all the points made - especially your incorrect point about the value of cryptocurrency pollution in providing double spend protections - a feature that can easily be abused by a handful of powerful miners. Sweep it under the rug as you go on justifying the rampant climate impact of cryptocurrencies.

Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever

#637

Earlier quoted context omitted.

I'd argue it's the opposite. Crypto is fairly easy to avoid as an individual - the only thing I can think of that crypto has "contaminated" is GPU prices. Otherwise, don't get involved and just watch and laugh at the dumpster fire from a safe distance. You don't have to get involved in crypto to participate in society. Advertising on the other hand is very hard to avoid, and even blocking the ads themselves doesn't i…

Crypto is easy to avoid "for now". The endgame for crypto is tokenizing everything in some peoples eyes. Video game skins become NFTs that you now "own" instead of just being in-game. So you can transfer them around, sell them on composable markets etc. Assuming things actually get worked out you could see a merging of the digital and physical worlds assets. If this a good thing, or will even happen who knows.

It's certainly better than paying companies for "licenses" we don't actually own or digital goods that amount to nothing but bits in their database. With these digital content NFTs, at least we get a real market.

I'm not sure whether these things will actually get integrated into video games or how well it's gonna work. It will certainly be interesting to watch this develop.

Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever

#638

Earlier quoted context omitted.

How is that different than central bank printing? Print money and hand it to your buddies so that they buy new yachts instead of producing anything of value? At least with crypto we know where the money is going and potentially how it is spent. I can’t believe people still argue against cryptocurrencies in 2022 when it has completely proved itself superior to fiat in every way possible, including overall energy usage…

Nice red flag: people that claim crypto is bad because it uses energy are people that actually trust Elon Musk's arbitrary opinions. Elon knows less about cryptocurrency than a fair amount of degenerate twenty year old speculators.

I think you overstate the overlap of Musk fans and crypto climate impact critics.

You would be mistaken to think that Musk fans are in large part anti-crypto. It’s a weird notion for you to even submit.

Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever

#639
post #436
post #409

Earlier quoted context omitted.

This comment chain made me envision a potentially terrible future direction. Imagine a future where websites force people to consent to allowing them use your device to mine cryptocurrency while you use its services or browse its content instead of ads.

Isn't that the Brave browser?

Brave has its Basic Attention Token that they give users in exchange for sending notifications with ads in them. They literally pay users for their attention. Doesn't consume any CPU.

I think all advertising is inherently bad but this is the least bad form of advertising I've ever seen. Not only are users compensated, they can actually turn off the ads in the settings and simply use the browser normally, and it has a built-in adblocker even on mobile.

Re: Cybercriminals who breached Nvidia issue one of the most unusual demands ever

#640
post #409

Earlier quoted context omitted.

This comment chain made me envision a potentially terrible future direction. Imagine a future where websites force people to consent to allowing them use your device to mine cryptocurrency while you use its services or browse its content instead of ads.

Can you mine crypto in the browser? I know there are some native hooks, presumably JavaScript is never going to give a good hash rate, but it would be interesting if sites starting dropping JS tags that silently mined crypto in the background.

Certainly.

https://github.com/jtgrassie/xmr-wasm

Individually hash rate will be quite poor but if you make a mining pool out of all your users everything changes. Monero mining pools even have rules prohibiting that.

https://minexmr.com/miningguide

> Botnet / Web Mining Policy

> Sadly it happens that Botnets often run cryptominers on infected PCs.

> minexmr does not support botnets, web miners or any other illegal activities.

> Any account suspected of botnet mining or web mining will be banned.

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