Earlier quoted context omitted.
Its almost always specialized cause crypto mining software for proof of work extensively uses GPU to increase hashes per second rate.
This is filecoin. Afaik it's storage-based, not compute-based.
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“Within 24h of launch a majority of miners are already on strike” Consequences?
21–30 of 41 posts
Re: “Within 24h of launch a majority of miners are already on strike” Consequences?
#22Earlier quoted context omitted.
Well, they can always sell their hardware as it's generic server equipment right? They can also sell their FIL holdings.
Brand new hard drives drop a lot in value once used. Buying 256 gigs of RAM (specially ECC memory) and 2080 TI is not exactly cheap either.
Oh, I forgot a super important bit.
Using a 2080 TI/consumer grade GPU for cloud purposes is against Nvidia terms.
To avoid being sued you need a Tesla GPU, the cheapest one is $7,374
Re: “Within 24h of launch a majority of miners are already on strike” Consequences?
#23Earlier quoted context omitted.
Brand new hard drives drop a lot in value once used. Buying 256 gigs of RAM (specially ECC memory) and 2080 TI is not exactly cheap either.
Oh, I forgot a super important bit. Using a 2080 TI/consumer grade GPU for cloud purposes is against Nvidia terms. To avoid being sued you need a Tesla GPU, the cheapest one is $7,374
Datacenter license only counts if you're leasing out the hardware directly. It's fine to use consumer grade but you can't subdivide it or sell it to customers (for ML as an example)
Re: “Within 24h of launch a majority of miners are already on strike” Consequences?
#24Earlier quoted context omitted.
Oh, I forgot a super important bit. Using a 2080 TI/consumer grade GPU for cloud purposes is against Nvidia terms. To avoid being sued you need a Tesla GPU, the cheapest one is $7,374
Datacenter license only counts if you're leasing out the hardware directly. It's fine to use consumer grade but you can't subdivide it or sell it to customers (for ML as an example)
Bit of a grey area: https://www.datacenterdynamics.com/en/news/nvidia-updates-ge...
Quoting: “To clarify this, we recently added a provision to our GeForce-specific EULA to discourage potential misuse of our GeForce and Titan products in demanding, large-scale enterprise environments.”
According to this article, they want to discourage but I would expect legal retaliation if FileCoin proves to be profitable. There is one area where AWS never launched: gaming servers and I suspect this could be the reason.
Re: “Within 24h of launch a majority of miners are already on strike” Consequences?
#25"Filecoin is very complex and requires high-end hardware, including min 128GB mem."
Why is Filecoin so complex? If they require coins to be staked in order to offer storage to the network anyways.
Re: “Within 24h of launch a majority of miners are already on strike” Consequences?
#26Hardware requirements...
https://docs.filecoin.io/mine/hardware-requirements/#specifi...
This note hasn’t aged well...
> Filecoin allows to launch a small cloud storage business for a few thousand dollars directly from home, where it would cost millions in infrastructure and logistics to get off the ground in the current data hosting model.
Re: “Within 24h of launch a majority of miners are already on strike” Consequences?
#27Why is HN mods keeping this off the homepage?
Oh wait, cause YC invested in Filecoin parent company.
Re: “Within 24h of launch a majority of miners are already on strike” Consequences?
#28Glad I dodged this bullet. Last year I dedicated my Intel Nuc i3, 8 gb Ram with a 500gb hard drive but the amount of files/contracts was so low that eventually I shut it down. I'm very surprised about the 128 gigs of ram requirement, guess this network isn't that decentralized as promised. Anyway, from the beginning it easy to see that competing against something like AWS S3 would be super super hard if not impossibl…
What did you expect in terms of revenue offering 500 GB to the network?
Re: “Within 24h of launch a majority of miners are already on strike” Consequences?
#29Why is this called a "strike"? When the issue seems to be miners unwillingness to buy Filecoin in order to join the network. Simply seems to be an issue of the price, risk/reward ratio of buying a "ticket to mine".
Re: “Within 24h of launch a majority of miners are already on strike” Consequences?
#30Earlier quoted context omitted.
This is filecoin. Afaik it's storage-based, not compute-based.
I looked at the requirements earlier and was blown away. Their official recommendation is three servers with some very expensive hardware. Three Epyc processors, one machine with 128GB of RAM (and a lot more swap space), and one with 2x GPUs. And all that to "seal" like one TB an hour . But it's OK, because this is totally not a proof of work system. https://filecoin.io/vintage/mining-hardware-config-testnet-v...
How often (on average?) do you need to seal each TB you have?
For example if it's four months and you can do a terabyte per hour then that's about 3 petabytes and the cost of the sealing servers is a small fraction of the cost of the storage server. Is it much less?
But also the tweet says something about one terabyte per day?