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So Cryptocurrency Mining is just solving pointless programming/math riddles?
Posted on 1/10/18 at 2:27 pm
Posted on 1/10/18 at 2:27 pm
For some reason I always thought there was some kind of greater good, like using masses of computing power to sequence Woolly Mammoth DNA, extend the definition of pi, or cure cancer or something. 
10
Posted on 1/10/18 at 2:28 pm to Kingpenm3
Posted on 1/10/18 at 2:28 pm to Kingpenm3
It's creating community consensus in respect of crypto transactions.
Posted on 1/10/18 at 2:28 pm to Kingpenm3
Do you even proof of work bro?
Posted on 1/10/18 at 2:29 pm to Kingpenm3
Posted on 1/10/18 at 2:31 pm to Kingpenm3
Is it really?
I thought Nvidia was like a Japanese Caterpillar that made front loaders, dump trucks, etc.
I thought Nvidia was like a Japanese Caterpillar that made front loaders, dump trucks, etc.
Posted on 1/10/18 at 2:32 pm to Kingpenm3
I don't think the average joe can do it efficiently enough to make money.
Posted on 1/10/18 at 2:37 pm to Broke
quote:
I don't think the average joe can do it efficiently enough to make money.
quote:
Warning: GPU mining is not very profitable (if at all) anymore, and even if you have free electricity, GPU rigs will likely never pay for themselves at this point!
https://en.bitcoin.it/wiki/Mining_rig
Posted on 1/10/18 at 2:38 pm to Kingpenm3
Posted on 1/10/18 at 2:42 pm to Kingpenm3
Bet that FedEx driver that just discovered the largest Mersenne Prime knows what's up.
Posted on 1/10/18 at 2:42 pm to Kingpenm3
that's why CAD needed a new computer from amazon
Posted on 1/10/18 at 2:45 pm to Winston Cup
quote:
that's why CAD needed a new computer from amazon
that was a hard drive bub.Posted on 1/10/18 at 2:51 pm to Kingpenm3
So if it's no longer profitable, then why and how are the transactions still being solved?
Seems like making the mining profitable is what keeps the currency going.
Seems like making the mining profitable is what keeps the currency going.
Posted on 1/10/18 at 2:53 pm to Broke
quote:
I don't think the average joe can do it efficiently enough to make money.
depends on the crypto
bitcoin? no.
Posted on 1/10/18 at 3:04 pm to Bjorn Cyborg
quote:
So if it's no longer profitable, then why and how are the transactions still being solved?
It's not profitable for you with your GPU and Entergy supplying your home. It is profitable for professional mining farms with access to cheap electricity and massive numbers of rigs containing custom built chips that are optimized to do nothing but mine bitcoin.
This post was edited on 1/10/18 at 3:05 pm
Posted on 1/10/18 at 3:10 pm to Kingpenm3
It gets Terence Tao thinking about prime functions.
Anything that gets Terence Tao out of bed and using his brain is helping the greater good.
Anything that gets Terence Tao out of bed and using his brain is helping the greater good.
Posted on 1/10/18 at 3:11 pm to Bjorn Cyborg
quote:
So if it's no longer profitable, then why and how are the transactions still being solved?
No longer profitable for gpu... but ASICS on the other hand.
Posted on 1/10/18 at 3:12 pm to Kingpenm3
Basically crypto currency is like the US dollar but instead of being backed by gold it's backed by drugs and Jared from subways porn collection
Posted on 1/10/18 at 3:16 pm to el Gaucho
quote:
Basically crypto currency is like the US dollar but instead of being backed by gold it's backed by drugs and Jared from subways porn collection
U.S. dollar has not been backed by gold since 1971.
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