Re:Notice of Stolen EVGA GeForce RTX 30-Series Graphics Cards
by DangitBobby on Wednesday November 03, 2021 @08:09PM
(#29102198)
Why?
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Re:Notice of Stolen EVGA GeForce RTX 30-Series Graphics Cards
by fleddr on Wednesday November 03, 2021 @08:16PM
(#29102252)
Because Bitcoin is mined on ASICs. It's not a graphics card, instead a single chip optimized for one function only: mining (by generating hashes).
GPU based mining is mostly done to mine Ether. Ether will switch to Proof of Stake somewhere in the next 1-2 years, after which the competition between gamers and miners for GPUs will end.
Re:Notice of Stolen EVGA GeForce RTX 30-Series Graphics Cards
by marktangotango on Wednesday November 03, 2021 @09:33PM
(#29102720)
That's the optimistic outcome, the pessimistic outcome is the miners will fork "eth-classic" and keep going. It's up to the reader to decide which is most likely, or both.
Re:Notice of Stolen EVGA GeForce RTX 30-Series Graphics Cards
by StillBored on Wednesday November 03, 2021 @11:59PM
(#29103562)
Or they will move to some other coin that is rising in popularity and doesn't have GPU resistance built in. The latter is something that feels like a negative these days if you want a lot of buzz about some new crypto tokens...
Re:Notice of Stolen EVGA GeForce RTX 30-Series Graphics Cards
by fleddr on Thursday November 04, 2021 @01:38PM
(#29110207)
My understanding is that miners are on board with the new Proof of Stake system of ETH 2. Holders even more, as it will reward ETH to ETH holders.
Re:Notice of Stolen EVGA GeForce RTX 30-Series Graphics Cards
by Zpalmtree on Wednesday November 03, 2021 @10:50PM
(#29103184)
You could mine bitcoin on them, but it would be so inefficient compared to ASICs which can hash many magnitudes faster, you would have an astronomically small chance of mining a block.