Codename: Clusterfuck -
America's War for the Greater Middle East: A Military History
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Saturday, 20 January 2018
quote [ “Cryptocurrency can’t crash soon enough,” one gamer fumes. ]
I wonder how this will affect game development and sales going forward. Will developers hinder their own product in order to avoid negative reviews from gamers who can't afford or acquire the higher end graphic cards? Will there be a surplus in the card market when comcast and other shifty net providers throttle blockchain traffic?
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norok said @ 11:06pm GMT on 20th January
From someone that has been managed mining rigs from 2012-2015...
The people running GPU mining rigs have been a seasonal fad when crypto prices are accelerating. In those times GPU mining is profitable but only by so much. People delude themselves into thinking it is a better investment to buy hardware to generate them out of thin ahir. The reality is you still have to pick the right crypto to mine and make the capital investment. More often than not you're better off just buying the crypto outright and riding the trend upwards.
What the fools buying up GPUs now do not get is that 99% of these shitcoins will be gone in 2 years and Bitcoin mining has for a long time been taken over by ASICs (processors designed specifically for Bitcoin's blockchain). Any crypto that comes into high demand has processing power thrown at it putting the average Joe miner back to losing money when factoring in electricity costs.
norok said @ 11:12pm GMT on 20th January
From someone that has been managed mining rigs from 2012-2015...
The people running GPU mining rigs have been a seasonal fad when crypto prices are accelerating. In those times GPU mining is profitable but only by so much. People delude themselves into thinking it is a better investment to buy hardware to generate them out of thin ahir. The reality is you still have to pick the right crypto to mine and make the capital investment. More often than not you're better off just buying the crypto outright and riding the trend upwards.
What the fools buying up GPUs now do not get is that 99% of these shitcoins will be gone in 2 years and Bitcoin mining has for a long time been taken over by ASICs (processors designed specifically for Bitcoin's blockchain). Any crypto that comes into high demand has processing power thrown at it putting the average Joe miner back to losing money when factoring in electricity costs.
On the note about providers throttling traffic: that's not really how they work. The traffic is miniscule and decentralized. That is one of the beauties of blockchain that got me into it so long ago. Theoretically, a government could completely isolate their Internet from the rest of the world and the blockchain would continue both interally and externally. All it would take was a single telephone, satellite, etc. connection to link them for a short period and the ledgers be made aware of one another. It is very robust in that sense.
norok said @ 11:12pm GMT on 20th January
From someone that has managed mining rigs from 2012-2015...
The people running GPU mining rigs have been a seasonal fad when crypto prices are accelerating. In those times GPU mining is profitable but only by so much. People delude themselves into thinking it is a better investment to buy hardware to generate them out of thin air. The reality is you still have to pick the right crypto to mine and make the capital investment. More often than not you're better off just buying the crypto outright and riding the trend upwards.
What the fools buying up GPUs now do not get is that 99% of these shitcoins will be gone in 2 years and Bitcoin mining has for a long time been taken over by ASICs (processors designed specifically for Bitcoin's blockchain). Any crypto that comes into high demand has processing power thrown at it putting the average Joe miner back to losing money when factoring in electricity costs.
On the note about providers throttling traffic: that's not really how they work. The traffic is miniscule and decentralized. That is one of the beauties of blockchain that got me into it so long ago. Theoretically, a government could completely isolate their Internet from the rest of the world and the blockchain would continue both interally and externally. All it would take was a single telephone, satellite, etc. connection to link them for a short period and the ledgers be made aware of one another. It is very robust in that sense.
<-- Entry / Current Comment
norok said @ 11:06pm GMT on 20th January [Score:3]
From someone that has managed mining rigs from 2012-2015...
The people running GPU mining rigs have been a seasonal fad when crypto prices are accelerating. In those times GPU mining is profitable but only by so much. People delude themselves into thinking it is a better investment to buy hardware to generate them out of thin air. The reality is you still have to pick the right crypto to mine and make the capital investment. More often than not you're better off just buying the crypto outright and riding the trend upwards.
What the fools buying up GPUs now do not get is that 99% of these shitcoins will be gone in 2 years and Bitcoin mining has for a long time been taken over by ASICs (processors designed specifically for Bitcoin's blockchain). Any crypto that comes into high demand has processing power thrown at it putting the average Joe miner back to losing money when factoring in electricity costs.
On the note about providers throttling traffic: that's not really how they work. The traffic is miniscule and decentralized. That is one of the beauties of blockchain that got me into it so long ago. Theoretically, a government could completely isolate their Internet from the rest of the world and the blockchain would continue both interally and externally. All it would take was a single telephone, satellite, etc. connection to link them for a short period and the ledgers be made aware of one another. It is very robust in that sense.
