No one ever developed a radical consciousness or deeper respect for humanity by mining bitcoin.
Where is the best place I can pick up a cheap one? I'm looking on Amazon and I can't find a decent one for under $500
I've been eying that exact gpu along with the other XFX one, which I never knew existed but they're the cheapest. :reddit-logo: has claimed that you supposedly can get ridiculous deals with refurbished cards for minimal risk but I dont know where to search for those. I've also been looking at cpus but some of those are fluctuating for some reason. :stalin-stressed: Also cant decide whether to wait until after thanksgiving either.
There are listings for those same cards on ebay for ~$20 cheaper. :thinky-felix:
These cards are listed as "brand new." There is another one that is listed as new but has either been repaired or sent as an rma. It's really tempting because I've heard ebay almost always sides with buyer if it ends up dying on you but idk. On amazon there's a 6750 for the same price as the XFX 6700's too. I really can't decide if I should wait longer or just get one because $430 for a new 6700/6750 looks really good after these past few years.
how about because it doesn't function as an actual currency, provides no value, and exists solely to scam the credulous and desperate to the benefit of the same people and institutions that control the real money system?
Some pretty good reasons here, I would also accept "because the people who evangelize for it are extremely cringe".
I'm kinda wondering if GPU mining really is dead, and if electricity prices or other non-gaming utility for GPUs will have a measurable benefit?
Ethereum finally went from proof-of-work to proof-of-stake. This is that thing that crypto Bros have been saying would turn crypto eco-friendly for about a decade. We'll see how that goes.
Ethereum's Monopoly money platform has moved from proof-of-work (in which regular jagoffs with beefy GPUs can mine Ethereum) to proof-of-stake, which centralizes validation behavior across people who already have Ethereum coins. It's a convoluted mess to understand, but this article has an OK breakdown:
https://www.coindesk.com/learn/proof-of-work-vs-proof-of-stake-what-is-the-difference/Article text (most of it)
Proof-of-stake and proof-of-work are known as consensus mechanisms. Both, in different ways, help ensure users are honest with transactions, through incentivizing good actors and making it extremely difficult and expensive for bad actors. This reduces fraud such as double spending.
To understand what the difference is between proof-of-work vs. proof-of-stake, it helps to know a bit about mining.
In proof-of-work, verifying cryptocurrency transactions is done through mining. In proof of stake, validators are chosen based on a set of rules depending on the "stake" they have in the blockchain, meaning how much of that token they commit to locking up to have a chance to be chosen as a validator. In either case, the cryptocurrencies are designed to be decentralized and distributed, which means that transactions are visible to and verified by computers worldwide.
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Proof-of-work vs. proof-of-stake: Which is better?
Proof of work is a competition between miners to solve cryptographic puzzles and validate transaction in order to earn block rewards. Proof of stake implements randomly chosen validators to make sure the transaction is reliable, compensating them in return with crypto. Each choice has unique advantages and disadvantages.
Downsides of proof-of-work
Proof-of-work requires a significant amount of energy to verify transactions. Since the computers on the network must spend a lot of energy and operate a lot, the blockchain is less environmentally friendly than other systems.
Another problem some raise is that because of the competition between miners for rewards, a small number of mining pools control the blockchain, a kind of de-facto centralization. It is important to note though that mining pools are made up of individual miners or smaller groups of miners who are free to pull their hashpower if they no longer agree with the direction of the larger mining pool.
Downsides of proof-of-stake
The main issue with proof-of-stake is that it requires an often enormous initial investment. You must purchase enough of the native token of that cryptocurrency to qualify to be a validator, which is dependent on the size of the network. In theory, people must be wealthy or earn enough money to buy a network stake, leading to an exclusively rich blockchain. As cryptocurrencies rise in market value, this issue could become worse.
The rich get richer, but cryptobros don't boil the oceans for another couple of years for this one particular coin platform.
