NZGames.com Forums
Register FAQ Calendar Mark Forums Read

Go Back   NZGames.com Forums > General > Technology & Troubleshooting
User Name
Password

Reply
 
Thread Tools
Old 27th December 2021, 15:32     #961
Lightspeed
 
An interview of/lecture by Vitalik from last week in Argentina. 1h21m.

Love this guy, gives me a lot of hope for the platform.
__________________
Stay shook. No sook.
  Reply With Quote
Old 7th January 2022, 13:53     #962
Ab
A mariachi ogre snorkel
 
So Signal's cryptopayments functionality via Mobilecoin is now in beta worldwide, and something about it just leaves a really bad taste in my mouth. It feels like an ICO-era cash grab from an app that I thought was better than this.
  Reply With Quote
Old 7th January 2022, 14:29     #963
Cyberbob
 
During 2021, Bitcoin consumed enough electrical energy to negate the entire global net savings from deploying EVs.

source: @DigiEconomist and CCAF
__________________
ɹǝʌo sᴉ ǝɯɐƃ ʎɥʇ
  Reply With Quote
Old 7th January 2022, 14:38     #964
Lightspeed
 
I'm hoping once Ethereum completely leaves PoW behind that will be the death knell of Bitcoin.
__________________
Stay shook. No sook.
  Reply With Quote
Old 7th January 2022, 14:54     #965
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Cyberbob
During 2021, Bitcoin consumed enough electrical energy to negate the entire global net savings from deploying EVs.

source: @DigiEconomist and CCAF

That makes... no sense. Electric cars would have saved electricity if it hadn't been for Bitcoin using electricity?
  Reply With Quote
Old 7th January 2022, 15:40     #966
Cyberbob
 
I absolutely butchered that post, you're right.

There's two points:

During 2021 Bitcoin consumed 134 TWh in total, which is comparable to the electrical energy consumed by a country like Argentina.

Related CO2 emissions were ~64 Mt; enough to negate the entire global net savings from deploying EVs.
__________________
ɹǝʌo sᴉ ǝɯɐƃ ʎɥʇ
  Reply With Quote
Old 7th January 2022, 15:49     #967
Ab
A mariachi ogre snorkel
 
That still doesn't make any sense.

Bitcoin mining consuming electricity has no environmental impact at all unless it was in a place where electricity is generated in a way that has an environmental impact. And then that just proves that certain places generate electricity in dirty ways. That has nothing to do with bitcoin mining.
  Reply With Quote
Old 7th January 2022, 15:50     #968
Lightspeed
 
The point is clear tho. Crypto burns a shit load of energy, and for what?
__________________
Stay shook. No sook.
  Reply With Quote
Old 7th January 2022, 15:54     #969
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Lightspeed
The point is clear tho. Crypto burns a shit load of energy, and for what?
Energy's free. Who cares?

The electricity consumed by Bitcoin mining is a rounding error on the power bill of, say, companies leaving their lights on at night.
  Reply With Quote
Old 9th January 2022, 13:18     #970
Lightspeed
 
It's not completely free and in the coming years we're going to be seeing the real cost of our energy consumption.

Anyhow, nice dip going on right now for anyone buying.
__________________
Stay shook. No sook.
  Reply With Quote
Old 9th January 2022, 15:53     #971
Ajax
Architeuthis
 
Quote:
Originally Posted by Ab
That still doesn't make any sense.

Bitcoin mining consuming electricity has no environmental impact at all unless it was in a place where electricity is generated in a way that has an environmental impact. And then that just proves that certain places generate electricity in dirty ways. That has nothing to do with bitcoin mining.
Large-scale crypto miners need more juice --> grid under pressure --> wholesale energy prices rise ---> dirty power plant increases output.

Check out what's happening in Kazakhstan at the moment.

