That is because you’re trying desperately to NOT see BTC and other coins as a currency. stop trying to compare BTC with other things, compare it to other currencies.
The value of a FINITE currency can be determined by supply and demand if there is lots of it for sale and everyone is selling their holdings then we find the price is low. when everyone wants BTC we will find the price is higher.
You ignore a lot and you’re trying to ignore that it is a FINITE currency, it is not one where you can just make a few phone calls and sign a few papers and get 10 trillion more printed up, it is a logical system no one can interrupt that controls the production of BTC. You’re upset because the business figures and government you admire does not control BTC. So your narrative is, “It’s a scam”.
$5,179.00 on Jan 26, 2018. How much did it make per year? I assume less every year?
That aside, it’s an enormous waste generation, worse than the video cards that could be used in second hand sales. The only use was for people who don’t have to pay electricity. I asked who that is and apparently some people interested in making lots of plants tap electricity from the public utilities (streetlights) to have ‘free electricity’. It’s like evading taxes, evading costly resources… damn, it might be better than waste but it’s still illegal and stealing from the community to give to themselves. The typical ‘inverted robin hoods’ we know from wall street. Either way, a bad situation.
I can agree the hardware manufacturers for ASIC’s in the crypto industry have been quite reckless in their approach. I do think the design of the asic is basic, If there was a way to have the array of asic chips swappable in a cartridge for example then this might eliminate the need to dispose of the whole machine, One would just have to get a new set of Asic cartridges which would slot into the machine. maybe they could remove and update other parts of the machine too. This might be too labour intensive for the company that owns 1000s of Asics.
There would have to be a way to recycle old asic cartridges as well, I’m unsure if there is a way to use or repurpose the asic chips from obsolete miners. or perhaps just recycling the chip somehow, Bitmain could also reduce the price of the new ASIC if an obsolete miner is sent back to them.
I strongly believe more could be done to protect the environment from the effects of crypto mining.
That’s nonsense.
An ASIC is made for the sole application it’s designed to implement.
An asic is like a screwdriver, with a very specific head that only can screw in a very specific way. A GPGPU is on the complete opposite, a full toolbox. So if you know you need only and exactly to screw this specific way, then the ASIC is good. In ANY other case it can’t do a thing, or when it can, its so inefficient your CPU would do it better without clock gating.
An ASIC is not basic. On the opposite, it’s optimized to do its dedicated task. It’s optimized on the physical level, you have no idea how complex it actually is.
What you’re talking about is pluggable extensions, like the GPGPUs. The thing is, the GPGPU are too inefficient now. If you mine with a GPU, you are losing money - because the ASIC are so much more efficient they made non-ASIC mining cost above marginal cost of BTC.
So you can have a dedicated extension plugged eg on PCI but then your PCI chipset will add cost to the usage.
Here is a video of Linus taking apart an ASIC miner. at 5:21 he is holding the circuit board which has 60 ASIC chips on it. My point is if that circuit board could be made into a type of hotswap cartridge, Linus is obviously able to take it out one of the 3 boards and put it back in,
So now you understand what I mean please explain why it is nonsense.?
Even in the picture of the vid above you can see there are 3 x 6pin Pci ports, there is also another port that looks like a massive HDMI port. It’s obvious that board slots in somewhere.
So further to my suggestion, can they make the board that Linus is holding the standard size for an asic chip array? Then can they encase it and create a case where a series of these can be slotted into?
So when a year or so passes or when Bitmain make a new asic they could just ship the new Asic cartridges to the customer and then offer the customer a small amount of money for sending back their obsolete cartridges.
Did you hear what Linus said about the Antminer D3? he said their is a custom firmware for it which reduces the wattage from 1200 to 900 with the same performance, So it does seem that the manufacturers of ASICs might not know all they could know about power consumption if a random crypto enthusiast can come along and design a more efficient firmware.
Once more, you have no idea what you are talking about.
That’s exactly what I said before : you can downgrade, sometimes it works, sometimes it’s worse.
