Samsung Enters Volume Production of a Killer Crypto-mining ASIC

[rtwjunkie]

The fact that the English language calls it a Pineapple is the dumbest idea ever, pretty much every other language calls it something along the lines of ananas.

Actually we have the Spanish to blame for this, since they named it upon discovery in the West Indies, for its resemblance to pine cones. The English, also being heavily involved in the Carribean, used the word too, so as to minimize confusion in Carribean trade.

Meanwhile samples brought to Europe were classified by the scientists on the continent as Ananas comosus. Interestingly, and kind of rare of an occurrence it was, the scientific name caught on and spread into common usage. Meanwhile the British and Spanish persisted in the use of the lay men's field name.

The Spanish language still uses pinyã today, interchangeably with annana. Frequent use: Pinyã Colada.

EDIT: Oops, was distracted on phone call with the boss. Should be Piña.

 

[Fx]

I think the point lies elsewere. The case for Cryptos is the decentralization and deregulation of value; cutting out central banks, governments, big circuit players from the equation of money transfer.

No offense, but this is a fairy tale. The men who control central banks rule the world because they are shrewd businessmen. The reason why JFK, RFK, al-Qaddafi and others have lost their lives -- they were trying to provide money backed by real value (gold, silver, oil). It is in their best interest to execute whatever means necessary to maintain their iron grip on the world's primary exchange of currency. Cryptocurrency is no exception and only exists because they allow it.

He who controls banks controls food, energy, war, "education" (indoctrination), news, infrastructure and thus people with strokes of the pen.

It's a bit dark, but I dont believe there will ever be a parallel monetary system which they do not control.

You really want some suits telling you how much your hard work is worth based on how much gold the suits can horde in a fort somewhere? If their gold disappears then the value of your same hard work disappears.

The US hasn't been backed by gold since 1971. We have been using fiat currency (monopoly money) for decades.

With that said, sadly it is a far superior system to cryptocurrency.

 

[moproblems99]

Crypto coin mining. wasting energy and resources

Fill in the blank please

Gaming is not a waste of energy and resources because ______________________________________.

 

[R-T-B]

Any digital coins are inherently vulnerable to hacking. With quantum computing all the coins you mined can easily be taken away by whoever controls the most power quantum computing (aka governments, or Soros). In some sense it is worse than traditional currency. So nope, the future of crypto currency is pretty dim.

You need to do some research into "quantum hardened code."

The worst that will happen is a PoW change.

Instead of acquiring money that has already been created through many controls of regulation, they create money with relative ease.

My numbers in my experiment currently indicate that after labor hours, I am making $10.00 per hour of labor. I should be working at McDonalds. What relative ease?

With that said, sadly it is a far superior system to cryptocurrency.

I don't believe that will always be the case. I strongly believe we are in an embryo stage as to what crypto is to become.

No offense, but this is a fairy tale.

How is it a fairy tale? If I want to transfer money in bitcoin and I sign the transaction, how can the "big banks" stop it? Answer: They can't.

 

[Fx]

How is it a fairy tale? If I want to transfer money in bitcoin and I sign the transaction, how can the "big banks" stop it? Answer: They can't.

Just got off work and headed home, but I will say this.

Easy. Legislation.

Have a good evening.

 

[TheGuruStud]

You know there is a finite number to what can be mined. Unlike gov money, they can print that forever. But only a certain number of coins can be mined.
I had someone tell me if trends continue then by 2020 all the world's electricity will be used on mining. I just laughed. All the world's huh? So my lights won't come on cause of a factory of video cards spinning somewhere? Get real people. It isn't free either, electricity costs,GPUs cost, ASICs cost. You really want some suits telling you how much your hard work is worth based on how much gold the suits can horde in a fort somewhere? If their gold disappears then the value of your same hard work disappears.

That Fort is likely empty. No one outside is allowed to view the gold. Paper currency is a scam they'll print until 1929 looks like a vacation.

 

[FordGT90Concept]

No, this is:
View attachment 96591

I once had durian pizza in Singapore. You will know true evil when you taste that f*r.

https://www.cbsnews.com/news/durian-pizza-pizza-hut-debuts-a-smelly-delicacy-in-china/
Not a fan of "Sweet Swine" (pineapple + ham) pizza...and durian sounds 100x worse. I'll pass, thanks but no thanks.

That said, the concept of cryptocurrency is pretty dumb.

 

[R-T-B]

Just got off work and headed home, but I will say this.

Easy. Legislation.

Have a good evening.

Legislation could not effect the peer to peer network anymore than it can get content removed from bittorrent.

 

[lexluthermiester]

Pineapple on pizza is delicious. what are you talking about? I add pineapple on my pizza all the time when i custom order one.

Whole-heartedly and completely agree! For me a pizza is just not complete without some pineapple.

Back to the article, it wouldn't take much to modify these SOC's to do other cryptocurrencies. This is what the world needs for cryptocurrency mining. Far more cost and resource effective.

