So if your a normal user and hate GPU mining,get over it.Try this

[koooowweeee]

Can I have one of your free GPUs please.

 

[FoxEye]

Well maybe if everyone had a carbon-footprint-quota things would be different.

People who own V8 gas guzzlers, or leave all the lights on in there homes all the time, or never turn their TVs off, will hit their quotas accordingly.

As I don't have or do the above, I could use my allocation towards gaming, or mining, or heating my house, etc.

Mining farms, as well as individuals who set up home-based farms are edge cases, and annoying because things are more expensive for us, and are wasting more in terms of their relative carbon-footprint-quota.

Someone using their already existing rig to farm when they don't need their GPU for other things? They pay their leccy bills and can use said leccy however they please, that is the way of the world.

Policing it to the point that no one eats meat, travels on long haul flights, or buys cheap clothes from abroad, etc, is the only way you could stop this sort of thing.

If we're serious as a country/species about reducing carbon emissions and all that jazz, then stuff like the above will be very much necessary.

I suspect we aren't really serious, however, as it won't be a vote winner to impose such restrictions. So we'll just carry on as normal. At some point the **** will hit the fan and the politicians will say, "But you kept voting against green measures, what could we do?!" And we'll just blame each other.

It'll be great.

 

[FoxEye]

Is the environmental impact an issue if you're with a supplier that guarantees 100% renewable energy supply?

Obviously, yes. Until 100% of all electricity is renewable/sustainable. In the entire country/EU/world.

Every watt you use is an extra watt that needs to be provided. And we're still using non-renewables to provide some of that capacity.

That's probably not the answer you were looking for, but it's the truth. There is a cost of using energy. You can't say, "Ah but mine is renewable!" because a lot of our capacity is not generated by renewables. And if you weren't using it, we'd need less non-renewable capacity. Sorry!

 

[FoxEye]

I rarely find myself in such violent agreement with your good self, but yes. Cryptocurrency is a ******** disaster. Competitive burning of energy, rife with fraud, a huge waste of time and resources.

There is also good reason to believe that the current rally is mostly down to the market manipulation of the tether organisation, one last hurrah before the New York attorney general really sinks their teeth in, from January the 15th. I'm not saying it will definitely crash, it's an irrational, entirely psychology based, speculative market. But if you *are* making gains out of this, remember to take some profit out of the system, because it could go **** up at any moment.

(a timely reminder from the FCA has been published today - https://www.theguardian.com/busines...a-warns-consumers-risk-productis-cryptoassets )

That's an excellent term for what's going on. "Competitive burning of energy." As well as other resources needed to manufacture GPUs, including the raw materials and energy cost of production.

@Th0nt more whataboutery I see. I'm not saying we shouldn't use any energy, duh. I'm saying something like crypto is literally peeing away resources for no good reason. Except that it makes money - somehow.

I'd be equally opposed to a scheme that paid people* to leave all their lights and heating and appliances on with all the doors and windows open at all times of the day. *Enough to be a real incentive.

 

[Darujhistan]

You can tell how serious we are about carbon emissions etc when 90% of the media's focus is lecturing the individual on what he/she should be doing while leaving the massive polluters alone, the same can be said for government's. As is de rigeur these days any responsibilities to be accounted for in "society" (Thatcher did get that right) fall to the individual not the Govt, the wealthy or big business. As such, although I believe the science and put the re-cycling bin out, that's as far as I'm going to alter my behaviour until the powers that be are serious and are willing to tackle the rich, the powerful and the big polluters.

If the media/govt think i'm going to be made to feel guilty for turning the heating on, running a PC, a car or taking the occasional flight etc then they are sadly deluded.

 

[montymint]

Is that all?
So much effort and expense just for an extra tenner? I could make three times that (and in GBP) in just an hour from servicing one of my neighbours' cars!
Is it mining 24/7, or do you get to actually use the computer for stuff?

The idea is that you invest in the cards and run them 24/7

 

[builder22]

I could make three times that (and in GBP) in just an hour from servicing one of my neighbours'

The lengths some people are going to, to get the latest cards!!

 

[Spook187]

Money does some strange things to humans, most end up hanging from a tree in the end for getting to greedy

 

[Semple]

Can I mine you for salt?

I've been mining for about 5 days when not gaming, have about £25 in BTC plus my room is a little warmer. I don't think I'm going to be a millionaire, I don't care about decentralised currency. I just want a little bit of extra money to make this year a little bit less garbage.

Blimey, you're only 10 days into the year, how bad has it been for you already?

I don't mind being the butt of the jokes. But joking aside, there is a serious problem with crypto. It is already - and going to become even more so - an environmental disaster. The system wants to absorb as many GPUs and as much energy as it can. There is no limit. No concept of efficiency. More is better. Always more and more.

The best thing for the planet is if crypto and crypto mining dies a death.

Whilst i'm far from an expert, i thought the whole premise of mining any cryptocurrency was that hashes become harder and longer to mine, so unless the value increases, or newer/efficient hardware is available to increase the speed of mining, there will eventually be a point where the majority of amatuer miners won't be able to keep up - isn't that why most people don't bother mining bitcoin these days?

 

[gpuerrilla]

@Th0nt more whataboutery I see. I'd be equally opposed to a scheme that paid people* to leave all their lights and heating and appliances on with all the doors and windows open at all times of the day. *Enough to be a real incentive.

That's an excellent example of you attacking a group or behaviour yet fail to complain about the other things highlighted. Perfectly summarises the whataboutery you mention when you didnt read about energy wastage of AI - which is apt as the DLSS that nvidia employ for their solution to graphical issues is to burn/comsume/waste energy to make your pixels appear faster?

