Ethereum Mining Wipes Out Radeon Inventory, AMD Stock Rallies

[TheoneandonlyMrK]

It is what it is , some hate on folding at home so the hate shown here is to be expected but i wish people would research it before passing out opinions.
Eth has actually a purpose and a dev platform to use gpu cycles ,it is work ,kinda like being a shit server it guy.

 

[ensabrenoir]

Yeah I was just expecting ETH to explode for a few weeks now, let's just hope it doesn't explode in someone's face. Also why doesn't AMD mine ETH themselves, I thought the same could/should/would happen during the BTC or LTC boom? I bet they can make 10x the profit they'd otherwise make by selling these GPU's & some of us investing directly into ETH would get 2~10x our money's worth & then some

....Amd is currently mining WINinium.

 

[cdawall]

Well this thread is a shit show.

 

[DSharp]

Crypto currencies should be banned by law. This crap is the most useless thing humanity has done right after the fidget spinners. Computing some useless numbers, wasting gigawats of power on it for what exactly? Go and do compute on cancer and HIV research, but crypto currency? WHY!? No to mention it fucks up the graphics market yet again.

Good little sheeple. Outlaw being in control of your own destiny, financial or otherwise. Lets let international bankers decide what's good for us like we already do with the Federal Reserve.

 

[rtwjunkie]

Lets let international bankers decide what's good for us like we already do with the Federal Reserve.

Two separate entities with different functions. If you are going to use examples, use correct ones.

 

[Tatty_Two]

It is what it is , some hate on folding at home so the hate shown here is to be expected but i wish people would research it before passing out opinions.
Eth has actually a purpose and a dev platform to use gpu cycles ,it is work ,kinda like being a shit server it guy.

Well that's just the point, rarely are opinions based on fact, if they researched that may prevent them from having the opinion that they want, all too often people have opinions on something's that they have no experience of themselves but they have the right to them nevertheless. Not sure what all this "Freedom of Speech" stuff is, it does not exist on the internet and I don't exercise it here unless it can be done in a mature manner, freedom is earnt and unless it is legislative it remains discretionary

 

[Steevo]

Because that's LITERALLY what freedom of speech is. It's you who is apparently offended by my opinion that crypto currencies are retarded. What the hell you even wanted to say with this line, because it's an oxymoronic.



I'm calling the CRYPTO CURRENCY retarded, not you or any [insert person]. Learn a god damn difference.

I fundamentally disagree with your stance on crypto currency, but respect your right to have that opinion.

I add my two cents as, if you have nothing invested, why do you care what others do with their money, time, and electricity? Sure we could have a discussion about energy use and its effects, but perhaps the contracts being filled by the "mining" are for weather prediction, or for drug research, or for....who cares... Maybe its just a bunch of people doing something for fun, like racing in a fucking circle, jumping horses over painted wood, jumping around in tights to music of varying sorts, or staring at a screen.... doesn't make a damn bit of difference to me. What it does do however, is allow for a change in banking, companies that still hold trillions of fake money, loaned and re-loaned out on interest and then they hold tens of thousands of dollars of money each day in hopes of NOT having to borrow from the financial reserve so they don't have to pay anymore interest and can make more money and blame it on batch processing and other BS as no one has been incentivized to change the fundamentals of current banking.

 

[cdawall]

I fundamentally disagree with your stance on crypto currency, but respect your right to have that opinion.

He has no right to his opinion this is an international forum whose owner isn't from America. If he wants he can ban anyone who speaks against anything he bloody wants. Welcome to private enterprise.

 

[TheoneandonlyMrK]

He has no right to his opinion this is an international forum whose owner isn't from America. If he wants he can ban anyone who speaks against anything he bloody wants. Welcome to private enterprise.

Damn tyrants i haven't seen Wizard so much as argue with anyone never mind ban someone.
And crypto mining Is just that for many, a private enterprise, I folded for about seven years, will do again once im done mining a bit but i do both inline with one core reason .

Messing with tech on my own small scale is what i Enjoy doing ,this is in part an extension of my hobby ,and that which makes me smile.
I likely wouldn't be on here if i loved football as much now, or knitting.

I do also like debating tech so im in for the argument.

Like many i would have been a millionaire had i mined instead of folded and i don't feel like missing out this time.

Call me what you want i earn my money the 9-5 way and i don't see any issues with trying to earn more legally after hours and to call others for doing so is very short sighted imho i could use more resources for my hobby for eg ,ive not been on a plane in 7years ,i could have done a fair few trips but i was Ocin something instead.

 

[SPLWF]

Good for AMD, bad for us. Those Markups and inflation is not cool. It's no wonder why the 4 microcenters in my area are all sold out of anything good from AMD (Fury, RX). This reminds me of the days of bitcoin and the R9 280/290(x). I need a AMD GPU and effing Vega is taking too long, which I won't buy because I hate Ref Cards.

