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| 04:08 AM | ||
| Users Online Now: 1,149 (Who's On?) | Visitors Today: 357,861 | |
| Pageviews Today: 473,101 | Threads Today: 151 | Posts Today: 2,072 |
| 04:08 AM | ||
"Production" of Bitcoin using more power than Belgium, Netherlands, or Argentina | |
| Anonymous Coward User ID: 79899173  Germany02/16/2021 01:46 PM Report Abusive Post Report Copyright Violation | |
Fhirinne  User ID: 79463692  United Kingdom02/16/2021 01:50 PM Report Abusive Post Report Copyright Violation | Yeah its a energy beast which makes me wonder how it will be seen in the green new eyes that the world seems to be heading down. You are the CEO of your own wellness. You need to take back your health from the disease-care system |
| Anonymous Coward User ID: 80057152  Ireland02/16/2021 01:54 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79998240 02/16/2021 01:57 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 79899173 Germany02/16/2021 01:59 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79826391  France02/16/2021 02:00 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 79899173 Germany02/16/2021 02:01 PM Report Abusive Post Report Copyright Violation | I KNEW there was something wrong with cryptocurrency. The idea alone... money that is not based on anything that has actual value... not gold, not anything valuable... but "mined" by software. I don't care if you call it by the mythical word "blockchain" or whatever else. |
| Anonymous Coward (OP) User ID: 79899173 Germany02/16/2021 02:03 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 54596823  Canada02/16/2021 02:03 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin |
| Anonymous Coward (OP) User ID: 79899173 Germany02/16/2021 02:05 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. Quoting: Anonymous Coward 54596823 The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin I see you are carefully avoiding the issues I am touching upon. |
| wessonoil User ID: 79644260  United States02/16/2021 02:06 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. Quoting: Anonymous Coward 54596823 The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin You cannot mine Bitcoin with a laptop. You need a highly specialized miner to do that. wessonoil |
| Violetag User ID: 79488186  Netherlands02/16/2021 02:06 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. Quoting: Anonymous Coward 54596823 The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin you cant mine BTC with a laptop .. sooo you dont know wtf you are talking about like the rest of the people in this thread. Kryten |
| Anonymous Coward User ID: 72648819 United States02/16/2021 02:07 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. Quoting: Anonymous Coward 54596823 The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin I see you are carefully avoiding the issues I am touching upon. They are just pointing out another down side of crypto mining Its also the reason we are having chip shortages. |
| Anonymous Coward User ID: 72648819 United States02/16/2021 02:08 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. Quoting: Anonymous Coward 54596823 The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin you cant mine BTC with a laptop .. sooo you dont know wtf you are talking about like the rest of the people in this thread. Yes you can if it has a dedicated gpu. You are the one who is clueless. |
| Anonymous Coward User ID: 80056072 United States02/16/2021 02:08 PM Report Abusive Post Report Copyright Violation | An older article. [link to www.bbc.com (secure)] |
| Anonymous Coward User ID: 80056072 United States02/16/2021 02:09 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. Quoting: Anonymous Coward 54596823 The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin you cant mine BTC with a laptop .. sooo you dont know wtf you are talking about like the rest of the people in this thread. I used to do it with a bank of old cellphones over WIFI. Then the price of electricity was not worth it anymore. |
| Anonymous Coward User ID: 72648819 United States02/16/2021 02:10 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. Quoting: Anonymous Coward 54596823 The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin You cannot mine Bitcoin with a laptop. You need a highly specialized miner to do that. Not true, all it takes is a dedicated gpu. Yea the cheaper laptops have integrated graphics and arent good enough, but there are plenty of laptops out there. |
| Fhirinne User ID: 79463692 United Kingdom02/16/2021 02:11 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. Quoting: Anonymous Coward 54596823 The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin you cant mine BTC with a laptop .. sooo you dont know wtf you are talking about like the rest of the people in this thread. Yes you can if it has a dedicated gpu. You are the one who is clueless. BTC is way past GPU mining at this point. Its asics or nothing You are the CEO of your own wellness. You need to take back your health from the disease-care system |
| Anonymous Coward User ID: 59775242 United States02/16/2021 02:11 PM Report Abusive Post Report Copyright Violation | Just as gold is a store of labor/energy required to procure it from the earth. Bitcoin is a store of energy, allowing places that would otherwise have no customers to use said energy to tokenize and monetize their energy production. |
