The State of Cryptocurrency

[moproblems99]

Crypto is good for making illegal transactions. That's it.

Right now. Because people are all hot and bothered they haven't been able to buy a graphics card for 2 months. Maybe the current gen aren't the solution. I don't know. But just like alternative energy, the technology doesn't grow and blossom until it is used.

 

[trog100]

is the hate all about the price of gpus.. based on the principle that folks in general dont give much of a sh-t about things that dont directly concern them i recon it must be..

i even started a special thread to let the hate come out without messing up every other crypto thread..

some wise mod closed it down before it started.. he he he..

i give up.. well maybe not but i should do..

bitoin is now back up near the 8000 i said it needed to be..

trog

 

[moproblems99]

[TROLL POST] Real screenshot from yesterday, no Photoshop. Any doubts?

Just thought I would throw this in here but my religion may be a little fuzzy so this may be wrong. I believe 666 was reference to Emperor Nero. I don't believe the concept of Satan or the Devil was introduced until well after the concept of the mark of the beast was written.

 

[dorsetknob]

some wise mod closed it down before it started.. he he he..

Yes and sensible we don't need toxic threads

 

[Jetster]

Its not just the GPU prices. Its more about the attitude of shit Im making a ton of money, bragging and stuff like that. Crypto currency may be the future but right now its a gamble. A big one.

 

[ShiBDiB]

TPU would be so much better off if moved crypto to general nonsense or whatever that off topic forum is called. To say crypto discussion here is based around the hardware side of it is a lie

 

[xorbe]

crypToPowerUp

 

[jboydgolfer]

Warehouses aren't really a thing anymore:

Although it's off topic, I assure you you're incorrect on this point. But the rest of what you said is 100% accurate, and only a fool would disagree.

I worked for one of the largest wholesale grocery providers in the United States for many years in several different capacities, from California ,to Hawaii, to the eastern seaboard ,trust me there's massive warehouses , providing food to grocery stores & other markets.

Stop n shop
Piggly wiggly
Food lion
D'agostinis
& many more, they are all bought via warehouse holding dry, cold , & freezer storage facilities. I actually was a buyer at c&s in western Massachusetts for many years ,and my job (along with many others) was to predict the need of the region for items like hotdogs or produce etc. it's a massive business

 

[yesyesloud]

I don't really get why people bother burning their multi-gpu rigs on crypto mining.

Ethereum and the such, practically GPU-only communities, seem hot right now but BCH is already worth more and can be mined by ASIC hardware.

Not saying gpu mining is worthless, it's just that I'd go for ASIC myself.

Just thought I would throw this in here but my religion may be a little fuzzy so this may be wrong. I believe 666 was reference to Emperor Nero. I don't believe the concept of Satan or the Devil was introduced until well after the concept of the mark of the beast was written.

just replying for teh lulz. jk

 

[moproblems99]

just replying for teh lulz. jk

I think I confused the concept of hell here. Although, I think the reference was most likely still to Nero.

TPU would be so much better off if moved crypto to general nonsense or whatever that off topic forum is called. To lie and say crypto discussion here is based around the hardware side of it is a lie

There are plenty of threads concerning modifying BIOSs and such but I am sure there are many that probably belong there.

 

[R-T-B]

You can buy anything in the world with pretty much any currency. US$ work great.

The rub is when you try to send money across borders to individuals cheaply. No conventional currency works very well for this.

That's what I meant by "universal store of value." I said nothing about stability intentionally because it is a money in money out use case.

To lie and say crypto discussion here is based around the hardware side of it is a lie

Uh, no it's not. Crypto and hardware are intertwined to the core.

Not saying gpu mining is worthless, it's just that I'd go for ASIC myself.

I lost a lot of money on ASICS. They depreciate too fast for ROI.

 

[FordGT90Concept]

I worked for one of the largest wholesale grocery providers in the United States for many years in several different capacities, from California ,to Hawaii, to the eastern seaboard ,trust me there's massive warehouses , providing food to grocery stores & other markets.

That's a distributor, not a warehouse. Turnaround time at distributors is often less than a month--they have a revolving inventory. Warehouses often sit on products for 6+ months.

 

[trog100]

That's a distributor, not a warehouse. Turnaround time at distributors is often less than a month--they have a revolving inventory. Warehouses often sit on products for 6+ months.

the trucks are the warehouses.. its called just in time delivery.. stuff is permanent in transit.. it arrives gets sold the same day and more arrives tomorrow.. its supposed to be cheaper than warehousing stock or so they say..

obviously there has to be distribution points but they are not warehouses as such.. it costs money to store stuff so it dosnt get stored in normal circumstances.. its always on the move..

trog

 

[xkm1948]

So what is it at right now? Where are my cheap 1080Tis? /s

 

[xorbe]

obviously there has to be distribution points but they are not warehouses as such.. it costs money to store stuff so it dosnt get stored in normal circumstances.. its always on the move..trog

I rode my bike through Patterson, CA and there is a huuuge AMZN warehouse.
https://www.google.com/maps/@37.4705271,-121.168508,1714m/data=!3m1!1e3

 

[R-T-B]

So what is it at right now? Where are my cheap 1080Tis? /s

Bouncing back to 8000 or so last I looked. No cheap cards immediately as mining has still been profitable this whole time. It will taper off new guys getting in, however.

i even started a special thread to let the hate come out without messing up every other crypto thread..

some wise mod closed it down before it started.. he he he..

