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They must want some of the bitcoin market.

by melling 8y ago

LeoPanthera 8y ago
Very unlikely, I would guess. There's a reasonable chance Bitcoin won't even exist in 2020.
- lozaning 8y ago
  [Citation needed] Whats your line of thinking here? Are you saying that all crypto currency wont exist by then or just BTC? Why 2020 as the time frame? What is going to happen between now and then thats going to make it so that it wont exist? Can you qualify what you mean by wont exist? All the code is open source so I've got copies saved locally, and I've also got enough hardware to run the the whole network myself. I could, if need be, single handedly restart/run BTC. It's my opinion that the only people more ridiculous than those that insist Bitcoin will replace all other fiat currency in the future are those that continually insist on its constant demise and absolute lack of value.
asdsa5325 8y ago
I don't think bitcoin is even on their radar.
- anothergoogler 8y ago
  If mining operations raise the value of high-end graphics cards in general, which they have, it sure is.
  - asdsa5325 8y ago
    A good company doesn't let fads affect their long term plans.
deweller 8y ago
Graphics cards aren't used to mine bitcoin any more. Only chips that are made specifically for mining bitcoin (ASICs) are used in mining rigs.
- melling 8y ago
  When did that change? I still see it mentioned. https://venturebeat.com/2018/02/11/nvidia-ceo-cryptocurrency-mining-drove-a-spike-in-graphics-chip-sales/ https://venturebeat.com/2018/02/11/nvidia-ceo-cryptocurrency... https://www.techradar.com/news/best-mining-gpu https://www.techradar.com/news/best-mining-gpu
  - nl 8y ago
    According to [1] if you have 15c/kWh electricity you can make about $1/day with a 1080ti on Bitcoin. This of course doesn't cover the cost of the card for over a year. Other coins are slightly more profitable though. [1] https://crypt0.zone/calculator/s/most-profitable-coin-to-mine-1080-ti-at-this-moment https://crypt0.zone/calculator/s/most-profitable-coin-to-min...
    - lozaning 8y ago
      What these calculators never seem to account for is difficulty factor. That dollar-a-day today rapidly approaches zero as more and more people bring more equipment online. No way you're making a dollar a day 600 days from now.
      - nl 8y ago
        Yeah, I agree.
  - kristianp 8y ago
    Years ago. Your first link says crypto mining, not Bitcoin mining. Other coins with different mining algorithms to bitcoin.
    - 8y ago
keyle 8y ago
My thoughts exactly but I'm pretty sure that's too late, the availability has come down a bit and I doubt that proof of work can scale much further.

They must want some of the bitcoin market.

LeoPanthera 8y ago

Very unlikely, I would guess. There's a reasonable chance Bitcoin won't even exist in 2020.

lozaning 8y ago
[Citation needed] Whats your line of thinking here? Are you saying that all crypto currency wont exist by then or just BTC? Why 2020 as the time frame? What is going to happen between now and then thats going to make it so that it wont exist? Can you qualify what you mean by wont exist? All the code is open source so I've got copies saved locally, and I've also got enough hardware to run the the whole network myself. I could, if need be, single handedly restart/run BTC. It's my opinion that the only people more ridiculous than those that insist Bitcoin will replace all other fiat currency in the future are those that continually insist on its constant demise and absolute lack of value.

asdsa5325 8y ago

I don't think bitcoin is even on their radar.

anothergoogler 8y ago
If mining operations raise the value of high-end graphics cards in general, which they have, it sure is.
- asdsa5325 8y ago
  A good company doesn't let fads affect their long term plans.

deweller 8y ago

Graphics cards aren't used to mine bitcoin any more. Only chips that are made specifically for mining bitcoin (ASICs) are used in mining rigs.

melling 8y ago
When did that change? I still see it mentioned. https://venturebeat.com/2018/02/11/nvidia-ceo-cryptocurrency-mining-drove-a-spike-in-graphics-chip-sales/ https://venturebeat.com/2018/02/11/nvidia-ceo-cryptocurrency... https://www.techradar.com/news/best-mining-gpu https://www.techradar.com/news/best-mining-gpu
- nl 8y ago
  According to [1] if you have 15c/kWh electricity you can make about $1/day with a 1080ti on Bitcoin. This of course doesn't cover the cost of the card for over a year. Other coins are slightly more profitable though. [1] https://crypt0.zone/calculator/s/most-profitable-coin-to-mine-1080-ti-at-this-moment https://crypt0.zone/calculator/s/most-profitable-coin-to-min...
  - lozaning 8y ago
    What these calculators never seem to account for is difficulty factor. That dollar-a-day today rapidly approaches zero as more and more people bring more equipment online. No way you're making a dollar a day 600 days from now.
    - nl 8y ago
      Yeah, I agree.
- kristianp 8y ago
  Years ago. Your first link says crypto mining, not Bitcoin mining. Other coins with different mining algorithms to bitcoin.
  - 8y ago

keyle 8y ago

My thoughts exactly but I'm pretty sure that's too late, the availability has come down a bit and I doubt that proof of work can scale much further.