Its energy ministry said last year "grey" mining may be consuming up to 1.2 GWt of power, which together with "white" miners' 600 MWt comes up to about 8% of Kazakhstan's total generation capacity.
  Reply With Quote
Old 9th January 2022, 16:25     #972
Ajax
Architeuthis
 
Imagine something as useless as Bitcoin is causing rolling brown-outs and maxing out your electrical grid.
  Reply With Quote
Old 10th January 2022, 16:02     #973
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Lightspeed
It's not completely free
Like the man said, the future's here but it's not evenly distributed.

Here in South Australia power is certainly free during the summer. With rooftop solar I could probably set up a mining rig in my shed for six months of the year and not pay a cent in power bills.

I guess the point (also following Ajax's comments) is that crypto mining at scale is a shitty thing for a developing country's power grid, and it will probably be banned in such places, which is good. But I stand by my point that crypto mining in and of itself does not have a negative environmental impact. Crypto mining in places where electricity is generated by dirty means has an environmental impact -- and the impact comes from the dirty means bit not from the crypto mining bit.
  Reply With Quote
Old 10th January 2022, 16:57     #974
Ajax
Architeuthis
 
Quote:
Originally Posted by Ab
Here in South Australia power is certainly free during the summer.
It's not really free though, is it. Someone had to pay for the solar setup. Cheap - sure.

I don't have the stats in front of me, but whatever percentage of crypto mining is generated with dirty power (I vaguely recall it being about 75%) can be considered to have an environmental impact.
  Reply With Quote
Old 10th January 2022, 17:13     #975
Ab
A mariachi ogre snorkel
 
One would think there'd be some sort of provenance market for Bitcoins that were mined "sustainably".

Edit:

Quote:
Bitcoin consumes “less than 10 percent and 40 percent of traditional banking and gold mining, respectively.”

https://ark-invest.com/articles/anal...bitcoin-myths/
Discuss
  Reply With Quote
Old 10th January 2022, 17:48     #976
Ajax
Architeuthis
 
Something something trad banking transactions per second.
  Reply With Quote
Old 10th January 2022, 18:24     #977
Juju
get to da choppa
 
An outfit is building a bitcoin mining container DC in clyde next to the clyde dam.
They are in cahoots with Contact energy to use it as an effective load balancer. It'll ramp up at night when capacity is high but demand is low, and ramp down during peak hours.
Contact win because it balances the load, and the network fees are basically paying for upgrading the substation to double the size they would have done otherwise, and the mining outfit wins because they get cheap power. It's a pretty cool system.
  Reply With Quote
Old 11th January 2022, 12:23     #978
blynk
 
You know you can't compare traditional banking directly with crypto.

Thats like saying 100k people will be diagnosed with Melanoma in the USA compared to 4k people in NZ.

Therefore the USA is worse for melanoma cancer by 25 times.
  Reply With Quote
Old 11th January 2022, 14:12     #979
Ab
A mariachi ogre snorkel
 
Yeah but we don't have news articles every second day shouting "banking industry is setting the world on fire, consumes more electricity than ten Argentinas"
  Reply With Quote
Old 12th January 2022, 16:38     #980
pxpx
 
Negative media about the banking industry doesn't tank the value of fiat currency as much as negative media about crypto I guess.
  Reply With Quote
Old 13th January 2022, 02:54     #981
Ab
A mariachi ogre snorkel
 
Check out how many transactions the Stellar blockchain is doing a day. Not a peep about electricity consumption.
  Reply With Quote
Old 13th January 2022, 09:50     #982
Ajax
Architeuthis
 
Keep in mind that XLM was 100% premined and has a small number of validators in the network.
  Reply With Quote
Old 17th January 2022, 02:38     #983
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Ab
Like the man said, the future's here but it's not evenly distributed.

