CPU

identicalBadger

I have a friend who mines Bitcoin with this CPU and used the proceeds to buy coffee from a roaster that accepted it back then. That roaster is probably ungodly rich at this point

Septem_151

To put into perspective, I’ve been running a full node over Tor + Lightning network on a raspberry pi 4 for god knows how many years now. I’ve got an external SSD for it, one of the better ones I could find. It’s definitely slow still. Using it as the backing node for a lightning wallet proved next to unusable, as the transaction will time out after 30~ seconds and you’ve got to scan like 3 extra times before it decides that this time it’s going to dedicate just a little extra CPU to the LND process instead. Basically, is it possible to run nodes on low end hardware nowadays? Yes. Should you expect speed? Absolutely not, you’re going to be pushing that pi to its limits with just bitcoind and Tor.

monerobull

Oh you really don't want to mine Monero using GPUs, RandomX is specifically designed with the goal of CPU mining being the most efficient way. Trying to GPU mine Monero with GPUs is similar to trying to GPU mine Bitcoin but instead of special hardware destroying your profitability it's regular old CPUs.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by Chysce. > Dogecoin was [launched in 2013](https://en.wikipedia.org/wiki/Dogecoin#:~:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%. > > Like Bitcoin Dogecoin uses the proof-of-work to validate transactions. Doge is merge mined at the same time with litecoin. There are [speculations](https://cointelegraph.com/news/rumor-has-it-that-dogecoin-could-shift-to-proof-of-stake-what-does-that-mean-for-miners) that Doge will switch to Proof of Stake soon but there is no definitive news on this as of yet. > > **>> Doge has no intrinsic value** > > In the very essence Doge has no value. Apart from [sporadic use](https://coingate.com/blog/post/doge-support-much-wow) for online tipping or as a means of payment for some businesses, it does not have a unique use case or solve any real-world problems. Its value is solely based on its popularity. While this can produce exciting short-term gains it is not a viable strategy for long-term investing. > > **>> High Volatility** > > The price of Doge is highly volatile, making it a risky investment. It's price is mostly driven by the Elon Musk's tweets and memes. Nowadays there are even bots that market buy Doge whenever Elon tweets something about it. These pumps are short lived and can cause a big spike in liquidations for unprepared investors. Elon Musk also appears to have distanced himself from Dogecoin in recent times. He did not include Dogecoin as a payment option for Twitter, and he also [tweeted](https://twitter.com/elonmusk/status/1631720134636367872?lang=en) that he is more interested in AI than crypto as of late. > > **>> Unlimited supply** > > Unlike Bitcoin, Dogecoin has no hard cap [no hard cap](https://www.sofi.com/learn/content/will-dogecoin-ever-be-capped/) on the total supply, which means it could potentially be inflated indefinitely. It's current supply increase is [\~4% per year](https://www.analyticsinsight.net/heres-what-you-need-to-know-about-dogecoin-inflation/#:~:text=For%20anyone%20buying%20Dogecoin%20to,4%25%20in%20price%20each%20year). > > \>> **Lack of Development and future narratives** > > Dogecoin has a relatively small development team, and the project has not seen significant updates or improvements in recent years. Additionally very few people run full nodes. Finally there is no clear long-term narrative that could cause its wide adoption > > \>> **Security** > > Dogecoin's mining algorithm is less secure than others, making it more susceptible to 51% attacks. Doge uses a different mining algorithm than Bitcoin, called [Scrypt](https://learn.bybit.com/altcoins/how-to-mine-dogecoin/), which is generally considered less secure than Bitcoin's SHA-256 algorithm. [Scrypt was designed to be more memory-intensive](https://cryptobook.nakov.com/mac-and-key-derivation/scrypt), making it harder for ASIC miners to dominate the network and creating a more level playing field for CPU and GPU miners. However, this also makes it easier for attackers to launch 51% attacks. > > On top of that Doge has a much smaller mining community and less overall network hash rate than Bitcoin. This means that it could be more vulnerable to attacks from miners who control a large portion of the network's hashrate. > > And finally Doge's unlimited supply means that there is less of an incentive for miners to secure the network. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

