Bitcoin and the Count

0  2018-04-26 by lowend73

I'm no genius when it comes to that stuff. But was He Who Shall Not Be Named a jackass to be "mining for bitcoin"?

12 comments

1  Yaseetheo 2018-04-26

No he bought into it at the right time and is making mad dough!

1  lowend73 2018-04-26

I have thought about making a company that sells short sleeve shirts with t shirts. That way you dont have to buy separate. Also SOA Depends and velcro shoes for that one mongoloid in the family.

1  PeeSoup3030 2018-04-26

I only buy bitcoin to trade for drugs but my understanding is that you need mining farms to generate revenue. On top of that nvidia jacked up the prices for their cards. Thranth would have better luck starting a construction company

1  lowend73 2018-04-26

Graphics cards? I have 0 idea how that works

1  PeeSoup3030 2018-04-26

I saw the whole process a few years ago but like you my understanding is flimsy. You connect a shitload of graphics cards and somehow they help transactions move through blocks. That is probably all half true or wrong. But I know it takes powerful, energy consuming hardware to do. I saw a YouTube video where a guy had built a miner and 5-6 months later it had not made back the initial investment.

1  lolercakesmcgee 2018-04-26

No.

1  lowend73 2018-04-26

No?

1  lolercakesmcgee 2018-04-26

No, they use these https://en.m.wikipedia.org/wiki/Application-specific_integrated_circuit

1  HelperBot_ 2018-04-26

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1  lowend73 2018-04-26

sHEdDuP

1  lowend73 2018-04-26

Christ

1  Jungies 2018-04-26

Bitcoin requires solving complex mathematical problems, of the kind that graphics cards are pretty good at solving. Since it's cheaper to buy graphics cards to do the work than a shit-ton of CPUs, you end up with monstrosities like this, which is a PC with about eight video cards plugged into it, and a power supply that can handle them.

You can use ASICs which are dedicated chips built to solve cryptocurrency problems, but because they're custom silicon you don't get the economies of scale you get with standard off-the-shelf video cards.