Jump to content

Mining Farm with 78 GeForce RTX 3080s Spotted: Capable of Generating $128,088 Per Year

BiG StroOnZ
 Share
Posted

holy crap thats a lot of gpus

but that must take a crap ton of power and cooling

Everyone, Creator - 初音ミク Hatsune Miku Google commercial.

 

 

Cameras: Main: Canon 70D - Secondary: Panasonic GX85 - Spare: Samsung ST68. - Action cams: GoPro Hero+, Akaso EK7000pro

Dead cameras: Nikion s4000, Canon XTi

 

Pc's

Spoiler

Dell optiplex 5050 (main) - i5-6500- 20GB ram -500gb samsung 970 evo  500gb WD blue HDD - dvd r/w

 

HP compaq 8300 prebuilt - Intel i5-3470 - 8GB ram - 500GB HDD - bluray drive

 

old windows 7 gaming desktop - Intel i5 2400 - lenovo CIH61M V:1.0 - 4GB ram - 1TB HDD - dual DVD r/w

 

main laptop acer e5 15 - Intel i3 7th gen - 16GB ram - 1TB HDD - dvd drive                                                                     

 

school laptop lenovo 300e chromebook 2nd gen - Intel celeron - 4GB ram - 32GB SSD 

 

audio mac- 2017 apple macbook air A1466 EMC 3178

Any questions? pm me.

#Muricaparrotgang                                                                                   

 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
4 hours ago, Moonzy said:

that what we suspect ASIC companies did

 

GPU companies cant do this because... imagine the backlash if they got caught

-wears tinfoil hat- or they're doing it already, thus the low stock

I'm pretty sure antminer came out and said that's what they do for all batches of new miners. They mine on them until it's not profitable and then sell them. Since there are only like 3 main sellers of ASICs now they have somewhat of a monopoly so it doesn't hurt their sales

▓ƆԀ▓ S▓₱▓Ɇ▓c▓s▓: i7 6ʇɥפᴉƎ00K (4.4ghz), Asus DeLuxe X99A II, GT҉X҉1҉0҉8҉0 Zotac Amp ExTrꍟꎭe),Si6F4Gb D???????r PlatinUm, EVGA G2 Sǝʌǝᘉ5ᙣᙍᖇᓎᙎᗅᖶt, Phanteks Enthoo Primo, 3TB WD Black, 500gb 850 Evo, H100iGeeTeeX, Windows 10, K70 R̸̢̡̭͍͕̱̭̟̩̀̀̃́̃͒̈́̈́͑̑́̆͘͜ͅG̶̦̬͊́B̸͈̝̖͗̈́, G502, HyperX Cloud 2s, Asus MX34. פN∩SW∀S 960 EVO