Peach-555

Specialized crypto mining hardware can't do anything but mine crypto. Bitcoin ASIC miners crunch SHA256 hashes, that's it. Even crypto GPUs will be useless for a lot of stuff that regular GPUs are good at, there probably won't be any optix or video encoding on a Nvidia mining GPU. But even if ASICs could do blender, they would be still be better at mining. It would be better to mine BTC and then spend that BTC to pay for a render farm to render the video. Berkeley used Bitcoin mining in the distributed computing for science program BOINC, but it was just mining Bitcoin then donating that Bitcoin. The most cost effective way of rendering fast is probably something like Sheepit, where people use their idle CPU/GPU power to render the frames of others animations for credits, which can be spent to have others render in return. Instead of waiting 3 days to render 30 minute video, upload a blender file with the frames and have 30 other people do it in hours. The only cost is the electricity of others frames to get credit, otherwise free.

I_am_not_doing_this

I am thinking of doing master in computer graphics because CPU stuff is demanding during this AI but also in Cryptocurrency

CointestMod

#TRON Con-Arguments Below is a TRON con-argument written by CreepToeCurrentSea. > TRON is a decentralized, open-source blockchain-based operating system with smart contract functionality, a proof-of-stake consensus algorithm, and its own cryptocurrency, Tronix (TRX). Justin Sun founded it in March 2014, and it has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore founded the same year. It began as an Ethereum-based ERC-20 token before migrating to its own blockchain in 2018. > > # CONS > > **Whitepaper Plagiarism** > > In January 2018, Tron's developers were accused of plagiarism after many sections of the Tron whitepaper appeared nearly identical to IPFS and Filecoin technical documentation. IPFS is an acronym for InterPlanetary File System. Juan Benet, CEO of Protocol Labs, which develops IFPS tools and services, revealed on Twitter in early January 2018 that Tron's whitepaper authors did not properly cite references and that the document was "mostly copied" from other projects. Even the equations and formulas mentioned in the first version of Tron's whitepaper were identical to those found in IPFS documentation. Sun claimed to have a "very detailed" reference to the most recent Chinese version of the Tron whitepaper. He also claimed that the Tron paper was translated into other languages by volunteers who may have overlooked important details. Just as Vitalik had also sarcastically said in twitter regarding the teams copy-pasting abilities, this just goes to show how un-genuine their team appears even making the most basic of mistakes. > > **Question of Vulnerability** > > A barrage of requests sent by a single PC could be used to squeeze the power of the blockchain's CPU, overload the memory, and perform a distributed denial-of-service (DDoS) attack, according to HackerOne. "Using a single machine, an attacker could send DDOS attack to all or 51 percent of the Super Representative (SR) node and render Tron network unusable or unavailable," the claim goes. While TRON is somewhat better in marketing compared to other cryptocurrencies, it falls short on one of the most important pillars for an effective one, that of which is security. To hinder a blockchain with just one computer is the polar opposite of what you want a cryptocurrency to be. > > **Un-Stablecoin** > > TRON's native stablecoin "USDD" de-pegged to the US dollar earlier this year, falling to as low as 91 cents. Its design is uncannily similar to Terra's stablecoin, UST, which lost its price peg and imploded a month ago, wiping out $40 billion in market value. If it continues to follow UST's path considering how similar they are in function and structure, one could assume they also have a ticking algorithmic time bomb in the making. > > **Final Thoughts** > > It seems that TRON has a knack for idolizing (to the point of almost copying their work) other projects both in and out of the crypto-sphere. What I do hope is that they also know what not absorb. Else, they have nothing but a mushed up bowl of their favorite things and just decided it would stick together with glue and duct tape. > > Sources: > > [https://en.wikipedia.org/wiki/Tron\_(cryptocurrency)](https://en.wikipedia.org/wiki/Tron_(cryptocurrency)) > > [https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/](https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/) > > [https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal](https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal) > > [https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/](https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/) > > [https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/](https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

