Cryptocurrency mining makes a move to RTX 3000 Series Laptops
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Truder
And this is why we can't have nice things....
CrazY_Milojko
2017 GPU mining craze is happening again, but this year it's going to be even worse, wish that I'm wrong but... š Long term looking this doesn't looking good for PC as a platform, many will abandon PC as a entusiast/gaming hobby and find something else, many will never come back again even when situation returns to normal and guess some of those who were using PC for productivity workloads willing to upgrade to something more powerfull will turn their heads to the newest Apple products. Really hope that this cripto bubble is going to burst as soon as possible...
Devid
Gaming laptops?!
What comes next?Smart watches?Smart appliances in the kitchen?
This will end up very bad this time...
KissSh0t
I understand now why video cards are so hard to purchase for anyone outside of China..... because they aren't leaving China.
TheDeeGee
Very sad, i wish they banned this fake money business already.
I guess sooner or a later it's gonna be a huge issue anyways due to power consumption, and more people have electric cars that need charging as well. The powernet won't be able to handle it anymore.
anticupidon
Maybe, somehow, this will make people and corporation to move to solar energy.
Call me optimistic and a dreamer.
Kaarme
Seeing how Tesla invested 1.5 billion dollars in bitcoin and apparently you can soon buy a Tesla car with bitcoin, I don't see much hope for a better tomorrow. As far as I know (which isn't much), folks can mine the GPU heavy crypto and exchange them easily for bitcoin. If nobody cared about the other crypto, only bitcoin, maybe there would be a bit of hope left. However, the current development seems to be the opposite, crypto becoming more and more legitimate all the time. I haven't seen even environmentalists campaigning against it, despite the huge energy consumption. Maybe because crypto is useful for the drug trade.
Kevin Mauro
This is out of control
Venix
You know that every currency in the world is not backed on anything right ? After 1971 there is no gold standard
.The money in our wallets is just paper ...ever wondered what will happen when people in mass realize that there is nothing behind money ? And all the stimulus money at the moment they get printed created out of thin air .
@Kaarme yes indeed crypto is responsible for the drug trade before 2014 there was no way to do anything illegal and especially drug trafficking was not existent pre crypto ! Sarcasm aside i totally agree about the consumption on the other hand i would love to see folding @ home getting rewarded with crypto and this booming , at least that way the calculation efforts go to a good cause.
I guess it is another fever period after the gold fever and the oil fever now we have the crypto fever . š
DarkQuark
It just seems insane to me. All that hardware and power consumption to "create" something that does not really exist.
I think a lot of folks see this crypto thing wrong. I don't think it was created to make millionaires or not even as a place to invest money. The true power in it is that you can move money around the world without the big banks or governments getting involved. That's actually why they dislike it so much in my opinion.
It has real power and function, but this mining thing is not what it's about. This is just people trying to get rich quick which has happened since the beginning of time.
DarkQuark
Nothing will happen. So long as people are at least moderately comfortable they tend not to care. It's human nature. Now let things get tough and that is a different story.
WalterDasTrevas
Selfish parasites that inflate energy tariffs and damage everyone's economy.
Venix
Eventually things callapse i hope you are right though....sadly after we are done with covid inflation will strike hard . Usa alone created 40% extra dollars inflation in prices is not shown yet but it is always where it ends up.
DarkQuark
I cannot think of a time in history where things REALLY changed drastically that was not precipitated by hard times whether that be something man made or an act of God. My point being that things will trod along as they are until something really goes sideways.
Silva
Only hope is for governments to take action against crypto coins. Mining with dedicated hardware I don't care, but when a normal parent can't even buy his kid a laptop: it's sickening.
As someone said in this thread, we can't buy hardware because it doesn't leave China. We have a serious problem here that AMD and Nvidia need to sort out on their end too.
bobnewels
Well I like the crypto,amazing how many good people in the world that hate crypto.
Venix
Well i am not saying the fall of fiat currency will be bad or good , well immediately after the fall if it happens will be bad but in the long run ? We can't know might be ultimately a good thing. Yes i agree that things will tug along till things go sideways .
Solfaur
Never done any mining myself, but I did "invest" a bit in bitcoin (big mistake, only losses) in the past and I really, really hate what the whole cryptocurrency "scene" has become.
While I did believe, and still do, that there is a future for crypto (that is if we don't have some extinction event happening that brings us back to the stone age), in this shape and form it is just too much. At the same time it shows how greed in a "wild capitalism" like this (in "communist" China nonetheless, lol) can mess things up. The makers of the hardware get tons of money, yet consumers and environment get rekt.
Very, very messed up times, however for some few out there, it's the best times ever...
One thing is sure though, unless the market crashes HARD again, I will never see an Ampere card this year. It won't even matter how much x times nvidia will ramp up production, all of it will be sucked up by miners.
DarkQuark
You want a government to take away a freedom (or a monetary option) so that you can more easily buy a laptop? I find that to be a short sighted and destructively self centered point of view. Don't get me wrong, I clearly disagree, but I am not at all saying you are not entitled to your opinion. I get it, crypto is a hot topic, but thinking the government can solve that (or anything) is just poor judgement in my opinion.
H83
Crypto is not gaining any legitimacy this way, quite the opposite. The prices are raising due tospeculation fuelled by interest rates at an all time low, nothing more. And the high volatility of itĀ“s value clearly makes it unsuitable for it to be used as currency.
ItĀ“s the ultimate irony that the people defending crypto as an alternative currency against government controled currencies while itĀ“s thanks to the monetary measures taken by those same governments that cryptos are reaching those silly values...
ThereĀ“s really no monetary option with crypto, not when someone can create a virtual currency out of their asses and try to sell them for a profit. This is just pure and hard speculation, nothing more.
