Bitcoin discussion and news
- Thread starter camouflage
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Judas got a bad press. His whole purpose of existence was to perform that betrayal. In doing so, he effectively created Christianity. Given couldn't live with his role and thus killed himself, one might describe him as the ultimate martyr.
DotCommunist
So many particulars. So many questions.
looked it up. Dante is very inventive isn't he. Maybe they should update it, RanBay spends eternity never getting the USB stick the right way round for the slot
NoXion
Craicy the Squirrel
How fucking big is your house, guy? I thought the days when ordinary folk could mine coins were long gone.
phillm
Trolling through Life (TM)
Ranbay
The same rules apply
Just running two PC's 400W each, there's enough heat off them to not need the heating on down stairs.
pinkychukkles
Feed Your Head
How does the cost of running 2 x 400W PCs 24/7 for a month compare to what you get in BTC if you don't mind me asking?
Ranbay
The same rules apply
My gas and leccy bill all in is about £80 the miners make me as above £150 ish a month depending on the price of the coin.
cost me about £700 for the cards, i had the PC's already and the main one i use for normal things at the same time as it only uses the GFX cards, so i can browse and fuck about on the PC. the other PC is just sat there doing it's thing and heating the house.
So over all it's making me money each month, and been doing it 9 months now, so cards are almost paid for i would say, so into pure profit soon. And if i hold the coin which i should do, that would be a better investment. (but i will spend it on drugs like a always do lol)
newbie
undisambiguated
if my sums are right I reckon you cover about 2 transactions per month, using about 10x the electricity our house does.
We've had the heating on for the last two or three days, not all summer, but it's hard to know how many kWh of gas that's used.
Where does this attitude end? Just how big a social cost are you willing to rack up in pursuit of just how little money?As long as it's cost nuetral or makes me money i'm happy.
.
Ranbay
The same rules apply
I don't know, i don't care either.
Libertarianism in a nutshell. That's exactly why society has to set rules that prevent the likes of you from destroying important things for a modicum of personal gain.
Idaho
blah blah blah
The energy is down to the extreme level of processing redundancy in the proof of work algorithm. You could process bitcoin transactions with 2% of the mining power (maybe less). The redundancy processing power makes it extremely difficult and expensive to subvert, while still allowing it to be open and permissionless.
Reading some of the news about renewable mining, it looks like a solar bitcoin mine is currently very profitable. Especially in california where there is a negative cost of solar electric during peak times as there is excess capacity that needs using.
Idaho
blah blah blah
I don't think this is specific to libertarians. It's a pretty widely distributed way of thinking for humanity. The tragedy of the commons. Political beliefs seem to revolve around how to manage or mitigate this tragedy.
Ranbay
The same rules apply
Cool, will google the word later and find out what it means, not nutshell i know what that means.
Liberals will still destroy the world for personal gain, but at least they have the good grace not to feel happy about it.
Conservatives will crush the world whilst feeling no emotion at all.
mauvais
on reddit or something
We don't seem to have had any discussion of this fuckup: Someone ‘Accidentally’ Locked Away $300M Worth of Other People's Ethereum Funds
Idaho
blah blah blah
Yeah that was a mega lol. Ethereum is so much more complex and powerful a platform than bitcoin... But in its infancy that has proven to be a disaster/disadvantage a number of times.
camouflage
gaslit at scale.
I'm reminded of some kid brought up catholic that runs off to become a drug-taking lesbian into punk-rock at the first opportunity after escaping convent school.
camouflage
gaslit at scale.
There was a story about a Russian power-company recently looking at setting up a bitcoin mine to soak up excess power from their nuclear or coal-powered generation. The principal being that it takes weeks to spin up a nuclear or coal plant, but a bitcoin mine can be flicked on or off like that to suck up excess output.
the potential for bitcoin to be a driver toward green-energy and greater energy-efficiency in the search to undercut competitors is there. As is the potential to be ruled by a giant robot that runs on capitalism and cares nothing for your petty human concerns, perhaps seeing planets themselves as mere input factors for further growth, assuming it makes it off this one.
Idaho
blah blah blah
I think ideologues are as bad at technology as technologists are at ideology.
camouflage
gaslit at scale.
It would really amuse me if bitcoin became the means by which 'neo-socialist' states in the future chose to pay the citizens wage. Bitcoin, the Comrades Crypto.
Here's a use case for the blockchain technology outside of currency:
Blockchain helps French insurers dealing with customers making for the exit
Not sure if you have to log in to read it, so here is the text:
Blockchain helps French insurers dealing with customers making for the exit
Not sure if you have to log in to read it, so here is the text:
camouflage
gaslit at scale.
Definitly, and while listening to the devils beats.
Idaho
blah blah blah
There is a lot of interest and activity in blockchain in both the insurance and shipping industries.
There is also a vast amount of nonsense too. Using permissioned blockchains when they should just use databases.
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