002_timmy

Disagree with the legal intervention but also nicehash is a net loss investment when used for CPU mining of Bitcoin

oboshoe

Yup. Satoshi booted the system on a handful of 2009 era computers doing cpu mining. The whole system could easily scale back down to that. I've done CPU mining on the Bitcoin test network. It was fun as hell watching my laptop solve blocks rapidly. Didn't take long to mine a few hundred test-net bitcoins. Not that they have any value.

bvandepol

I did between 0.1 and 0.5 BTC a day at some point when I switched over from CPU to one of the first ASIC miners (Butterfly Labs Jalapeno)

CointestMod

#TRON Con-Arguments Below is a TRON con-argument written by CreepToeCurrentSea. > TRON is a decentralized, open-source blockchain-based operating system with smart contract functionality, a proof-of-stake consensus algorithm, and its own cryptocurrency, Tronix (TRX). Justin Sun founded it in March 2014, and it has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore founded the same year. It began as an Ethereum-based ERC-20 token before migrating to its own blockchain in 2018. > > # CONS > > **Whitepaper Plagiarism** > > In January 2018, Tron's developers were accused of plagiarism after many sections of the Tron whitepaper appeared nearly identical to IPFS and Filecoin technical documentation. IPFS is an acronym for InterPlanetary File System. Juan Benet, CEO of Protocol Labs, which develops IFPS tools and services, revealed on Twitter in early January 2018 that Tron's whitepaper authors did not properly cite references and that the document was "mostly copied" from other projects. Even the equations and formulas mentioned in the first version of Tron's whitepaper were identical to those found in IPFS documentation. Sun claimed to have a "very detailed" reference to the most recent Chinese version of the Tron whitepaper. He also claimed that the Tron paper was translated into other languages by volunteers who may have overlooked important details. Just as Vitalik had also sarcastically said in twitter regarding the teams copy-pasting abilities, this just goes to show how un-genuine their team appears even making the most basic of mistakes. > > **Question of Vulnerability** > > A barrage of requests sent by a single PC could be used to squeeze the power of the blockchain's CPU, overload the memory, and perform a distributed denial-of-service (DDoS) attack, according to HackerOne. "Using a single machine, an attacker could send DDOS attack to all or 51 percent of the Super Representative (SR) node and render Tron network unusable or unavailable," the claim goes. While TRON is somewhat better in marketing compared to other cryptocurrencies, it falls short on one of the most important pillars for an effective one, that of which is security. To hinder a blockchain with just one computer is the polar opposite of what you want a cryptocurrency to be. > > **Un-Stablecoin** > > TRON's native stablecoin "USDD" de-pegged to the US dollar earlier this year, falling to as low as 91 cents. Its design is uncannily similar to Terra's stablecoin, UST, which lost its price peg and imploded a month ago, wiping out $40 billion in market value. If it continues to follow UST's path considering how similar they are in function and structure, one could assume they also have a ticking algorithmic time bomb in the making. > > **Final Thoughts** > > It seems that TRON has a knack for idolizing (to the point of almost copying their work) other projects both in and out of the crypto-sphere. What I do hope is that they also know what not absorb. Else, they have nothing but a mushed up bowl of their favorite things and just decided it would stick together with glue and duct tape. > > Sources: > > [https://en.wikipedia.org/wiki/Tron\_(cryptocurrency)](https://en.wikipedia.org/wiki/Tron_(cryptocurrency)) > > [https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/](https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/) > > [https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal](https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal) > > [https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/](https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/) > > [https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/](https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

strongboy54

Yeah you're absolutely right. The server has 64 GB RAM, CPU is AMD 5700G, 5 HDDs in RAID 6, not sure about IO speeds, but last test I did transferring 2 TB from 1 VM to another(Not over LAN), it maintained full network speed (1gbps) throughout the transfer. I'd assume that means it's more than good enough. I guess I'll also have to do the same and just run it in docker and individually manage each node.