 

[Captain_Tom]

Crypto currencies should be banned by law. This crap is the most useless thing humanity has done right after the fidget spinners. Computing some useless numbers, wasting gigawats of power on it for what exactly? Go and do compute on cancer and HIV research, but crypto currency? WHY!? No to mention it fucks up the graphics market yet again.

LOL another ignorant fool who thinks he's smart for not understanding an emerging technology.


Cryptocurrencies are the future, and seeing people like you become forced to use them in 10 years will be very satisfying.

Good for AMD, bad for us. Those Markups and inflation is not cool. It's no wonder why the 4 microcenters in my area are all sold out of anything good from AMD (Fury, RX). This reminds me of the days of bitcoin and the R9 280/290(x). I need a AMD GPU and effing Vega is taking too long, which I won't buy because I hate Ref Cards.

The 290X was used to mine Litecoin and Darkcoin.

7950's were for Bitcoin, and just barely. Bitcoin became unprofitable to mine in 2012.

 

[Steevo]

He has no right to his opinion this is an international forum whose owner isn't from America. If he wants he can ban anyone who speaks against anything he bloody wants. Welcome to private enterprise.

His ability to post it here has no bearing or effect on his opinion. Thus, it is his right to have.

We could have a philosophical discussion about the natural order and how laws, rules, and regulations are restrictions on natural freedoms, but I think we all understand the fundamentals of what we mean.

 

[cdawall]

The 290X was used to mine Litecoin and Darkcoin.

7950's were for Bitcoin, and just barely. Bitcoin became unprofitable to mine in 2012.

Those cards are still profitable to mine with they can still pull off $3 a day under Ethereum

His ability to post it here has no bearing or effect on his opinion. Thus, it is his right to have.

We could have a philosophical discussion about the natural order and how laws, rules, and regulations are restrictions on natural freedoms, but I think we all understand the fundamentals of what we mean.

We could have many discussions. One of them being the will of the human. To be fair if I wanted to I could quite literally shit on his desk. My human will gives me the freedom to do so regardless of lawlessness etc.

 

[Steevo]

Those cards are still profitable to mine with they can still pull off $3 a day under Ethereum



We could have many discussions. One of them being the will of the human. To be fair if I wanted to I could quite literally shit on his desk. My human will gives me the freedom to do so regardless of lawlessness etc.

Like a boss.

LOL another ignorant fool who thinks he's smart for not understanding an emerging technology.


Cryptocurrencies are the future, and seeing people like you become forced to use them in 10 years will be very satisfying.

Don't mistake action, for production. I doubt crypto currency will gain mainstream traction within 10 years, instead some hybrid of crypto-pay with Samsung or Apple or some other company will probably emerge, and the issue will be the fees levied against these crypto-currencies, the government will want a money trail just like with other income for taxation purposes and the amount of tracking that would have to be implemented for everyday latte purchases would or could be overwhelming, and then we end up with a...... federal crypto reserve that checks all the transactions...

reminds me of some Whitest Kids You Know.

 

[TheoneandonlyMrK]

They can try and startup a fedcoin whenever they like ,id imagine it seeing limited use though , ecoins were invented to confuse the money trail and does so quite well i cant see a fedcoin being anonymous and hence i don't think it would takeoff with those that use ecoins.

 

[SPLWF]

The 290X was used to mine Litecoin and Darkcoin.

7950's were for Bitcoin, and just barely. Bitcoin became unprofitable to mine in 2012.

I understand different type of coin separates generations and such but Coin is Coin, you know what I mean.

 

[Steevo]

They can try and startup a fedcoin whenever they like ,id imagine it seeing limited use though , ecoins were invented to confuse the money trail and does so quite well i cant see a fedcoin being anonymous and hence i don't think it would takeoff with those that use ecoins.

If for a second you or anyone else thinks the NSA can't, won't, or hasn't already tracked money in for purchasing, or selling back for hard currency.....

 

[Captain_Tom]

Those cards are still profitable to mine with they can still pull off $3 a day under Ethereum



We could have many discussions. One of them being the will of the human. To be fair if I wanted to I could quite literally shit on his desk. My human will gives me the freedom to do so regardless of lawlessness etc.

I said Bitcoin is unprofitable to mine.

 

[Captain_Tom]

They can try and startup a fedcoin whenever they like ,id imagine it seeing limited use though , ecoins were invented to confuse the money trail and does so quite well i cant see a fedcoin being anonymous and hence i don't think it would takeoff with those that use ecoins.

Not really. Bitcoin was invented so people could send money anywhere on Earth instantly with zero fees. It's also hard to track, but nowhere near impossible - and in some ways easier than normal money. The FBI has already caught several people through following Bitcoin addresses.


Now things like DASH do indeed make it effectively impossible to track transactions.

 

[ZoneDymo]

He has no right to his opinion this is an international forum whose owner isn't from America. If he wants he can ban anyone who speaks against anything he bloody wants. Welcome to private enterprise.

ermmm just like any forum anywhere owned by anyone....I dont think you know what the right to free speech actually grants you...

