Miners run their own power plant

[Vayra86]

I have. And I'm hardly a Proof Of Work optimist but I do not share your negative view of cryptos potential at all.

No, you really haven't. Don't fool yourself. But we can agree to disagree.

Let's just say you've had a crypto epiphany before. I hope you'll soon have another one.

 

[cst1992]

surely its about them making money from mining, the other shit is just so they can justify the mining, which is making pots of money.

The problem is that the mining makes more money from a given amount of electricity than selling the same amount to consumers(if not, then using it for this purpose doesn't make much sense). If so, what happens when more and more of the capacity is being used for mining? Like I said, the tumor spreads.

You are a miner, and would love to do whatever to benefit, we get it....

I don't think that is relevant here.

 

[Tomgang]

Crypto sucks, I have never hidden my feelings about crypto. I hate it down to the bone.

Now my statements are how I feel and I have not read the article.

1. It's one of reasons why we gamer can't have a nice gpu. Miners are gulping up way to many. But miners and farms are not the sole reason either.

2. All this gpu crunching also cause a huge power consumption and the pollution that comes with it. In these times with climate changes and energy shortages. Crypto mining is the last thing we need to make it even worse. Just because some greedy fools thinking of them self to make some easy cash. But while they make money, others are suffering from it. People suffers higher power bill, black outs in some countries and it will probably be worse later this winter l. Mother nature get more pollution to deal with and as a gamer. It's litterly frustrating to watch miners having hundreds of cards while I can barely afford and get just a single proper gpu. Furthermore, electricity to power mining farms is not a necessity. However it is a necessity with electricity for the world to work. For some it's even a matter of life and death.

Yes I hate mining, crypto and all that comes with it.

 

[R-T-B]

No, you really haven't. Don't fool yourself. But we can agree to disagree.

Indeed. If you don't see that as evidence I truly cannot help you.

 

[Solid State Soul ( SSS )]

Not really. I barely mine at all anymore. I do it on a screensaver similar to BOINC. I am a computer user first and foremostm

Then leave this thread, you making arguments for this absurdly wasteful of resource for mere benefits ought to make people even more angrier, i sure am

 

[Deleted member 24505]

more and more of the capacity is being used for mining?

Which it will, greed grows greed.

 

[Vayra86]

Indeed. If you don't see that as evidence I truly cannot help you.

The economical idea of 'more better' is over, that's what I see. More is oblivion going forward, because internet spreads more faster than the plague.

Restraint is the new keyword and less the new direction. Sooner or later and I reckon in our lifetime. For many things its soon a new economical reality too. GPUs ...

You can thank crypto for accelerating the process.

 

[erocker]

Indeed. If you don't see that as evidence I truly cannot help you.

I don't really think anyone wants your help here. We get your stance.

 

[R-T-B]

The problem is that the mining makes more money from a given amount of electricity than selling the same amount to consumers(if not, then using it for this purpose doesn't make much sense). If so, what happens when more and more of the capacity is being used for mining? Like I said, the tumor spreads.

I see. I can agree proof of work does have a constant growth "sink or swim" property that emulates cancer to an extent. But so does any business. What matters is what the tumor or businesd builds. Is it something we can use or garbage? That's what seperates cancer from noncancerous growth, and we can certainly use these green energy projects long after Proof Of Work dies, as it eventually must.

Then leave this thread, you making arguments for this absurdly wasteful of resource for mere benefits ought to make people even more angrier, i sure am

Nope.

 

[cst1992]

long after Proof Of Work dies

Sorry, not good enough. How long are you willing to wait? 50 years? I'm not.
We don't have a lot of time. Climate change is real, and it's exponential. It's happening TODAY, and it's only going to get worse.
For me, every kilowatt hour of electricity that goes into this is a total waste. If you have excess electricity, sell it to the grid. I'm sure if microgrids can do it, so can plants like this.

 

[R-T-B]

The economical idea of 'more better' is over, that's what I see. More is oblivion going forward, because internet spreads more faster than the plague.

Restraint is the new keyword and less the new direction. Sooner or later and I reckon in our lifetime. For many things its soon a new economical reality too. GPUs ...

You can thank crypto for accelerating the process.

So I can thank bitcoin for ending consumerism?

Damn.

I don't really think anyone wants your help here. We get your stance.

I still state it because facts matter and a lot of them get lost in hate fests like this. I am no fan of the current situation either. But I like a balanced view. I really think you all have me pegged as something that I don't even represent.

How long are you willing to wait? 50 years?

