What can you actually buy with cryptocurrencies besides drugs and other black market items
USD
What can you actually buy with cryptocurrencies besides drugs and other black market items
Feels like I need to watch the movie Pi again to make sense of it.
Both amd and nvidia am cry when the litecoin bubble bursts and the market gets absolutely flooded with tens and tens of thousands of cheap second hand midrange gpus all at once
http://www.power4pc.be/webshop/graf...n_4gb_grafische_kaart_gv-r929d5-4gd-b-ga.html
my local pc store
I'm glad Belgium seems to be free of litecoin farming virmin
It's because all of your entrepreneur gene pools left for the New World by now.
On a serious note, I really do wonder why that is the case.
Lot's of people mined with GPUs. People even mined with CPUs before that! My 3570k does less than 30kH while my 7870 does 300 and better ones easily do 400.Nobody ever mined Bitcoin with GPUs, they have dedicated chips for that which Litecoin and (I assume) Dogecoin will be getting soon enough.
Also Bitcoin as been having trouble since it's inception, every set-back it recovered from makes me think it's here to stay.
Any clue when this GPU mining ends? Q2,Q3,Q4 or even 2015?
What can you actually buy with cryptocurrencies besides drugs and other black market items
Will be a glorious day!
Everyone will be able to grab themselves a midrange PC for a low end price.
I'm wringing my hands and having a nice evil, diabolical laugh right now.
The more I read about it, the more I'm struggling to see this bitcoin-mining thing as anything but some sort of mass insanity.
What can you actually buy with cryptocurrencies besides drugs and other black market items
What can you actually buy with cryptocurrencies besides drugs and other black market items
People are literally buying money-making machines. There's just no way this can last.The more I read about it, the more I'm struggling to see this bitcoin-mining thing as anything but some sort of mass insanity.
It wasnt insanity initially if you thought of it as a way to scam money out of internet libertarians.The more I read about it, the more I'm struggling to see this bitcoin-mining thing as anything but some sort of mass insanity.
i don't understand this topic. what is this about mining coins with graphics cards? how does this work?
so lost. wow.
People are literally buying money-making machines. There's just no way this can last.
i don't understand this topic. what is this about mining coins with graphics cards? how does this work?
so lost. wow.
While I think Bitcoin is nonesense, it is interesting the that the complex math problems are actually the encryption of the transactions.GPU + CPU crunches numbers to solve highly complex math problems.
Everyone agrees the answers to math problems are worth X amount of real money.
Every participant holds a public ledger of all the math problem answers that were traded on the market.
Seriously though, the bubble has to burst eventually. I think getting promoted by Newegg is a sign that that time will be sooner rather than later.
PCPer ran through some mining numbers for the new Maxwell (GTX 750Ti & GTX 750) GPUs and their performance is as good as the 770;
And the main criteria that makes the best candidate for mining;
http://www.pcper.com/news/General-T...-Performance-Increases-Maxwell-and-GTX-750-Ti
As a PC gamer, I just had big gulp I hope and pray that the mining market crashes and crashes badly or the miners move onto some other ASICs.
i don't understand this topic. what is this about mining coins with graphics cards? how does this work?
so lost. wow.
I don't get how you can create money out of thin air though, is it like seti at home, where you're helping the computational power of something larger?GPU + CPU crunches numbers to solve highly complex math problems.
Everyone agrees the answers to math problems are worth X amount of real money.
Every participant holds a public ledger of all the math problem answers that were traded on the market.
Idk if I'd even want a gpu tainted by a miner's greed
That's the thing about regular gpu buyers, they don't shit their gpus back out on the second hand market within 6 months, something people forget when they suggest amd and nvidia must be pleased with this coin craze (when in reality it's retailers and distributors making off like thieves, not amd or nvidia, just like with the hdd plant floodings)
What this world has turned into..Dogecoin
Increased demand for bit coin mining purposes causing the price to inflate.
Seeing comparison numbers from Folding @ Home to this recent coin mining boom has been pretty depressing.The more I read about it, the more I'm struggling to see this bitcoin-mining thing as anything but some sort of mass insanity.
I don't get how you can create money out of thin air though, is it like seti at home, where you're helping the computational power of something larger?