| Anonymous Coward User ID: 80056072 United States02/16/2021 02:11 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. Quoting: Anonymous Coward 54596823 The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin you cant mine BTC with a laptop .. sooo you dont know wtf you are talking about like the rest of the people in this thread. I used to do it with a bank of old cellphones over WIFI. Then the price of electricity was not worth it anymore. Like this. Chinese Household in Trouble for Chasing a Lost Cause – Mining Bitcoin with Phones [link to news.bitcoin.com (secure)] Samsung Made a Bitcoin Mining Rig Out of 40 Old Galaxy S5s [link to www.vice.com (secure)] [link to www.youtube.com (secure)] |
| Anonymous Coward User ID: 80056072 United States02/16/2021 02:13 PM Report Abusive Post Report Copyright Violation | Just as gold is a store of labor/energy required to procure it from the earth. Quoting: Anonymous Coward 59775242 Bitcoin is a store of energy, allowing places that would otherwise have no customers to use said energy to tokenize and monetize their energy production. Gold has TONS of uses outside being a store for wealth. Medical. Technological. Astronomy. |
| Anonymous Coward User ID: 72517218 United Kingdom02/16/2021 02:13 PM Report Abusive Post Report Copyright Violation | |
| Violetag User ID: 79488186 Netherlands02/16/2021 02:30 PM Report Abusive Post Report Copyright Violation | |
| Violetag User ID: 79488186 Netherlands02/16/2021 02:32 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. Quoting: Anonymous Coward 54596823 The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin you cant mine BTC with a laptop .. sooo you dont know wtf you are talking about like the rest of the people in this thread. Yes you can if it has a dedicated gpu. You are the one who is clueless. ok retard you go ahead and do the Math on that .. you Do not know wtf you are talking about you clueless bastard. Kryten |
| Anonymous Coward (OP) User ID: 79899173 Germany02/16/2021 02:34 PM Report Abusive Post Report Copyright Violation | I do IT Work, and we have a few suppliers we go to for hardware to order for our clients.. Quoting: Anonymous Coward 54596823 The CHEAPEST decent biz class laptop/desktop we can find is 1400USD because people keep buying any good computers to mine bitcoin you cant mine BTC with a laptop .. sooo you dont know wtf you are talking about like the rest of the people in this thread. I used to do it with a bank of old cellphones over WIFI. Then the price of electricity was not worth it anymore. There you have it. It's like that famous "peak oil", remember? |
| Anonymous Coward User ID: 14481951  Australia02/16/2021 02:34 PM Report Abusive Post Report Copyright Violation | I bet you didn't know this about Bitcoin. I just heard it in the TV news myself.... Quoting: Anonymous Coward 79899173 Bitcoin is "mined" (sells better with this terminology I guess) online by software, which uses computer resources and of course electrical power. But apparently it uses a LOT of power, even more than than the total yearly power needed by nations such as Belgium, The Netherlands or even Argentina... More than 121 TWh (TeraWatt/h).... ONE single Bitcoin transaction uses the same power as (I think it was) 120,000 Visa card transactions...... You just learned about the hidden side of Bitcoin.... but over 2/3 of that is done in China using cheap coal electricity. so its not as expensive as people assume!!! |
| Anonymous Coward (OP) User ID: 79899173 Germany02/16/2021 02:35 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 72517218 United Kingdom02/16/2021 02:35 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward (OP) User ID: 79899173 Germany02/16/2021 02:36 PM Report Abusive Post Report Copyright Violation | I bet you didn't know this about Bitcoin. I just heard it in the TV news myself.... Quoting: Anonymous Coward 79899173 Bitcoin is "mined" (sells better with this terminology I guess) online by software, which uses computer resources and of course electrical power. But apparently it uses a LOT of power, even more than than the total yearly power needed by nations such as Belgium, The Netherlands or even Argentina... More than 121 TWh (TeraWatt/h).... ONE single Bitcoin transaction uses the same power as (I think it was) 120,000 Visa card transactions...... You just learned about the hidden side of Bitcoin.... but over 2/3 of that is done in China using cheap coal electricity. so its not as expensive as people assume!!! That "cheap coal electricity" has no future. Don't we all know this by now? |
| Anonymous Coward User ID: 14481951 Australia02/16/2021 02:38 PM Report Abusive Post Report Copyright Violation | the whole thing is stupid. why put all that effort into finding these magic random numbers? who is actually using the numbers that they find? what are they using them for? if it was currency there would be no need for some crazy "mining" scheme. it would just be basic accounting to decide where the currency goes, and could be done very quickly with cheap computers. |
| Anonymous Coward User ID: 72517218 United Kingdom02/16/2021 02:40 PM Report Abusive Post Report Copyright Violation | with a £2500 gpu you could earn about £30 a day minus electric costs of 140wh mining daggerhashimoto. Quoting: Anonymous Coward 72517218 thats not bitcoin. But it's cryptocurrency. Does it matter which one we are talking about? They are all based on the same technology. they are intrinsically tied together and inseparable. bitcoin is the index. some others such as USDT ect are also index coins. |
