ASIC mining took over GPU mining in efficiency ages ago and wouldn’t make sense.
Efficiency wouldn’t matter if customers pay for the power while you pocket the Bitcoin.
When everyone else is using ASIC at terahashes/s and you are only doing mega or gigahashs per second the chances of your pool getting the next coin is still low.
This reminds me of huge affair of Bitcoin miner stealing power from Supreme Administrative Court in Poland. They literally had huge bitcoin mining operation in the court building while taxpayers were paying for electricity bill
Simple. Just have the court rule that the court is constitutionally MANDATED to mine Bitcoin on the government’s dime! 😂
Every video card that’s plugged into an AI data center starts losing money the second it’s powered on. It might actually be more profitable to mine crypto.
Profitable is a stretch. Arguably them running with no workload will mean the card lives longer overall compared to mining which has known to cause hardware burnout in GPUs.
I didn’t say profitable. I said more profitable. As in losing less money.
Well that’s not exactly true, most GPU cards in mining operations are voltage underclocked and run at a stable rate. It’s much harder on a card to run in a typical desktop scenario with constant voltage changes and power on / off cycles.
That being said, there is a difference between a large scale mining operation that are maximizing profits to jimmy bob wanna be techbro trying to start one up
(And honestly, fuck both of those)
https://www.pcworld.com/article/395149/should-you-buy-a-used-mining-gpu.html
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I haven’t done the math, but you are forgetting the massive tax breaks for “job creation” and subsidizing the energy cost across the population around you. That’s gotta help the profitability
Doubtful. Crypto mining is insanely optimized. Hardware value depreciation alone would kill profitability. We’re talking 20k chips having to compete with $200 consumer GPUs
The Bitcoin network adjusts its difficulty based on the amount of computing power available so that the discover rate is relatively constant, around every ten minutes.
Adding more compute power without an increase in regular currency value per Bitcoin will just make it less likely to break even.
Not saying it couldn’t happen, but the odds of it making enough money at scale and without asic mining gear seems unlikely.
I don’t know about other cryptocurrencies though - they might have different designs that are more amenable to clandestine shenanigans.
Is Bitcoin still a thing?
Why a quarter