Just keeping this here as a backup 9̵̨̢̨̧̧̡̧̡̧̡̧̡̡̢̢̡̢̧̡̢̡̡̢̧̛̛̛̛̛̛̱̖͈̠̝̯̹͉̝̞̩̠̹̺̰̺̲̳͈̞̻̜̫̹̱̗̣͙̻̘͎̲̝͙͍͔̯̲̟̞͚̖̘͉̭̰̣͎͕̼̼̜̼͕͎̣͇͓͓͎̼̺̯͈̤̝͖̩̭͍̣̱̞̬̺̯̼̤̲͎̖̠̟͍̘̭͔̟̗̙̗̗̤̦͍̫̬͔̦̳̗̳͔̞̼̝͍̝͈̻͇̭̠͈̳͍̫̮̥̭͍͔͈̠̹̼̬̰͈̤͚̖̯͍͉͖̥̹̺͕̲̥̤̺̹̹̪̺̺̭͕͓̟̳̹͍̖͎̣̫͓͍͈͕̳̹̙̰͉͙̝̜̠̥̝̲̮̬͕̰̹̳͕̰̲̣̯̫̮͙̹̮͙̮̝̣͇̺̺͇̺̺͈̳̜̣̙̻̣̜̻̦͚̹̩͓͚̖͍̥̟͍͎̦͙̫̜͔̭̥͈̬̝̺̩͙͙͉̻̰̬̗̣͖̦͎̥̜̬̹͓͈͙̤̜̗͔̩̖̳̫̑̀̂̽̈́̈́̿͒̿̋̊͌̾̄̄̒̌͐̽̿̊͑̑̆͗̈̎̄͒̑̋͛̑͑̂͑̀͐̀͑̓͊̇͆̿͑͛͛͆́͆̓̿̇̀̓͑͆͂̓̾̏͊̀̇̍̃́̒̎̀̒̄̓̒̐̑̊̏̌̽̓͂͋̓̐̓͊̌͋̀̐̇̌̓̔͊̈̇́̏͒̋͊̓̆̋̈̀̌̔͆͑̈̐̈̍̀̉̋̈́͊̽͂̿͌͊̆̾̉͐̿̓̄̾͑̈́͗͗̂̂́̇͂̀̈́́̽̈́̓̓͂̽̓̀̄͌̐̔̄̄͒͌̈́̅̉͊̂͒̀̈́̌͂̽̀̑̏̽̀͑̐̐͋̀̀͋̓̅͋͗̍́͗̈́̆̏̇͊̌̏̔̑̐̈́͑̎͑͆̏̎́̑̍̏̒̌̊͘͘̚̕̚̕̕̚̕̚̕̕͜͜͜͜͜͝͝͠͠͝͝͝͝͝͝͝͠͝͝ͅͅͅͅͅͅͅ8̵̨̛̛̛̛̮͍͕̥͉̦̥̱̞̜̫̘̤̖̬͍͇͓̜̻̪̤̣̣̹̑͑̏̈́̐̐́̎͒̔͒̌̑̓̆̓͑̉̈́́͋̌͋͐͛͋̃̍̽̊͗͋͊̂̅͊͑́͋͛̉̏̓͌̾̈́̀͛͊̾͑̌̀̀̌̓̏̑́̄̉̌͂́͛̋͊̄͐͊̈́̀̌̆̎̿̓̔̍̎̀̍̚̕̕͘͘͘̕̚͝͝͠͠͠0̶̡̡̡̢̨̨͕̠̠͉̺̻̯̱̘͇̥͎͖̯͕̖̬̭͔̪̪͎̺̠̤̬̬̤̣̭̣͍̥̱̘̳̣̤͚̭̥͚̦͙̱̦͕̼͖͙͕͇̭͓͉͎̹̣̣͕̜͍͖̳̭͕̼̳̖̩͍͔̱̙̠̝̺̰̦̱̿̄̀͐͜͜ͅͅt̶̡̨̡̨̧̢̧̢̨̧̧̧̧̢̡̨̨̢̨̢̧̢̛̛̛̛̛̠͍̞̮͇̪͉̩̗̗͖̫͉͎͓̮̣̘̫͔̘̬̮̙̯̣͕͓̲̣͓͓̣̹̟͈̱͚̘̼̙̖̖̼̙̜̝͙̣̠̪̲̞̖̠̯̖̠̜̱͉̲̺͙̤̻̦̜͎̙̳̺̭̪̱͓̦̹̺͙̫̖̖̰̣͈͍̜̺̘͕̬̥͇̗̖̺̣̲̫̟̣̜̭̟̱̳̳̖͖͇̹̯̜̹͙̻̥̙͉͕̜͎͕̦͕̱͖͉̜̹̱̦͔͎̲̦͔̖̘̫̻̹̮̗̮̜̰͇̰͔̱͙̞̠͍͉͕̳͍̰̠̗̠̯̜̩͓̭̺̦̲̲͖̯̩̲̣̠͉̦̬͓̠̜̲͍̘͇̳̳͔̼̣͚̙͙͚͕̙̘̣̠͍̟̪̝̲͇͚̦̖͕̰̟̪͖̳̲͉͙̰̭̼̩̟̝̣̝̬̳͎̙̱͒̃̈͊̔͒͗̐̄̌͐͆̍͂̃̈́̾͗̅̐͒̓̆͛̂̾͋̍͂̂̄̇̿̈͌̅̈́̃̾̔̇̇̾̀͊͋̋̌̄͌͆͆̎̓̈́̾̊͊̇̌̔̈́̈́̀̐͊̊̍͑̊̈̓͑̀́̅̀̑̈́̽̃̽͛̇́̐̓̀͆̔̈̀̍̏̆̓̆͒̋́̋̍́̂̉͛̓̓̂̋̎́̒̏̈͋̃̽͆̓̀̔͑̈́̓͌͑̅̽́̐̍̉̑̓̈́͌̋̈́͂̊́͆͂̇̈́̔̃͌̅̈́͌͛̑̐̓̔̈́̀͊͛̐̾͐̔̾̈̃̈̄͑̓̋̇̉̉̚̕̚͘̕̚̚̕̕͜͜͜͜͜͜͜͜͜͜͜͜͜͝͝͝͠͝͝͝͝͝͠ͅͅͅͅͅi̵̢̧̢̧̡̧̢̢̧̢̢̢̡̡̡̧̧̡̡̧̛̛͈̺̲̫͕̞͓̥̖̭̜̫͉̻̗̭̖͔̮̠͇̩̹̱͈̗̭͈̤̠̮͙͇̲͙̰̳̹̲͙̜̟͚͎͓̦̫͚̻̟̰̣̲̺̦̫͓̖̯̝̬͉̯͓͈̫̭̜̱̞̹̪͔̤̜͙͓̗̗̻̟͎͇̺̘̯̲̝̫͚̰̹̫̗̳̣͙̮̱̲͕̺̠͉̫̖̟͖̦͉̟͈̭̣̹̱̖̗̺̘̦̠̯̲͔̘̱̣͙̩̻̰̠͓͙̰̺̠̖̟̗̖͉̞̣̥̝̤̫̫̜͕̻͉̺͚̣̝̥͇̭͎̖̦̙̲͈̲̠̹̼͎͕̩͓̖̥̘̱̜͙̹̝͔̭̣̮̗̞̩̣̬̯̜̻̯̩̮̩̹̻̯̬̖͂̈͂̒̇͗͑̐̌̎̑̽̑̈̈́͑̽́̊͋̿͊͋̅̐̈́͑̇̿̈́̌͌̊̅͂̎͆̏̓͂̈̿̏̃͑̏̓͆̔̋̎̕͘͘͘͜͜͜͜͜͜͜͝͝͠͠ͅͅͅͅͅͅͅͅͅZ̴̧̢̨̢̧̢̢̡̧̢̢̢̨̨̨̡̨̧̢̧̛̛̬̖͈̮̝̭̖͖̗̹̣̼̼̘̘̫̠̭̞͙͔͙̜̠̗̪̠̼̫̻͓̳̟̲̳̻̙̼͇̺͎̘̹̼͔̺̹̬̯̤̮̟͈̭̻͚̣̲͔͙̥͕̣̻̰͈̼̱̺̤̤͉̙̦̩̗͎̞͓̭̞̗͉̳̭̭̺̹̹̮͕̘̪̞̱̥͈̹̳͇̟̹̱̙͚̯̮̳̤͍̪̞̦̳̦͍̲̥̳͇̪̬̰̠͙͕̖̝̫̩̯̱̘͓͎̪͈̤̜͎̱̹̹̱̲̻͎̖̳͚̭̪̦̗̬͍̯̘̣̩̬͖̝̹̣̗̭͖̜͕̼̼̲̭͕͔̩͓̞̝͓͍̗̙̯͔̯̞̝̳̜̜͉̖̩͇̩̘̪̥̱͓̭͎͖̱̙̩̜͎̙͉̟͎͔̝̥͕͍͓̹̮̦̫͚̠̯͓̱͖͔͓̤͉̠͙̋͐̀͌̈́͆̾͆̑̔͂͒̀̊̀͋͑̂͊̅͐̿́̈́̐̀̏̋̃̄͆͒̈́̿̎́́̈̀̀͌̔͋͊̊̉̿͗͊͑̔͐̇͆͛̂̐͊̉̄̈́̄̐͂͂͒͑͗̓͑̓̾̑͋̒͐͑̾͂̎̋̃̽̂̅̇̿̍̈́́̄̍͂͑̏̐̾̎̆̉̾͂̽̈̆̔́͋͗̓̑̕͘̕͘͜͜͜͜͜͝͝͝͝͠͠͝ͅo̶̪͆́̀͂̂́̄̅͂̿͛̈́̿͊͗́͘͝t̴̡̨̧̨̧̡̧̨̡̢̧̢̡̨̛̪͈̣̭̺̱̪̹̺̣̬̖̣̻͈̞̙͇̩̻̫͈̝̭̟͎̻̟̻̝̱͔̝̼͍̞̼̣̘̤̯͓͉̖̠̤͔̜̙͚͓̻͓̬͓̻̜̯̱̖̳̱̗̠̝̥̩͓̗̪̙͓̖̠͎̗͎̱̮̯̮͙̩̫̹̹̖͙̙͖̻͈̙̻͇͔̙̣̱͔̜̣̭̱͈͕