CointestMod

#TRON Con-Arguments Below is a TRON con-argument written by CreepToeCurrentSea. > TRON is a decentralized, open-source blockchain-based operating system with smart contract functionality, a proof-of-stake consensus algorithm, and its own cryptocurrency, Tronix (TRX). Justin Sun founded it in March 2014, and it has been overseen and supervised by the TRON Foundation, a non-profit organization in Singapore founded the same year. It began as an Ethereum-based ERC-20 token before migrating to its own blockchain in 2018. > > # CONS > > **Whitepaper Plagiarism** > > In January 2018, Tron's developers were accused of plagiarism after many sections of the Tron whitepaper appeared nearly identical to IPFS and Filecoin technical documentation. IPFS is an acronym for InterPlanetary File System. Juan Benet, CEO of Protocol Labs, which develops IFPS tools and services, revealed on Twitter in early January 2018 that Tron's whitepaper authors did not properly cite references and that the document was "mostly copied" from other projects. Even the equations and formulas mentioned in the first version of Tron's whitepaper were identical to those found in IPFS documentation. Sun claimed to have a "very detailed" reference to the most recent Chinese version of the Tron whitepaper. He also claimed that the Tron paper was translated into other languages by volunteers who may have overlooked important details. Just as Vitalik had also sarcastically said in twitter regarding the teams copy-pasting abilities, this just goes to show how un-genuine their team appears even making the most basic of mistakes. > > **Question of Vulnerability** > > A barrage of requests sent by a single PC could be used to squeeze the power of the blockchain's CPU, overload the memory, and perform a distributed denial-of-service (DDoS) attack, according to HackerOne. "Using a single machine, an attacker could send DDOS attack to all or 51 percent of the Super Representative (SR) node and render Tron network unusable or unavailable," the claim goes. While TRON is somewhat better in marketing compared to other cryptocurrencies, it falls short on one of the most important pillars for an effective one, that of which is security. To hinder a blockchain with just one computer is the polar opposite of what you want a cryptocurrency to be. > > **Un-Stablecoin** > > TRON's native stablecoin "USDD" de-pegged to the US dollar earlier this year, falling to as low as 91 cents. Its design is uncannily similar to Terra's stablecoin, UST, which lost its price peg and imploded a month ago, wiping out $40 billion in market value. If it continues to follow UST's path considering how similar they are in function and structure, one could assume they also have a ticking algorithmic time bomb in the making. > > **Final Thoughts** > > It seems that TRON has a knack for idolizing (to the point of almost copying their work) other projects both in and out of the crypto-sphere. What I do hope is that they also know what not absorb. Else, they have nothing but a mushed up bowl of their favorite things and just decided it would stick together with glue and duct tape. > > Sources: > > [https://en.wikipedia.org/wiki/Tron\_(cryptocurrency)](https://en.wikipedia.org/wiki/Tron_(cryptocurrency)) > > [https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/](https://cryptoslate.com/justin-suns-controversies-plagiarism-teslas-warren-buffett-kidney-stones-and-a-deleted-apology/) > > [https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal](https://www.inverse.com/article/40050-tron-trx-cryptocurrency-plagiarism-scandal) > > [https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/](https://www.zdnet.com/article/tron-critical-security-flaw-could-break-the-entire-blockchain/) > > [https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/](https://fortune.com/2022/06/13/algorithmic-stablecoin-usdd-loses-peg-justin-sun-tron-decentralized-usd/) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_tron) to find submissions for other topics.

Virgine

You know running node takes a lot of network bandwith, CPU, RAM, disk space and disk bandwidth? What are the specs of your server? You Will need a very robust one to run multiple chain nodes. For your question, i use docker as well, i dont know software that manages multiple chains

ElGuano

I suspect "haven't moved for 10 years" isn't a great overlap with "mined and never moved." And in the <10 year column, I would think we see a lot fewer lost wallets that fall into that latter category, compared to the pioneer days of CPU/GPU mining.

