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Crypto miners. Does this vid make your heart bleed?

 
Anonymer Feigling

User ID: 80626468
Germany
07/18/2021 02:34 PM

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Crypto miners. Does this vid make your heart bleed?


$1.26 million worth of crypto mining equipment being destroyed with a steamroller by the police after they were caught stealing power from the Malaysian power grid.
Anonymous Coward
User ID: 77414813
United States
07/18/2021 02:38 PM
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Re: Crypto miners. Does this vid make your heart bleed?
No, because the Bitcoin Protocol accounts for loss of hash rate by lowering the "difficulty adjustment", thus making mining easier, and encouraging more miners into the space.

It's a virtuous feedback loop, that protects the integrity of the BTC network.

It was VERY well thought out.

drevil
Anonymous Coward
User ID: 79419717
Curacao
07/18/2021 02:40 PM
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Re: Crypto miners. Does this vid make your heart bleed?
Nothing ceases to amaze me anymore.

Society has gone full retard and it aint slowing down any time soon.
Crypto-Tard

User ID: 78144147
United States
07/18/2021 02:44 PM

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Re: Crypto miners. Does this vid make your heart bleed?
crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.
Everyone has a plan until they get hit in the face.

--Mike Tyson

I am a "conspiracy theorist.” I believe men and women of wealth and power conspire. If you don't think so, then you are what is called "an idiot.” If you believe stuff but fear the label, you are what is called "a coward.”

--David B Collum

"The point of modern propaganda isn't only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth."

--Garry Kasparov
Anonymous Coward
User ID: 80626057
Italy
07/18/2021 02:45 PM
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Re: Crypto miners. Does this vid make your heart bleed?
All obsolete equipment... LOL
Anonymous Coward
User ID: 80608675
Canada
07/18/2021 02:48 PM
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Re: Crypto miners. Does this vid make your heart bleed?


$1.26 million worth of crypto mining equipment being destroyed with a steamroller by the police after they were caught stealing power from the Malaysian power grid.
 Quoting: Anonymer Feigling


Those are useless BTC mining gear.

Real miners use modern GPUs and mine Eth and other more profitable coins.
Anonymous Coward
User ID: 80608675
Canada
07/18/2021 02:49 PM
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Re: Crypto miners. Does this vid make your heart bleed?
crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.
 Quoting: Crypto-Tard


LOL.

Tell that to the miners using solar power rigs and modern GPUs. Zero cost electricity.

Moron.
Anonymous Coward
User ID: 80626057
Italy
07/18/2021 02:50 PM
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Re: Crypto miners. Does this vid make your heart bleed?
crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.
 Quoting: Crypto-Tard


Fail
Anonymous Coward
User ID: 75953087
United States
07/18/2021 02:51 PM
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Re: Crypto miners. Does this vid make your heart bleed?
All obsolete equipment... LOL
 Quoting: Anonymous Coward 80626057


Proof of Work is obsolete. Look at all the E-waste it creates. It also is a huge waste of energy.

They were using PoW to solve the double spend problem verifying transactions with all this computing power. But you dont have to do that anymore now that Consensus Ledgers are invented.
Anonymous Coward
User ID: 75953087
United States
07/18/2021 02:52 PM
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Re: Crypto miners. Does this vid make your heart bleed?
crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.
 Quoting: Crypto-Tard


LOL.

Tell that to the miners using solar power rigs and modern GPUs. Zero cost electricity.

Moron.
 Quoting: Anonymous Coward 80608675


You cant call people morons when you have not done the Math. Bitcoin cannot scale past 10% of the population without using more energy than we currently produce on the planet. It has an exponential energy scaling problem.
Anonymous Coward
User ID: 79419717
Curacao
07/18/2021 02:53 PM
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Re: Crypto miners. Does this vid make your heart bleed?
crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.
 Quoting: Crypto-Tard


LOL.

Tell that to the miners using solar power rigs and modern GPUs. Zero cost electricity.

Moron.
 Quoting: Anonymous Coward 80608675


Link?

