6 ms·

Ocean's Eleven bitcoin edition...

by mrdrozdov 5y ago

fleddr 5y ago
You can't mine Bitcoin on these cards.
- DangitBobby 5y ago
  Why?
  - fleddr 5y ago
    Because Bitcoin is mined on ASICs. It's not a graphics card, instead a single chip optimized for one function only: mining (by generating hashes). GPU based mining is mostly done to mine Ether. Ether will switch to Proof of Stake somewhere in the next 1-2 years, after which the competition between gamers and miners for GPUs will end.
    - marktangotango 5y ago
      That's the optimistic outcome, the pessimistic outcome is the miners will fork "eth-classic" and keep going. It's up to the reader to decide which is most likely, or both.
      - StillBored 5y ago
        Or they will move to some other coin that is rising in popularity and doesn't have GPU resistance built in. The latter is something that feels like a negative these days if you want a lot of buzz about some new crypto tokens...
      - fleddr 5y ago
        My understanding is that miners are on board with the new Proof of Stake system of ETH 2. Holders even more, as it will reward ETH to ETH holders.
  - Zpalmtree 5y ago
    You could mine bitcoin on them, but it would be so inefficient compared to ASICs which can hash many magnitudes faster, you would have an astronomically small chance of mining a block.
- mrdrozdov 5y ago
  Challenge accepted --- BTC mined on a gameboy: https://www.laptopmag.com/news/you-can-mine-bitcoin-on-a-nintendo-game-boy-heres-how-it-work https://www.laptopmag.com/news/you-can-mine-bitcoin-on-a-nin... Also, you're assuming whoever stole these cards are rational beings and not characters out of Ocean's Eleven.
  - chaos_a 5y ago
    or how about mining on a xerox alto? http://www.righto.com/2017/07/bitcoin-mining-on-vintage-xerox-alto.html http://www.righto.com/2017/07/bitcoin-mining-on-vintage-xero... They are cheating by putting it near to a known hash to verify that it works, you can't earn anything off it.

6 ms·

Ocean's Eleven bitcoin edition...

by mrdrozdov 5y ago

Ocean's Eleven bitcoin edition...

fleddr 5y ago
You can't mine Bitcoin on these cards.
- DangitBobby 5y ago
  Why?
  - fleddr 5y ago
    Because Bitcoin is mined on ASICs. It's not a graphics card, instead a single chip optimized for one function only: mining (by generating hashes). GPU based mining is mostly done to mine Ether. Ether will switch to Proof of Stake somewhere in the next 1-2 years, after which the competition between gamers and miners for GPUs will end.
    - marktangotango 5y ago
      That's the optimistic outcome, the pessimistic outcome is the miners will fork "eth-classic" and keep going. It's up to the reader to decide which is most likely, or both.
      - StillBored 5y ago
        Or they will move to some other coin that is rising in popularity and doesn't have GPU resistance built in. The latter is something that feels like a negative these days if you want a lot of buzz about some new crypto tokens...
      - fleddr 5y ago
        My understanding is that miners are on board with the new Proof of Stake system of ETH 2. Holders even more, as it will reward ETH to ETH holders.
  - Zpalmtree 5y ago
    You could mine bitcoin on them, but it would be so inefficient compared to ASICs which can hash many magnitudes faster, you would have an astronomically small chance of mining a block.
- mrdrozdov 5y ago
  Challenge accepted --- BTC mined on a gameboy: https://www.laptopmag.com/news/you-can-mine-bitcoin-on-a-nintendo-game-boy-heres-how-it-work https://www.laptopmag.com/news/you-can-mine-bitcoin-on-a-nin... Also, you're assuming whoever stole these cards are rational beings and not characters out of Ocean's Eleven.
  - chaos_a 5y ago
    or how about mining on a xerox alto? http://www.righto.com/2017/07/bitcoin-mining-on-vintage-xerox-alto.html http://www.righto.com/2017/07/bitcoin-mining-on-vintage-xero... They are cheating by putting it near to a known hash to verify that it works, you can't earn anything off it.