 

[TheoneandonlyMrK]

Not really. Bitcoin was invented so people could send money anywhere on Earth instantly with zero fees. It's also hard to track, but nowhere near impossible - and in some ways easier than normal money. The FBI has already caught several people through following Bitcoin addresses.


Now things like DASH do indeed make it effectively impossible to track transactions.

You getting a bit carried away. ,, Dp.

I passed an opinion , i didn't quote as fact and despite you starting out dissagreeing your final words align with what i said , customer goes elsewhere.
@ stevo read my post , i question the viability of fedcoin , certainly not it or any other coins traceability ,but they are used as i said by the hopefully anonymous.

 

[Captain_Tom]

Don't mistake action, for production. I doubt crypto currency will gain mainstream traction within 10 years, instead some hybrid of crypto-pay with Samsung or Apple or some other company will probably emerge, and the issue will be the fees levied against these crypto-currencies, the government will want a money trail just like with other income for taxation purposes and the amount of tracking that would have to be implemented for everyday latte purchases would or could be overwhelming, and then we end up with a...... federal crypto reserve that checks all the transactions...

I just don't think you get it lol. Bitcoin/DASH/Ethereum don't have to become the standard for them to be mainstream, and in fact I would argue they are already almost mainstream. There are Bitcoin ATM's in every major city in the US and much of the West, you can buy things on Newegg directly and pretty much any website through conversion apps, and China is allowing more use of crypto. There are entire countries now where Bitcoin is the defacto standard too.

Bitcoin isn't going anywhere, and altcoins continue to become more effective and easy to use. People want to use them, and so they are used (Even in non-free countries like Russia).



And by the way, it doesn't matter if governments want people to use them lol. It isn't up to them, and they have nearly no means of stopping their use. Even in a country like Russia or Iran where they can clamp down on the internet and communication like it's the book 1984, there are blackmarket interwebs free from constant Surveillance. In fact several cryptocurrencies such as DASH, Stratus, and MadesafeCoin are working to build entirely a new Internet!


Post your silly Anarchy videos and backhanded comments all you want because I will again say you are just proving you don't know what you are talking about. People who support crypto aren't anarchists, they just want to be able to send any money they have; anywhere they want; for free; instantly; and without some third party getting in the way. Common sense buddy

 

[Steevo]

I just don't think you get it lol. Bitcoin/DASH/Ethereum don't have to become the standard for them to be mainstream, and in fact I would argue they are already almost mainstream. There are Bitcoin ATM's in every major city in the US and much of the West, you can buy things on Newegg directly and pretty much any website through conversion apps, and China is allowing more use of crypto. There are entire countries now where Bitcoin is the defacto standard too.

Bitcoin isn't going anywhere, and altcoins continue to become more effective and easy to use. People want to use them, and so they are used (Even in non-free countries like Russia).



And by the way, it doesn't matter if governments want people to use them lol. It isn't up to them, and they have nearly no means of stopping their use. Even in a country like Russia or Iran where they can clamp down on the internet and communication like it's the book 1984, there are blackmarket interwebs free from constant Surveillance. In fact several cryptocurrencies such as DASH, Stratus, and MadesafeCoin are working to build entirely a new Internet!


Post your silly Anarchy videos and backhanded comments all you want because I will again say you are just proving you don't know what you are talking about. People who support crypto aren't anarchists, they just want to be able to send any money they have; anywhere they want; for free; instantly; and without some third party getting in the way. Common sense buddy

So when Newegg sells me a 580 card for the equivalency of $400 USD, how do they report that on taxes to show their purchase of a 580 from AMD for $300 USD, and the sale to me?

I have done financials for companies and for myself, taxes in the US and understand that sure, in other countries they might not be able to track it, but here in the US if I pull $20 out of a bitcoin ATM the company running that ATM has a checks and balance system in effect for X user withdrew $20 from account 00000000001 at XX:XX time, and they reconcile that against their cash purchases from Guarda, Loomis, or whatever bank they are using for funding. My GF works for Wells Fargo and we have these types of discussions with her friends from work as well. The only thing not tracked is coinage. You are absurdly nieve to think that Bitcoin and other crypto currency isn't tracked to at least some degree. But thanks for the bold https://www.forbes.com/sites/andygr...rugs-on-silk-roads-black-market/#52ca9843adf7 but useless info.


I have worked in IT for a long time, and anything done, can be undone especially when it comes to security as it all requires some log of actions, like the blockchain itself.

 

[cdawall]

ermmm just like any forum anywhere owned by anyone....I dont think you know what the right to free speech actually grants you...

Absolutely nothing in a foreign country.

 

[siluro818]

So, having an opinion over certain thing being retarded is not allowed anymore. Wiu wiu wiu wiu thought police incoming!

Anytime you express your opinion your put it forward for the consideration of others.
If you end up widely branded as naive/uninformed/stupid/etc. you should at least entertain the possibility that well - your opinion might be the retarded one instead of the thing you have low opinion of
This is not though policing - it is the reality of social interaction lol