2CHAINZ
Registered User
- Feb 27, 2008
- 14,898
- 20,983
I mean, at what point do you realize there is no long-term risk?I'm risk averse, and that's why I don't get the prom queen.
I mean, at what point do you realize there is no long-term risk?I'm risk averse, and that's why I don't get the prom queen.
where to find a rich woman would be good!!!!!If you think it's easier to win the lotto than invest in something, then I am not sure what to tell you.
No, it's computers playing a silly game of solving cryptographic puzzles to determine which one has the privilege of getting some transaction(s) added to a decentralized ledger. The computer that solves the puzzle earns some bitcoin money as a reward. The puzzle-solving requires a lot of computer power, and so it is highly energy inefficient, to the point that bitcoin mining worldwide uses up as much energy as an entire country's energy needs (or more? too lazy to check now).where to find a rich woman would be good!!!!!
Bitcoin it is..
wasn't there a huge uproar about private money (Crypto currency) a while back? Did they not cite a similar movement in the late 1800's that collapsed? ec 20070101 private money in our past present and future
what is mining, when it comes to bitcoin? Is it literally mining, as in digging the ground?
WE ARE NOW TREATING COMPUTERS AS PETS??????No, it's computers playing a silly game of solving cryptographic puzzles to determine which one has the privilege of getting some transaction(s) added to a decentralized ledger. The computer that solves the puzzle earns some bitcoin money as a reward. The puzzle-solving requires a lot of computer power, and so it is highly energy inefficient, to the point that bitcoin mining worldwide uses up as much energy as an entire country's energy needs (or more? too lazy to check now).
Heard something along the lines of that statistic too. Also a big reason why big CPU processing chip companies stock price is exploding (think Nvidia). They’re using the ultra fast processors to mine crypto.No, it's computers playing a silly game of solving cryptographic puzzles to determine which one has the privilege of getting some transaction(s) added to a decentralized ledger. The computer that solves the puzzle earns some bitcoin money as a reward. The puzzle-solving requires a lot of computer power, and so it is highly energy inefficient, to the point that bitcoin mining worldwide uses up as much energy as an entire country's energy needs (or more? too lazy to check now).
Bitcoin mining is the mining of bitcoin using computer power to solve a complex algorithm that releases bitcoin till it hits it's maximum supply of 21 million. Bitcoin miners are also the backbone of the network. You need miners to process transactions; it's miners who process all transactions on the block chain, and they are rewarded the fees for processing them. The closer we get to the 21 millionth bitcoin, the more complex the mining algorithm becomes.where to find a rich woman would be good!!!!!
Bitcoin it is..
wasn't there a huge uproar about private money (Crypto currency) a while back? Did they not cite a similar movement in the late 1800's that collapsed? ec 20070101 private money in our past present and future
what is mining, when it comes to bitcoin? Is it literally mining, as in digging the ground?
The recent run up has more to do with the surge in AI driven software ...all those models are based on training of very large data sets.Heard something along the lines of that statistic too. Also a big reason why big CPU processing chip companies stock price is exploding (think Nvidia). They’re using the ultra fast processors to mine crypto.
More than half the mining is done with clean energy, and that is increasing. You shouldn't be blinded by fearNo, it's computers playing a silly game of solving cryptographic puzzles to determine which one has the privilege of getting some transaction(s) added to a decentralized ledger. The computer that solves the puzzle earns some bitcoin money as a reward. The puzzle-solving requires a lot of computer power, and so it is highly energy inefficient, to the point that bitcoin mining worldwide uses up as much energy as an entire country's energy needs (or more? too lazy to check now).
So it seems someone deleted my post and I am not sure why, it explained my break down.
at about 3-4 Micorns of track width on a computer chip, you start becoming limited in how many electrons can travel on that line. And so friction becomes an issue. So, parallels processing is a must.The recent run up has more to do with the surge in AI driven software ...all those models are based on training of very large data sets.
But yeah, crypto currency mining has also driven a lot of Nvidia's sales over the last 10 years or so.
Chainzie,More than half the mining is done with clean energy, and that is increasing. You shouldn't be blinded by fear
Saw those at the dollar store today, seemed fitting...Anyone tried the lays limited edition turkey dinner chips? Just bought a bag and figure they're either going to be unreal or inedible
They weren't as polarizing as I expected. Milder flavor, not bad. Gonna try that Tikka nextSaw those at the dollar store today, seemed fitting...
They also had Jerked chicken and tikka masala
Chainzie,
You have a few dozen computer geeks, sititng there writting code. Loading it onto super computers. Letting them run for days on end. All trying to maximize Game theory and Numbers theory.
And this is fueling a crypto currency craze that is sweeping the world!
Cannot we just go back to the Pablo Escobar model and proliferate cocaine and kill all that stood in his way? Way easier.. A few deranged, homicidal maniacs and some inbred farmers who can grow it. A few dozen chemists to process it and some biker gangs to distribute it.
f***, we keep trying to reinvent the wheel.
Heard something along the lines of that statistic too. Also a big reason why big CPU processing chip companies stock price is exploding (think Nvidia). They’re using the ultra fast processors to mine crypto.
It's insane to consider the Nvidia stock movement over the past two years.... in Jan 2023 it was trading around $15, yesterday closed at $148.88.Also affecting the computer gaming industry for a few years now. All those miners using up the graphics cards and all that.
It's insane to consider the Nvidia stock movement over the past two years.... in Jan 2023 it was trading around $15, yesterday closed at $148.88.
Absolutely insane.
How are you lost with BTC? I told everyone in here many times to just buy bitcoin. You can get bitcoin exposure in your tfsa or RRSP buy buying BTCC it is a bitcoin etf. Or you can buy actual bitcoin through and exchange like Coinbase or Kraken.
Well, you keep on not touching that stuff and I will keep on doing the opposite.
Anyone tried the lays limited edition turkey dinner chips? Just bought a bag and figure they're either going to be unreal or inedible
What is your point?Heard that Bitcoin Surged To a new High Above $76,000, earlier this week…..