More like 2. Ethereum is supposed to exit this year. I'd not give them more than double that.

Bitcoin is a different animal. I don't know when it will exit and honestly would not care if it just up and died, other than the finance carnage it would cause.

 

[cst1992]

I really think you all have me pegged as something that I don't even represent.

I agree with this. That is unwarranted. Let's not attack a person; rather attack the issue.

More like 2. Ethereum is supposed to exit this year. I'd not give them more than double that

A single cryptocurrency is not the problem. The problem is that more and more of them are popping up and even governments are getting up to minting their own digital currencies. Why? It's just a misappropriation of resources.

 

[Vayra86]

Then leave this thread, you making arguments for this absurdly wasteful of resource for mere benefits ought to make people even more angrier, i sure am

All voices are relevant. Don't blame the person, blame the system and move your anger there.

Its the difficult but right thing to do. And it also requires some reflection on ourselves, most of the time.

I see. I can agree proof of work does have a constant growth "sink or swim" property that emulates cancer to an extent. But so does any business. What matters is what the tumor or businesd builds. Is it something we can use or garbage? That's what seperates cancer from noncancerous growth, and we can certainly use these green energy projects long after Proof Of Work dies, as it eventually must.

This is also true and the point I make above.

 

[cst1992]

Bitcoin is a different animal. I don't know when it will exit and honestly would not care if it just up and died, other than the finance carnage it would cause.

Bitcoin being a currency makes no sense to me, apart from obviously pioneering the concept "mint your own money". It should never have become a currency, and now it's too successful to die.

It's like meth. It should never have been invented or manufactured, but now that it has, it'll be very difficult to wipe out.

 

[R-T-B]

A single cryptocurrency is not the problem. The problem is that more and more of them are popping up and even governments are getting up to minting their own digital currencies. Why? It's just a misappropriation of resources.

Almost all altcoins are based on ethereum.

 

[xtreemchaos]

im just going to say it makes me feel sad.

 

[ShiBDiB]

Then leave this thread, you making arguments for this absurdly wasteful of resource for mere benefits ought to make people even more angrier, i sure am

You're in the part of the of the forum dedicated to discussing mining and crypto.. maybe you should leave

 

[hat]

Then leave this thread, you making arguments for this absurdly wasteful of resource for mere benefits ought to make people even more angrier, i sure am

Well, that's a little on the crazy side. You don't like what he has to say so you just want him to leave?

I think the level of hostility in this thread is getting a little too high, and anybody with eyes can tell which side it's coming from. It's sad, really.

 

[95Viper]

Stay on topic.
Discuss the topic, not other members.
And, be nice in your postings... you may debate opinions; but do not carry it to violations of the guidelines/rules.
If you have a problem report it, as, have some members... don't be telling someone to leave the thread; because you did not like what was posted.
You have an ignore feature, use it.
Now, be civil and carry on.

 

[glsn]

I wonder why nuclear is not that used...

it provides tons of energy, and overall is safer that fossil fuels...

 

[R-T-B]

I wonder why nuclear is not that used...

it provides tons of energy, and overall is safer that fossil fuels...

I believe there is some nuclear plants being eyeballed re dealmaking, but no new constructions solely for crypto. Mostly due to the absurd expense and permitting to build one vs other technology.

 

[glsn]

I believe there is some nuclear plants being eyeballed, but no new constructions solely for crypto. Mostly due to the absurd expense and permitting to build one vs other technology.

I mean why overall are they less used, including cryptos and not

anyway @cst1992 the grid pays you like shit, it's more worth to use it to mine; besides such energy will going to waste anyway
it's all talk, nobody will do a shit imo

 

[Deleted member 24505]

Nuclear is the ultimate clean power source, pretty safe too as long as it's not mismanaged.

 

[trog100]

forgetting crypto mining.. imagine a world where energy is in short supply and goes to the highest bidder... he who can pay the most gets it..

the push for green seems to be creating such a world.. here in the UK we are being told to expect large energy price increases coming soon..

europe buys gas from russia.. asia is prepared to pay more for its energy from russia than europe.. asia gets the russian gas europe dosnt..

crypto mining is bugger all in the grand scheme of energy usage.. it gets hate on here because of gpu shortages no other reason..

the key word here seems to be "shortage"..

trog

ps.. as for energy wastage.. i cant think of a better example than high power 4K gaming.. he he

 

[mclaren85]

This is insane. Someone has to stop these bullshit.
Us govt should storm this place like China did.