̠̹͙̹͇̻̼͎͍̥̘͙̘̤̜͎̟͖̹̦̺̤͍̣̼̻̱̲͎̗̹͉͙̪̞̻̹͚̰̻͈͈͊̈́̽̀̎̃̊́̈́̏̃̍̉̇̑̂̇̏̀͊̑̓͛̽͋̈́͆́̊͊̍͌̈́̓͊̌̿̂̾̐͑̓̀́͒̃̋̓͆̇̀͊̆͗̂͑͐̀͗̅̆͘̕͘̕̕͜͜͝͝͝͝͝͝͝ͅͅͅͅͅͅͅͅͅḁ̶̢̡̨̧̡̡̨̨̧̨̡̡̢̧̨̡̡̛̛̛͍̱̳͚͕̩͍̺̪̻̫̙͈̬͙̖͙̬͍̬̟̣̝̲̼̜̼̺͎̥̮̝͙̪̘̙̻͖͇͚͙̣̬̖̲̲̥̯̦̗̰̙̗̪̞̗̩̻̪̤̣̜̳̩̦̻͓̞̙͍͙̫̩̹̥͚̻̦̗̰̲̙̫̬̱̺̞̟̻͓̞͚̦̘̝̤͎̤̜̜̥̗̱͈̣̻̰̮̼̙͚͚̠͚̲̤͔̰̭̙̳͍̭͎̙͚͍̟̺͎̝͓̹̰̟͈͈̖̺͙̩̯͔̙̭̟̞̟̼̮̦̜̳͕̞̼͈̜͍̮͕̜͚̝̦̞̥̜̥̗̠̦͇͖̳͈̜̮̣͚̲̟͙̎̈́́͊̔̑̽̅͐͐͆̀͐́̓̅̈͑͑̍̿̏́͆͌̋̌̃̒̽̀̋̀̃̏̌́͂̿̃̎̐͊̒̀̊̅͒̎͆̿̈́̑̐̒̀̈́̓̾͋͆̇̋͒̎̈̄̓̂͊̆͂̈́̒̎͐̇̍̆̋̅̿̔͒̄̇̂̋̈́͆̎̔̇͊̊̈́̔̏͋́̀͂̈́̊͋͂̍̾̓͛̇̔̚͘̚̕̚͘͘̕̕̕̚͘͘̚̕̚̕͜͜͜͝͝͝͝͝͝͝͝ͅͅͅͅͅç̵̧̢̨̢̢̢̧̧̡̨̡̢̧̧̧̨̡̡̨̨̢̢̢̧̨̢̨̢̛̛͉̗̠͇̹̖̝͕͚͎̟̻͓̳̰̻̺̞̣͚̤͙͍͇̗̼͖͔͕͙͖̺͙̖̹̘̘̺͓̜͍̣̰̗̖̺̗̪̘̯̘͚̲͚̲̬̞̹̹͕̭͔̳̘̝̬͉̗̪͉͕̞̫͔̭̭̜͉͔̬̫͙̖̙͚͔͙͚͍̲̘͚̪̗̞̣̞̲͎͔͖̺͍͎̝͎͍̣͍̩̟͈͕̗͉̪̯͉͎͖͍̖͎̖̯̲̘̦̟̭͍͚͓͈͙̬͖̘̱̝̜̘̹̩̝̥̜͎̬͓̬͙͍͇͚̟̫͇̬̲̥̘̞̘̟̘̝̫͈̙̻͇͎̣̪̪̠̲͓͉͙͚̭̪͇̯̠̯̠͖̞̜͓̲͎͇̼̱̦͍͉͈͕͉̗̟̖̗̱̭͚͎̘͓̬͍̱͍̖̯̜̗̹̰̲̩̪͍̞̜̫̩̠͔̻̫͍͇͕̰̰̘͚͈̠̻̮͊̐̿̏̐̀̇̑̐̈͛͑͑̍̑̔̃̈́̓̈́̇̐͑̐̊̆͂̀̏͛̊̔̍̽͗͋̊̍̓̈́̏̅͌̀̽́̑͒͒̓͗̈́̎͌͂̕̚͘͘͜͜͜͜͜͠͝͝͝͝ͅͅͅͅͅͅͅS̵̡̡̧̧̨̨̡̢̡̡̡̡̧̧̡̧̢̫̯͔̼̲͉͙̱̮̭̗͖̯̤͙̜͚̰̮̝͚̥̜̞̠̤̺̝͇̻̱͙̩̲̺͍̳̤̺̖̝̳̪̻̗̮̪̖̺̹̭͍͇̗̝̱̻̳̝̖̝͎̙͉̞̱̯̙̜͇̯̻̞̱̭̗͉̰̮̞͍̫̺͙͎̙̞̯̟͓͉̹̲͖͎̼̫̩̱͇̲͓̪͉̺̞̻͎̤̥̭̺̘̻̥͇̤̖̰̘̭̳̫̙̤̻͇̪̦̭̱͎̥̟͖͕̣̤̩̟̲̭̹̦̹̣͖̖͒̈́̈́̓͗̈̄͂̈́̅̐̐̿̎̂͗̎̿̕͘͜͜͜͜͝͝ͅͅt̸̡̡̧̧̨̡̢̛̥̥̭͍̗͈̩͕͔͔̞̟͍̭͇̙̺̤͚͎͈͎͕̱͈̦͍͔͓̬͚̗̰̦͓̭̰̭̎̀̂̈́̓̒̈́̈́̂̄̋́̇̂͐͒̋̋̉͐̉̏̇͋̓̈́͐̾͋̒͒͐̊̊̀̄͆̄͆̑͆̇̊̓̚̚̕̚̕͜͠͝͝ͅͅơ̵̡̨̡̡̡̨̛̺͕̼͔̼̪̳͖͓̠̘̘̳̼͚͙͙͚̰͚͚͖̥̦̥̘̖̜̰͔̠͕̦͎̞̮͚͕͍̤̠̦͍̥̝̰̖̳̫̮̪͇̤̱̜͙͔̯͙̙̼͇̹̥̜͈̲̺̝̻̮̬̼̫̞̗̣̪̱͓̺̜̠͇͚͓̳̹̥̳̠͍̫͈̟͈̘̯̬̞͔̝͍͍̥̒̐͗͒͂͆̑̀̿̏́̀͑͗̐́̀̾̓́̌̇̒̈́̌̓͐̃̈́̒̂̀̾͂̊̀̂͐̃̄̓̔̽̒̈́̇̓͌̇̂̆̒̏̊̋͊͛͌̊̇̒̅͌̄̎̔̈́͊́̽̋̈̇̈́́͊̅͂̎̃͌͊͛͂̄̽̈́̿͐̉̽̿́́̉͆̈́̒́̂̾̄̇̌̒̈̅̍̿̐͑̓͊̈́̈̋̈́̉̍̋̊̈̀̈́̾̿̌̀̈́͌̑̍́̋̒̀̂̈́́̾̏̐̅̈̑͗͐̈͂̄̾̄̈́̍̉͑͛͗͋̈́̃̄̊́́͐̀̀̽̇̓̄̓̃͋͋̂̽̔̀̎͌̈́̈́̑̓̔̀̓͐͛͆̿̋͑͛̈́͂̅̋̅͆͗̇́̀̒́̏͒̐̍͂̓͐͐̇̂̉̑̊͑̉̋̍͊̄̀͂̎͒̔͊̃̏̕̚̕̕͘͘͘̚͘̚͘̕͘̚͘̚̚̚̕͘͜͜͜͝͝͠͠͝͝͠͠͝͝͝͝͝͝͝͝͝ͅͅͅc̴̨̡̢̢̢̡̡̢̛̛̛̻͇̝̣͉͚͎͕̻̦͖̤̖͇̪̩̤̻̭̮̙̰̖̰̳̪̱̹̳̬͖̣͙̼̙̰̻̘͇͚̺̗̩̫̞̳̼̤͔͍͉̟͕̯̺͈̤̰̹̍̋́͆̾̆̊͆͋̀͑͒̄̿̄̀̂͋̊͆́͑̑̽͊̓́̔̽̌͊̄͑͒͐̑͗̿̃̀̓̅́̿͗̈́͌̋̀̏̂͌̓́̇̀͒͋̌̌̅͋͌̆͐̀̔̒͐̊̇̿̽̀̈́̃̒̋̀̈́̃̏̂̊͗̑̊̈̇̀̌͐̈́̉̂̏͊̄͐̈̽͒̏̒̓́̌̓̅́̓̃͐͊͒̄͑̒͌̍̈́̕͘̚͘̕͘̚̕͜͝͠͝͝͝ͅǩ̴̢̢̢̧̨̢̢̢̨̨̨̢̢̢̨̧̨̡̡̢̛̛̛̛̛̛̛̜̥̩̙͕̮̪̻͈̘̯̼̰̜͚̰͖̬̳͖̣̭̼͔̲͉̭̺͚̺̟͉̝̱̲͎͉̙̥̤͚͙̬̪̜̺͙͍̱̞̭̬̩̖̤̹̤̺̦͈̰̗̰͍͇̱̤̬̬͙̙̲̙̜͖͓̙̟̙̯̪͍̺̥͔͕̝̳̹̻͇̠̣͈̰̦͓͕̩͇͈͇̖͙͍̰̲̤̞͎̟̝̝͈͖͔͖̦̮̗̬̞̞̜̬̠̹̣̣̲̮̞̤̜̤̲̙͔͕̯͔͍̤͕̣͔͙̪̫̝̣̰̬̬̭̞͔̦̟̥̣̻͉͈̮̥̦̮̦͕̤͇̺͆͆̈͗̄̀̌̔̈́̈̉̾̊̐̆̂͛̀̋́̏̀̿͒̓̈́̈́͂̽̾͗͊̋̐̓̓̀̃̊̊͑̓̈̎̇͑̆̂̉̾̾̑͊̉̃́̑͌̀̌̐̅̃̿̆̎̈́̀̒́͛̓̀̊́̋͛͒͊̆̀̃̊͋̋̾̇̒̋͂̏͗͆̂̔́̐̀́͗̅̈̋̂̎̒͊̌̉̈̈́͌̈́̔̾̊̎́͐͒̋̽̽́̾̿̚̕͘͘̚̕̕̕̚̚̕̚̕͘͜͜͜͝͠͝͝͝͝͝͝͝͝ͅͅͅͅͅͅB̸̢̧̨̡̢̧̨̡̡