qqii

32 ms·

301.
by qqii 6y ago
For those that aren't cryptocurrency enthusiasts it literally doesn't matter. As long as bitcoin and ethereum mining remains they'll always have something they disagree with to point at. Unlike enthusiasts they don't see
302.
by qqii 6y ago
Fundimental supply issues aren't going to be solved by releasing a mining variant and artificially limiting a gaming variant. At the end of the day this is still a supply and demand problem. I bet that we'll still see 3060s being
303.
by qqii 6y ago
Algorithms that are still protifable mine on GPUs were designed with ASIC resiliency in mind - they use memory hard algorithms. This makes the problem of designing specialised mining cards equivalent to designing fast and efficient DRAM, an
304.
by qqii 6y ago
I'm sure they already have such agreements, but little is know about them as that would upset their target market. https://www.tweaktown.com/news/76468/cant-buy-new-ampere-gpu... > if crypto [mining] is re
305.
by qqii 6y ago
ASICs requite a lot of up front capital to design and manufacture. ASICs also only really matter when prices are low and performance/watt matters. There's also limited supply too. The popular gpu algorithm is ethereum, who's
306.
by qqii 6y ago
If history is accurate the current market will last no more than a year and a half. That's just not enough time.
307.
by qqii 6y ago
This is also the reason that having the latest drivers are important for the best performance and stability in new games.
308.
by qqii 6y ago
Mining operations are obviously quite secretive about any edge they have againstb their competitors but its not much of a stretch when there are stories like this one: https://videocardz.com/newz/zotac-publically-endor
309.
by qqii 6y ago
I did this kind of calculation during the 2017 bubble. It mostly depends on the future price of the cryptocurrency. From my calculations mining was less risk for less reward compared to purchasing the crypto directly.
310.
by qqii 6y ago
A chip that is good at general parallel computing is a good as an ethereum mining. A chip thst is good at ethereum mining doesn't necessarily have to be good at general parallel computing. ASICs are ASICs, application specific.
311.
by qqii 6y ago
That wouldn't solve the fundamental issue of supply and demand during a mining craze. Mining crazes appear quickly and dissappear quickly leaving little opportunity for the much slower silicon pipeline to catch up. The demand for crypt
312.
by qqii 6y ago
You remeber rightly, but like all artificial restrictions people who care can get around them: https://github.com/keylase/nvidia-patch
313.
by qqii 6y ago
Nividia can't just suddenly decide to keep cards for themselves for mining, they have pre arranged agreements to fulfil with their partners. Pivoting and creating a mining division also doesn't make sense - mining companies take o
314.
by qqii 6y ago
I find it somewhat amusing that you use playing games as an example of something useful compared to performing ethereum transactions. What you suggest already happens, companies like Bitmain who can invest millions to develop custom asic de
315.
by qqii 6y ago
It seems that most people have forgotten what it was like at the end of the mining craze and GPUs were plentiful, or that they've tried this tactic before (without the aggressive artificial restrictions).
316.
by qqii 6y ago
It's easy to forget that the impact of mining comes in waves - most gamers weren't complaining when the market became saturated by seccond hand GPUs at the end of the mining craze. At the end of the day GPUs are a luxury.
317.
by qqii 6y ago
From a miner's perspective there's little incentive (in cost difference) to get a mining specific card that doesn't hold its value when the mining craze is over compared to a general card which can be sold on the seccond hand
318.
by qqii 6y ago
Since you enjoy tinkering with linux have you considered trying Fedora Silverblue/NixOS/Guix or the like? It's quite a steep learning curve but almost guarentees that you're never left in a bad state of configuration. I&
319.
by qqii 6y ago
It is as the other commenter said, returns come from other people borrowing collateral and paying interest on it. It may also interest you to know that AAVE was granted an Electronic Money Institution license by the U.K. Financial Conduct A
320.
by qqii 6y ago
Pegged tokens like USDC and USDC can still be used to speculate in DeFi platform like AAVE with pretty lucrative returns.
321.
by qqii 6y ago
Proof of Stake, an alternative to Proof of Work where users stake the currency for a chance to become the next validate (the winning miner). If they do anything shady or not allowed their stake is redistributed to the community.
322.
by qqii 6y ago
Here's a perhaps unique problem that cryptocurrency solves - trustless, decentralised proof of ownership (digital or physical) through NFTs. This is a less talking about area of cryptocurrencies but in my opinion quite an important one
323.
by qqii 6y ago
As a counter to being a pyramid scheme, we've seen the 4 year moving average price of bitcoin continue to trend upwards. That's more than 10 years and the price hasn't collapsed. Bitcoin governance is performed through mining
324.
by qqii 6y ago
Yes, there are various cryptocurrencies that target this area, two examples are filecoin and sai.
325.
by qqii 6y ago
This is one of the major issues with Bitcoin that'll probably remain unsolved on the main network. As far as I'm concerned at this point the core bitcoin model is impossible to change - any large changes will simply split the comm
326.
by qqii 6y ago
> unbanked Imagine the same situation but the other person doesn't have a bank account.
327.
by qqii 6y ago
SEPA only covers the EU and a few EU aligned countries.
328.
by qqii 6y ago
Specifically the US population, this number is much less globally.
329.
by qqii 6y ago
Thank you for sharing, I never knew that was a thing. If you don't take the comment at face value there's obviously differences between the two systems: Bitcoin is well known globally whereas Hawala in a subset of countries. In OP
330.
by qqii 6y ago
Here is a BBC article on Bitcoin use in Venezuela: https://www.bbc.com/news/business-47553048

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