Not everyone has enough solar panels to cover a football stadium.
Anonymous Coward
User ID: 77414813
United States
07/18/2021 02:53 PM
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Re: Crypto miners. Does this vid make your heart bleed?
crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.
 Quoting: Crypto-Tard


It uses a small fraction of the power used by banksterism, and most of what it does use these days comes from renewable sources.

drevil
Anonymous Coward
User ID: 75953087
United States
07/18/2021 02:55 PM
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Re: Crypto miners. Does this vid make your heart bleed?
All that E-waste burned energy and resources to create.
Anonymous Coward
User ID: 77414813
United States
07/18/2021 02:55 PM
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Re: Crypto miners. Does this vid make your heart bleed?
All obsolete equipment... LOL
 Quoting: Anonymous Coward 80626057


Proof of Work is obsolete. Look at all the E-waste it creates. It also is a huge waste of energy.

They were using PoW to solve the double spend problem verifying transactions with all this computing power. But you dont have to do that anymore now that Consensus Ledgers are invented.
 Quoting: Anonymous Coward 75953087


On the contrary, Proof Of Work is the only system that guarantees decentralization (Proof Of Stake is centralized, to a greater or lesser extent) and is one of the very best uses of electricity that we have, today.

drevil
Anonymous Coward
User ID: 80608675
Canada
07/18/2021 02:56 PM
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Re: Crypto miners. Does this vid make your heart bleed?
All obsolete equipment... LOL
 Quoting: Anonymous Coward 80626057


Proof of Work is obsolete. Look at all the E-waste it creates. It also is a huge waste of energy.

They were using PoW to solve the double spend problem verifying transactions with all this computing power. But you dont have to do that anymore now that Consensus Ledgers are invented.
 Quoting: Anonymous Coward 75953087


As long as there is equipment to be used (GPUs and CPUs) mining will always be present. There are close to 20 million miners all around the world.

A coin shifting from PoW to PoS is meaningless because the miners will simply shift their rigs and operation to the next coin that offers PoW and that coin will explode in price because demand just increased.
Anonymous Coward
User ID: 75953087
United States
07/18/2021 02:57 PM
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Re: Crypto miners. Does this vid make your heart bleed?
Its not decentralized when majority of the hashrash is consolidated into the hands of a few faceless miner groups.

What you really mean to say is that its not controlled by the banks.
Grove Street

User ID: 21983498
United States
07/18/2021 02:58 PM
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Re: Crypto miners. Does this vid make your heart bleed?
lol proof of work coins are a bit silly at this point

you can prove you can mine stuff for no reason at all


how about utility?

it was a good run and bitcoin will always be around, much like collecting rare artifacts and art..

not dissing

but a bunch of mining doesn't really help or hurt anything..

it's just kind of silly..
Grove

And this is why we can't have nice things.
REaliZe

User ID: 68033157
United States
07/18/2021 02:59 PM

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Re: Crypto miners. Does this vid make your heart bleed?
Those S5’s and S7’s were 100% worthless already. Even the S9’s can’t break even right now.

Keeping them in existence is just an invitation for someone to steal more electricity.
There's. A. H0le. In. The. Sky.
Anonymous Coward
User ID: 75953087
United States
07/18/2021 02:59 PM
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Re: Crypto miners. Does this vid make your heart bleed?
All obsolete equipment... LOL
 Quoting: Anonymous Coward 80626057


Proof of Work is obsolete. Look at all the E-waste it creates. It also is a huge waste of energy.

They were using PoW to solve the double spend problem verifying transactions with all this computing power. But you dont have to do that anymore now that Consensus Ledgers are invented.
 Quoting: Anonymous Coward 75953087


As long as there is equipment to be used (GPUs and CPUs) mining will always be present. There are close to 20 million miners all around the world.

A coin shifting from PoW to PoS is meaningless because the miners will simply shift their rigs and operation to the next coin that offers PoW and that coin will explode in price because demand just increased.
 Quoting: Anonymous Coward 80608675


PoW and PoS are both ways to solve the double spend problem and most people are so ignorant about crypto they dont know there is another way to solve the problem. With Consensus Ledgers. Its much faster, with less fees, uses minimal energy and is scalable.
Anonymous Coward
User ID: 80556879
07/18/2021 03:00 PM
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Re: Crypto miners. Does this vid make your heart bleed?
crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.
 Quoting: Crypto-Tard


LOL.

