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Shame Boy posted:I really hate how it's always framed as "computing power" or "solving complicated puzzles" or whatever. It's guessing a loving number over and over again in a wasteful way. That is what it does. That is it. It doesn't have "computing power", it can't "compute" at all because it's not a computer, it can do one thing and that is guess a loving number really fast. It's not general purpose computing power, ASICs are only good at the thing they do, but it's computing power of a very specific kind.
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Jul 29, 2021 03:41
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Cryptocurrency are like some kind of a horrible brain virus I could see myself reading about in some lovely sci-fi novel. Imagine, using tons of rare metals and complicated manufacturing machinery just to burn electricity to create absolutely nothing of value, and year by year it's only growing bigger. Lmao
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Jul 29, 2021 03:53
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kaschei posted:It computes whether the "number it guessed" is the solution to the problem it's trying to solve. It's not literally generating random numbers and throwing them away immediately. The problem is "does [block chain state concatenated with this number] hash to [number with this many 0s at the end]." It's always the same problem and you're right that the solution used isn't complicated, just guess and check, but checking is computationally expensive. I'm well aware of how it works, what SHA-256 is, and how ASICs work. It's generating random numbers, applying energy waste to them, and then throwing them away immediately. And sure it has "computing power" if you take that phrase completely out of the modern context and go back to when it was used in the days of like, IBM punched card sorters counting as "computing power", but I still say it's not really applicable here these days since it almost always means "general / universal computing power" even to specialists, and the people reading CNBC articles are definitely not going to be able to intuitively put it in the proper context or anything. e: Actually thinking about it card sorters are more deserving of the term "computing power" than bitcoin. Bitcoin is a card sorter where the stack of cards is just churned around and around forever in the hope that one of them will accidentally fly out of the side of the machine with "you win a million e-dollars!" printed on it Shame Boy has issued a correction as of 04:09 on Jul 29, 2021 |
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Jul 29, 2021 04:03
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Applying energy waste it's doing a lot of heavy lifting there
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Jul 29, 2021 04:17
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HootTheOwl posted:Applying energy waste it's doing a lot of heavy lifting there What else is it doing? It's not like it's a useful SHA-256 computing machine, you can't give it arbitrary inputs and have it give you the SHA-256 hash of them or something like that, there's no useful work being done, the hash is purely there to waste energy by design. e: To be clear I'm referring to the bitcoin network as a whole here, you could maybe get certain ASIC's to do it if you really really wanted to but nobody's ever going to do that and it's kinda besides the point anyway. Shame Boy has issued a correction as of 04:25 on Jul 29, 2021 |
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Jul 29, 2021 04:21
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When I first heard of bitcoin I thought it was a way of compensating people for lending computing power to other people - like folding@home or seti@home but you get tokens in return that have value because they can be sold to people who want to use them to buy computing power. Or something. Obviously that is way off but it would make a lot more sense than the reality. Protein folding is an example of something that needs a lot of computing power but produces results that have value to biologists and medical researchers. Cryptocurrency's math just gives you a number that has no use or meaning beyond being proof that you managed to guess it correctly before anyone else. Being first to do something doesn't mean poo poo if the something is worthless
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Jul 29, 2021 06:39
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HootTheOwl posted:Applying energy waste it's doing a lot of heavy lifting there would that lifting be measured in pint-furlongs or perhaps acre-noon-bushels there, hoot?
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Jul 29, 2021 06:49
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BattleMaster posted:When I first heard of bitcoin I thought it was a way of compensating people for lending computing power to other people - like folding@home or seti@home but you get tokens in return that have value because they can be sold to people who want to use them to buy computing power. Or something. Someone tried to make a cryptocurrency based on BOINC score (the thing that underlies folding@home etc) a while ago and it was dead on arrival because being helpful is for suckers or something.
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Jul 29, 2021 08:10
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Weatherman posted:would that lifting be measured in pint-furlongs or perhaps acre-noon-bushels there, hoot? It's energy being pissed away as heat so obviously you'd measure it in BTU, or if we're talking about how much cooling it would need that would be TR. We measure cooling in Tons and heating in Britishes, it's very simple.
