401–410 of 520 posts
I have no sympathy for miners, but purely from software freedom perspective this is maximally evil: closed-source software that decides what you can use your hardware for. The CMP version is a straight-to-landfill product. As soon as it stops being profitable for mining it will have zero resale value, and become e-waste.
Not a fan of miners disturbing GPU availability and pricing but this is a bad move. It’s not an engineering move, it’s a marketing move, and I’m sure the first attempt at doing this will come down to something just as shallow like a PCI PID check or some resistor strap check. Someone will find it worth the cost to make an FPGA based PCIe bridge that responds to the right knocks in the right way.
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> It’s straight to the landfill every 6 months. Isn't that a trend that has mostly ended or is about to end now? It looks like that was mostly caused by nm process improvements for ASIC chips in the past. With 7/5nm ASIC chips it seems like it should now progress as fast/slowly as the nm process capabilities of chip manufacturers in general. Not pro-BTC, but this seem very much like faulty interpolation based on a pa…
Technology continues to advance - I don’t think there is enough evidence to say that we have hit a fundamental limit on computer/asic power/speed performance yet. 3nm will hit in 2024, but until then there will always be advances in chip design. It’s not just about speed, it’s also about thermals, power consumption and manufacture price to work out the TCO of mining.
I'm not an expert on chip design, but I would have assumed that there isn't a lot of room for improvements of ASIC mining chips, given that they are probably a straightforward implementation of the hashing algo used in Bitcoin (and that a few thousand+ times), in contrast to CPU design which is more dependent on other computing/hardware trends.
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No. It's time to push back on Bitcoin. It is disgraceful to watch people such as Elon Musk and most of the VCs put money ahead of the environment.
I am sorry you did not buy it when it was cheaper. No need to hate it now because you were stupid back then.
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> Thats not really called "streaming". The data would literally be streamed along a bus from one storage to another. The name ‘streaming’ literally appears in some APIs you’d use to do it!
Then you need to use the word "streaming" correctly. Video streaming is not copying data to a different frame buffer. Nvidia with their Optimus technology doesn't call this "streaming". You used the same term for both.
That's exactly what streaming means as a technical term:
Examples:
https://wiki.libsdl.org/SDL_TextureAccess
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The link directly contradicts this. Pooled mining with BTC (ETH too, but also BTC) on a GPU is something you can do and make a modest amount of money right now, to the tune of around $5/day at current prices. There's a profitability floor on hashes/KWh. When coin's price goes as sky-high as it has been, it pushed GPU mining back into the black. This is likely a temporary state of affairs; either the network difficult…
The link shows paying in btc because they don’t give you what you mine. You rent your hash rate and people bid on it with btc. You’re not mining btc directly. I use NiceHash at the moment. Your gpu mines ethereum (or whatever the most profitable coin is as NiceHash has a profit switcher.)
The main cases I image are:
1. The miner doesn't want to deal with price fluctuations and wants to prevent arbitrage risk
2. It might be more profitable to outsource smallish coins that have to buy hashing power to stabilize their network (though that would probably also be covered by the profit switcher)
3. Money laundering <--- Which I assume is the biggest portion
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I checked your numbers against [0]. Road distance NY -> SF = 2900 miles [1]. Model S mileage is 290Wh/mi [2]. That is 840kW for Tesla against 657kW for a single transaction. This is all order-of-magnitude stuff but... wow. [0] https://digiconomist.net/bitcoin-energy-consumption/ [1] https://www.google.com/search?hl=en&q=road%20distance%20san%... [2] https://www.zeviecars.com/browse-cars/tesla-model-s
Can someone explain how transactions are not insanely cost prohibitive for Bitcoin with power consumption figures like those? Those numbers would suggest something like >20 USD. Is it because most transactions in practice actually happen internally on exchanges that avoid putting every individual transaction on the blockchain? I have limited knowledge of Bitcoin so maybe not quite "explain like I'm five"... but close…
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No. It's time to push back on Bitcoin. It is disgraceful to watch people such as Elon Musk and most of the VCs put money ahead of the environment.
I am sorry you did not buy it when it was cheaper. No need to hate it now because you were stupid back then.
>> It is disgraceful to watch people such as Elon Musk and most of the VCs put money ahead of the environment.
> I am sorry you did not buy it when it was cheaper. No need to hate it now because you were stupid back then.
You're obviously defensively making some false assumptions. The big one is probably assuming that people are primarily motivated by greed and jealousy, and that other motivations are fake and meant to disguise that.
And for the record, I agree with the GP, and I've made quite a bit of money off of this bubble by selling some bitcoins I mined a decade ago.
I have no sympathy for miners, but purely from software freedom perspective this is maximally evil: closed-source software that decides what you can use your hardware for. The CMP version is a straight-to-landfill product. As soon as it stops being profitable for mining it will have zero resale value, and become e-waste.
> The CMP version is a straight-to-landfill product. As soon as it stops being profitable for mining it will have zero resale value, and become e-waste. Like literally every other piece of Bitcoin or crypto mining technology. It’s straight to the landfill every 6 months. Bitcoin generates 100 GRAMS of ewaste for every transaction. Every 2 transactions consumes as much energy as driving a Tesla from SF to NY [edit for…
In the Wild West you would need maybe several horses each in order to exchange a certain amount of gold. What does the carbon usage be here?
Bitcoin solves that problem in software, which is magnificent. For the same carbon footprint.