̨̡̨̡̡̡̢̨̢̨̛̛̛̛̛̛͉̞͚̰̭̲͈͎͕͈̦͍͈̮̪̤̻̻͉̫̱͔̞̫̦̰͈̗̯̜̩̪̲̻̖̳͖̦͎͔̮̺̬̬̼̦̠̪̤͙͍͓̜̥̙̖̫̻̜͍̻̙̖̜̹͔̗̪̜̖̼̞̣̠̫͉̯̮̤͈͎̝̪͎͇͙̦̥͙̳̫̰̪̣̱̘̤̭̱͍̦͔̖͎̺̝̰̦̱̣͙̙̤͚̲͔̘̱̜̻͔̥̻͖̭͔̜͉̺͕͙͖̜͉͕̤͚̠̩̮̟͚̗͈͙̟̞̮̬̺̻̞͔̥͉͍̦̤͓̦̻̦̯̟̰̭̝̘̩̖̝͔̳͉̗̖̱̩̩̟͙͙͛̀͐̈́̂̇͛̅̒̉̏̈́̿͐́̏̃̏̓̌̽͐̈́͛̍͗͆͛̋̔̉͂̔̂̓̌͌͋̂͆̉͑̊̎́̈́̈̂͆͑́̃̍̇̿̅̾́́̿̅̾̆̅̈́̈̓͒͌͛̃͆̋͂̏̓̅̀͂̽̂̈̈́̎̾̐͋͑̅̍̈́̑̅̄͆̓̾̈́͐̎̊͐̌̌̓͊̊̔̈́̃͗̓͊͐̌͆̓͗̓̓̾̂̽͊͗́́́̽͊͆͋͊̀̑̿̔͒̏̈́́̏͆̈́͋̒͗͂̄̇̒͐̃͑̅̍͒̎̈́̌̋́̓͂̀̇͛̋͊͆̈́̋́̍̃͒̆̕̚̚̕̕̕͘̕̚̚͘̕͜͜͜͜͝͠͠͝͠͝͝͝͝͠͝͝͝͝ͅͅͅͅͅI̵̡̢̧̨̡̢̨̡̡̢̡̧̡̢̢̢̡̢̛̛͕͎͕̩̠̹̩̺̣̳̱͈̻̮̺̟̘̩̻̫͖̟͓̩̜̙͓͇̙̱̭̰̻̫̥̗̠͍͍͚̞̘̫͉̬̫̖̖̦͖͉̖̩̩̖̤̺̥̻̝͈͎̻͓̟̹͍̲͚͙̹̟̟̯͚̳̟͕̮̻̟͈͇̩̝̼̭̯͚͕̬͇̲̲̯̰̖̙̣̝͇̠̞̙͖͎̮̬̳̥̣̺̰͔̳̳̝̩̤̦̳̞̰̩̫̟͚̱̪̘͕̫̼͉̹̹̟̮̱̤̜͚̝̠̤̖̮̯̳͖̗̹̞̜̹̭̿̏͋̒͆̔̄̃̾̓͛̾̌́̅̂͆̔͌͆͋̔̾́̈̇̐̄̑̓̂̾́̄̿̓̅̆͌̉̎̏̄͛̉͆̓̎͒͘̕̕͜͜͜͜͜͜͜͝͠ͅͅƠ̷̢̛̛̛̛̛̛̛̛̟̰͔͔͇̲̰̮̘̭̭̖̥̟̘̠̬̺̪͇̲͋͂̅̈́̍͂̽͗̾͒̇̇̒͐̍̽͊́̑̇̑̾̉̓̈̾͒̍̌̅̒̾̈́̆͌̌̾̎̽̐̅̏́̈̔͛̀̋̃͊̒̓͗͒̑͒̃͂̌̄̇̑̇͛̆̾͛̒̇̍̒̓̀̈́̄̐͂̍͊͗̎̔͌͛̂̏̉̊̎͗͊͒̂̈̽̊́̔̊̃͑̈́̑̌̋̓̅̔́́͒̄̈́̈̂͐̈̅̈̓͌̓͊́̆͌̉͐̊̉͛̓̏̓̅̈́͂̉̒̇̉̆̀̍̄̇͆͛̏̉̑̃̓͂́͋̃̆̒͋̓͊̄́̓̕̕̕̚͘͘͘̚̕̚͘̕̕͜͜͝͝͝͠͝͝͝͝͠ͅS̷̢̨̧̢̡̨̢̨̢̨̧̧̨̧͚̱̪͇̱̮̪̮̦̝͖̜͙̘̪̘̟̱͇͎̻̪͚̩͍̠̹̮͚̦̝̤͖̙͔͚̙̺̩̥̻͈̺̦͕͈̹̳̖͓̜͚̜̭͉͇͖̟͔͕̹̯̬͍̱̫̮͓̙͇̗̙̼͚̪͇̦̗̜̼̠͈̩̠͉͉̘̱̯̪̟͕̘͖̝͇̼͕̳̻̜͖̜͇̣̠̹̬̗̝͓̖͚̺̫͛̉̅̐̕͘͜͜͜͜ͅͅͅ.̶̨̢̢̨̢̨̢̛̻͙̜̼̮̝̙̣̘̗̪̜̬̳̫̙̮̣̹̥̲̥͇͈̮̟͉̰̮̪̲̗̳̰̫̙͍̦̘̠̗̥̮̹̤̼̼̩͕͉͕͇͙̯̫̩̦̟̦̹͈͔̱̝͈̤͓̻̟̮̱͖̟̹̝͉̰͊̓̏̇͂̅̀̌͑̿͆̿̿͗̽̌̈́̉̂̀̒̊̿͆̃̄͑͆̃̇͒̀͐̍̅̃̍̈́̃̕͘͜͜͝͠͠z̴̢̢̡̧̢̢̧̢̨̡̨̛̛̛̛̛̛̛̛̲͚̠̜̮̠̜̞̤̺͈̘͍̻̫͖̣̥̗̙̳͓͙̫̫͖͍͇̬̲̳̭̘̮̤̬̖̼͎̬̯̼̮͔̭̠͎͓̼̖̟͈͓̦̩̦̳̙̮̗̮̩͙͓̮̰̜͎̺̞̝̪͎̯̜͈͇̪̙͎̩͖̭̟͎̲̩͔͓͈͌́̿͐̍̓͗͑̒̈́̎͂̋͂̀͂̑͂͊͆̍͛̄̃͌͗̌́̈̊́́̅͗̉͛͌͋̂̋̇̅̔̇͊͑͆̐̇͊͋̄̈́͆̍̋̏͑̓̈́̏̀͒̂̔̄̅̇̌̀̈́̿̽̋͐̾̆͆͆̈̌̿̈́̎͌̊̓̒͐̾̇̈́̍͛̅͌̽́̏͆̉́̉̓̅́͂͛̄̆͌̈́̇͐̒̿̾͌͊͗̀͑̃̊̓̈̈́̊͒̒̏̿́͑̄̑͋̀̽̀̔̀̎̄͑̌̔́̉̐͛̓̐̅́̒̎̈͆̀̍̾̀͂̄̈́̈́̈́̑̏̈́̐̽̐́̏̂̐̔̓̉̈́͂̕̚̕͘͘̚͘̚̕̚̚̚͘̕̕̕͜͜͝͠͠͝͝͝͝͠͝͝͝͠͝͝͝͝͝͝ͅͅͅī̸̧̧̧̡̨̨̢̨̛̛̘͓̼̰̰̮̗̰͚̙̥̣͍̦̺͈̣̻͇̱͔̰͈͓͖͈̻̲̫̪̲͈̜̲̬̖̻̰̦̰͙̤̘̝̦̟͈̭̱̮̠͍̖̲͉̫͔͖͔͈̻̖̝͎̖͕͔̣͈̤̗̱̀̅̃̈́͌̿̏͋̊̇̂̀̀̒̉̄̈́͋͌̽́̈́̓̑̈̀̍͗͜͜͠͠ͅp̴̢̢̧̨̡̡̨̢̨̢̢̢̨̡̛̛͕̩͕̟̫̝͈̖̟̣̲̖̭̙͇̟̗͖͎̹͇̘̰̗̝̹̤̺͉͎̙̝̟͙͚̦͚͖̜̫̰͖̼̤̥̤̹̖͉͚̺̥̮̮̫͖͍̼̰̭̤̲͔̩̯̣͖̻͇̞̳̬͉̣̖̥̣͓̤͔̪̙͎̰̬͚̣̭̞̬͎̼͉͓̮͙͕̗̦̞̥̮̘̻͎̭̼͚͎͈͇̥̗͖̫̮̤̦͙̭͎̝͖̣̰̱̩͎̩͎̘͇̟̠̱̬͈̗͍̦̘̱̰̤̱̘̫̫̮̥͕͉̥̜̯͖̖͍̮̼̲͓̤̮͈̤͓̭̝̟̲̲̳̟̠͉̙̻͕͙̞͔̖͈̱̞͓͔̬̮͎̙̭͎̩̟̖͚̆͐̅͆̿͐̄̓̀̇̂̊̃̂̄̊̀͐̍̌̅͌̆͊̆̓́̄́̃̆͗͊́̓̀͑͐̐̇͐̍́̓̈́̓̑̈̈́̽͂́̑͒͐͋̊͊̇̇̆̑̃̈́̎͛̎̓͊͛̐̾́̀͌̐̈́͛̃̂̈̿̽̇̋̍͒̍͗̈͘̚̚͘̚͘͘͜͜͜͜͜͜͠͠͝͝ͅͅͅ☻♥■∞{╚mYÄÜXτ╕○\╚Θº£¥ΘBM@Q05♠{{↨↨▬§¶‼↕◄►☼1♦  wumbo╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ╚̯̪̣͕̙̩̦͓͚̙̱̘̝̏̆ͤ̊̅ͩ̓̏̿͆̌Θ̼̯͉ͭͦ̃͊͑̉ͯͤ̈́ͬ͐̈́͊ͤͅº͍̪͇͖̝̣̪̙̫̞̦̥ͨ̂ͧ̄̿£̺̻̹̠̯͙͇̳ͬ̃̿͑͊ͨͣ

