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Thread: chinese bitcoin mining |
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Thread Status: Active Total posts in this thread: 9
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dango
Senior Cruncher Joined: Jul 27, 2009 Post Count: 307 Status: Offline Project Badges: 
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look at this massive GPU crunching :)
http://www.thecoinsman.com/2014/08/bitcoin/inside-chinese-bitcoin-mine/ |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
those are no GPUs, those are ASICs and i for myself think of it as a giant *** as it is virtual money with no real value. The effort used to do this would be better spent with doing something intelligent, like science. But everbody like he likes it.
----------------------------------------*edited to appropriate forum language - ErikaT [Edit 1 times, last edit by ErikaT at Sep 19, 2014 10:57:57 AM] |
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dango
Senior Cruncher Joined: Jul 27, 2009 Post Count: 307 Status: Offline Project Badges:
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for me are bitcoins no approach to notning - i just want to show computing power
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
yeah sorry, this was not against you, but against the cryptocurrency trend.
It would be awesome if it were possible to crunch wcg wus with such hardware. But this is utopian, because it would cost too much to implement such (used for about 2 years) algorithms in ASIC (FPGA would be possible maybe). But before this happens, there will be an OpenCL or CUDA implementation of the code. |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
Finally a webpage that made it comprehensible to me what this 'mining' activity really does.
http://whatis.techtarget.com/definition/Bitcoin-mining Reserving the right, to not opine on the matter.  |
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KLiK
Master Cruncher Croatia Joined: Nov 13, 2006 Post Count: 3108 Status: Offline Project Badges: 
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What they don't tell is: what actually do you crunch DATA for? And what DATA is Bitcoin comming from...
----------------------------------------:coffe: |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
Just in the last 15 minutes of reading and watching, the bitcoin value dropped from 405 to 401 dollars https://bitcoinaverage.com/#USD
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Jack007
Master Cruncher CANADA Joined: Feb 25, 2005 Post Count: 1604 Status: Offline Project Badges:
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Ive been kicking myself for not doing it back in 09....
----------------------------------------I'm really sore... Coulda had half a million, who knew... BUT if we cure or treat better some diseases, I'll be good!  |
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KLiK
Master Cruncher Croatia Joined: Nov 13, 2006 Post Count: 3108 Status: Offline Project Badges:
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You could be crunching a date for a nerve gas released in Syria on BITCOIN...is that what u wanted? :/
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