Why haven't gamers united to take down Bitcoin and other Cryptocurrencies? • Hacker News Board

Re: Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

#21

Post by nanoshelter » Sun, May 02, 2021, 9:05 PM UTC

Wassimo wrote: post #12

tromp wrote: post #5

> till they get to bitcoin All the GPUs of all gamers in the world can't put a dent in bitcoin's ASIC based hashrate. Ethereum is the best they can hope for. They better hurry up though, as it won't stay PoW for long.

I think it's possible but they necessarily wouldn't have to target bitcoin until later. Smaller Currencies to start and exposing the flaw will expose a hole even in bitcoin.

You should look up what makes ASIC miners different than common gamer video cards

Re: Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

#22

Post by yamellasmallela » Mon, May 03, 2021, 1:13 AM UTC

No one uses GPUs to mine bitcoin and soon Ethereum won't even use proof of work mining algorithms. Crypto isn't really causing the shortage of cards its a mix of scalpers intentionally buying every single GPU on the market for a profit and low supply due to the pandemic. It will straighten out soon enough.

Scalpers are the ones who should be targeted. Put your effort into organizing mass reporting, takedowns of their listings, fake bids, etc. There is a lot you can do.

Re: Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

#23

Post by speedgoose » Mon, May 03, 2021, 4:32 AM UTC

Graffur wrote: post #19

Do some research on non PoW cryptocurrencies

It would be great if people could start using non proof of work crypto currencies.

Re: Why haven't gamers united to take down Bitcoin and other Cryptocurrencies?

#24

Post by stephensongr » Tue, May 04, 2021, 10:00 PM UTC

Great idea! Perfect way to get rid of all the shitcoinery once and for all! And rest assured that by the time they finally got to the final boss battle ie. Bitcoin, they will have understood that that not only is destroying Bitcoin actually impossible, but in fact the very last thing that they really want to do.