Re:Nvidia Limits RTX 3060 Hash Rate
by chrisseaton on Sunday February 21, 2021 @06:39AM
(#26212726)
Presumably people enjoy investing in crypto. It’s a hobby for many, like gaming.
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Presumably, gaming doesn't use as much electricity globally as the entire country of Argentina.
Why do you think that? Any stats or are you just guessing? I wouldn't be surprised if it's within an order of magnitude of that.
Re:Nvidia Limits RTX 3060 Hash Rate
by chrisseaton on Sunday February 21, 2021 @08:36AM
(#26213330)
So how much electricity does gaming use?
Re:Nvidia Limits RTX 3060 Hash Rate
by ChuckNorris89 on Sunday February 21, 2021 @06:54AM
(#26212807)
>investing in crypto
Crypto is an investment the same way $GME or playing the roulette is an investment. Better term would be speculating or gambling. Nothing wrong with either, but let's call it what it is.
Re:Nvidia Limits RTX 3060 Hash Rate
by chrisseaton on Sunday February 21, 2021 @08:19AM
(#26213246)
Isn’t that what I already said? Investing as a hobby? Recreation? Like investing in Pokemon cards?
Re:Nvidia Limits RTX 3060 Hash Rate
by ChuckNorris89 on Sunday February 21, 2021 @09:23AM
(#26213616)
Investing involves spending money with the intent to make financial returns on your investment.
Buying assets "as a hobby" that depreciate or generate no income, is just that, buying for a hobby, not investing.
Re:Nvidia Limits RTX 3060 Hash Rate
by chrisseaton on Sunday February 21, 2021 @10:37AM
(#26214196)
People invest in all sorts of things they don’t seriously expect a financial return from. Like sports teams.
Re:Nvidia Limits RTX 3060 Hash Rate
by ChuckNorris89 on Sunday February 21, 2021 @10:54AM
(#26214358)
Yeah but that's just spending money, not investing.
Re:Nvidia Limits RTX 3060 Hash Rate
by chrisseaton on Sunday February 21, 2021 @10:56AM
(#26214370)
Well so what? I said people did it as a hobby. They see it as 'investing' like Fantasy Football people are 'playing football'. It's not some mystery!
Re:Nvidia Limits RTX 3060 Hash Rate
by ChuckNorris89 on Sunday February 21, 2021 @11:07AM
(#26214461)
You clearly have a very deep understanding of finance.
Re:Nvidia Limits RTX 3060 Hash Rate
by chrisseaton on Sunday February 21, 2021 @12:00PM
(#26215035)
Not sure why you've decided to become personal, snarky, and sarcastic like this?
Comparing it to roulette is such a hyperbole. Would you say that penny stocks are playing the roulette? You may argue they have similar odds but there are fundimental differences between them.
Re:Nvidia Limits RTX 3060 Hash Rate
by ChuckNorris89 on Sunday February 21, 2021 @09:19AM
(#26213594)
>Would you say that penny stocks are playing the roulette?
Where did I talk about penny stocks? I was talking about volatile meme stocks like $GME being like playing the roulette.
There's still a difference between buying $GME and playing roulette. Volatile as it may be the chance of loosing all of your investment is greatly lower with meme stocks.
Are you saying there are people out there that are happier investing in "crypto" than in "stock X" or "gold" or "bonds"? It just makes them happier that that particular name appears on the screen?
I don't doubt that is the case, but that kind of reinforces my point. The societal cost of crypto is too high. If we have to justify the electrical consumption of crypto because people enjoy it more when they see its name on their screen, we are clearly doing something wrong.
Re:Nvidia Limits RTX 3060 Hash Rate
by chrisseaton on Sunday February 21, 2021 @10:37AM
(#26214187)
I think they enjoy being part of a community and seeing a number go up and down. Like Fantasy Football. It’s a hobby.