If this works well enough, I wonder how long before governments decide to straight up ban large PoW chains.
Mainnet Merge Announcement
441–450 of 609 posts
Re: Mainnet Merge Announcement
#442Earlier quoted context omitted.
Compared to similarly functioning systems that are decentralized and distributed? Yes.
Bitcoin and Etherium are probably amongst the most inefficient cryptocurrencies on the market.
There are much cheaper ways to achieve consensus, so long as you don't care very much about that consensus being real.
Re: Mainnet Merge Announcement
#443Earlier quoted context omitted.
For starters, Ethereum is not inflationary. ETH is minted and burned according to network activity. The more people making transactions (and paying for them) the less ETH will be created. It can even get to the point where some blocks lead to a net burn of ETH. Why would you stake? Even if the returns were low (compared to what?), people like me are interested in staking merely to help secure the chain at a (relative…
I won't beat around the bush. What is an ETH worth? There are not details about the economics, just the ecosystem, which is replicated across more thoughtful platforms. I personally prefer Cardano, since the software itself has a better foundation, and the fixed supply implies some urgency in adoption. $53,731.20 is enough USD for me to keep my t2.micro up for 300 years, so is there some mathematical guarantee that m…
> I personally prefer Cardano, since the software itself has a better foundation, and the fixed supply implies some urgency in adoption.
I really liked Cardano, until I started trying to learn more about it and develop for it.
It's way behind Ethereum in developer experience. The way funds are shuffled around between addresses for a wallet also makes it much harder to reason about (even though in theory the UTXO model is better than account-based for parallel processing of transactions). In actuality, I don't think it's more scalable than Ethereum, and the scaling solutions they're working on (which are years out IMO) are L2s, like with Ethereum.
The tooling is also way behind Ethereum, and running a full wallet is incredibly resource-intensive.
I'm still staking a lot of Cardano, but I think it's unlikely it will overtake Ethereum in value at this point.
Re: Mainnet Merge Announcement
#444Earlier quoted context omitted.
If you have a GPU that has more than 4 GB VRAM, you should be able to easily run it: https://github.com/basujindal/stable-diffusion I didn't manage to run it on mine, as it segfaults, but I've heard of people running it fine on an old 1060 (which I have too).
Are you running the scripts in the optimizedSD folder instead of the scripts folder? For me a 512x512 image uses 3.7GB of VRAM. You can reduce the resolution to use less (to a point, the model needs a fixed amount).
I am, yes. I don't think it's the memory because it segfaults immediately, even if I try 64x64... It's very odd, I'm running Ubuntu 22.04, I'm not sure if the CUDA version is somehow wrong.
Re: Mainnet Merge Announcement
#445Earlier quoted context omitted.
Don't have the numbers here but last I read you can retire staking with just 3 validators.
This site has a calculator: https://www.stakingrewards.com/earn/ethereum-2-0/ Running three of your own validators gets you $7,333 a year. You'd have to be in a pretty low cost of living area for that to work.
How involved is running a validator? If it can just run off in the corner -- living somewhere cheap and doing small scale contracting for fun or whatever could be a neat lifestyle.
Re: Mainnet Merge Announcement
#446Earlier quoted context omitted.
This isn't 'controversial', it's total Alex Jones Infowars-type batshit.
It's not, that's just a convenient dismissal. Look around. None of what's happening is a mistake, it's just painful to contemplate and denial of it is easier (hence why politicians continue to run amok—nobody wants to face the truth).
No. Some of us do, in fact, seek the truth and attempt to face it.
You are being dismissed out-of-hand because you make extraordinary, non-falsifiable claims ("None of what's happening is a mistake") without bothering to present any evidence in support of them.
Re: Mainnet Merge Announcement
#447I've been eagerly waiting for this to happen for a while. Here's picking up GPUs at fire sales for months and maybe years to come.
Isn't the whole point that outrageous processing power is no longer a prerequisite.
Yep. So now you may be able to pick up GPUs for MSRP, unlike the last few years.
Re: Mainnet Merge Announcement
#448Earlier quoted context omitted.
This isn't exactly correct: 1. Every full node is part of this dark forest, maintains its own mempool, and gossips the mempool to others. You do not have to be a validator or miner to run a full node; just run an Ethereum client. 2. There are indirect economic incentives to 'watch the watchmen': a slashable staking violation that doesn't get slashed breaks the Ethereum security model, and is expected to be an extreme…
Every full node can still manipulate the transaction to make it look like they are slashing rather than the person who originally reported the fraud. This is also a "hey why not, its free money" kind of incentive. I do agree that there probably will be altruistic validators in some cases, but the economic incentives work against them. The history of cryptocurrency has trended towards doing the minimum amount of valid…
> Every full node can still manipulate the transaction to make it look like they are slashing rather than the person who originally reported the fraud. This is also a "hey why not, its free money" kind of incentive.
Following this logic, stakers themselves are incentivized to just run the software to submit a slashing tx themselves (free money), at which point just having stakers running slashing software is sufficient. And if they aren't someone else will submit it to the mempool.
Re: Mainnet Merge Announcement
#449I've been eagerly waiting for this to happen for a while. Here's picking up GPUs at fire sales for months and maybe years to come.
Isn't the whole point that outrageous processing power is no longer a prerequisite.
Yes, and all of the GPUs currently being used will be available at fire sale prices.
Re: Mainnet Merge Announcement
#450Earlier quoted context omitted.
Are you running the scripts in the optimizedSD folder instead of the scripts folder? For me a 512x512 image uses 3.7GB of VRAM. You can reduce the resolution to use less (to a point, the model needs a fixed amount).
I am, yes. I don't think it's the memory because it segfaults immediately, even if I try 64x64... It's very odd, I'm running Ubuntu 22.04, I'm not sure if the CUDA version is somehow wrong.
Oh damn that's weird. Any chance the segfault is on the CPU side? When I try to generate too large of an image I get an allocation error rather than a segfault.
Also crazy idea but could it be related to open source / proprietary driver differences? I haven't done nvidia on Linux in a long time so I don't know if that's in a more reasonable place yet.