4 ms·

Congrats, my rough calculations say you burned through at least $25 of energy to net $2. You are as bad as the people who shatter car windows to steal a stereo

Congrats, my rough calculations say you burned through at least $25 of energy to net $2. You are as bad as the people who shatter car windows to steal a stereo or those who rip copper wiring out of houses. It's a shame they don't withhold a degree from you. Reassess your life.

saalweachter 13y ago
Yep. An inefficient thief.
sliverstorm 13y ago
You are as bad as the people who shatter car windows to steal a stereo Not even that; this is breaking car windows to steal $5 in change from the ashtray.
- Crito 13y ago
  Cutting up an industrial air conditioner to get a few dollars worth of copper pipes.
x0054 13y ago
Ah yes, bitcoin, the currency of the future that gives one big fat middle finger to the environment!
- GigabyteCoin 13y ago
  No, OP gave the middle finger to the environment, bitcoin is ambiguous. Nobody really mines using CPUs anymore, they use ASICs which are multiple levels of magnitude more efficient.
  - x0054 13y ago
    I disagree. ASICs is far more efficient, for sure, but at best, it's slightly more profitable than the used electricity, because with every new mining technology introduction the difficulty is readjusted to compensate. So, even with current ASICs you might spend $8 worth of electricity and bandwidth to make $10 worth of virtual goods, goods which by them selves have no real world value outside their ability to facilitate trade. So you use $8 worth of real electricity to make the $10 worth of somewhat liquid currency.
    - masmullin 13y ago
      Your values are dramatically off. I myself mine $0.50/day spending $0.04 in electricity, and I live in an extremely costly area for electric. I do not come anywhere near my bandwidth cap so thats a non discussion point.
- oakwhiz 13y ago
  Except that the decentralized bookkeeping that Bitcoin does is a lot more efficient than the bookkeeping done by financial institutions, and it is more difficult to falsify on top of that. So you could say that Bitcoin is more efficient in terms of energy cost vs bookkeeping accuracy.

saalweachter 13y ago

Yep. An inefficient thief.

sliverstorm 13y ago

You are as bad as the people who shatter car windows to steal a stereo Not even that; this is breaking car windows to steal $5 in change from the ashtray.

Crito 13y ago
Cutting up an industrial air conditioner to get a few dollars worth of copper pipes.

x0054 13y ago

Ah yes, bitcoin, the currency of the future that gives one big fat middle finger to the environment!

GigabyteCoin 13y ago
No, OP gave the middle finger to the environment, bitcoin is ambiguous. Nobody really mines using CPUs anymore, they use ASICs which are multiple levels of magnitude more efficient.
- x0054 13y ago
  I disagree. ASICs is far more efficient, for sure, but at best, it's slightly more profitable than the used electricity, because with every new mining technology introduction the difficulty is readjusted to compensate. So, even with current ASICs you might spend $8 worth of electricity and bandwidth to make $10 worth of virtual goods, goods which by them selves have no real world value outside their ability to facilitate trade. So you use $8 worth of real electricity to make the $10 worth of somewhat liquid currency.
  - masmullin 13y ago
    Your values are dramatically off. I myself mine $0.50/day spending $0.04 in electricity, and I live in an extremely costly area for electric. I do not come anywhere near my bandwidth cap so thats a non discussion point.
oakwhiz 13y ago
Except that the decentralized bookkeeping that Bitcoin does is a lot more efficient than the bookkeeping done by financial institutions, and it is more difficult to falsify on top of that. So you could say that Bitcoin is more efficient in terms of energy cost vs bookkeeping accuracy.