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CoolCab posted:it wasn't an accident, which is really the wildest part. someone went "you know what i want to do, is make GPUs impossible to buy." and they did it! Chia is increasing the prices on hard drives so if you're looking into one because you're running out of space or just want more space I suggest you buy sooner rather than later.
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Jul 1, 2021 20:50
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Collateral Damage posted:Basically the Bitcoin "mining payload" is pretty small, so you just need to crunch the hashing algorithm as fast as possible - a mathematically simple operation which is exactly what ASICs excel at. Yeah the Etherium hashing is largely memory-bandwidth-limited. Which is why you probably don't want to get a used mining card. The actual GPU will be fine but the RAM will have been run very very hard. That's especially true because the 30-series cards aren't exactly the best about properly cooling the RAM even at stock clocks, particularly the 3080 and 3090 cards which have GDDR6x.
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Jul 1, 2021 20:54
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in particular the PCB of the 3090 is unusual in that it has vram on the back (because it has so much of it). a bunch of the designs, particularly the partner's designs, didn't cool that back VRAM properly.
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Jul 1, 2021 20:57
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I'm developing a bit of a pet theory that the hardware ASIC-bitcoin-miner space is pretty cyberpunk. especially if things have moved away from companies selling ASICs (which as of a few years ago already seemed to be a bit of a joke since they'd be outdated quickly, and the company making them would just mine with them too). if it's a bunch of folks with some unusual supply chain, not making products for consumers or for traditional businesses, and a lot of it is "well I know a guy who does ASICs, a guy with a bunch of warehouse space and cheap power, and a guy who can get me some factory time for a run"... I mean that sounds pretty cyberpunky. if it's not like that, then oh well
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Jul 1, 2021 21:08
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ColTim posted:if it's a bunch of folks with some unusual supply chain, not making products for consumers or for traditional businesses, and a lot of it is "well I know a guy who does ASICs, a guy with a bunch of warehouse space and cheap power, and a guy who can get me some factory time for a run"... I mean that sounds pretty cyberpunky. This is basically how all small electronics projects are done in China already. It's also how they're done in the US, in that the US company sends a guy to China to find all the other people needed.
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Jul 1, 2021 21:28
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Damnit gently caress this greenwashed bullshit but with bitcoin! And guess what the end of a human civilization is just a profit opportunity! 
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Jul 1, 2021 21:31
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CoolCab posted:it wasn't an accident, which is really the wildest part. someone went "you know what i want to do, is make GPUs impossible to buy." and they did it! It's all a plot by nVidia, and we fell for it hook, line, and sinker.
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Jul 1, 2021 22:25
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tango alpha delta posted:i ,too, am deeply resentful when other people achieve even a modicum of success. I imagine being this humorless, you're not laughing much.
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Jul 1, 2021 23:50
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Robinhood's S-1 filing dropped if you want some deets on the state of crypto and consumer investment.
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Jul 2, 2021 00:29
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Fame Douglas posted:I imagine being this humorless, you're not laughing much. https://soundcloud.com/user-710437758/stop-stealing-my-posts
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Jul 2, 2021 00:48
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Just... wow https://youtu.be/Kv6ne6VQCZI Apparently there's CS:GO clans running massive day-one crypto pump & dumps (or 'rug pulls') pretty much constantly now? How is this not illegal? How many more bagholders can there be?
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Jul 2, 2021 01:10
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You're trying to own the wrong dude. He's not the one complaining about stolen posts
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Jul 2, 2021 01:23
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Sinecure posted:How is this not illegal? How many more bagholders can there be? https://cointelegraph.com/news/stablecoin-insurance-firm-bridge-mutual-to-protect-against-possible-tether-depegging While the value of stablecoins like Tether (USDT) and USD Coin (USDC) is designed to be pegged to another asset, such as the U.S. dollar, the crypto industry has fretted for years about the possibility of a major depegging — especially amid U.S. regulatory concerns about Tether, which has a current market capitalization of over $63 billion. Now one company intends to provide discretionary coverage for investors against that scenario — and Tether itself is backing the play. Bridge Mutual aims to mitigate the risk of loss of funds resulting from hacked or exploited smart contracts, exchange hacks or theft, price crashes in stablecoins, and other digital asset vulnerabilities. Stablecoin insurance is uncomplicated in principle. If a stablecoin drops beneath its peg for a set period of time, the policyholder can make a claim. Oracles check the current price of the stablecoin and then pay the investor back the overall difference between the current price and the peg — but in a different stablecoin.
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Jul 2, 2021 01:39
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Soo... if Tether crashes, and thus drags all the stablecoins down with it, I get nothing?
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Jul 2, 2021 01:47
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The Lone Badger posted:Soo... if Tether crashes, and thus drags all the stablecoins down with it, I get nothing? Inshallah
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Jul 2, 2021 01:54
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spunkshui posted:https://cointelegraph.com/news/stablecoin-insurance-firm-bridge-mutual-to-protect-against-possible-tether-depegging
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Jul 2, 2021 02:34
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Nessus posted:Naturally, the insurers will issue their own stablecoins, I assume? Well what better to insure tether with than tether? I'm sure this orouboros can keep going forever if we just keep running away from it faster.