Geolinear

The development of AI chips does not require cutting edge technology like EUV(extreme ultraviolet) tools. This is what we see in high-end cars and the most advanced GPU or CPU. China has likely been scaling this production and factory up for quite some time, but this is the first we are hearing publicly.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by Chysce. > Dogecoin was [launched in 2013](https://en.wikipedia.org/wiki/Dogecoin#:~:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%. > > Like Bitcoin Dogecoin uses the proof-of-work to validate transactions. Doge is merge mined at the same time with litecoin. There are [speculations](https://cointelegraph.com/news/rumor-has-it-that-dogecoin-could-shift-to-proof-of-stake-what-does-that-mean-for-miners) that Doge will switch to Proof of Stake soon but there is no definitive news on this as of yet. > > **>> Doge has no intrinsic value** > > In the very essence Doge has no value. Apart from [sporadic use](https://coingate.com/blog/post/doge-support-much-wow) for online tipping or as a means of payment for some businesses, it does not have a unique use case or solve any real-world problems. Its value is solely based on its popularity. While this can produce exciting short-term gains it is not a viable strategy for long-term investing. > > **>> High Volatility** > > The price of Doge is highly volatile, making it a risky investment. It's price is mostly driven by the Elon Musk's tweets and memes. Nowadays there are even bots that market buy Doge whenever Elon tweets something about it. These pumps are short lived and can cause a big spike in liquidations for unprepared investors. Elon Musk also appears to have distanced himself from Dogecoin in recent times. He did not include Dogecoin as a payment option for Twitter, and he also [tweeted](https://twitter.com/elonmusk/status/1631720134636367872?lang=en) that he is more interested in AI than crypto as of late. > > **>> Unlimited supply** > > Unlike Bitcoin, Dogecoin has no hard cap [no hard cap](https://www.sofi.com/learn/content/will-dogecoin-ever-be-capped/) on the total supply, which means it could potentially be inflated indefinitely. It's current supply increase is [\~4% per year](https://www.analyticsinsight.net/heres-what-you-need-to-know-about-dogecoin-inflation/#:~:text=For%20anyone%20buying%20Dogecoin%20to,4%25%20in%20price%20each%20year). > > \>> **Lack of Development and future narratives** > > Dogecoin has a relatively small development team, and the project has not seen significant updates or improvements in recent years. Additionally very few people run full nodes. Finally there is no clear long-term narrative that could cause its wide adoption > > \>> **Security** > > Dogecoin's mining algorithm is less secure than others, making it more susceptible to 51% attacks. Doge uses a different mining algorithm than Bitcoin, called [Scrypt](https://learn.bybit.com/altcoins/how-to-mine-dogecoin/), which is generally considered less secure than Bitcoin's SHA-256 algorithm. [Scrypt was designed to be more memory-intensive](https://cryptobook.nakov.com/mac-and-key-derivation/scrypt), making it harder for ASIC miners to dominate the network and creating a more level playing field for CPU and GPU miners. However, this also makes it easier for attackers to launch 51% attacks. > > On top of that Doge has a much smaller mining community and less overall network hash rate than Bitcoin. This means that it could be more vulnerable to attacks from miners who control a large portion of the network's hashrate. > > And finally Doge's unlimited supply means that there is less of an incentive for miners to secure the network. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

Capt_Roger_Murdock

I mostly agree with that, but I wouldn’t underestimate just how much influence miners collectively have. A hash rate majority can make a desired protocol change as a “soft fork” which effectively includes a built-in “51% attack” against anyone wishing to remain behind on the prior ruleset. In that case, a disgruntled minority must coordinate a counterfork if they wish to avoid being swept along by the change, which is no small feat. Even if a chain split does occur creating separately-tradeable assets, the most-PoW chain is a very strong Schelling point for the market to converge on. I’m not aware of any chain split in which the initial hash rate minority side subsequently overtook the initial hash rate majority side to become the dominant / most-PoW chain. Let’s not forget that proof of work is THE fundamental consensus mechanism described in the Satoshi whitepaper, which ends with the following two sentences: >They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism.

DoragonMaster1893

Was preparing to throw away an old laptop, but thinking better and consider it has decent specs (i7 CPU, 16GB RAM, 1TB SSD), why not use it as playground for some stuff, including crypto. What should I run that is not that intensive in terms of resources and it's relatively easy to setup? Note that I don't plan to have this machine up 24/7. just want to play with the tech.

leeharrison1984

I remember doing CPU and GPU mining way back in 2012. Probably had a coin and a half due to being part of a pool. That hard drive was certainly formatted and living in a trash heap since then.