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Jul 29, 2021 08:14
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Weatherman posted:would that lifting be measured in pint-furlongs or perhaps acre-noon-bushels there, hoot? Pioneering imperial units for computer stuff. 15 bits to a quip, 7 quips to the wonk and so forth.
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Jul 29, 2021 08:24
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BonHair posted:Pioneering imperial units for computer stuff. 15 bits to a quip, 7 quips to the wonk and so forth. i'm here to bit quips and forth wonks and i'm all out of wonks
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Jul 29, 2021 08:31
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*Brace noise*
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Jul 29, 2021 10:45
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For everyone one Bitcoin story where someone makes millions there seem to be a hundred stories where someone leeches off their parents, their neighbour, or a local business in order to make a few dollars that may or may mot get stolen before they are cashed out for real money
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Jul 29, 2021 12:44
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Near as I can tell, the only stories of people making good money on cryptocurrency are people who got in very early and sold at a peak, people actively manipulating a market for one, or the creators of one selling off everything the second it gets popular.
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Jul 29, 2021 12:58
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capitalism and silicon valley VCs are the dumbest poo poo https://www.bitcoin-accepted.com/2021/07/15/oklo-to-power-bitcoin-mining-machines-corporate/ e: i should post a pic 
ArmedZombie has issued a correction as of 14:15 on Jul 29, 2021 |
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Jul 29, 2021 14:12
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I'm pretty sure nobody was thinking about the homeless when they came up with this bullshit and it's more about being able to flip a switch and limit you to only 1 refill or whatever
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Jul 29, 2021 14:14
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If a rocket filled with billionaires blows up, does that mean it finally trickles down?
Orange Devil has issued a correction as of 14:52 on Jul 29, 2021 |
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Jul 29, 2021 14:14
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Shame Boy posted:I'm pretty sure nobody was thinking about the homeless when they came up with this bullshit and it's more about being able to flip a switch and limit you to only 1 refill or whatever as if the mark up isn't already 300% or whatever
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Jul 29, 2021 14:16
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Weatherman posted:would that lifting be measured in pint-furlongs or perhaps acre-noon-bushels there, hoot? Whatever makes it easiest for you to understand. Personally I have trouble relating to the absolute weight of a volume of pure water equal to the cube of the hundredth part of a meter, and at the temperature of melting ice. Or was it at 4 degrees because that's the maximum density? No wait it's actually one thousandth of the the Planck constant h to be 6.62607015×10−34 when expressed in the unit J⋅s, which is equal to kg⋅m2⋅s−1, where the meter and the second are defined in terms of c and ΔνCs.
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Jul 29, 2021 14:19
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BonHair posted:Pioneering imperial units for computer stuff. 15 bits to a quip, 7 quips to the wonk and so forth. Bits, Nibles, and Bytes are all in the IBM360 manual.
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Jul 29, 2021 14:21
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HootTheOwl posted:Whatever makes it easiest for you to understand. Sounds like a personal problem 
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Jul 29, 2021 14:21
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ArmZ posted:as if the mark up isn't already 300% or whatever yeah but if we made it 500%? That's unrealized potential revenue thats going to get someone fired ArmZ. Geeze.
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Jul 29, 2021 14:36
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Don't do this derail again ffs
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Jul 29, 2021 14:48
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fishmech'd again
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Jul 29, 2021 15:12
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Shame Boy posted:I'm pretty sure nobody was thinking about the homeless when they came up with this bullshit and it's more about being able to flip a switch and limit you to only 1 refill or whatever Getting rid of refills is anti-homeless (cheap source of liquids, excuse to stay in) and putting it on the employees to tell people no is peak fast food anti-homeless methods All McDonald's managers are bastards
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Jul 29, 2021 15:27
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Shame Boy posted:Can't wait for complimentary phone chargers and power sockets at coffee shops and airports and other public places to no longer be a thing because these fucks need to steal every possible resource ever anywhere so they can make negative eight hundred seventy dollars or whatever. *Fire hazard and electrical overloading intensifies*
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Jul 29, 2021 15:38
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ArmZ posted:as if the mark up isn't already 300% or whatever 300% is an understatement. It costs literal cents per cup. More like a 10000+%.