Here in South Australia power is certainly free during the summer.
https://www.smh.com.au/environment/c...16-p59omi.html

For a six and a half day stretch last month the state of South Australia generated more electricity than it needed from wind and solar.
  Reply With Quote
Old 22nd January 2022, 11:20     #984
crocos
 
Good watch:
The Problem with NFTs
__________________
Ξ √ Ω L U T ↑ ☼ N

وكل يوم كنت تعيش في العبودية
  Reply With Quote
Old 26th January 2022, 23:37     #985
Ajax
Architeuthis
 
Web3 is going just great: a rugpull and scam aggregator (because there’s so many it’s hard to keep up).

https://web3isgoinggreat.com/
  Reply With Quote
Old 27th January 2022, 13:51     #986
Know me.
 
Quote:
Originally Posted by crocos
Excellent watch. Not just about NFT but the whole crypto ecosystem.

Hilarious 1:27 to 1:28
  Reply With Quote
Old 27th January 2022, 13:57     #987
Ab
A mariachi ogre snorkel
 
I fucking hate NFT, metaverse, DAO bros.
  Reply With Quote
Old 27th January 2022, 19:18     #988
Ajax
Architeuthis
 
We are the hollow men
We are the stuffed men


The Optimus Human Robot is the most important thing Tesla Inc. will be working on this year, Chief Executive Officer Elon Musk told investors Wednesday...

This is the way the world ends
  Reply With Quote
Old 14th March 2022, 13:33     #989
pxpx
 
Line Goes Up – The Problem With NFTs
https://www.youtube.com/watch?v=YQ_xWvX1n9g

Interdasting.
  Reply With Quote
Old 14th March 2022, 13:55     #990
blynk
 
Deja Vu
  Reply With Quote
Old 14th March 2022, 16:22     #991
Ab
A mariachi ogre snorkel
 
It's like deja vu all over again!
  Reply With Quote
Old 14th March 2022, 16:38     #992
pxpx
 
lol. soz guys <3
  Reply With Quote
Old 14th March 2022, 20:35     #993
Native
I... err - F*ck It.
 
Anyone else still buying?

The 30% drop in the last six months has seen me half my weekly buy (to like $80 bucks NZD). I'm continuing to buy as I have for the last 3 years on a weekly basis - but noticed this thread is a little quieter recently.
  Reply With Quote
Old 14th March 2022, 20:48     #994
Ab
A mariachi ogre snorkel
 
Nothing's changed in my buying.
  Reply With Quote
Old 14th March 2022, 22:43     #995
DrTiTus
HENCE WHY FOREVER ALONE
 
Still mining, not buying.
__________________
Finger rolling rhythm, ride the horse one hand...
  Reply With Quote
Old 30th March 2022, 02:15     #996
Ab
A mariachi ogre snorkel
 
ETH waking up?
  Reply With Quote
Old 30th March 2022, 16:39     #997
Cyberbob
 
Web 3 is going just great, thanks for asking.

Popular blockchain game Axie Infinity suffers a $625 million exploit
__________________
ɹǝʌo sᴉ ǝɯɐƃ ʎɥʇ
  Reply With Quote
Old 28th April 2022, 02:07     #998
Lightspeed
 
It seems no one liked Twitter accepting Musk's offer. Nice healthy dip going on.
__________________
Stay shook. No sook.
  Reply With Quote
Old 28th April 2022, 09:38     #999
DrTiTus
HENCE WHY FOREVER ALONE
 
If Musk will be paying $54.20 a share, is it not a bargain to buy shares for less than that?

I don't really know how these processes work, it just seems weird to sell off now.
__________________
Finger rolling rhythm, ride the horse one hand...
  Reply With Quote
Old 28th April 2022, 13:08     #1000
sidbo
Raptus regaliter
 
Quote:
Originally Posted by Lightspeed
It seems no one liked Twitter accepting Musk's offer. Nice healthy dip going on.
Good.

Drive the fucker into the ground, scorch and salt the earth after to make sure it stays fucking dead.

Then offer to buy FB, rinse and repeat. Bonus content if musk goes down with the ship.

Last edited by sidbo : 28th April 2022 at 13:09.
  Reply With Quote
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump



© Copyright NZGames.com 1996-2021
Site paid for members (love you guys)