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All the crypto stuff already felt like it was doing a big push to move computing power away from general consumers, though may have been unintended. Another th

• Cider9986 13d ago
  Monero is the opposite. Everyone can mine on their CPU and just like most cryptocurrencies, it makes you your own bank.
  • roenxi 13d ago
    Yeah but their strategy on that seems kinda dumb to me because it either does nothing or has a negative effect on the ecosystem. If someone wants to mine bitcoin on their own CPU they can, and if my PC has enough hash power to find a coin on a blockchain then let me tell you, that chain has real problems and is not a serious player. That amount of computing power doesn't justify paying any interesting amount of money. It isn't the biggest technical concern and at least they have principles, but I expect something that looks like Monero + easy to mine will eventually appear and turn out to have an advantage in the real world. Although it is hard to predict because it isn't completely clear what (if any) impact the algorithm difficulty has in practice. But if there are big datacentre mining a cryptocurrency with dedicated hardware then that means there are people with skin in the game who want it to succeed. Seems like a better equilibrium than whatever the Monero people are aiming for.
    • mitxela 13d ago
      Like Monero but easy to mine is Monero. A Monero mining ASIC is called a CPU, by design. Or do you mean higher block rewards? Don't worry, the value of the coin automatically adjusts to nullify that.
      • roenxi 12d ago
        > Like Monero but easy to mine is Monero. A Monero mining ASIC is called a CPU, by design. That is the "does nothing" argument. But compared to Bitcoin, having a general-purpose [0] ASIC seems like it'd make the network less secure - if someone wants to run something like a 51% attack against Bitcoin they first have to buy a ridiculous amount of specialist Bitcoin-only hardware that will potentially lose all its value after a successful attack. Also probably be a lot easier to track who did it. Monero the equilibriums are less obvious. Does that matter? No, I don't think so, I still own a certain amount. But it isn't a helpful axis to experiment on and I don't see where the upside is meant to come from vs just going with sha. [0] Edited, was special-purpose.
        • mitxela 12d ago
          What do you mean compared to Bitcoin? Bitcoin has special-purpose ASICs and Monero does not.
          • roenxi 12d ago
            Oh yes, sorry. General purpose. I edited the comment.
            • mitxela 12d ago
              There are no general-purpose ASICs, it's like saying a hot ice cube.
              • roenxi 11d ago
                You're the one who called a CPU an ASIC. Seems pretty general purpose, it's a Turing machine simulator. And hot ice cubes are a thing. They've made ice at up to 650K if the wiki phase diagram is any indicator https://en.wikipedia.org/wiki/File:Phase_diagram_of_water.svg https://en.wikipedia.org/wiki/File:Phase_diagram_of_water.sv...
                • 10d ago
  • Ambolia 13d ago
    In theory, in practice it caused shortages of GPUs for other uses and the production never caught up to old consumer prices.
• MomsAVoxell 12d ago
  Those of us who slung code in the terminal era saw this democratization of computing, in the form of the personal computing revolution, come and go. And .. some of us just spent the same budget as we spent back then on PC’s, on Nvidia DGX gear …