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
2 hours ago, Blademaster91 said:

In a well ventilated room vs a RGB gamer case covered in glass I guess, not sure about putting a bunch of GPUs in a bedroom with no air moving over them.

Yeah the last mining craze ruined GPU pricing, and Nvidia really took advantage of that. I wouldn't mind cryptomining becoming becoming unfeasible for consumer GPUs because I really miss the higher end GPUs being around the $600 range but what we really need are more companies making high end consumer GPUs.

There used to be a law that there needed to be three companies doing any one thing to avoid regulation for monopoly.  Some asinine bastard of a judge ruled that the almost 100 year old law that had had multiple justices look at it before him was “unclear” (maybe to him anyway) and effectively changed it to two.  So he had to learn the hard way why it was three not two in the first place.  I’m not sure there’s a hell deep enough for that man.

Not a pro, not even very good.  I’m just old and have time currently.  Assuming I know a lot about computers can be a mistake.

 

Life is like a bowl of chocolates: there are all these little crinkly paper cups everywhere.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
2 hours ago, atxcyclist said:

When you mine gold, silver, or platinum, you can hold them in your hand. They are tangible. There is a big difference because cryptocurrency doesn’t have that.

ok? And gold and silver are different colors. What relevance does that have here?

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
Just now, poochyena said:

ok? And gold and silver are different colors. What relevance does that have here?

Color =/= money.

elephants

Link to comment
Share on other sites
Link to post
Share on other sites
Posted (edited)
9 minutes ago, poochyena said:

ok? And gold and silver are different colors. What relevance does that have here?

It sounds like he’s talking about the difference between real property assets and other assets.  Cryptocurrency is not real property.  This give it advantages and disadvantages.  Moving real property is notoriously difficult. Particularly through borders.  Cryptocurrency is mostly about smuggling in one way or another.

Edited by Bombastinator

Not a pro, not even very good.  I’m just old and have time currently.  Assuming I know a lot about computers can be a mistake.

 

Life is like a bowl of chocolates: there are all these little crinkly paper cups everywhere.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted (edited)
On 12/30/2020 at 7:30 AM, BiG StroOnZ said:

Nearly one hundred of NVIDIA’s almost fastest GPUs for a single person, and not even for gaming. 

Point being?

 

On 12/30/2020 at 7:47 AM, Gamer Schnitzel said:

The cryptocurrency market has to die. From a logical and rational point of view it makes no sense whatsoever to convert electricity into an online currency. It literally has zero purpose. No I don't care that it helps you dodge taxations or that you are able to make an income from this. Electricity usage is already high enough in the world, we don't need morons running graphics cards day and night for nothing more than just money making reasons. I doubt Americans are able to understand my argument or care too much about environmental consequences but I can definitely see the EU stepping in one day and regulating this because it literally defies logic from a humanity perspective.

To your first point, no, it does not and should not. The hows and whys are for a different thread.

 

The rest of this is just gibberish from someone who feels left out of the RTX party. I don't have an Ampere card either, fwiw.


