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May 29, 2021 01:16
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the aforementioned Joe Weisenthal posted an interview with a cloud hardware buyer today about China etc. cornering everything so they can mine coins among other things the buyer describes how everyone who mines a little bit of a coin is thereby incentivized to devote their lives to it forever quote:One of the crazy things about proof-of-work cryptocurrencies like Bitcoin and Ethereum in its current life is that the early-on mining component of it is like the greatest user-acquisition strategy in the history of the world. It's like, "Hey, you have a computer. Your computer may already have this device. If you turn it on we're going to pay you $10 a day, and that $10 is now denominated in Ethereum." And now you say, "Okay, I've got all this Ethereum. What do I do with it?" And now you as a user are now researching everything in Ethereum because you have this financial asset.
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May 29, 2021 03:28
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it's gonna be a real trip if & when someone suffers data loss because chinese chia chasers kept a cloud provider from failing over a RAID disk in time
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May 29, 2021 03:30
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Gazpacho posted:the aforementioned Joe Weisenthal posted an interview with a cloud hardware buyer today about China etc. cornering everything so they can mine coins I think that was by design. The more people using it, the harder it would be to shut down, which is the main problem it solves. Gazpacho posted:it's gonna be a real trip if & when someone suffers data loss because chinese chia chasers kept a cloud provider from failing over a RAID disk in time If your cloud provider has a competent storage architecture it shouldn't be a problem.
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May 29, 2021 03:36
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oh yeah the interview link: https://link.bloomberg.fm/BLM9782669674
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May 29, 2021 03:39
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SYSV Fanfic posted:I think that was by design. The more people using it, the harder it would be to shut down, which is the main problem it solves. Imagine if cloud storage popped up like crypto exchanges and were just as scrupulous
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May 29, 2021 06:14
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waffleimages?
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May 29, 2021 06:19
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imageshark?
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May 29, 2021 06:34
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mega?
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May 29, 2021 07:24
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i think if waffleimages had stolen pics and reposted them in an immutable ledger that would have made them own
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May 29, 2021 08:26
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The_Franz posted:the best part is that the british pork patrol clearly raided the building while not having any actual proof that it was a weed growing facility and just got lucky that some buttcoiners were pirating electricity so they could claim the moral high ground Drug Police Accidentally Shut Down Actually Harmful Thing
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May 29, 2021 08:51
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kinda incredible that they can't detect such enormous theft of electricity and it's the heat that tipped them off that something was going on
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May 29, 2021 10:09
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they only investigated the heat with a drone after they had already become suspicious because "Many people were visiting the unit at various points of the day" if the bitcorn miners just set their gpus up and left instead of tweaking them everyday they could still be stealing electricity as we speak
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May 29, 2021 10:23
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They were probably installing scalped 30 series cards day by day to stack the sats
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May 29, 2021 11:06
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Boxturret posted:you store the energy in the bitcoins until you need it then you can insert the bitcoins into an electronic device and power it Energy is stored in the balls 
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May 29, 2021 19:57
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Potrzebie posted:Energy is stored in the butt
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May 29, 2021 20:54
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text me
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May 29, 2021 23:04
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The_Franz posted:the uk in general has a smug sense of superiority about wiring practices that are correctly seen as dangerous and thus illegal everywhere else yeah coiners everywhere else in the world wire up their buttminers really well, like professionals. only in the uk would you see badly wired bitcoin farms
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May 29, 2021 23:07
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bitconneeeeeeeeeeeeeeeeeeeeeect
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May 29, 2021 23:10
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brb writing a tv pilot a la breaking bad about an electrician who helps criminals steal electricity but it's always up to code
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May 29, 2021 23:41
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"I am the one who doesn't break code"
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May 29, 2021 23:48
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Time to mine some butts!
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May 30, 2021 00:09
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https://www.youtube.com/watch?v=eJ2qBlrW9vw
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May 30, 2021 00:21
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lol'd when I got to not a pyramid scheme.jpg 
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May 30, 2021 02:14
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May 30, 2021 02:18
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https://i.imgur.com/ZkxiUKZ.mp4
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May 30, 2021 12:37
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yoink
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May 30, 2021 12:49
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https://ia.acs.org.au/article/2020/microsoft-will-mine-bitcoin-with-your-brain.html
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May 30, 2021 14:48
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It's the same patent that the anti-vax nutters think is about mind control microchips.
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May 30, 2021 14:55
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Henry Rollins: what mines NAScoin? This mines NAS! This mines NAS!
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May 30, 2021 15:15
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Alan Smithee posted:Henry Rollins: what mines NAScoin? This mines NAS! This mines NAS!
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May 30, 2021 15:25
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hyperbitcoinization is a beautiful process
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May 30, 2021 17:14
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All hail the new butt.
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May 30, 2021 17:25
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the makers of the saw films are into bitcoin now?
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May 30, 2021 19:04
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https://twitter.com/Pinboard/status/1399058952336277505
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May 30, 2021 23:59
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idk that seems like a pretty good benefit to me
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May 31, 2021 00:22
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May 31, 2021 00:26
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https://twitter.com/jorgestolfi/status/1399142264262348800
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May 31, 2021 00:42
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Except beanie baby collecting at least started as legit. All the initial massive NFT "sales" had the same buyer and seller.
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May 31, 2021 01:09
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Boxturret posted:idk that seems like a pretty good benefit to me
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May 31, 2021 01:26
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