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Sentient Data posted:Since the hash is pseudorandom, there's no simple algorithm to figure out what the nonce should be, so they bash their collective heads against the wall trying (millions? Billions?) At a hash rate of 50,000,000 tera-hashes per second, and 15 minutes per block, we're looking at 45 sextillion hashes per block.
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Dec 2, 2018 01:36
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That's the most sex a bitcoiner is ever gonna get
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Dec 2, 2018 01:38
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drat, I thought I might be a couple orders of magnitude short, but they're playing a guessing game on a scale that human brains literally cannot comprehend
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Dec 2, 2018 01:39
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bird with big dick posted:Isn’t there a way to take my vanguard 401k and make it a self directed 401k and then I can put it into BTC? Thinking of putting 60-75% of my 401k into BTC to ride it back up to 20k and then I’ll cash out and put it back into Vanguard. So you've got a couple options. You can quit your job and get on personal 401k terms which let's you withdraw to somewhere to get into the coins. This will be fine because of the lambo money. You can also short your 401k by taking a loan out against it. The interest on it will be ok because of the lambo money, and by the time to repay there will be coin funds in the 401k so you cash out your fake short back into the fund in time to put it right back into coins while the stock market is dead. Actually on second thought probably shouldn't do any of this.
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Dec 2, 2018 01:39
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Moddington posted:At a hash rate of 50,000,000 tera-hashes per second, and 15 minutes per block, we're looking at 45 sextillion hashes per block. 45 sextillion of hash and the price STILL don't get high
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Dec 2, 2018 01:40
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Ripoff posted:Lmao people are paying big bucks for the equivalent of a used car run at redline for several months. Nah, GPUs degrade differently than a car. From what I understand a used GPU used for mining is better than one used for gaming because staying at a constant load instead of tons of up and downs is less bad due to the expansion/contraction of the GPU components as it heats up then cools down.
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Dec 2, 2018 01:52
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That's only one aspect. Running at high temperature for long periods of time accelerates silicon wearout hugely (it's how manufacturers test longevity in a short timeframe)
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Dec 2, 2018 02:09
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Sentient Data posted:drat, I thought I might be a couple orders of magnitude short, but they're playing a guessing game on a scale that human brains literally cannot comprehend Yes, and somehow this method is supposed to be more efficient than a centralized transaction processor. The creator if bitcoin never got to the point of scaling problem and arms race scenario before internet libertatian snatched it and declared it the new holy bible.
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Dec 2, 2018 02:11
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D-Pad posted:Nah, GPUs degrade differently than a car. From what I understand a used GPU used for mining is better than one used for gaming because staying at a constant load instead of tons of up and downs is less bad due to the expansion/contraction of the GPU components as it heats up then cools down. lol did the person telling you this also have any bridges to sell
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Dec 2, 2018 02:18
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Spatial posted:That's only one aspect. Running at high temperature for long periods of time accelerates silicon wearout hugely (it's how manufacturers test longevity in a short timeframe) Sure, but the economics are in favour of undervolting when GPU mining, so are they running all that hot?
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Dec 2, 2018 02:25
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ilmucche posted:They made drat good money on that.
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Dec 2, 2018 02:35
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QuarkJets posted:lol did the person telling you this also have any bridges to sell 
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Dec 2, 2018 02:51
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Dec 2, 2018 02:53
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GPUs ...are a lot like incandescent light bulbs 
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Dec 2, 2018 02:54
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What are people using GPUs to mine for still? Are they still useful for Ethereum or is it all just random shitcoins?
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Dec 2, 2018 02:58
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klafbang posted:Don't invest 60-75%. Only 50% should go into bitcoin. The rest you want to put into riskier (and higher-yielding) shitcoins. They put an awful lot of faith in capitalisation, don't they?
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Dec 2, 2018 03:06
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I preferred the bitcoin investment advice chart that added up to over 100, but that one isn’t bad either
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Dec 2, 2018 03:15
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bird with big dick posted:Isn’t there a way to take my vanguard 401k and make it a self directed 401k and then I can put it into BTC? Thinking of putting 60-75% of my 401k into BTC to ride it back up to 20k and then I’ll cash out and put it back into Vanguard. “Ride it back up to 20k”  hope you’re a very young goon!
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Dec 2, 2018 03:41
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I would blow Dane Cook posted:What are people using GPUs to mine for still? Are they still useful for Ethereum or is it all just random shitcoins? The later. It was all the also me coins where there was no chance of special hardware being made. They even had a program that would ""mine"" the coin selling for the most VS it's difficulty out of the idk 100 available.