 

[FordGT90Concept]

Legislation could not effect the peer to peer network anymore than it can get content removed from bittorrent.

I spelled it out in previous threads. TL;DR: add cryptocurrency to the Controlled Substances Act. Make it illegal to produce (ICOs and mining), possess (crypto wallets), and trade (exchanges). The whole market is turned black virtually overnight. If enforcement is needed, power companies can be given an avenue to report instances of high residential power use to a cybercrimes unit which can be used as probable cause to search for cryptomining hardware.

 

[R-T-B]

I spelled it out in previous threads. TL;DR: add cryptocurrency to the Controlled Substances Act.

Still, you couldn't actually force the devs to do anything. The transaction ledger would still contain the same data. There's satelites in space at this point relaying blockchain data and doing nothing else, you think they are going to stop? Anything you could possibly do to stop a transaction would have to attempt to be retroactive and honestly could do nothing to stop that particular transaction from being relayed and recorded.

Besides the fact that that will never happen. There's that too.

 

[FordGT90Concept]

You don't stop transactions (unless it's a sting operation), you pursue the source (dealer) and the destination (buyer) removing them from the market via seizure of assets and a prison sentence.

 

[TheDeeGee]

So what happend to all the "ECO" features.

Samsung does not know Mining isn't ECO friendly?

 

[Fasola]

You know there is a finite number to what can be mined. Unlike gov money, they can print that forever. But only a certain number of coins can be mined.
I had someone tell me if trends continue then by 2020 all the world's electricity will be used on mining. I just laughed. All the world's huh? So my lights won't come on cause of a factory of video cards spinning somewhere? Get real people. It isn't free either, electricity costs,GPUs cost, ASICs cost. You really want some suits telling you how much your hard work is worth based on how much gold the suits can horde in a fort somewhere? If their gold disappears then the value of your same hard work disappears.

What do you mean "there is a finite number to what can be mined"? Aren't new coins coming out like mushrooms after rain and aren't existing ones getting forked? Seems pretty similar to gov money. The differences are who is potentially in control and the higher amount of wasted resources.

 

[FordGT90Concept]

Actually there is a finite amount of value backing legal tender. Inflation/deflation occurs based on the amount of legal tender versus the value behind it.

 

[Fx]

Still, you couldn't actually force the devs to do anything. The transaction ledger would still contain the same data. There's satelites in space at this point relaying blockchain data and doing nothing else, you think they are going to stop? Anything you could possibly do to stop a transaction would have to attempt to be retroactive and honestly could do nothing to stop that particular transaction from being relayed and recorded.

Besides the fact that that will never happen. There's that too.

So you are telling me that YOU would be willing to do illegal activities to earn ~$10/day? As far as exchanging with the currency, it really wouldn't be worth the risk when you can just use legal currency.

There will always be people doing criminal activities. A typical, average citizen will conduct their lives according to law.

Legislation rules all my friend and that is something they can easily pass if they deem it a necessary.

 

[R-T-B]

So you are telling me that YOU would be willing to do illegal activities to earn ~$10/day? As far as exchanging with the currency, it really wouldn't be worth the risk when you can just use legal currency.

There will always be people doing criminal activities. A typical, average citizen will conduct their lives according to law.

Legislation rules all my friend and that is something they can easily pass if they deem it a necessary.

That's irrelevant to my point. You need to reread my post.

 

[Fx]

I read it. You are now talking about other people instead of discussing how you fit in to the equation.

And you represents all of us because you are a typical citizen like us. Only a fraction of people participate in criminal activities.

 

[thesmokingman]

I once had durian pizza in Singapore. You will know true evil when you taste that f*r.

Frozen durian is pretty good, mind you it smells like ass literally.

 

[Xpect]

No, this is:
View attachment 96591

What is wrong about a Hawaii Pizza?
Apart from the fact, that, when I ordered one in the US 13 years ago, it tasted like garbage.

I don't even know HOW they managed to get a pizza (which is just ham and ananas in addition to the basic margherita components) wrong

Apart from that. Who cares about mining. In my opinion it is just baseless bullshit. The worth of a currency is equivalent to the trust people set in it that it has that worth. And I don't trust crypto at all. So to me it is worthless.

 

[FordGT90Concept]

It's durian pizza. Durian is a stinky fruit.

 

[kn00tcn]

anti pineapple pizza arguments dont make sense, you people better have actually tasted it on a normal/good pizza first

plenty of other foods have an extra 'kick' by adding a sweet element (not that pineapple is particularly sweet...) like sweet & sour sauce, cranberry sauce (north american thanksgiving meals), some appetizer/main salad with oranges or berries, etc

Fill in the blank please

Gaming is not a waste of energy and resources because ______________________________________.

art & play are important for the psychological development of the human mind, not to mention most other animals (play specifically)

i'm not saying max ultra settings super overclock plastic LEDs everywhere gaming, i'm saying the concept of an electronic video game