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That's the entire point. The point is that bitcoin mining is a lottery, and you get more tickets the more hashpower you have. In other words, it's a competitio
by IkmoIkmo 12y ago
That's the entire point. The point is that bitcoin mining is a lottery, and you get more tickets the more hashpower you have.
In other words, it's a competition. The average person running a MBP that's a few years old gets 2 MH/S (call em lottery tickets). But the majority of people mining are doing so with ASICs that get 1 or 2 million MH/S at a quarter of the cost of the second hand price of a MBP. That's the reality today.
The comparison between the two isn't my point. It's merely to illustrate WHY running a MBP for 1 year, 24/7 at 100% of CPU nets you a fraction of a single penny. It's because many others mine with specialized equipment.
The basic point is that if you get 2 lottery tickets and there are 100 tickets in total, that's great. If you get 2 lottery tickets and there are litterally trillions of tickets, you won't win, and over the course of a century you will earn less than 1 dollar.
That's not misleading it's literally what is happening. uTorrent's average user will generate a fraction of a penny in bitcoin revenue, while generating 10-20 dollars of extra electricity costs, while using up 50% of its CPU. These facts come from data of today's hashrate, not from analogy. I just wrote down the comparison to explain why the hashrate is so gigantic and why running millions of Macbook Pros through uTorrent can't compete with it and won't generate any real money, despite spending loads of money on electricity costs.
- bhouston 12y agoSo basically uTorrent is abusing its users in the extreme to try and make money. It is making its users spend money on electricity (because users can not stop them) in order to make much less money through bitcoin. I wonder if that is a new permission Apps should request -- the ability to run high intensity CPU jobs. Anyhow, this part of uTorrent needs to be removed by the next update of Windows's built-in malware removal tool.
- deleted 12y ago[deleted]
- andrepd 12y agoI know all that. My point is that in order to make a fair comparison you might as well compare an ASIC with a <1 year old desktop, instead of an overpriced several years old laptop, especially because your point still stands the same. There is absolutely no need to fudge up the numbers because ASICs outclass general purpose hardware by orders of magnitude anyway. It's dishonest and with absolutely no need for it. As an aside, my 2 year old laptop gets 20MH/s and a latest-generation desktop CPU gets close to 100MH/s.