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Dec 2, 2018 04:05
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I would blow Dane Cook posted:What are people using GPUs to mine for still? Are they still useful for Ethereum or is it all just random shitcoins? shitcoins, ethereum became dominated by asics like a year ago
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Dec 2, 2018 04:44
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Eth is also down like 90% from January. lol
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Dec 2, 2018 04:51
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Yeah, but what about eth core gold plus?
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Dec 2, 2018 04:53
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D-Pad posted:Nah, GPUs degrade differently than a car. From what I understand a used GPU used for mining is better than one used for gaming because staying at a constant load instead of tons of up and downs is less bad due to the expansion/contraction of the GPU components as it heats up then cools down. Riiiight. Just like a used car with lots of "highway miles" is somehow different than a used car with "city miles". Got it.
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Dec 2, 2018 08:41
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tango alpha delta posted:Riiiight. Just like a used car with lots of "highway miles" is somehow different than a used car with "city miles". Got it. Well, it is. The is a difference between being stuck in one gear for thousands of miles and constantly changing every day.
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Dec 2, 2018 10:33
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Tsietisin posted:The is a difference between being stuck in one gear for thousands of miles and constantly changing every day. FOR SALE - VIDEO CARD - ONLY EVER USED BY LITTLE OLD LADY TO PLAY MINESWEEPER ON SUNDAYS - TOTALLY NOT USED FOR CRYPTO MINING SWER ON ME MUM - PLEASE IGNORE CHARRED BITS AND BURNING SMELL - NO RETURNS
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Dec 2, 2018 11:55
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 Remember the good ol' days of bitcoin mining, before the gigantic Chinese warehouses full of ASICs 
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Dec 2, 2018 12:15
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Toys For rear end Bum posted:
Not nearly enough hot glue, LED fans pointed at mining USB dongles.
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Dec 2, 2018 14:07
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It's called CryptoCobain because you will want to murder yourself with a shotgun after a while
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Dec 2, 2018 16:42
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https://twitter.com/APompliano/status/1068518602607800320 Fuckin lol
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Dec 2, 2018 17:01
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twitter's fundamentals are strengthening, just look at the number of new users during 2016!
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Dec 2, 2018 17:08
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Another newbie tip: new wallets are typically created for each transaction (old wallet is emptied, coins go to target, specified change goes to a new wallet, the leftover goes to the miner as fees), they aren't a representation of be users. If you wanted to see new users making new transactions (while retaining old users making transactions), the curve should be exponential not linear
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Dec 2, 2018 17:28
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I remember when bitcoin was supposed to be an alternative currency so you could own the fed instead it became a broken get rich quick scheme that is dependent on actual money for its value
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Dec 2, 2018 17:35
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Is this a raw count of the number of wallets, a number that cannot possibly decrease? If so it might make the perfect currency.
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Dec 2, 2018 17:37
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I'm the healthy, logarithmic blockchain.
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Dec 2, 2018 18:08
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Don't be fooled by the decrease in sales, the fundamentals of disco are still strong. Never before have there been this many people who have heard disco as there are today.
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Dec 2, 2018 18:20
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“Price is only one measurement of value for an asset. While it is important, it is not an important measurement of future value. The underlying fundamentals for the Bitcoin blockchain appear to be growing stronger despite the decline in the current price. Don’t be distracted by the noise. Focus on the fundamentals. Bitcoin isn’t going anywhere.” His last sentence is a hilarious own goal.
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Dec 2, 2018 18:23
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zedprime posted:Depending on your employer terms you may not be able to withdraw anything except in demonstrated periods of hardship. i disagree he should do the second option. Just take out a small loan in your 401k and once you’ve sold your coins for a profit, you can put it back in and be ahead just before the stocks rise again It’s win win, you’ll be making money off of bitcoin and then depositing it to make even more money off the stock market and who knows maybe you’ll learn more about this new currency and have some fun in the process
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Dec 2, 2018 18:24
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Isn't it a pretty bad sign that the Chinese miners are just straight dumping their hardware instead of just shutting it off for a while to weather what they're claiming is a slump? Like what do they know?
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Dec 2, 2018 18:33
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Back to WoW gold farming I guess!
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Dec 2, 2018 18:35
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Where do you guys keep the funny pictures of the Japanese man who claimed to be Darth Satoshi the Wise?
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Dec 2, 2018 19:14
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