smellmycheese posted:

Lol

https://twitter.com/boxbrown/status/1389167966164488193

Ccs posted:

Wow this might actually be the worst person...

killhamster posted:

xtal posted:

Shout out to the goon in this thread who has spent at least 50 dollars on custom titles for me lol

Doctor_Fruitbat posted:

Destroying as in physically wrecking it, or just wasting a colossal amount of space for a return period that will outstrip the amount of time you are expecting to keep the drive for in the first place?

Paladinus posted:

When I punched a random person in the face, I was just initiating a discussion about violence and the societal prerequisites for it. It's a makes you think kind of thing, you know.

quote:

Most remarkable, however, is the IRS’s account of tracking down Sterlingov using the very same sort of blockchain analysis that his own service was meant to defeat. The complaint outlines how Sterlingov allegedly paid for the server hosting of Bitcoin Fog at one point in 2011 using the now-defunct digital currency Liberty Reserve. It goes on to show the blockchain evidence that identifies Sterlingov’s purchase of that Liberty Reserve currency with bitcoins: He first exchanged euros for the bitcoins on the early cryptocurrency exchange Mt. Gox, then moved those bitcoins through several subsequent addresses, and finally traded them on another currency exchange for the Liberty Reserve funds he’d use to set up Bitcoin Fog’s domain.

Based on tracing those financial transactions, the IRS says, it then identified Mt. Gox accounts that used Sterlingov’s home address and phone number, and even a Google account that included a Russian-language document on its Google Drive offering instructions for how to obscure Bitcoin payments. That document described exactly the steps Sterlingov allegedly took to buy the Liberty Reserve funds he’d used.

Collateral Damage posted:

Mad Dragon posted:

Is this a parody site, like The Onion or Babylon Bee?

repiv posted:

https://twitter.com/tlbtlbtlb/status/1388926766920605698

Doctor_Fruitbat posted:

Destroying as in physically wrecking it, or just wasting a colossal amount of space for a return period that will outstrip the amount of time you are expecting to keep the drive for in the first place?

Relevant Tangent posted:

You mean the best. Right clicking save as to resell all posts as nfts

Beef posted:

Random Stranger posted:

I've been wondering that since it should be trivial to generate NFTs, why someone hasn't opened the floodgates and set things up to let anyone make NFTs for anything from their own computers. Really get the stupidity flowing.

CaptainSarcastic posted:

It costs money to "mint" an NFT, in the sense that it requires some expenditure of ethereum, I believe. If you don't already have some of the right kind of Dunning-Krugerrands then you would actually have to use real money to do it.

NecroBob posted:

You say this as if cryptocurrency people aren't dumb as gently caress and won't blow thousands of dollars for a 0.0001% better chance of winning chia shavings.

Random Stranger posted:

But that's an arbitrary restriction solely to funnel money into a few pockets as far as U can tell. There's nothing stopping anyone from inserting "X person owns Y" into the blockchain.

NecroBob posted:

You say this as if cryptocurrency people aren't dumb as gently caress and won't blow thousands of dollars for a 0.0001% better chance of winning chia shavings.

blunt posted:

Transaction fees.

repiv posted:

hell there's already specialized chia mining hardware in production, like this motherboard with a 32-way SATA backplane built in



the chia network is up to 1.7 million TB already, i wonder how much of that is from purpose-built mining operations

Random Stranger posted:

I've been wondering that since it should be trivial to generate NFTs, why someone hasn't opened the floodgates and set things up to let anyone make NFTs for anything from their own computers. Really get the stupidity flowing.

Beef posted:

What the actual gently caress.

Well, I'm hoping all those drivers are going to end up on the second hand market, I could use some more cheap backup space.

Beef posted:

Both. My take is that it make sense to do it on a small scale at home for space you already have left over, but never to go out and actually buy hardware for it.

Effort post: There are two parts to chia mining, creating the plot and farming it.

Creating a plot involves writing hashes to about 2x the plot size, then sorting those for fast lookup. That creates a ton of read/writes, which eats away at the drive durability. It's a lot faster to do that on an SSD. Consumer SSDs aren't really made for that kind of sustained work. The reported run for enterprise SSDs is likely because of miners wanting to quickly create a lot of plots. Or they expect that there will be demand for plot creation services.

ChronoBasher posted:

Can confirm - I plotted for about 2 weeks on a brand new NVMe drive, this is what happened:


Chia transactions went live today, price on the market has been all over the place, but seems to be bouncing between 500 and 800 a coin right now. I feel like if this holds SSDs and high capacity HDDs (like 8TB+) are going to continue to spike. The net space growth is crazy too, so to even stand a shot at hitting a solo block you need to be plotting faster then the growth of the netspace. I've stopped plotting because I can no longer keep up. The Bittorrent guy behind all this said on the live stream this morning that anyone with less then 200TB today should probably just wait for pools (which currently don't exist in a legitimate form).

Hammerite posted:

gently caress cryptocurrency

how would pools work with this one then? if someone wants to switch to a different pool do they have to recalculate all of their plots or fields or pastures or whatever the stupid loving things are called

human garbage bag posted:

bitcoin crashing won't crash the real economy no matter how big it gets because world governments would just reverse fiat transactions to bring bank account balances to reasonable levels. the reason the 1929 crash had such a devastating effect on the real economy was because the world governments said "nuh uh, half the population has to starve now, those are the rules of money" and forced farmers to destroy crops.

Nessus posted:

So does Chia claim to accomplish anything at all other than "here's a new coin, but you mine it with hard drives, not graphics cards!" Like Bitcoin is full of poo poo but I'm old enough to remember when there were some visions etc. and it had practical utility in that you could use it to buy weasel dust.

A lot of this poo poo is going to evaporate when people can go on trips again.
I think the unstated idea for a lot of this is that they see the economy as basically zero-sum, so if they are hodling the coins and everything else collapses, their relative position will dramatically increase and a huge swath of economic power will come to them. I should probably put "idea" in quotes, but it seems to be the underlying reasoning if you're ~engaging with the technology~ as opposed to just riding a trend bubble.

Nessus posted:

So does Chia claim to accomplish anything at all other than "here's a new coin, but you mine it with hard drives, not graphics cards!" Like Bitcoin is full of poo poo but I'm old enough to remember when there were some visions etc. and it had practical utility in that you could use it to buy weasel dust.