And telling people that they can't leave their computers turned on? LOL. Because that's what you'd have to do, and good luck enforcing that. Not sure how things work in your part of the world, but over here, we pay by usage for electricity. If someone wants to run 2MW per day from their basement, cool, as long as they can afford the bill. I just don't know what makes you think it would be the least bit possible, let alone practical, to tell people that they can't spend their own money on electricity to make use of the computer they spent their own money on in the way they choose to.

 

< removed as collateral >

 

On 12/30/2020 at 3:45 PM, Poison4K said:

Wow that's fucking insane; not gonna lie this almost makes me want to invest into crypto-mining myself.

I understand due to the economy of scaling that you'd need a number of GPUs to start with in order to be profitable though.

Not really. I was running two at my peak--a GTX 1070 and a GTX 1060. I started with just the 1060. It's all about finding the right coin to mine and the right settings to mine it at.

 

On 12/30/2020 at 3:57 PM, Poison4K said:

Well that's what i mean is that, outside the GPU, there is an initial investment into the other PC components and i'm not sure when that cost would be offset exactly.
I don't know very much about crypto-mining and the profitability though so.

That's where things get tricky. You'd have to be very bullish on the crypto market to buy 78 brand-new 3080s at MSRP. If you have to go to secondary markets and pay...ahem...slightly more for them, you'd really need to be confident in your numbers. If you, like I did, start out with equipment you already own, there's minimal investment except electricity. I ended up buying a cheap 3GB 1060 so I could have a GPU in my main PC after realizing that my 1070 would have done a lot more good pulling in zcash than it was doing playing Overwatch at 1080p.

 

23 hours ago, Moonzy said:

it's a common misconception that most miners abuse their hardware

 

just think about it, we're more scared than you are about our hardware breaking since it's our money on the line

 

so we make sure nothing overheats and gets adequate airflow, we undervolt our cards to get the best efficiency, so there's also less chip degredation (if u google crypto mining calculators, you'll see power rating for the listed GPUs are much lower than actual power of the card because of undervolting)

 

of course there will be exceptions, just as there's always dumb people in whatever community there is.

 

yea i cant really give u an answer because it's a very volatile market, it's an investment and there's always the risk of never getting your ROI back

This. All of this. I love you for this.

 

 

17 hours ago, superfantastic said:

I know someone who mines bitcoin but he barely makes any money lol. I think he made like 100 bucks in 2019 doing it. Maybe he did something wrong, I don't know the details. But it sounds like a boring waste of time if you don't have a killer setup. And even then, it's still boring

Profit is profit, and tbqh not everyone's in it for the profit. I sure wasn't. I wanted to get into the future global economy before it replaces the current system of, "A dollar's worth a dollar because we say it's worth a dollar, and if we create two trillion dollars with no basis for doing so, they're worth two trillion dollars." I got back out of it because electric rates climbed and crypto prices tanked (late-ish 2018), but I'm familiar with it first-hand now. I've done plenty of reading, and if the right circumstances presented themselves, I'd be right back in it in a heartbeat.

Edited by LogicalDrm

Aerocool DS are the best fans you've never tried.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
Quote

 

Paypal is beholden to AMEX, VISA and Mastercard's rules, which in turn are rules imposed by their US HQ and hence US laws.

 

Nobody in their right mind would pay rent in crypto coins. Nobody pays rent using cards because, again, the processing fees, and less-scrupulous landlords dodge taxes by saying they take in less rent than they actually do.

 

I would pay using crypto. If you pay cash, or by check, landlord can always claim you didn't pay or the check got damaged or stolen... with crypto, the transaction is in the blockchain, it's permanent, there's a log that this particular amount of money moved from this wallet to that wallet. Landlord can't deny it. Also, the fee for the transaction is very small... for let's say 1000$, you could pay as little as 10-20 cents (in the crypto currency you choose) but your transaction will be validated and made permanent in maybe a  few hours, or you could pay 50 cents - 1$ and it's pretty much guaranteed within the next minutes. With ETH 2.0 and staking, it would be almost instantaneous.

 

I actually don't care about Bitcoin, and I believe it was flawed from the start... technologically it's fine, and fills a niche, but it's not a coin that can be used like cash can be used. It's not working for regular transactions, would never work for instant payments and all that. But there's other blockchains and  other currencies that are suited for that... see Ethereum and others.

 

 

image.png.00a52351e1b2905bd3b2c8448aa8479e.png

Picture from 2018, it should be a bit better these days.

Quote

Even gold is an industrial metal, diamonds are an industrial material. You can mine both of these, but you can you can make diamonds. The question is if something's industrial value justifies it's value, or is it something else (as in the case of gold which tends to just be horded, with a mistaken belief that gold is money.) 

Gold has a lot of value and it's used in lots of things in industry, circuit boards, computers, chips, various devices,  satellites... its properties make it a very versatile thing.

Diamonds... the price is artificially kept high, it only has value due to marketing and scarcity imposed by the companies that sell diamons. Sure there's loads of industrial diamonds but those are cheap. 

 

 

I gave the example of aluminum, because

Link to comment
Share on other sites
Link to post
Share on other sites
Posted (edited)
5 minutes ago, mariushm said:

 

I would pay using crypto. If you pay cash, or by check, landlord can always claim you didn't pay or the check got damaged or stolen... with crypto, the transaction is in the blockchain, it's permanent, there's a log that this particular amount of money moved from this wallet to that wallet. Landlord can't deny it. Also, the fee for the transaction is very small... for let's say 1000$, you could pay as little as 10-20 cents (in the crypto currency you choose) but your transaction will be validated and made permanent in maybe a  few hours, or you could pay 50 cents - 1$ and it's pretty much guaranteed within the next minutes. With ETH 2.0 and staking, it would be almost instantaneous.

 

I actually don't care about Bitcoin, and I believe it was flawed from the start... technologically it's fine, and fills a niche, but it's not a coin that can be used like cash can be used. It's not working for regular transactions, would never work for instant payments and all that. But there's other blockchains and  other currencies that are suited for that... see Ethereum and others.

 

 

image.png.00a52351e1b2905bd3b2c8448aa8479e.png

Picture from 2018, it should be a bit better these days.

Gold has a lot of value and it's used in lots of things in industry, circuit boards, computers, chips, various devices,  satellites... its properties make it a very versatile thing.

Diamonds... the price is artificially kept high, it only has value due to marketing and scarcity imposed by the companies that sell diamons. Sure there's loads of industrial diamonds but those are cheap. 

 

 

I gave the example of aluminum, because

Nope.  Canceled Checks are considered valid receipts.  Do you not get a receipt if you pay for something in cash?

 

This whole lack of receipt thing is considered a major advantage of cash and cryptocurrency.  The receipt is the money trail.  Money laundering is about smudging money trails.  This is the whole thing with uncut diamonds being used as a payment system in crime.  There’s almost no way to follow the money trail. 

Edited by Bombastinator

Not a pro, not even very good.  I’m just old and have time currently.  Assuming I know a lot about computers can be a mistake.

 

Life is like a bowl of chocolates: there are all these little crinkly paper cups everywhere.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
4 minutes ago, mariushm said:

with crypto, the transaction is in the blockchain, it's permanent, there's a log that this particular amount of money moved from this wallet to that walle

The thing about crypto is the anonymity though, so you'll have to prove your landlord is the owner of that wallet first

Which I don't know how easy or hard it is to do

-sigh- feeling like I'm being too negative lately

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
1 hour ago, ragnarok0273 said:

Color =/= money.

dog =/= cat

 

54 minutes ago, Bombastinator said:

It sounds like he’s talking about the difference between real property assets and other assets.  Cryptocurrency is not real property.  This give it advantages and disadvantages.  Moving real property is notoriously difficult. Particularly through borders.  Cryptocurrency is mostly about smuggling in one way or another.