Tell that to the miners using solar power rigs and modern GPUs. Zero cost electricity.

Moron.
 Quoting: Anonymous Coward 80608675


You cant call people morons when you have not done the Math. Bitcoin cannot scale past 10% of the population without using more energy than we currently produce on the planet. It has an exponential energy scaling problem.
 Quoting: Anonymous Coward 75953087


Dummy doesn't understand those facts.
More and more electrical generators are mining instead of supplying the electrical grid with power.

They make more money and a fake coin of spent energy to care about the village.

They have the power to mine for bit coin, not provide you or your community with power.

Ah solar, keeping those slaves in China working for you , I see.
Anonymous Coward
User ID: 80608675
Canada
07/18/2021 03:01 PM
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Re: Crypto miners. Does this vid make your heart bleed?
crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.
 Quoting: Crypto-Tard


LOL.

Tell that to the miners using solar power rigs and modern GPUs. Zero cost electricity.

Moron.
 Quoting: Anonymous Coward 80608675


Link?

Not everyone has enough solar panels to cover a football stadium.
 Quoting: Anonymous Coward 79419717


Are you fucking retarded?

A PSU is a 1000W, that can run 3-5 modern GPUs (which will give you a hashrate of 300 - 800MH/s.

You can buy a 1200W at home portable solar generator/battery with 4 foldible and portable panels no bigger than 2ft each.
Anonymous Coward
User ID: 80556879
07/18/2021 03:01 PM
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Re: Crypto miners. Does this vid make your heart bleed?
They need to make these coins illegal before the grid collapses with their greed for fake things.
Anonymous Coward
User ID: 80556879
07/18/2021 03:03 PM
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Re: Crypto miners. Does this vid make your heart bleed?
crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.
 Quoting: Crypto-Tard


LOL.

Tell that to the miners using solar power rigs and modern GPUs. Zero cost electricity.

Moron.
 Quoting: Anonymous Coward 80608675


Link?

Not everyone has enough solar panels to cover a football stadium.
 Quoting: Anonymous Coward 79419717


Are you fucking retarded?

A PSU is a 1000W, that can run 3-5 modern GPUs (which will give you a hashrate of 300 - 800MH/s.

You can buy a 1200W at home portable solar generator/battery with 4 foldible and portable panels no bigger than 2ft each.
 Quoting: Anonymous Coward 80608675


Are you dumb or ill informed?
New York's hydro plant is now only producing power for their fleet of computers.

Not giving the grid electricity to save grandma from the heat.
Anonymous Coward
User ID: 80608675
Canada
07/18/2021 03:03 PM
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Re: Crypto miners. Does this vid make your heart bleed?
crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.
 Quoting: Crypto-Tard


LOL.

Tell that to the miners using solar power rigs and modern GPUs. Zero cost electricity.

Moron.
 Quoting: Anonymous Coward 80608675


You cant call people morons when you have not done the Math. Bitcoin cannot scale past 10% of the population without using more energy than we currently produce on the planet. It has an exponential energy scaling problem.
 Quoting: Anonymous Coward 75953087


You're a moron who thinks people are mining Bitcoin .... they arent.


Mining bitcoin isnt profitable. People mine Ethereum and other coins because they are more profitable.

The only ones mining bitcoin is China.
Anonymous Coward
User ID: 80556879
07/18/2021 03:05 PM
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Re: Crypto miners. Does this vid make your heart bleed?
crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.
 Quoting: Crypto-Tard


LOL.

Tell that to the miners using solar power rigs and modern GPUs. Zero cost electricity.

Moron.
 Quoting: Anonymous Coward 80608675


You cant call people morons when you have not done the Math. Bitcoin cannot scale past 10% of the population without using more energy than we currently produce on the planet. It has an exponential energy scaling problem.
 Quoting: Anonymous Coward 75953087


You're a moron who thinks people are mining Bitcoin .... they arent.


Mining bitcoin isnt profitable. People mine Ethereum and other coins because they are more profitable.

The only ones mining bitcoin is China.
 Quoting: Anonymous Coward 80608675


Mining is now illegal there due to the stress on their grid.
I think we would be smart to follow suit.
Anonymous Coward
User ID: 75953087
United States
07/18/2021 03:06 PM
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Re: Crypto miners. Does this vid make your heart bleed?
ETH still uses alot of Energy, its slower and the fees are ridiculous.

