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Mining Ethereum on M1 Mac GPU

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Re: Mining Ethereum on M1 Mac GPU

#91

Post by jmkd »

BelenusMordred wrote: post #84
carlob wrote: post #73

Earlier quoted context omitted.

hydro is really not that green: salmons are losing their spawning runs for an example in your area. Also not renewable, because dams get filled with sediment and lose capacity over time.

> dams get filled with sediment and lose capacity over time I'm struggling to believe this. Can you name one dam on Earth that has lost over 10% capacity due to sediment?

Dams all over the world capture sediment. This not only reduces their capacity, it deprives downstream areas of sediment needed for natural habitat, to fertilise wetlands and to buffer against oceanic incursion.

The Sanmenxia Dam in China lost 17% of its capacity in the first 18 months of its operation due to sediment accumulation [1]

Countless other dams have already been dismantled due to sediment build up, and many more will follow, considering that around 19000 large dams worldwide are over 50 years old [2]

[1] https://en.wikipedia.org/wiki/Sanmenxia_Dam [2] https://e360.yale.edu/features/water-warning-the-looming-thr...

Re: Mining Ethereum on M1 Mac GPU

#92

Post by varajelle »

G3rn0ti wrote: post #60
127 wrote: post #43

Earlier quoted context omitted.

Only problem with this is I can't figure out how to spend all the money generated by the tax. Obviously it should be used at a technology or process to reduce carbon from the atmosphere, but I don't think that's what governments are going to decide to do. Add a new tax, waste most of it. Or worse, use it to fund societally harmful things. That's what the history shows.

Yes, that’s why a carbon tax is stupid and „emissions trading“ was invented. Under such a system the government sells a limited amount of certificates during an IPO. Later, the biggest energy consumers buy emission rights from the best energy savers.

Still incentive the energy savers to make investment to save more, so they can sell more rights, and incentive the biggest energy consumer to consume a bit less so they pay less.

I wouldn't call that stupid

Re: Mining Ethereum on M1 Mac GPU

#93

Post by abdullahkhalids »

BelenusMordred wrote: post #84
carlob wrote: post #73

Earlier quoted context omitted.

hydro is really not that green: salmons are losing their spawning runs for an example in your area. Also not renewable, because dams get filled with sediment and lose capacity over time.

> dams get filled with sediment and lose capacity over time I'm struggling to believe this. Can you name one dam on Earth that has lost over 10% capacity due to sediment?

> Because the source of the Indus River is glacial meltwater from the Himalayas, the river carries huge amounts of sediment, with an annual suspended sediment load of 200 million tons.[15] Live storage capacity of Tarbela reservoir had declined more than 33.5 per cent to 6.434 million acre feet (MAF) against its original capacity of 9.679 MAF because of sedimentation over the past 38 years.

https://en.wikipedia.org/wiki/Tarbela_Dam#Lifespan

Re: Mining Ethereum on M1 Mac GPU

#94

Post by HPsquared »

CallMeMarc wrote: post #5
toomim wrote: post #2

> Is it worth it? > Um. Not really. At current Ethereum prices (2021-02-26), it generates $0.14 of profit per day. It’s still a profit, but very miniscule. The real question is if it makes more money than it costs in electricity. Apple claims it uses 39 W max. That adds up to 0.936 kWh of electricity per day, which we can approximate at 1 kWh. Electricity prices range from ~4¢ to ~20¢ per kWh in the USA, which means…

Is electricity really that cheap in the USA? The cheapest price I've found for my city here in Germany is like 0,24 EUR. And this is already including a new customer discount and cashback. Not even guaranteed green energy... 0,24 EUR is currently ~0,29 USD. That's 0,29 USD for my cheapest price against your most expensive price with 0,20 USD.

Germany has super high prices for electricity.

Re: Mining Ethereum on M1 Mac GPU

#95

Post by tinus_hn »

toomim wrote: post #2

> Is it worth it? > Um. Not really. At current Ethereum prices (2021-02-26), it generates $0.14 of profit per day. It’s still a profit, but very miniscule. The real question is if it makes more money than it costs in electricity. Apple claims it uses 39 W max. That adds up to 0.936 kWh of electricity per day, which we can approximate at 1 kWh. Electricity prices range from ~4¢ to ~20¢ per kWh in the USA, which means…

You could buy the computer to use as a computer and then use it to mine while you’re not using it.

Re: Mining Ethereum on M1 Mac GPU

#96

Post by andreaorru »

0-_-0 wrote: post #90
imhoguy wrote: post #82

Earlier quoted context omitted.

I wonder if this may cause some correction on hardware stocks as market would be flooded with used GPUs.

There are plenty of other cryptocurrencies to mine

There are a few (mostly Bitcoin forks), and you can probably make some profit mining them, but they are not big enough to have a significant impact on the global demand for GPUs.

At this point, most crypto projects with any real traction (with the obvious exception of Bitcoin) are either ERC-20 tokens running on Ethereum, or other PoS chains that claim to be better than Ethereum (i.e. Cardano).

Bitcoin isn't mined with GPUs anymore.

Re: Mining Ethereum on M1 Mac GPU

#97

Post by isoprophlex »

andreaorru wrote: post #87
isoprophlex wrote: post #81

Earlier quoted context omitted.

Does this also imply lower energy consumption for running the ethereum network?

Yes! In fact that's one of the goals of the transition.

Well that's great for them.

Maybe (hopefully) we'll see environmental regulations against (expensive PoW) cryptocurrency before theres economically motivated regulation.

Re: Mining Ethereum on M1 Mac GPU

#99

Post by 0-_-0 »

andreaorru wrote: post #96
0-_-0 wrote: post #90

Earlier quoted context omitted.

There are plenty of other cryptocurrencies to mine

There are a few (mostly Bitcoin forks), and you can probably make some profit mining them, but they are not big enough to have a significant impact on the global demand for GPUs. At this point, most crypto projects with any real traction (with the obvious exception of Bitcoin) are either ERC-20 tokens running on Ethereum, or other PoS chains that claim to be better than Ethereum (i.e. Cardano). Bitcoin isn't mined wi…

As I said, there are plenty of profitable coins for GPU mining besides Ethereum [0]. Ethereum moving to PoS will not move the needle, people will just move on to something else.

[0]: https://whattomine.com/

Re: Mining Ethereum on M1 Mac GPU

#100

Post by andreaorru »

isoprophlex wrote: post #97
andreaorru wrote: post #87

Earlier quoted context omitted.

Yes! In fact that's one of the goals of the transition.

Well that's great for them. Maybe (hopefully) we'll see environmental regulations against (expensive PoW) cryptocurrency before theres economically motivated regulation.

While I'm optimistic on PoS and excited about Ethereum adopting it, I think Bitcoin and PoW are being unjustly demonized and the issue is far more complex than what meets the eye.

I found this analysis insightful: https://coinshares.com/insights/beware-of-lazy-research-bitc...

Also this Twitter thread (12 tweets) and all the articles linked inside it: https://twitter.com/yassineARK/status/1360343401627979778

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