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Jul 2, 2021 03:32
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Are we going to get USDTT? The Tethered Tether that is pegged 1:1 to regular USDT?
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Jul 2, 2021 04:19
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notwithoutmyanus posted:Well what better to insure tether with than tether? a cool way to trick someone into holding the bag for you is to put your bag inside of another bag and then the person cant see the original stinky bag in the real world this is sometimes called "toxic assets" and it caused a heck of a kerfuffle in 2008!
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Jul 2, 2021 04:33
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Ad by Khad posted:a cool way to trick someone into holding the bag for you is to put your bag inside of another bag and then the person cant see the original stinky bag
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Jul 2, 2021 04:41
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Orvin posted:Are we going to get USDTT? The Tethered Tether that is pegged 1:1 to regular USDT?
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Jul 2, 2021 04:44
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Ad by Khad posted:a cool way to trick someone into holding the bag for you is to put your bag inside of another bag and then the person cant see the original stinky bag Bitcoin: pay no attention to my stinky bag
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Jul 2, 2021 04:47
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on the contrary, please pay me money for this perfectly normal bag, which i assure you does not have a stinky bag inside it no chargebacks
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Jul 2, 2021 04:55
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The funniest thing is that the cost of this insurance is... 34%/yr
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Jul 2, 2021 06:28
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Bitcoin is now banking but without the bank, without the security, and all the fees
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Jul 2, 2021 06:35
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Sinecure posted:Just... wow I don't watch videos but this was a fun article about the same thing https://sea.mashable.com/tech/16356/inside-the-shady-world-of-influencers-promoting-cryptocurrency quote:"I did get sponsored by a loving crypto today," Ross says during this stream. "They're paying me a lot of loving money to do this poo poo. It's, like, three shout outs in one hour so I'm going to loving do it." quote:However, the most revealing part of the particular instance is what Ross would go on to say about MILF Token on his stream just three weeks later. time to incarcerate a ross again
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Jul 2, 2021 07:52
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Sinecure posted:Just... wow I actually watched that all the way through - it's nicely done. The level of stupidity and grift going on rivals the Republican party and the post-election scamming Trump was doing. Also, at this point I just hear "influencer" as a pejorative.
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Jul 2, 2021 08:14
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That was a fascinating video and I wonder if things like this are just going to speed along the regulation of crypto and the exchanges, much like Binance here in the UK.
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Jul 2, 2021 08:25
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Oh wow, my (test) transaction of 3$ I started last week finally went through! I set the fees higher and higher and last night with 60 "satoshi per byte" it worked which came out to a ~2$ fee. Glad to see it's still the fastest and freest way to transfer money. Sure, I got another transaction still in limbo where I can't seem to raise the fees, but I'm sure I can google that within an hour. The remaining 12$ accumulated from several addresses will probably remain there, as my max fee I can set to transfer everything is 19 satoshi per byte which comes out to 10.60$. So If my math isn't totally wrong, to transfer those 12$ I'd have to pay ~35$ in fees. I think I have to create a new wallet now that doesn't know about the addresses with the small amounts so I can (try to) transfer the ~150$ without paying >35$ in fees.
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Jul 2, 2021 09:30
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You'll be able to appreciate the irony here more than most then.
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Jul 2, 2021 10:06
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Vesi posted:I don't watch videos but this was a fun article about the same thing God these guys have no shame You guys actually bought that poo poo I told you to buy? LUUUULZ
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Jul 2, 2021 11:05
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buttcoin
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Jul 2, 2021 12:26
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RabbitWizard posted:I think I have to create a new wallet now that doesn't know about the addresses with the small amounts so I can (try to) transfer the ~150$ without paying >35$ in fees. Are you using Electrum? You don’t need to create a new wallet then, you can specify which addresses to spend from and ignore the small amounts
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Jul 2, 2021 12:33
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just lol if you don't act on financial advice from CS:GO players
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Jul 2, 2021 12:58
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The CSGO thing is just another example of the crypto economy speedrunning financial regulations of the last 100 years. The best part is that the 18 year old kids participating in the pump have no idea that they are actually breaking the law and may lose their main careers as well as the proceeds of the crime.
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Jul 2, 2021 13:10
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CS:GO streamers were all in on pumping gambling sites for a while until Valve locked down skin transfers, even using special private versions of the sites on stream where they almost always "won" big. So this isn't the first time they've been active participants in scamming their viewers.
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Jul 2, 2021 13:25
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Sashimi posted:just lol if you don't act on financial advice from CS:GO players
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Jul 2, 2021 13:58
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Orvin posted:Are we going to get USDTT? The Tethered Tether that is pegged 1:1 to regular USDT? usdTTy USDT Satoshi’s Vision Cash
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Jul 2, 2021 14:11
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drk posted:The funniest thing is that the cost of this insurance is... 34%/yr Oh my god they hired an actual expert to do their risk assessment.
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Jul 2, 2021 14:26
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The real money is laundering money to russians with pubg aimbots 
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Jul 2, 2021 14:45
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