I'm hopeful that future cryptocurrencies won't be so energy-intensive to mine. Bitcoin is already a non-negligible contributor to global CO2 emissions, believe it or not. EDIT: Reversible computing ( http://en.wikipedia.org/wiki/Reversible_computing ) is a possible way to have computationally difficult proof-of-work while minimizing energy consumption.
Harvard supercomputing cluster hijacked to mine Dogecoin
71–80 of 91 posts
Re: Harvard supercomputing cluster hijacked to mine Dogecoin
#72Earlier quoted context omitted.
How do you make something incapable of being energy-intensive but still difficult? The more computers have to work at something, the more energy they use. I'm not the world's leading expert, but I don't see a way around that.
There is being energy intensive, and then there is being CPU intensive. You could imagine a hypothetical coin that somehow uses proof of data storage and retrieval instead of proof of work. Producing and running tons of harddrives would still require power, but it would be a less.. direct.. requirement.
Re: Harvard supercomputing cluster hijacked to mine Dogecoin
#73This kind of use was sorta obvious since the dawn of Bitcoin (and even before; in my high school people were running SETI@HOME screen savers on all school computers to build up ranking points for their team). I'm not sure why so many people act surprised.
Re: Harvard supercomputing cluster hijacked to mine Dogecoin
#74If nerds will do this for nothing but internet points, it doesn't surprise me that semi-public resources will be exploited when there's a monetary incentive involved.
Re: Harvard supercomputing cluster hijacked to mine Dogecoin
#75I'm hopeful that future cryptocurrencies won't be so energy-intensive to mine. Bitcoin is already a non-negligible contributor to global CO2 emissions, believe it or not. EDIT: Reversible computing ( http://en.wikipedia.org/wiki/Reversible_computing ) is a possible way to have computationally difficult proof-of-work while minimizing energy consumption.
Re: Harvard supercomputing cluster hijacked to mine Dogecoin
#76Earlier quoted context omitted.
Define non-negligible and show us some numbers. Mining is supposed to be difficult.
Here's a back of the envelope calculation. In theory (by supply-demand idea), you would make a negligible profit mining bitcoins. Each bitcoin is worth about $600. If our supply-demand assumption is true, the $2,160,000 dollars of Bitcoins that come into existence every day, that's also about $2,160,000 of electricity used. Or about 18,000,000 kWh per day. Or about 9,000,000 kg of C02 per day (9000 metric tonnes). Th…
Re: Harvard supercomputing cluster hijacked to mine Dogecoin
#77Re: Harvard supercomputing cluster hijacked to mine Dogecoin
#78Earlier quoted context omitted.
That's a dead simple problem to fix. Just don't allow for unlimited free access to resources used for crypto currency mining.
but in a large building / campus, they can't possibly monitor electricity usage per individual or company occupying the space without upgrading the infrastructure significantly.
(I'll admit that I've used a "heater.exe" for warming my hands with a laptop on a cold day...)
Re: Harvard supercomputing cluster hijacked to mine Dogecoin
#79Earlier quoted context omitted.
From the README of my "Cuckoo Cycle" Proof-of-Work at https://github.com/tromp/cuckoo : Mining is generally considered to be inherently power hungry but it need not be. It’s a consequence of making the proof of work computationally intensive. If computation is minimized in favor of random access to gigabytes of memory (incurring long latencies), then mining will require large investments in RAM but relatively little…
There could be an ASIC for that. There's a new memory interface that works at 10 TB/sec with 16GB memory[1].Currently there's no cpu/gpu architecture in planning that's even close to needing that memory bandwidth, and the manufacturing is expensive. All this means this tech won't fit decentralization well. [1] http://www.eetimes.com/author.asp?section_id=36&doc_id=13209...
Re: Harvard supercomputing cluster hijacked to mine Dogecoin
#80I'm hopeful that future cryptocurrencies won't be so energy-intensive to mine. Bitcoin is already a non-negligible contributor to global CO2 emissions, believe it or not. EDIT: Reversible computing ( http://en.wikipedia.org/wiki/Reversible_computing ) is a possible way to have computationally difficult proof-of-work while minimizing energy consumption.
Even though it is the dead of winter and we just had a major snow storm role though my furnace hasn't turned on in days. My mining equipment provides sufficient heat to keep my house warm on it's own.