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European shops have openly said they have denied huge GPU sales to some miners.
You know, selling 100000 cards to one mining customer isn´t going to help your business in the future. Selling 1 card to 100000 customers is. But hey, short term vs long term investment in your customer base I guess
mining produces a secure transaction network completely out of the reach of corrupt governments and corporate interests...
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totally agree with the medical part but what are the miners actually doing? what are they crunching numbers for? they could be doing Dr evil type things and we don't even know, thats one thing I never got...Mining is more productive for society than gaming. Playing games where you practice killing people produces nothing (not that I'm against this, I've done plenty of this myself) whereas mining produces a secure transaction network completely out of the reach of corrupt governments and corporate interests...
Which one does society benefit more from? Ask the miners living in Venezuela.
One caveat here: I've long felt that mining should be attached to medical research like folding@home and things like that.... this would be even more beneficial to society.
Yeah, you can't have it both ways. Eventually those funds you mined, are going to be used to purchase products sold by those "corporate interests" used inside of those "corrupt governments". But what ever helps you sleep at night.
totally agree with the medical part but what are the miners actually doing? what are they crunching numbers for? they could be doing Dr evil type things and we don't even know, thats one thing I never got...
I'm wasn't doubting that cash is also used illegally, isn't the US dollar still the preferred $ for illegal trade? what I don't get is what the "transactions" are.
Crypto like any currency is primarily valuable due to the desire of peoples to posses said currency. The confidence and demand people place in the currencies is what sets it's value. The idea of crypto currencies today may seem foreign, but with the blockchains and other networks of decentralized computing that are sprouting up, new innovations could leverage the compute power for all sorts of applications. Think Google, and other PC farms, but instead of centralized they're spread out across all computers whose owners opt in to the chain. If every phone, laptop, tablet, etc. you own lent some of it's processing power to a blockchain and everyone you knew did, what kind of power could be leveraged when you weren't using the devices? Millions of devices would provide huge redundancy as well.oh so all the crypto coins are "verifying" each others "transactions" and that's where the magic money comes from?!
oh so all the crypto coins are "verifying" each others "transactions" and that's where the magic money comes from?!
Crypto like any currency is primarily valuable due to the desire of peoples to posses said currency. The confidence and demand people place in the currencies is what sets it's value. The idea of crypto currencies today may seem foreign, but with the blockchains and other networks of decentralized computing that are sprouting up, new innovations could leverage the compute power for all sorts of applications. Think Google, and other PC farms, but instead of centralized they're spread out across all computers whose owners opt in to the chain. If every phone, laptop, tablet, etc. you own lent some of it's processing power to a blockchain and everyone you knew did, what kind of power could be leveraged when you weren't using the devices? Millions of devices would provide huge redundancy as well.
and just magically make money out of nothing?Crypto like any currency is primarily valuable due to the desire of peoples to posses said currency. The confidence and demand people place in the currencies is what sets it's value. The idea of crypto currencies today may seem foreign, but with the blockchains and other networks of decentralized computing that are sprouting up, new innovations could leverage the compute power for all sorts of applications. Think Google, and other PC farms, but instead of centralized they're spread out across all computers whose owners opt in to the chain. If every phone, laptop, tablet, etc. you own lent some of it's processing power to a blockchain and everyone you knew did, what kind of power could be leveraged when you weren't using the devices? Millions of devices would provide huge redundancy as well.
and just magically make money out of nothing?
Mining is simply processing transactions in a secure format/fashion.. you basically take a transaction, verify/validate/secure it using an algorithm and add it to the ledger (blockchain). I'm sure transactions from bad guys happen all the time using crypto.... but then transactions from bad guys happen all the time using USD, Yuan, Yen, Gold, Euros, credit cards, money orders and any other form of value transfer mechanism on the planet..... credit card fraud, anyone?
In case anyone out there doubts that US Dollars are used when committing crimes, I have photo proof:
http://static.neatorama.com/images/2007-03/cash-seizure.jpg
Edit: I just realized there are a couple other currencies in there too! We need to figure out what they are and stop them from being used, immediately!
No, it isn't. If that's all mining was there's no way you'd need gpus to do it, the processing of that is trivial computationally. There's a massive math problem tacked on the end to make mining progressively more difficult to meter out the currency. It's completely wasted math, nobody does anything with the result which is why mining is such a complete and total waste.
No, it isn't. If that's all mining was there's no way you'd need gpus to do it, the processing of that is trivial computationally. There's a massive math problem tacked on the end to make mining progressively more difficult to meter out the currency. It's completely wasted math, nobody does anything with the result which is why mining is such a complete and total waste.
Its not "easy" math, as the blockchain gets bigger, that is where the problems come in, cause ya need to have the processing power to be able to analyze the blockchain to find the transactions. The blockchain is based off of a complex algorithm. This is why block chain difficulty gets more as more transactions are being done and as more computational power is available to the blockchain. Again crypto currency is the side affect of the block chain. Damn they don't even need to pay out in crypto if they don't want to. Lets say the block chain was made to track properties or stocks. The still need to pay out with something, they could pay out in fiat money if they wanted to. The value of crypto is not the coin, its the blockchain.
Think of the blockchain as an accountants ledger book that is distributed across the world. Lets say that accountant's ledger tracks the Dow Jones. See the value of the block chain? Its value is the entirety of all the stocks on the Dow Jones lol.
The block chain is trivial computationally, that is not what mining is.
The tendency toward centralization with a growing blockchain: the larger the blockchain grows, the larger the requirements become for storage, bandwidth, and computational power that must be spent by “full nodes” in the network, leading to a risk of much higher centralization if the blockchain becomes large enough that only a few nodes are able to process a block.
Yeah it is, the longer the block chain the more computational power ya need to find the transactions.
https://www.oreilly.com/ideas/blockchain-scalability
So far this has happened to all blockchain tech.....
That's the idea behind blockchain, but not how crypto is implemented. You don't need gpus or asics to to keep the ledger, there is no hashing or other compute necessary for maintaining the blockchain. That is used purely as an artificial difficulty ('scarcity', as above) to meter out the currency.
That's the idea behind blockchain, but not how crypto is implemented. You don't need gpus or asics to to keep the ledger, there is no hashing or other compute necessary for maintaining the blockchain. That is used purely as an artificial difficulty ('scarcity', as above) to meter out the currency.
NVidia Ampere rumor mill: GP102 production already discontinued, GA104 since February in production and launch on April 12th.
https://www.3dcenter.org/news/nvidi...eits-eingestellt-ga104-seit-februar-produktio
Stop panicking! New cards are on the way! (If you believe it to be true.)
Hahaha!What the FUCK is this mining?! What the hell is going on. I needed a GPU for my office work station and the dude at Microcenter was lookin at me like I asked him for a pound of cocaine.
Christ I leave the forums for a year and the whole world goes insane.
I don’t get how anyone makes money after all the heat and power is used. And how do you link all these cards together even I couldn’t even get two 980s working in SLI.
you're like a five year old farting in church. nobody's impressed but you.I hear you man. Tried playing Kingdom Come Deliverance tonight with 12x1080Ti SLI and the Rockband drumset. It went ok.
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I hear you man. Tried playing Kingdom Come Deliverance tonight with 12x1080Ti SLI and the Rockband drumset. It went ok.
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They should just lock the TDP at 250W on a gamers series of cards. With one in my case I could care less about that but I'm sure miners using 100's wouldn't like it.
Heh ever try to buy a Mercedes with a new body style on the first day? 10k above MSRP is not uncommon , just idiots lining up to pay top dollar for the same thing for less if they had the patience.