I saw that. Was thinking of doing that myself. Now I'm afraid, lol.

 

[FordGT90Concept]

I rode my bike through Patterson, CA and there is a huuuge AMZN warehouse.
https://www.google.com/maps/@37.4705271,-121.168508,1714m/data=!3m1!1e3

It's a "fulfillment center." Retailers (like Amazon, Wal-Mart, etc.) are the closest things to warehouses these days.

 

[jboydgolfer]

TPU would be so much better off if moved crypto to general nonsense or whatever that off topic forum is called. To lie and say crypto discussion here is based around the hardware side of it is a lie

Agreed

 

[trog100]

yes its basically a distribution center.. they have to post the bloody stuff from somewhere.. he he

but stock is kept to a minimum.. computers keep track of stock levels and only order just enough stuff to keep the just in time system going.. most of it is in the trucks and in transit.. he he

its a fragile system and it would not take much to f-ck it up.. a bit like living from hand to mouth with f-ck all spare in the fridge..

if it ever breaks there would be hell to pay.. he he..

trog

 

[jboydgolfer]

That's a distributor, not a warehouse. Turnaround time at distributors is often less than a month--they have a revolving inventory. Warehouses often sit on products for 6+ months.

right, but we're speaking Grocery...(admittedly off topic) but aside from 5% of business, NO item a grocery store sells sits Anywhere for 6+months. Some items we housed in dry goods warehouses sat for long periods, (wreaths, decorations, seasonals, etc) but anything grocery moves fast all the time, even frozen. This is the way it has been since Flash freezing, and canning was introduced.

it costs money to store stuff so it dosnt get stored in normal circumstances.. its always on the move..

we housed for up to a month (give or take & item dependant), but as i mentioned to Ford, the business of Grocery means it MUST move or be disposed of, but items are stocked fast in bulk, selectors on pallet jacks hand "pick" orders made to fit each respective chain, which are shrink wrapped, and loaded onto trucks to head to their end points. the "warehousing" is technically what is happening, but its essentially a larger scale of what Your fridge at home is.....it sits there until consumption.

 

[trog100]

Agreed

it would be much better if all the silly haters kept out of crypto threads.. all most of them are doing is trolling.. its time the mods did something about the situation..

i dont mind genuine intelligent anti crypto comment.. but there aint much of that.. just continuous one liner mindless trolling..

trog

 

[jboydgolfer]

it would be much better if all the silly haters kept out of crypto threads.. all most of them are doing is trolling.. its time the mods did something about the situation..

i dont mind genuine intelligent anti crypto comment.. but there aint much of that.. just continuous one liner mindless trolling..

trog

im not really anti crypto. im just not appreciative of what its community has done to the market. i respect your opinion on the matter, TPU was here before Mining, and will be after, i just hope the latter comes sooner than later.

also, the whole "crypto" thread trend, seems more financially driven than tech driven, IMHO its off site topic, and out of place here when that direction is the predominant focus.
(im certainly the last person to claim "on topic" driven, as im a clown who jokes 95% of the time, it just seems like a LOT of crypto related conversation would better be suited in a different location. but what do i know....just one guys opinion.

 

[R-T-B]

also, the whole "crypto" thread trend, seems more financially driven than tech driven

It's still tech. Without the tech, there is no money.

At any rate, TPU used to be a bios modding mecca. This has made it relevant in the crypto scene which is big into bios modding. So in a way, it is only catering to the same audience it always has, and the membership hasn't changed at all, they've just gone to each others throats.

Honestly, the offtopic part is the philosophical debate about crypto. It's political in nature, and should be in the lounge like all politcal things. The tech? The tech can stay. Crtisize and/or praise a coin or talk investment strategy? Lounge. We only talk the tech stuff here.

That's what I want.

 

[jboydgolfer]

It's still tech. Without the tech, there is no money.

At any rate, TPU used to be a bios modding mecca. This has made it relevant in the crypto scene which is big into bios modding. So in a way, it is only catering to the same audience it always has, and the membership hasn't changed at all, they've just gone to each others throats.

Honestly, the offtopic part is the philosophical debate about crypto. It's political in nature, and should be in the lounge like all politcal things. The tech? The tech can stay. Crtisize and/or praise a coin or talk investment strategy? Lounge. We only talk the tech stuff here.

That's what I want.

I can't say what is or isn't right or wrong, or out of place, I lack the patience, the will to "type-argue" my point, & its not my place to say what should or shouldnt be, but ill end with this, as its the core of my point.

This mining fad has brought the worst out in people (miners and non miners). I have always seen TPU as a place for those who love PC, not becasue it earns them money, but becasue they enjoy it. A place where members help others with issues they need help with, offer support, or an extra component when others are in need.....i feel that mentality is being stripped away with this mining craze...im not saying mining is causing this, im just saying what i feel ive noticed.

i wish you all the best.

 

[moproblems99]

This mining fad has brought the worst out in people (miners and non miners). I have always seen TPU as a place for those who love PC, not becasue it earns them money, but becasue they enjoy it. A place where members help others with issues they need help with, offer support, or an extra component when others are in need.....i feel that mentality is being stripped away with this mining craze...im not saying mining is causing this, im just saying what i feel ive noticed.

This. And you are correct in that mining is not causing this, human nature is causing it.