I don't care about the differences, it has absolutely nothing to do with what I said.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
1 hour ago, poochyena said:

ok? And gold and silver are different colors. What relevance does that have here?

The relevance of them being tangible things, and not 1s and 0s in a database. Gold and silver are standard values, because they have substance and are not just an abstract. Data is abstract, it has no value other than assumed value. I can advertise a poem I typed-up on a local marketplace and say it's worth $85, but I have to convince someone else that it's worth that. If I put 3.25 ounces of silver on the same marketplace it is right now worth $86.71. No one can argue with that because it has established value. If Chase Manhattan doesn't accept Bitcoin or dogecoin for a mortgage payment, then it doesn't pass as currency. I could make a payment with Zimbabwean dollars to Chase Manhattan, two-hundred-quadrillion of them or whatever, and because there's more than assumed value and actual established value to those Zimbabwean dollars, it is currency.

 

Cryptocurrency is just an agreement that 1s and 0s have value, it isn't a true currency because it isn't tangible, it has only assumed value, and it isn't accepted universally like currency has to be. It's essentially a digital gift card only a few places take, with a sometimes wildly fluctuating value.

My Current Setup:

AMD Ryzen 5900X

Kingston HyperX Fury 3200mhz 2x16GB

MSI B450 Gaming Plus

Cooler Master Hyper 212 Evo

EVGA RTX 3060 Ti XC

Samsung 970 EVO Plus 2TB

WD 5400RPM 2TB

EVGA G3 750W

Corsair Carbide 300R

Arctic Fans 140mm x4 120mm x 1

 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted

  

4 hours ago, jagdtigger said:

If its so established why big banks do not accept it? 9_9  This is the end of this argument.

 

https://www.banks.com/articles/investing/cryptocurrency/banks-that-accept-bitcoin/

 

Note that the National Bank of Canada is on there and Goldmen Sachs, one of the worlds biggest bank is trying to launch it's own cryptocurrency. Cryptocurrency is also taxable here in the UK.

 

Not that banks accepting it is as big as you think. So long as you can buy and sell enough things with it you don't need the banks help.

 

2 hours ago, Kisai said:

Nobody in their right mind would pay rent in crypto coins. Nobody pays rent using cards because, again, the processing fees, and less-scrupulous landlords dodge taxes by saying they take in less rent than they actually do. This is a regulatory problem, and you push too hard on regulating renting, and then you chase out renting entirely or push it underground, which is what happens in big cities already, often with most SFH containing illegal suites.

 

Speak for yourself. Here in the UK i can move money around, send it to other people, and pay for everything on my visa with no extra charges. 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
7 minutes ago, atxcyclist said:

it isn't a true currency because it isn't tangible,

I guess it's more of an asset...?

 

Like csgo knife skins, I suppose

-sigh- feeling like I'm being too negative lately

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
47 minutes ago, Moonzy said:

The thing about crypto is the anonymity though, so you'll have to prove your landlord is the owner of that wallet first

Which I don't know how easy or hard it is to do

The landlord can enter they ETH wallet address in the rental agreement ... as a text code (like any bank account number) and/or as a QR code.

You could also simply request the landlord to prove that it's his wallet by sending you a payment from that wallet with a custom private note (you can add a few words to a transaction) ... it can be as little as 0.1$ worth of ethereum or whatever you choose.

If he's a landlord for several houses or apartments, you can also check that wallet to see if other people send him money every month or not.

For example, this is one of Louis Rossmann's ETH wallets, it's pasted in the description of his videos :  https://etherscan.io/address/0x6f6870feb48f08388ee345cf0261e2f03d2fa310

You can click on any transaction and see transaction details and private note (if you're logged in)

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
1 minute ago, Moonzy said:

I guess it's more of an asset...?

 

Like csgo knife skins, I suppose

That is more accurate, it is an asset that many people have agreed has value. It just isn't currency, because anything deemed currency has to be accepted "for all debts, public and private". It's more like chicken as a bartering item; A chicken farmer may not take it in trade for something, but a corn farmer might. A dollar is a dollar to either one, and a silver or gold coin would be the same.

My Current Setup:

AMD Ryzen 5900X

Kingston HyperX Fury 3200mhz 2x16GB

MSI B450 Gaming Plus

Cooler Master Hyper 212 Evo

EVGA RTX 3060 Ti XC

Samsung 970 EVO Plus 2TB

WD 5400RPM 2TB

EVGA G3 750W

Corsair Carbide 300R

Arctic Fans 140mm x4 120mm x 1

 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
2 minutes ago, atxcyclist said:

That is more accurate, it is an asset that many people have agreed has value. It just isn't currency, because anything deemed currency has to be accepted "for all debts, public and private". It's more like chicken as a bartering item; A chicken farmer may not take it in trade for something, but a corn farmer might. A dollar is a dollar to either one, and a silver or gold coin would be the same.

Tbh I'm not sure about the official definition of a currency nor am I bothered to find out (I know, sorry)

 

But a currency to me is something that can be used for trading in many places, and can be divisible easily for exact value of the transaction.

Bitcoin fits in 1.5 out of 2 of that definition, I suppose

 

It's like trying to use euro in US, sure there may be some place that accepts it, but majority of the places don't, but there are certain locations to exchange it to the correct currency that can be used for your needs.

-sigh- feeling like I'm being too negative lately

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
13 minutes ago, atxcyclist said:

The relevance of them being tangible things, and not 1s and 0s in a database. Gold and silver are standard values, because they have substance and are not just an abstract. Data is abstract, it has no value other than assumed value. I can advertise a poem I typed-up on a local marketplace and say it's worth $85, but I have to convince someone else that it's worth that. If I put 3.25 ounces of silver on the same marketplace it is right now worth $86.71. No one can argue with that because it has established value. If Chase Manhattan doesn't accept Bitcoin or dogecoin for a mortgage payment, then it doesn't pass as currency. I could make a payment with Zimbabwean dollars to Chase Manhattan, two-hundred-quadrillion of them or whatever, and because there's more than assumed value and actual established value to those Zimbabwean dollars, it is currency.

 

Cryptocurrency is just an agreement that 1s and 0s have value, it isn't a true currency because it isn't tangible, it has only assumed value, and it isn't accepted universally like currency has to be. It's essentially a digital gift card only a few places take, with a sometimes wildly fluctuating value.

 

The definition of currency as provided by Oxford University (by way of Professor Google):

 

a system of money in general use in a particular country

 

Let's get hypothetical. Let's assume that Theoreticalfuturecoin (FC, for short) is accepted by merchants in the US. Before leaving for the store, you grab the printed QR code that links to your FC wallet. You go to Walmart and grab a few household items, then on the way out you scan your QR code to pay. Then you stop at the grocery store and pick up milk and eggs because you, like me, always run out of milk and eggs at the worst goddamn time. Same deal. You now have a system of money that's in general use within the United States. Note that "currency" doesn't require government backing, just that it's a system of money (check) in general use (check) in a particular country (check).