ETH 2.0 will not make it any cheaper, its going to stop paying fees to miners but the fees will be burn up so you still have to pay the high fees.
Anonymous Coward
User ID: 80608675
Canada
07/18/2021 03:06 PM
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Re: Crypto miners. Does this vid make your heart bleed?
...


LOL.

Tell that to the miners using solar power rigs and modern GPUs. Zero cost electricity.

Moron.
 Quoting: Anonymous Coward 80608675


Link?

Not everyone has enough solar panels to cover a football stadium.
 Quoting: Anonymous Coward 79419717


Are you fucking retarded?

A PSU is a 1000W, that can run 3-5 modern GPUs (which will give you a hashrate of 300 - 800MH/s.

You can buy a 1200W at home portable solar generator/battery with 4 foldible and portable panels no bigger than 2ft each.
 Quoting: Anonymous Coward 80608675


Are you dumb or ill informed?
New York's hydro plant is now only producing power for their fleet of computers.

Not giving the grid electricity to save grandma from the heat.
 Quoting: Anonymous Coward 80556879


You are dumb, because I'm a miner.

You have no idea what the fuck you are talking about.


Go to forums and subredds about mining. You'll see for yourself what miners are using.
Anonymous Coward
User ID: 80608675
Canada
07/18/2021 03:08 PM
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Re: Crypto miners. Does this vid make your heart bleed?
...


LOL.

Tell that to the miners using solar power rigs and modern GPUs. Zero cost electricity.

Moron.
 Quoting: Anonymous Coward 80608675


You cant call people morons when you have not done the Math. Bitcoin cannot scale past 10% of the population without using more energy than we currently produce on the planet. It has an exponential energy scaling problem.
 Quoting: Anonymous Coward 75953087


You're a moron who thinks people are mining Bitcoin .... they arent.


Mining bitcoin isnt profitable. People mine Ethereum and other coins because they are more profitable.

The only ones mining bitcoin is China.
 Quoting: Anonymous Coward 80608675


Mining is now illegal there due to the stress on their grid.
I think we would be smart to follow suit.
 Quoting: Anonymous Coward 80556879


cruise

You believe China when they say they banned mining

cruisecruise

You dumb son.


Did you believe them too when they said the wuhan flu came from bats too?


China is still mining BTC. They are in control of the BTC pools. They will never stop it because they have 51% control over the network.
Anonymous Coward
User ID: 75953087
United States
07/18/2021 03:09 PM
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Re: Crypto miners. Does this vid make your heart bleed?
The profitability for your GPU mining is over when ETH goes 2.0 proof of stake.

When everyone switches over to some random coin which is less profitable its going to spike the mining difficulty through the roof. It will cost you more to power them than you make.
DodgerFan

User ID: 80461115
Canada
07/18/2021 03:10 PM
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Re: Crypto miners. Does this vid make your heart bleed?
As a video gamer who can't find a new video card anywhere, that makes my heart bleed.
Anonymous Coward
User ID: 80556879
07/18/2021 03:10 PM
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Re: Crypto miners. Does this vid make your heart bleed?
...


Link?

Not everyone has enough solar panels to cover a football stadium.
 Quoting: Anonymous Coward 79419717


Are you fucking retarded?

A PSU is a 1000W, that can run 3-5 modern GPUs (which will give you a hashrate of 300 - 800MH/s.

You can buy a 1200W at home portable solar generator/battery with 4 foldible and portable panels no bigger than 2ft each.
 Quoting: Anonymous Coward 80608675


Are you dumb or ill informed?
New York's hydro plant is now only producing power for their fleet of computers.

Not giving the grid electricity to save grandma from the heat.
 Quoting: Anonymous Coward 80556879


You are dumb, because I'm a miner.

You have no idea what the fuck you are talking about.


Go to forums and subredds about mining. You'll see for yourself what miners are using.
 Quoting: Anonymous Coward 80608675


I suggest you go ogle and see all the power generators entering the mining game.

This is what happened in China a year ago.
And now mining is illegal.

Quit being an arrogant ignorant idiot.
Your greed is going to collapse our society.





GLP