5 ms·

>Sure but the point is that this will be earned back easily. No, it won't. Most chips go in the trash without ever mining a block. This is just more crypto t

>Sure but the point is that this will be earned back easily. No, it won't. Most chips go in the trash without ever mining a block. This is just more crypto theory that doesn't match reality. If you find me a way to cut down on my heating costs in the winter using chips, you can bet I'm going to use it. The problem is, you can't.

lucb1e 5y ago
This makes no sense. "Most chips go in the trash without ever mining a block" that's your own choice, isn't it? If you don't want to waste the product you bought, don't trash it? "This is just more [nonsense] crypto theory" I do not invest in cryptocurrency. I bought socks for like 2BTC back in the good old days when it wasn't yet apparent (to me at least) that bitcoin was going to be a major problem; bitcoin was interesting technology for teenage me back in 2012. I'm not some delusional trader that is making profit off the backs of everyone's climate and wants to justify mining. See basically everything else I said above. In particular the part where I said "Note I'm not saying this is necessarily a good idea, it seems ripe for abuse [...] but I am interested from a technological standpoint." The person was making technological arguments, not some nonsense about "crypto theory". "If you find me a way..." Do you own a computer? There, turn it on during winter, have fun gaming. Now you're generating heat using electricity that you'd consume for gaming regardless.
- SantalBlush 5y ago
  >that's your own choice, isn't it? If you don't want to waste the product you bought, don't trash it? I don't think you understand how all of this works. Mining chips have a lifespan, they don't last forever. They stop working, then you can't use them to compute hashes anymore. Most mining chips die--as in stop working--before they ever mine a block. >turn it on during winter, have fun gaming. I already do that. Mining Bitcoin to heat my home, on the other hand, will lose me money. I'll just burn through expensive chips without ever getting a reward, because a home mining rig can't compete with the industrial operations. The idea doesn't work.

lucb1e 5y ago

This makes no sense. "Most chips go in the trash without ever mining a block" that's your own choice, isn't it? If you don't want to waste the product you bought, don't trash it? "This is just more [nonsense] crypto theory" I do not invest in cryptocurrency. I bought socks for like 2BTC back in the good old days when it wasn't yet apparent (to me at least) that bitcoin was going to be a major problem; bitcoin was interesting technology for teenage me back in 2012. I'm not some delusional trader that is making profit off the backs of everyone's climate and wants to justify mining. See basically everything else I said above. In particular the part where I said "Note I'm not saying this is necessarily a good idea, it seems ripe for abuse [...] but I am interested from a technological standpoint." The person was making technological arguments, not some nonsense about "crypto theory". "If you find me a way..." Do you own a computer? There, turn it on during winter, have fun gaming. Now you're generating heat using electricity that you'd consume for gaming regardless.

SantalBlush 5y ago
>that's your own choice, isn't it? If you don't want to waste the product you bought, don't trash it? I don't think you understand how all of this works. Mining chips have a lifespan, they don't last forever. They stop working, then you can't use them to compute hashes anymore. Most mining chips die--as in stop working--before they ever mine a block. >turn it on during winter, have fun gaming. I already do that. Mining Bitcoin to heat my home, on the other hand, will lose me money. I'll just burn through expensive chips without ever getting a reward, because a home mining rig can't compete with the industrial operations. The idea doesn't work.