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Did you miss the part about the GPU being stolen ?
by Uberzi 5y ago
Did you miss the part about the GPU being stolen ?
- tshaddox 5y agoThe comment said it’s not easy or cheap to set up a mining farm.
- justapassenger 5y agoYou need to plug those GPUs into computers. You need to plug those computers somewhere as well. It’s not going to the moon hard, but waaaaaaay harder than reselling it on Craigslist. And requires significant capital investment.
- ChuckNorris89 5y agoJust like with setting up a weed farm. The cops need to follow spikes in power consumption that are out of the ordinary and they'll find you. However, growing weed may be illegal in most places, mining is not yet.
- perth 5y agoCultivation of Cannabis Sativa with low THC is legal in 46 US states afaik with the 2018 farm bill. So you can say growing weed is legal in most places.
- ChuckNorris89 5y agoRight, except that me, and a large chunk of the world population, don't live in the US, so I was trying to draw a conclusion about the general global status on this.
- mountainb 5y agoIt'd be more efficient to just fence the cards. There are so many communities of flippers / eager buyers out there that it would take minutes to move an entire truckload of 30 series GPUs to buyers of all types.
- rdtwo 5y agoYou have to move low volume any high volume transaction will check for this now
- wmf 5y agoSetting up a mining farm with hundreds of free stolen GPUs isn't easy or cheap at all. You still have to find power and cooling and buy a bunch of motherboards, power supplies, networking, shelves, etc. (Likewise I suspect the weed is the cheapest part of a grow operation.)
- hh3k0 5y ago> Setting up a mining farm with hundreds of free stolen GPUs isn't easy or cheap at all. Still significantly cheaper than setting up a mining farm with hundreds of legally obtained GPUs.
- thewakalix 5y agoThat's not relevant, though. The question is whether "there's a safe and easy way to launder expensive hardware into currency". The fact that it's expensive now doesn't conflict with the fact that it could counterfactually be even more expensive.
- mechanical_bear 5y agoGPUs are the expensive part of a mining operation.
- openthc 5y agoSeeds are cheap (~$10 USD/ea), whole ready to harvest plants are not (and hard-ish to estimate). If you grow inside the expensive part is the electricity. Indoor and outdoor both spend lots on labour for harvest/cure/trim processes (variable cost, hourly). Expensive equipment are things like CO2 extractors $XXX,XXX USD. So yea, seeds cheap, loads of other higher cost items to get ~$10/g flower on the shelf at your favourite retailer
- waych 5y agoWeed ops don't grow plants from seeds fwiw, unless they are trying to discover the next new varietal, as each seed is different from the next. Quality control at scale is accomplished using clones.
- vermilingua 5y agoOpEx is always greater than CapEx. You don’t see mining farms moving to countries where GPUs are cheap, they go where electricity is cheap.
- colinmhayes 5y agoBecause GPUs are small and easy to transport?
- berkes 5y agoApparently not. As they can be stolen en route.