Cryptocurrency mining makes a move to RTX 3000 Series Laptops

rl66

2021-02-10 13:33

bobnewels:

Well I like the crypto,amazing how many good people in the world that hate crypto.

Because most people see the problem that it made. I like how it work too, but with time and too much abuse, it become a plague for nearly anything it touch. Also for now, global economy is more or less stable, but when there will be a big ecomic crash... Crypto due to it's origin, will be like having lead boots at 2000m from ground without parachute... To meditate.

#5886008

rl66

2021-02-10 13:47

Kaarme:

Seeing how Tesla invested 1.5 billion dollars in bitcoin

Tesla have invested in some bitcoin... But doing this and share the fact that it have done this in any media, made those bitcoins cost way more than when Tesla get them... (whenever you like him or not, Elon is smart in valorisation) Don't forget that the real news is not "Tesla use bitcoin" but "Tesla have open a part of it's financement to more volatil parts" it doesn't mean the same things.

#5886011

Kaarme

2021-02-10 13:57

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.

Can't say I'd be seeing anyone else solving it either (I say solving, but I get from your pov there's nothing that needs to be solved). 99.999999% of humans live under one government or another. So, obviously they just have to deal with governments taking away plenty of freedoms. Even if you built an artificial island and lived in the middle of an ocean, you still technically wouldn't be totally free from the influences of various governments.

Venix:

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.

That wasn't sarcasm, that was kindergarten logic. Because crimes happened before crypto, does it mean giving the criminals one more valuable tool with the crypto means nothing? Murders happened before firearms, so does that mean firearms don't contribute to murders at all?

#5886017

Kevin Mauro

2021-02-10 14:14

Wondering if we’ll end up with a crypto bubble

#5886021

Noisiv

2021-02-10 14:18

Imagine being a computer geek who gets mad at people sharing their own 1s and zeros small government proponent advocating government regulations of electron paths in the electricity you bought private ownership believer who wants to make your digital goods illegal believer in free trade who wants to forbid people from trading their own sht guy who worships "self-made" billionaires but loses his mind if ppl get rich doing simple things he consistently refuses to get educated about venture capitalism worshiper who want to prevent people from "speculating" someone who for 12 years in a row does not get tired of "wait for bubble blablabla"

#5886025

EspHack

2021-02-10 14:28

hopefully they aim at teslas next, we might get a flood of cheap teslas coming back to market after another crypto crash, still enjoying my ex-mining RX570 I got for 75$

#5886028

DarkQuark

2021-02-10 14:31

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 it´s value clearly makes it unsuitable for it to be used as currency. It´s the ultimate irony that the people defending crypto as an alternative currency against government controled currencies while it´s thanks to the monetary measures taken by those same governments that cryptos are reaching those silly values... There´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.

As I mentioned earlier the true power of crypto is not in investing or any sort of value proposition, it's that the traditional monetary gate keepers (big banks/governments) don't control it. It gives you the freedom to move money around however you like without the thumb of a bank or government pressing down on you. And it is for that reason it will eventually end up regulated to uselessness and or outlawed entirely.

#5886029

Saabjock

2021-02-10 14:31

I'm going to take a very unpopular position here... I don't blame miners. They're looking to make money (digital or otherwise) just like most people. I do blame GPU manufacturers, retailers and resellers. They ultimately have control of who does and does not get these GPU in mass quantities. They'd like you to believe they're not the 'bad guys' by playing to the "we care about our customers group". Bottom line: They don't care who these GPUs go to, as long as they go at the price they want them to go for.

#5886031

DarkQuark

2021-02-10 14:35

Kaarme:

Can't say I'd be seeing anyone else solving it either (I say solving, but I get from your pov there's nothing that needs to be solved). 99.999999% of humans live under one government or another. So, obviously they just have to deal with governments taking away plenty of freedoms. Even if you built an artificial island and lived in the middle of an ocean, you still technically wouldn't be totally free from the influences of various governments. That wasn't sarcasm, that was kindergarten logic. Because crimes happened before crypto, does it mean giving the criminals one more valuable tool with the crypto means nothing? Murders happened before firearms, so does that mean firearms don't contribute to murders at all?

I am not sure crypto is the issue so much as how people choose to abuse it. But that's with anything really. I do not really care for crypto (I do not even dabble in it) but just because I do not care for it does not mean I think a government should run in and take it away. I am not at all anti-government, it is a necessary thing, I am against trying to use government to solve every problem there is because that pretty much never works out in our favor, ever.

#5886034

TekkMarine

2021-02-10 14:42

21 Million Bitcoins divided equally between all earths inhabitants 7.674 Billion would be 0.002736512, excl those in lost in circulation. I'm not sure I will hail the day the Bitcoin symbol is placed on a keyboard.

