SPAM This thread is for random spam!!

[old.user4556]

@caLLous - AMD and NVIDIA go after Bitcoin miners with new video cards

 

[caLLous]

@caLLous - AMD and NVIDIA go after Bitcoin miners with new video cards

It's a bit weird and reactionary (and late). First of all, it's seriously slack journalism on the part of Engadget to say they're going after Bitcoin miners. Bitcoin is 100% mined by ASICs now, it simply doesn't make economic sense to use GPUs to mine it.

As for the cards themselves, they're not cheap. The mining difficulty of Ethereum has gone through the roof over the last 6 weeks so each card will take longer to pay for itself. Also, they have zero resale value because they have no outputs. At least with conventional GPUs you can sell them off afterwards. For that reason I'd still expect people to buy them over the new mining cards. For some massive operation in Iceland or whatever, I can see buying 10000 of these straight from the manufacturer at a reduced rate would be attractive, they come with more suitable clocks and voltages already baked into the BIOS so less faffing around is required to get the most out of them. In the article where it says that the Nvidia cards are 36% faster than the gaming equivalents; those gains are 100% achievable by altering the memory timings and with voltage/clock tweaks. These cards won't perform better than a properly adjusted "normal" card.

People are already getting their hands on the cards and putting them through their paces...

 

[Scouse]

M8 was mining with ASICs @caLLous but they hardened the algorithm and they are back to gpus.

He's got about fourty grands worth.

 

[dysfunction]

'I get knocked down': man hit by bus gets back up again and heads to pub

 

[caLLous]

M8 was mining with ASICs @caLLous but they hardened the algorithm and they are back to gpus.

He's got about fourty grands worth.

I suspect he is mining Ethereum with the GPUs (or Zcash maybe) and not Bitcoin. ASICs are exponentially faster than GPUs for Bitcoin mining, no matter how they might harden the algorithm, they'll always be faster than GPUs.

I don't do Bitcoin mining so don't know half as much about it as I do about Ethereum but a cursory glance at a couple of mining communities suggests that it's still all about ASICs.

 

[Scouse]

Might be. Converting on the exchanges...

 

[caLLous]

Quite possibly he's using something like Nicehash Miner, which lets you mine whichever coin is the most profitable at the time and pays in Bitcoin.

 

[BloodOmen]

Prices for gfx cards do seem incredibly stupid at present.. fucking £500 for most AMD cards - they need to shut this whole bitcoin shit down otherwise gfx cards prices will remain at ridiculous levels.

 

[old.user4556]

Prices for gfx cards do seem incredibly stupid at present.. fucking £500 for most AMD cards - they need to shut this whole bitcoin shit down otherwise gfx cards prices will remain at ridiculous levels.

Well, I was about to post: how sustainable is cryptocurrency? Surely it has to level off / bubble burst eventually? I'm not saying it's going away, more that these insane rises are silly.

 

[BloodOmen]

Well, I was about to post: how sustainable is cryptocurrency? Surely it has to level off / bubble burst eventually? I'm not saying it's going away, more that these insane rises are silly.

Well, bitcoins have been around for how long now? and they've only grown and grown..... pretty sure they've been around for over a decade now (I could be wrong) I don't see them going away anytime soon.

 

[Scouse]

Well, I was about to post: how sustainable is cryptocurrency? Surely it has to level off / bubble burst eventually? I'm not saying it's going away, more that these insane rises are silly.

There's only 23 million bitcoins or somesuch possible so if they were mass adopted as a method of payment globally having a single one would make you a millionaire.

Remember - all that gives money it's value is people's willingness to use it.

 

[old.user4556]

I don't see them going away anytime soon.

Yeah that's what I said, but surely the price rises aren't sustainable?

 

[BloodOmen]

Yeah that's what I said, but surely the price rises aren't sustainable?

no idea, I know my GTX 1070 when I bought it, it was £420... its now £490 lol.... its fucking retarded for anyone looking to buy a new PC.

 

[old.user4556]

no idea, I know my GTX 1070 when I bought it, it was £420... its now £490 lol.... its fucking retarded for anyone looking to buy a new PC.

I meant the currency dude, not the gfx cards .

 

[caLLous]

Ethereum is going to switch from Proof of Work (basically mining) to Proof of Stake (not mining) a couple of milestones down the line so it's not like as long as there are crypto currencies there will be GPU shortages. I don't think there will be a constant influx of people coming in to mine the altcoins once Ethereum switches over.

The thing with Ethereum is, if all the pieces fall into place as intended by the devs, it's going to be the tech which underpins the next version of the internet. How do you put a price on that?

 

[BloodOmen]

I meant the currency dude, not the gfx cards .

I know what you meant I was just saying! as for the currency I don't know? I'm sure banks dont even recognize Bitcoins as an official currency (unless that has changed since i looked last) so i have no idea why its worth so much.

 

[BloodOmen]

Ethereum is going to switch from Proof of Work (basically mining) to Proof of Stake (not mining) a couple of milestones down the line so it's not like as long as there are crypto currencies there will be GPU shortages. I don't think there will be a constant influx of people coming in to mine the altcoins once Ethereum switches over.

The thing with Ethereum is, if all the pieces fall into place as intended by the devs, it's going to be the tech which underpins the next version of the internet. How do you put a price on that?

Ah!..

 

[Job]

Possible way to make present solar tech work.


Brooklyn’s Latest Craze: Making Your Own Electric Grid

 

[Scouse]

Lol!

I always said Costa and Starbucks were shit

 

[old.user4556]

Had a look at some .onions on Tor. Jesus fuck.

 

[Wij]

Had a look at some .onions on Tor. Jesus fuck.

Haven't looked for years. What was there?

 

[Raven]

Some of it is really nasty and unfortunately part and parcel of the darkweb. However, it is great for buying "things"

 

[Moriath]

Some of it is really nasty and unfortunately part and parcel of the darkweb. However, it is great for buying "things"

Ever bought 'things' from the dark web. I have always been too chicken

 

[old.user4556]

Haven't looked for years. What was there?

Gore, death, allegedly bitcoin thirsty people who will hurt someone if you pay them enough.

 

[Tom]

Man experiences terrifying paragliding accident in Austria

 

[old.user4556]

Man experiences terrifying paragliding accident in Austria

I've done a tandem paraglide in Austria, it was exhilarating but this sort of thing was at the back of my mind the whole time. The guy operating it did this spiral dive which was horrific, never have I screamed "NEIN DANKE" so loud.

 

[old.user4556]

I got a Chrome extension called "SHINE" which simplifies, standardises and "un-shits" the look of Reddit. Worth a look.

 

[Raven]

Anything that makes it not look like some early 2000s Yahoo page would be a benefit.

 

[old.user4556]

Anything that makes it not look like some early 2000s Yahoo page would be a benefit.

That's exactly what this does, makes it very readable.

 

[Ormorof]

Nostalgia tinted goggles there, early yahoo was a damn eyesore