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Using AI to make PoW cryptocurrency

  1. 2024-07-12 at 4:04 AM UTC
    #1
    the man who put it in my hood Black Hole [miraculously counterclaim my golf]
    this is a good idea

  2. 2024-07-12 at 5:24 AM UTC
    #2
    Lanny Lanny African Astronaut
    Shut up. We're tired of your stupid charts and stat reports
  3. 2024-07-12 at 7:40 AM UTC
    #3
    ner vegas African Astronaut
    using PoWs' manual labour to power crypto mining farms
    The following users say it would be alright if the author of this post didn't die in a fire!
  4. 2024-07-12 at 2:02 PM UTC
    #4
    the man who put it in my hood Black Hole [miraculously counterclaim my golf]
    just design the coins to use 1/100th of the electricity, problem solved. THe US Government can stop developing power grid software to detect bitcoin mining farms "unfairly using the grid" now
  5. 2024-07-12 at 3:24 PM UTC
    #5
    Charles Ex Machina African Astronaut
    Originally posted by ner vegas using PoWs' manual labour to power crypto mining farms

    why not mine actual minerals
  6. 2024-07-12 at 3:30 PM UTC
    #6
    the man who put it in my hood Black Hole [miraculously counterclaim my golf]
    Originally posted by Charles Ex Machina why not mine actual minerals

    and then use them to make integrated circuits and CPU's to use to mine PoW cryptocurrency

  7. 2024-07-12 at 3:47 PM UTC
    #7
    Charles Ex Machina African Astronaut
    Originally posted by the man who put it in my hood and then use them to make integrated circuits and CPU's to use to mine PoW cryptocurrency


    whoever made this dont know what money is
    The following users say it would be alright if the author of this post didn't die in a fire!
  8. 2024-07-12 at 4:11 PM UTC
    #8
    the man who put it in my hood Black Hole [miraculously counterclaim my golf]
    plastic cards are what about 75% of people consider to be "money"

    as much as I like crypto the common view amongst the market is that money is not a physical coin or cash or token proved by work but instead an imaginary floating digit supported by a financial institution.

    Are they foolish for having full trust in this system and never imagine a scenario where they try to withdraw their "millions in life savings" only to be told there is "no money left" ? perhaps. But I believe the market is also correct. If the arrows were weighted I think the arrow between plastic cards and electronic money would be 100x larger than any arrow, that's really the only arrow that matters. That arrow represents nearly all global finance.

    I think the real argument of economic theory is in which way these arrows should be balanced and by which mechanisms
  9. 2024-07-13 at 1:03 AM UTC
    #9
    Charles Ex Machina African Astronaut
    Originally posted by the man who put it in my hood plastic cards are what about 75% of people consider to be "money"

    as much as I like crypto the common view amongst the market is that money is not a physical coin or cash or token proved by work but instead an imaginary floating digit supported by a financial institution.

    Are they foolish for having full trust in this system and never imagine a scenario where they try to withdraw their "millions in life savings" only to be told there is "no money left" ? perhaps. But I believe the market is also correct. If the arrows were weighted I think the arrow between plastic cards and electronic money would be 100x larger than any arrow, that's really the only arrow that matters. That arrow represents nearly all global finance.

    I think the real argument of economic theory is in which way these arrows should be balanced and by which mechanisms

    more than 75% of the population dont know what money is.
  10. 2024-07-13 at 2:42 AM UTC
    #10
    Lanny Lanny African Astronaut
    Originally posted by the man who put it in my hood and then use them to make integrated circuits and CPU's to use to mine PoW cryptocurrency

    you need like a super computer that cost like 10-50k from what Im told. a basic bitch home computer takes too long to process
  11. 2024-07-13 at 3:07 AM UTC
    #11
    the man who put it in my hood Black Hole [miraculously counterclaim my golf]
    YOu used to be able to mine bitcoin off a USB




    a setup like this would still work perfectly fine for a low network hash coin like DGB
  12. 2024-07-13 at 3:10 AM UTC
    #12
    Lanny Lanny African Astronaut
    I don't understand how this works.

    is there a Mine4Dummies tutorial video somewhere?
  13. 2024-07-13 at 3:35 AM UTC
    #13
    the man who put it in my hood Black Hole [miraculously counterclaim my golf]
    All PoW crypto generally works the same. Having dedicated hardware is really the best way to do it, even a spare old computer works fine.
    If you can get a decent ASIC to run you might hit a block. On a low cap coin you might be able to get a monthly income for very little electricity use



    with something like an s9 bitmain miner you can maybe make $1/day for a $4000 machine
    https://www.asicminervalue.com/miners/bitmain/antminer-s9-14th

    but if you had the same power for something like DOGE you would make a lot more. But DOGE is ASIC mining only so people don't develop $4000 specialized mining machines its a more distributed mining pool and hence "more fair" which is how LTC, XMR and DOGE work. People still make money mining those coins

    the real profit of smaller networks is running mining pools and network nodes which give you a % cut of every transaction which uses your node which gives incentive to people to build robust tolerant resistant networks dedicated to the network specifically

    https://nownodes.io/blog/how-to-run-monero-node/

    PoW cryto creates an endless demand for network developers and programmers and people that build servers and develop technology.
    https://www.web3isgoinggreat.com/?id=monero-community-wallet-hack

    November 1, 2023

    Monero discloses that its community crowdfunding wallet was drained
    An orange and grey circle with a white M in the middle(attribution)
    Monero's Community Crowdfunding System (CCS) funds projects that aim to improve the ecosystem of Monero, a privacycoin. The CCS is funded by donations, and up until September 1, 2023, held a balance of 2675.73 XMR (~$460,000). Two months after the fact, "Luigi" (a Monero developer and one of the two people with access to the wallet seed phrase) disclosed on Github that the wallet had been drained entirely. According to Luigi, he only discovered this a month after the theft.

    The other person with access to the wallet is a former Monero developer named "fluffypony", or Ricardo Spagni. He surrendered to US authorities in July 2023 for extradition to South Africa, where he has been charged with invoice fraud against a cookie company (think chocolate chip, not software). However, he was released in late September, and has been working to "address this matter" while free but under court supervision.
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