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I only say this about 1% of the time I read stuff like this, and it's still too much: _Bitcoin doesn't use GPUs to mine with_. It's been custom ASICs for the
by cheaprentalyeti 5y ago
I only say this about 1% of the time I read stuff like this, and it's still too much:
_Bitcoin doesn't use GPUs to mine with_.
It's been custom ASICs for the last eight years or so. I think.
- dougmwne 5y agoASICs presumably take up valuable chip fab capacity at a time where we are going through a lengthy chips shortage that has real-world manufacturing impact on real goods people use to perform useful work.
- cheaprentalyeti 5y agoA lot of that particular shortage happened because everyone cancelled their preexisting contracts and now they have to renegotiate at a new cost basis, after the government has thrown trillions of new dollars into the economy.
- sva_ 5y agoEthereum does though e: Take a look at this https://www.reddit.com/r/EtherMining/comments/nfppnv/120_rtx_3070s_7500_mhs/ https://www.reddit.com/r/EtherMining/comments/nfppnv/120_rtx... There are countless people like that
- ssully 5y agoHow do people get that many cards? Myself and about 3 friends have all been trying to get a 3060 or better for the last 3 months to build new computers and none of us has gotten a card yet. This is a mix of following discords, knowing site stock times (or trying their ridiculous lotteries), and one friend has tried bots.
- defaultname 5y agoBitcoin is the high water that floats all the other boats in crypto. When BTC drops, they all drop. So their core point is certainly valid. Not to mention that BTC-specific ASICs are a big reason there is a chip manufacturing squeeze. Millions of completely useless, power gobbling devices.
- TimJRobinson 5y agoApps like Nicehash mine the most profitable shitcoin using your GPU and convert it to Bitcoin. When the market pumps people buy up cards and use it to make good money.
- cheaprentalyeti 5y agoI'll have to try it on my eight-year old laptop then. Maybe the crash will make it suddenly efficient.
- sleepybrett 5y agoYou'll spend more in electricity than you will make.
- ses1984 5y ago_A bunch of other coins use GPUs to mine_.
- creshal 5y agoASICs have had shipping shortages for months now, there's probably a lot of people using GPUs for bitcoin again, on top of ASIC-hard "crypto""currencies" that always abuse GPUs.