Also he’s telling you exactly what I said in the vid : the ASIC has no value outside of mining the specific cryptocurrency it’s be designed for, while GPU can be used otherwise.
So he agrees that your whole “GPUs ARE ASICs” was an epic failure .
He explains with my words that you have no idea what you are talking about.
Because the point of my suggestion was to reduce the effect mining has on the environment. If linus was to remove all of the 3 boards from that asic then you’d just have the fans, psu, and linux controller left. Why not just replace/recycle just the asic boards?
The board looks custom. I have no clue about the bandwidth required but I would guess the chip at the end of the board will need replacement too to account for the change in number of ASICs. Unless they would ‘softmodem’ everything but in that case, they could just make the mine-blades modular and sell 1,2,3,4 board ones. Then they could even rent out access to ASICS like IBM did with mainframes. But since their client base are “mowstley” (pronounced like Newt says it in Aliens from the phrase "They mostly come (out) at night, mostly) not law abiding citizens it would be extremely difficult to enforce any payment or control after delivery of the hardware. Even though they have hidden remote support modules in there, ready to be part of the botnet. But I guess that’s my paranoia speaking, I guess everyone in the bitcoin mining wants peace on earth and good will towards (all hu)men like at the end of sneakers when everyone can propose their ‘payment’.
I literally answered that and you completely missed what I wrote. This is exactly what you dodged : they have no reason to do so. Whether or not YOU think it’s better, does not mean it’s better for THEM.
This is my problem with you, you’re so quick to say something is nonsense without even knowing what’s being spoken about, once you knew you seem to think it’s possible. You’re so hell bent on your narrative that you’ll disagree with logic and fact.
You’re silly, the only reason I am making this point is to cut down on pollution. I don’t care what’s better for them or myself, I am talking about what is best for the environment.
Yes I get that the ASIC array can’t be repurposed, the circuit boards have some nasty chemicals in it that can cause lung damage if it is burnt. There is a practice in some countries to burn electronics to release some of the material to resell, It isn’t safe and many people have developed lung cancers because they were doing this.
So while you say it’s not beneficial for them, this will help the environment. Once the customer sends back the Asic blades Bitmain should credit them with £100 to £500 depending on the model. They should recycle whatever they can and then dispose of the rest properly so people wont poison themselves when they try and burn it.
You have dodged the most important issues in this thread, you literally avoid answering at all costs because your narrative is most important to you, I’ve spoken with many people like you and it’s always the same.
What is your view that due to BTC being a FINITE currency it can help some developing nations protect themselves against inflation and losing everything when their currency fails? Just give me your honest view on that point without the ■■■■■■■■.
These people work just as hard as you and I, and it’s such a shame that conditions beyond their control have such a bad effect on them. If you are a person who doesn’t care about these things that is fine, just understand it is difficult for me to take you seriously if you lack all forms of empathy.
Analysing you further it would seems that you wouldn’t want wealth in the world shared, BTC is a mechanism that will share the wealth, when I check it this doesn’t fit in with your narratives so of course you will hate BTC and try your best to get everyone over to your viewpoint.
I’ve been listening to people like you all my life and it’s gotten me nowhere, There’s people like you at work, within the government, within business, could you just shut up and get out of the way so that more empathic people can fill your jobs and do better.
The world needs fun, enthusiastic and intelligent people like Nayib Bukele who have no problem telling it as they see it and doing something to change it. I will pray for him that he is safe, and able to build his volcano powered BTC City and earn more BTC to make his country rich.
That is, you are dodging the point. Again.
That you care or not is irrelevant. Just because you close your eyes won’t make the problem magically disappear. The point is REAL. You are trying to avoid REALITY here.
More arguments from ignorance.
Dude, your opinion is ■■■■. You are dodging REAL issues and dodging the REALITY of what you are talking about.
Lol, you think I’ve forgotten the crap you’ve posted on this site over the years. What you said about black people a few years back shows me who you are, I thought you had grown and changed but I guess it’s the same ole, back on ignore for you.