#5886038

WalterDasTrevas

2021-02-10 14:52

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.

A currency that basically serves to strengthen dictatorships and launder money from organized crime does not qualify as "freedom".

#5886039

0blivious

2021-02-10 14:53

Not sure why nvidia/AMD even bother with gaming benchmarks for their new releases. Just show people how much more bitcoin it will mine. PS - People coming on a gaming/tech forum, trying to tell us the tale of how it's cool to be Joe bitcoin Miner. No it isn't. **** you too.

#5886046

Astyanax

2021-02-10 15:04

Saabjock:

They ultimately have control of who does and does not get these GPU in mass quantities.

no they don't.

#5886048

kgrosser

2021-02-10 15:12

Thanks for you humble word on the plaque that cryptocurrency "mining" is. I might add what an utter distortion the term mining actually is, as they are not gaining anything (like in gold mining) with a "fixed" currency but just encryting one time transactions - so there is nothing to stay, from that mining but literally wasted phyisical, limited ressources such as rare earth with the planet swamped with high toxic electronic waste once these farms consider an "update" to stay "profitable". It. should. be. taxed. And in a relation that makes transfers via crypto hoighly unattractive

#5886050

Dragam1337

2021-02-10 15:26

Hilbert Hagedoorn:

Personally, I am not a supporter of Cryptocurrency mining. The amount of energy used for your digital currency is a plague concerning energy and power consumption. The amount of energy used is bigger ... Cryptocurrency mining makes a move to RTX 3000 Series Laptops

Cryptocurrency mining ought to be made illegal globally...

#5886051

Silva

2021-02-10 15:45

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.

The world is not only the USA libtard. Spare me with that freedom BS, you are not free either. Cryptocurrency is not a monetary option, there's no security on it at all. It's just used for criminals to laundry money. And who said take away? The government only needs to tax and regulate it, that will make it less profitable for the average Joe to have his little farm at home and will discourage people not comfortable about paying taxes and being legal. It would in turn bring more security and stability to the coin, so it would be a win win. You accuse me of being short sighted and self centred, do you know how much electricity is spent on crypto farming alone? As much as a small country, millions of homes that could be powered for years. And do you know where that power comes from? Cheap sources like coal, that its pollution kills thousands of people every year. Talk about short sighted people... My opinion? Just ban it, it's just producing waste. But being regulated by governments would be a big win for everyone compared to the present situation.

#5886054

WalterDasTrevas

2021-02-10 16:00

Cryptocurrencies are the new Tulipmania. "What Was the Dutch Tulip Bulb Market Bubble? The Dutch tulip bulb market bubble, also known as 'tulipmania' was one of the most famous market bubbles and crashes of all time. It occurred in Holland during the early to mid 1600s when speculation drove the value of tulip bulbs to extremes. At the height of the market, the rarest tulip bulbs traded for as much as six times the average person's annual salary. Today, the tulipmania serves as a parable for the pitfalls that excessive greed and speculation can lead to." One day everyone realized that the "gold" were just tulips. One day they will realize that it is just money invented without any work or return for society as a whole.

#5886059

MonstroMart

2021-02-10 16:11

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.

I don't see what freedom has to do with a currency. The government should 100% regulate cryptocurrency. Forget about the BS some people tries to sell you about what cryptocurrency is. It democratizes currency bla bla bla that's some heavy BS. The only point of cryptocurrency right now is to let the rich (and more importantly criminals) gets richer. All this energy and silicon wasted for no purpose other than letting people with money makes even more money. You can't build those GPU rig unless you have a big budget to start with. Cryptocurrency has no value other than the unregulated artificial value some people put in it. It's more than extremely volatile and is 100% useless as a currency. Monday Hey i have .001 bitcoin i could buy a meal for me and my wife. Tuesday hey my .001 bitcoin is not even worth a single sheet of paper. It's slowly becoming the biggest scam in history.

#5886061

Venix

2021-02-10 16:22

@Kaarme because it is possible to commit a crime with something does not mean it needs to be gone ...if we use as a reasoning that x thing can be used for a crime then let's ban EVERYTHING ! Guns sharp objects money too actually pillows too you can suffocate people with em .... Cars too you can run over people with em , gasoline and any highly flammable fuel can be used for arson too let's ban that too. What i wanted to say was is that you can commit a crime with almost everything presenting it as the root of the problem is straight up fearmogering .

#5886063

SplashDown

2021-02-10 16:32

LMAO, did anyone see that 1 pic where they used 32 small fans in the window instead of 1 big air mover? I think all of this is just stupid, the car companies are running commercials now [GM & FORD] that they will be all electric by 2035 but it's not going to matter unless the rest of the companies and knuckleheads wasting energy get onboard. Yes there is waste everywhere that needs change but I assume you get my point.