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Jul 29, 2021 15:38
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Palladium posted:*Fire hazard and electrical overloading intensifies* I wonder how many bitcoin miners are connected straight to the power lines, outside the meter.
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Jul 29, 2021 15:50
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BonHair posted:I wonder how many bitcoin miners are connected straight to the power lines, outside the meter. If they'd thought of that we'd have heard about a lot more deaths
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Jul 29, 2021 15:58
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I mean Bitcoin attracts a nonzero amount of electrical engineers, but the bigger thing is that the people attracted to it are: a) libertarians, and thus masturbate to paying for basic services and b) cowards.
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Jul 29, 2021 16:04
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tokin opposition posted:Getting rid of refills is anti-homeless (cheap source of liquids, excuse to stay in) and putting it on the employees to tell people no is peak fast food anti-homeless methods I mean it's anti-homeless the same way nearly everything in our society is designed to be anti-homeless, I just get the feeling the goal was to be anti-customer (or just anti-everyone) and of course the homeless are hit hardest by it, as usual.
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Jul 29, 2021 17:48
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HootTheOwl posted:Whatever makes it easiest for you to understand. it's so loving beautiful lmao
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Jul 29, 2021 17:48
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I guess my point is I don't think they had the homeless in mind when making that because nobody ever actually thinks of the homeless ever unless forced to. It's still anti-homeless though, sure.
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Jul 29, 2021 17:49
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SpacePig posted:Near as I can tell, the only stories of people making good money on cryptocurrency are people who got in very early and sold at a peak, people actively manipulating a market for one, or the creators of one selling off everything the second it gets popular. Satoshi owns around 50% of all bitcoins that can ever exist (not that currently exist, can exist) but his wallet hasn't made any transaction in like a decade. So he's sitting on this huge fortune in bitcoin that he can never access, because as soon as he does the number of coins in circulation more than doubles and the price craters. I'm hoping that Satoshi is literally the Joker, and is just waiting for the right moment to bring this entire insane edifice crashing to the ground.
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Jul 29, 2021 18:01
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I like how the creator of Bitcoin isn't even known and everyone is just ok with that and willing to put up their entire life savings into this useless token system with a mystery creator.
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Jul 29, 2021 18:09
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ArmZ posted:as if the mark up isn't already 300% or whatever The first real job I had was at a snack bar with a soda fountain and I vividly remember my boss losing his poo poo because I threw out a few cups that got stepped on and had dirty shoe prints on them. He said cups cost them 10 cents each and looked at me like some teenager was going to sweat 40 cents in cups? The smallest size was sold to customers for $5, equal to a full hour's pay for me at the time.
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Jul 29, 2021 18:13
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Shame Boy posted:I'm pretty sure nobody was thinking about the homeless when they came up with this bullshit and it's more about being able to flip a switch and limit you to only 1 refill or whatever fountain soda is dirt cheap they probably spent more on the anti-theft tech then they were losing in extra refills
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Jul 29, 2021 18:29
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they’re not actually “losing” anything on extra refills, this is probably corporate mandate some senior VP came up with to justify their request for a seven and a half figgy bonus
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Jul 29, 2021 18:39
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The Nastier Nate posted:fountain soda is dirt cheap they probably spent more on the anti-theft tech then they were losing in extra refills Oh absolutely, though from what I understand the coke freestyle machines raise the cost of the syrup by like 800% because it comes in what are basically ink cartridges now, but that just means it costs the restaurant 0.08 cents per gallon instead of 0.01 cents
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Jul 29, 2021 18:53
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Strom Cuzewon posted:Satoshi owns around 50% of all bitcoins that can ever exist (not that currently exist, can exist) but his wallet hasn't made any transaction in like a decade. So he's sitting on this huge fortune in bitcoin that he can never access, because as soon as he does the number of coins in circulation more than doubles and the price craters. he prolly was finney and hes dead
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Jul 29, 2021 18:56
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