4 ms·
Which is a good thing. So glad all that GPU compute is being used on cool stuff rather than running SHA-256 18 quintillion times
by atleastoptimal 4y ago
Which is a good thing. So glad all that GPU compute is being used on cool stuff rather than running SHA-256 18 quintillion times
- DJBunnies 4y agoThey can’t both be cool?
- nightfly 4y agoOne is a contest to waste the most resources, one has potential to actually have useful results
- super256 4y agoWhy do you think Bitcoin does not have useful results?
- ben_w 4y agoStrictly speaking, the comment you're replying to doesn't say which of the two is a contest to waste resources and which has potential to have useful results.
- super256 4y agoI assumed that this was doubling down on atleastoptimal’s view.
- speedgoose 4y agoCan you cite an useful result? I can't but I don't think that some people getting richer is useful.
- Xerox9213 4y agohttps://www.elliptic.co/blog/live-updates-millions-in-crypto-crowdfunded-for-the-ukrainian-military https://www.elliptic.co/blog/live-updates-millions-in-crypto... https://www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-with-2000-in-bitcoin-on-usb-drive.html https://www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-wi... In general, the purpose of Bitcoin is not to get rich, but to have a currency that is universally accepted and not tied to a political party’s fiscal decisions.
- UncleEntity 4y agoIn general, so is the Federal Reserve.
- super256 4y agoSure: I can buy servers and domains anonymously and buy drugs online, which are illegal in my country.
- idiotsecant 4y agoBitcoin has a use, but there are other options for consensus algorithms that don't waste as much energy as the citizens of a medium sized country and fill the same user case (and other expanded use cases). Why not just do that?
- DJBunnies 4y agoWell, I agree with you there.
- moffkalast 4y agoNothing cool in throwing away lots of resources for no reason. In fact there's substantial heating involved.
- ben_w 4y agoOnly if you really like big numbers for the sake of them. Otherwise, one is just straight up snake oil[0], and the other… is kinda hard to tell yet, because while I'm really impressed, I don't know if it's {a toy, a tool, the first sign of a major transformation}. [0] did you know the original snake oils contains more omega-3 and therefore improves cognitive function when compared to lard? I did not. But you can get omega-3 elsewhere, and the people who made the term synonymous with fraud didn't use those snakes, so…
- varispeed 4y ago> running SHA-256 18 quintillion times or games. People could have been studying or doing something more important than wasting time and energy. I get that it is entertainment, but so are board games and that don't require mining rare earth minerals or putting pressure on the grid as you can always play board games with candles on.
- KMnO4 4y agoBe careful. The gaming industry has successfully conditioned people into believing they need a $1500 GPU with the TDP of a microwave so they can play the next unfinished-at-release AAA title.
- counttheforks 4y agoOr TV shows or movies. People could have been studying or doing something more important than wasting time and energy. Or going outside. People could have been studying or doing something more important than wasting time and energy. Or not being locked in the education facility. People could have been studying or doing something more important than wasting time and energy.
- mrtranscendence 4y agoMonopoly by candlelight, just the future I had always envisioned.
- BizarroLand 4y agoWhy are you wasting candlestick on playing games? It's such a waste! Don't you know bees died to make that candle? The most ecologically friendly thing you can do is go to sleep. If you want to play games, do it while the sun is out! (/s, just in case)
- varispeed 4y agoIf more people played Monopoly, they would have realised the Western economy is at the stage were a few players bought all properties and utilities.
- 4y ago
- kkielhofner 4y agoDefinitely a good thing but FYI it hasn't been profitable/feasible to mine bitcoin (SHA-256) on GPU for many many years as ASIC based miners have completely taken over. I've talked about it plenty on HN but any way you slice it crypto is an unbelievable waste of resources in every possible way regardless. What really (finally) more or less killed GPU mining was the Ethereum move to PoS (Proof of Stake).