 

[Jimmy Weirdarms]

Whilst i'm far from an expert, i thought the whole premise of mining any cryptocurrency was that hashes become harder and longer to mine, so unless the value increases, or newer/efficient hardware is available to increase the speed of mining, there will eventually be a point where the majority of amatuer miners won't be able to keep up - isn't that why most people don't bother mining bitcoin these days?

Yes, mining bitcoin itself is now really only possible if you have specialised hardware. There are other coins that can still be mined with GPUs though, and when there's a prices spike like there is at present, GPU mining by amateurs becomes viable again, temporarily, until enough get in on the act that it gets harder again and the rewards equal out to the costs.

Right now this is likely making the already terrible new GFX card situation worse.

 

[FoxEye]

That's an excellent example of you attacking a group or behaviour yet fail to complain about the other things highlighted. Perfectly summarises the whataboutery you mention when you didnt read about energy wastage of AI - which is apt as the DLSS that nvidia employ for their solution to graphical issues is to burn/comsume/waste energy to make your pixels appear faster?

This thread isn't about "other things" that might be inefficient/wasteful.

This thread is about crypto.

Do you assert that crypto is beyond reproach so long as "other things" are also wasting energy?

Ie I would literally have to list all the other things in the world that are wasteful in every response about crypto?

That's what "whataboutery" is, btw. The insistence that you talk about other things completely outside the scope of the discussion, in order to deflect from the criticism of the thing being discussed.

 

[gerardfraser]

Much more fun to flash the monies. Lol.

Hey that is me.Crypto

Do not forget AMD is also good
Me AMD by gerard fraser, on Flickr

 

[FoxEye]

/yawn

Anyway NiceHash will tell you AMD are pretty bad for mining, compared to a 3060Ti or better.

Unless $4 a day sounds like a good return on a £800 investment.

 

[gerardfraser]

/yawn

Anyway NiceHash will tell you AMD are pretty bad for mining, compared to a 3060Ti or better.

Unless $4 a day sounds like a good return on a £800 investment.

LOL I been getting free GPU's for years,you just do not get it ,it is fine.

Can I have one of your free GPUs please.

No

 

[Bug One]

LOL I been getting free GPU's for years,you just do not get it ,it is fine.
No

It's not free though, is it. You're just choosing to spend the small amount of money that you're actually making on another GPU. Most of us couldn't be arsed with the hassle for a couple of quid a day.

And as you've shown in your video, it's a complete waste of money spending on a high end GPU because you can play these games via a streaming service anyway.

 

[ttaskmaster]

The lengths some people are going to, to get the latest cards!!

Surely if you're making your meagre profit in Bitcoin, you'd spend that on pirated software, cocaine, Russian child brides, and a hitman to bump off the current wife once she gets too old?

The idea is that you invest in the cards and run them 24/7

And as a result, pay most of it to cover 'leccy, leaving a few quid a month to eventually pay off your graphics card?
I'd rather earn the cash in a week and then use the card for gaming, TBH. Some cards are listed as taking over a year to pay off - By the time the current card had been paid off the new ones would probably have been out!

 

[FoxEye]

Surely if you're making your meagre profit in Bitcoin, you'd spend that on pirated software, cocaine, Russian child brides, and a hitman to bump off the current wife once she gets too old?


And as a result, pay most of it to cover 'leccy, leaving a few quid a month to eventually pay off your graphics card?
I'd rather earn the cash in a week and then use the card for gaming, TBH. Some cards are listed as taking over a year to pay off - By the time the current card had been paid off the new ones would probably have been out!

And that's assuming there isn't a crash tomorrow which makes the whole thing completely unprofitable. Or 1/2 as profitable, so you now need 2 years to pay off that GPU.

It's all nonsense, as most get-rich-quick ponzi schemes tend to be.

As well as being an environmental backwards step.

 

[FoxEye]

Blimey, you're only 10 days into the year, how bad has it been for you already?

Whilst i'm far from an expert, i thought the whole premise of mining any cryptocurrency was that hashes become harder and longer to mine, so unless the value increases, or newer/efficient hardware is available to increase the speed of mining, there will eventually be a point where the majority of amatuer miners won't be able to keep up - isn't that why most people don't bother mining bitcoin these days?

Sorry I missed this earlier.

The difficulty is deliberately - and artificially - increased the more mining power comes online.

It's not that the equations naturally get more difficult. There is a max amount of coins that they want to issue, and they ratchet up the difficulty (completely artificially) to regulate the rate at which new coins are produced ("mined").

If the amount of mining power was to double over night, they would double the difficulty in response.

As I said, there is no concept of efficiency in PoW systems like Bitcoin. And there are people out there who will tell you this is good. And that PoW is better than any other system like PoS. Because the more energy it takes to produce a single coin, the more "secure" the system is. So they don't see a problem with using as much energy as possible to make a single coin. And to these people there is no reason to limit the energy used by Bitcoin.

It's pure madness.

 

[montymint]

And as a result, pay most of it to cover 'leccy, leaving a few quid a month to eventually pay off your graphics card?
I'd rather earn the cash in a week and then use the card for gaming, TBH. Some cards are listed as taking over a year to pay off - By the time the current card had been paid off the new ones would probably have been out!

It's why I don't mine myself anymore - I never really saw the point when I like to game in my free time and I never wanted to / had the affordability back then to dump X thousands into a multi GPU rig, only to hope the coins didn't crash.