 

Things admittedly get much trickier from there because ultimately, at some point, at the end of it all, the FC will need to be converted to USD, because the US government isn't going to be interested in giving up control of its own economy like that. So is the FC a true currency, or is it more like quasi-cash (which makes the rules ever so much more complicated)? And that's before we get into security. If the only thing tying that wallet to you is the piece of paper with a QR code and you lose that, RIP your money. You'd need some kind of secondary verification, something as simple as a PIN. And few things are less simple than "simple" changes to the way a merchant's processor talks to the financial institution holding the funds.

 

Cryptocurrency isn't there yet, and it's not going to be for a while. None of the cryptocurrencies on the market today is "the one" to do it. I would actually argue that crypto makes a lot more sense for a smaller, modernizing country like Brazil or Ethiopia, where the simpler, more fluid form of money movement makes a lot of sense. Possibly even as a semi-global currency shared by multiple nations. Getting bigger and older countries to step way back from the currencies they're using and controlling now will require an unprecedented success of these nations' efforts, and a very real, very tangible bulletproof argument for stepping back from their own dollar.

Aerocool DS are the best fans you've never tried.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
27 minutes ago, atxcyclist said:

The relevance of them being tangible things, and not 1s and 0s in a database.

Their tangibility has never been question, so its irrelevant to anything I have said.

27 minutes ago, atxcyclist said:

Gold and silver are standard values, because they have substance and are not just an abstract.

No, like it said, its due to the cost to obtain and the scarcity.

28 minutes ago, atxcyclist said:

Data is abstract

Also no, data is not "abstract", its strictly defined. There is no such thing of abstract data, its a real physical thing.

29 minutes ago, atxcyclist said:

it has no value other than assumed value.

What does this even mean?

31 minutes ago, atxcyclist said:

I can advertise a poem I typed-up on a local marketplace and say it's worth $85, but I have to convince someone else that it's worth that. If I put 3.25 ounces of silver on the same marketplace it is right now worth $86.71. No one can argue with that because it has established value.

What do you mean no one can argue with that? lmao. Do you think price of silver has NEVER changed? Its value is based exactly the same as a poem is; the price someone is willing to pay for it.

33 minutes ago, atxcyclist said:

Cryptocurrency is just an agreement that 1s and 0s have value, it isn't a true currency because it isn't tangible

Where are you getting this idea that currency has to be tangible? There is no reason for that to be true

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
2 minutes ago, aisle9 said:

 

Things admittedly get much trickier from there because ultimately, at some point, at the end of it all, the FC will need to be converted to USD, because the US government isn't going to be interested in giving up control of its own economy like that. So is the FC a true currency, or is it more like quasi-cash (which makes the rules ever so much more complicated)? And that's before we get into security. If the only thing tying that wallet to you is the piece of paper with a QR code and you lose that, RIP your money. You'd need some kind of secondary verification, something as simple as a PIN. And few things are less simple than "simple" changes to the way a merchant's processor talks to the financial institution holding the funds.

If you drop your wallet on the street, your cash is gone, not recoverable.

With wallets, when you generate your wallet you're also give a recovery sequence, a phrase with lots of words you can type to recover your wallet. You can print that sequence or the actual wallet file as a hex dump and put it in a safe, or a safety deposit box, whatever.

As for converting back to USD ... well, some prisons can work just fine using ramen noodles and other things as currency.  Same in some places for using tide pods or powder milk as currency to buy drugs.

 

 

 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
10 minutes ago, mariushm said:

If you drop your wallet on the street, your cash is gone, not recoverable.

With wallets, when you generate your wallet you're also give a recovery sequence, a phrase with lots of words you can type to recover your wallet. You can print that sequence or the actual wallet file as a hex dump and put it in a safe, or a safety deposit box, whatever.

As for converting back to USD ... well, some prisons can work just fine using ramen noodles and other things as currency.  Same in some places for using tide pods or powder milk as currency to buy drugs.

Security is an actual, practical question, and it's one I deal with damn near every day.

 

Converting to USD is more of a philosophical one. The US financial system defines a certain gray area of money as "quasi-cash". Things like casino chips, money orders or travelers checks, that have an intrinsic value not necessarily linked to that of the dollar. If the coin has to be converted to USD at some stage of its journey, is it truly a currency of its own, or is it quasi-cash?

Aerocool DS are the best fans you've never tried.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
1 minute ago, poochyena said:

Their tangibility has never been question, so its irrelevant to anything I have said.

No, like it said, its due to the cost to obtain and the scarcity.

Also no, data is not "abstract", its strictly defined. There is no such thing of abstract data, its a real physical thing.

What does this even mean?

What do you mean no one can argue with that? lmao. Do you think price of silver has NEVER changed? Its value is based exactly the same as a poem is; the price someone is willing to pay for it.

Where are you getting this idea that currency has to be tangible? There is no reason for that to be true

 

The price of silver is more than just an agreement, it has nothing to do with what someone is willing to pay for it because the value is established. It may change, but it is what the value of other currencies is based on, it's a standard.

 

The rest of this is just you trying to justify cryptocurrency to me, which isn't going to work. 

My Current Setup:

AMD Ryzen 5900X

Kingston HyperX Fury 3200mhz 2x16GB

MSI B450 Gaming Plus

Cooler Master Hyper 212 Evo

EVGA RTX 3060 Ti XC

Samsung 970 EVO Plus 2TB

WD 5400RPM 2TB

EVGA G3 750W

Corsair Carbide 300R

Arctic Fans 140mm x4 120mm x 1

 

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
On 12/29/2020 at 10:47 PM, Gamer Schnitzel said:

The cryptocurrency market has to die. From a logical and rational point of view it makes no sense whatsoever to convert electricity into an online currency. It literally has zero purpose. No I don't care that it helps you dodge taxations or that you are able to make an income from this. Electricity usage is already high enough in the world, we don't need morons running graphics cards day and night for nothing more than just money making reasons. I doubt Americans are able to understand my argument or care too much about environmental consequences but I can definitely see the EU stepping in one day and regulating this because it literally defies logic from a humanity perspective.

in other words the USA likely won't regulate the living garbage out of an alternative way to make money but the EU will, just because the established government and powers don't like it

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
On 12/29/2020 at 10:47 PM, Gamer Schnitzel said:

The cryptocurrency market has to die. From a logical and rational point of view it makes no sense whatsoever to convert electricity into an online currency. It literally has zero purpose. No I don't care that it helps you dodge taxations or that you are able to make an income from this. Electricity usage is already high enough in the world, we don't need morons running graphics cards day and night for nothing more than just money making reasons. I doubt Americans are able to understand my argument or care too much about environmental consequences but I can definitely see the EU stepping in one day and regulating this because it literally defies logic from a humanity perspective.

I can see valuable reasons for cryptocurrencies and with stuff like ethereum where it's a smart contract you essentially have a distributed super computer which is kind of cool but the reason why I'm not onboard (aka why I'm not a multimillionaire) is that a conventional super computer is far more efficient than a distributed super computer will ever be.

Link to comment
Share on other sites
Link to post
Share on other sites
Posted
10 hours ago, aisle9 said:

almost unenforceable

Its pretty easy, just go for the exchanges, if ppl cant chip in their fake currency for real one they will loose interest.

Link to comment
Share on other sites
Link to post
Share on other sites
Guest
This topic is now closed to further replies.
 Share
Go to topic listing Tech News

×