Peach-555

You probably never mine a block solo mining, but you are 100% guaranteed never contribute enough hash to a pool to get the minimum payout with a CPU. You can run a full node no problem if you want to of course. That's ideal use case, you just need to set aside a 1TB drive and some bandwidth.

AndMetal

Hard to say for sure. Bitcoin was effectively ASIC only in 2018 (when I started mining other crypto w/ GPUs), I think S9's were the prevalent Bitcoin miner doing 14 Th (14 trillion hashes every second). Unless this supercomputer had special ability to calculate SHA256 hashes, it's going to be relatively slow at hashing. While it may be accelerated by special hardware on the CPU, something like an i7 3930k can do around 66.6 Mh/s and is around 230 Gigaflops. So this supercomputer, in theory, would be about 4,350x the computing power, so maybe ~289 Gh/s or about 1/20th of a single ASIC. So maybe a few bucks depending on when they started and stopped.

slutfarming

Statistically it would be a better "investment" to spend $1000 on powerball tickets than $1000 on a new PC build for mining bitcoin **(mining with a CPU)**. Bitcoin miners that are mining for profit are not using CPUs to mine. They are using ASICs. They also have access to cheap electricity.

MericaGuy

Monero seems like a good option, though i think they're more set up for CPU mining than GPU, but if you got a gaming rig the CPU should be more than sufficient.

BidPsychological4960

I'm already mining XMR on CPU, but this will be a great addition because Monero doesn't like GPUs.

Crypto__Sapien

That's an interesting analogy! Mining bitcoin on an average consumer PC is indeed a bit like buying a lottery ticket, though not quite as extreme odds. The chances of successfully mining a block on the Bitcoin network with just an Intel i9 PC are astronomically low. Here's a rough probability estimate: The current Bitcoin network hash rate is around 200 exahashes per second (200,000,000,000,000,000,000 hashes per second) A top-end Intel i9 CPU can maybe do 100 hashes per second if optimized for mining So your hash rate would be 1 in 2,000,000,000,000,000,000 (2 quintillion) of the network hash rate Bitcoin blocks are found on average every 10 minutes, or 6 per hour So your odds of finding a block in any given hour would be about 1 in 333 billion You would expect to mine a block approximately once every 1,999,999,999 hours on average That's about 228,000 years! So while not quite lottery odds, it's still incredibly unlikely to mine a Bitcoin block with just a consumer PC. You'd essentially need to get extremely lucky. Specialized ASIC miners have made Bitcoin mining at scale infeasible for average PCs. Of course, you can potentially mine other cryptocurrencies where mining is still feasible on PCs. But Bitcoin mining specifically now requires massive, dedicated rigs to be competitive. A single home PC is basically like buying a lottery ticket.

drunkenmugsy

The chance of CPU mining a block today is less than not buying a lottery ticket and expecting to win.

Self_Blumpkin

You don’t want to mine bitcoin with a CPU or GPU. Not since like 2013 when ASICs hit the market. Now buying an ASIC capable of 190 TH/s and just running one of those is a viable lottery ticket option. Mine on Kano’s solo pool. You just need to be able to power it (like 3500W) and you would need to make sure it’s not ruining your life with all the noise it makes. Maybe make a small submersion cooling tub? In 2017 I had 19 S9s mining. One of them solved a block. I literally fell over when I realized I solved a block. My solve was double the current difficulty at 7 trillion. It was on Kano’s pool so I got a nice bonus but it wasn’t solo pool. I sure a shit wish it was though.

Peach-555

For CPU mining, yes. A 14 TH/s antminer S9 gets 3082 satoshi per day That's a 1300 watt specialized machine, I don't know exactly how much more it mines than a i9, but I wager more than 3000 times more. Even a S9 will on average mine one block every 555 years at the current difficulty. 6.25 BTC per block 100,000,000 Satoshi per BTC 625,000,000 Satoshi per block 3082 Satoshi per day of S9 mining 202,790 days / 365 days 555 Years The current hashrate is \~400,000,000,000,000,000,000 hashes per second.

gvictor808

There are some USB miners and such that would be better for this. Or an old miner off eBay? Intel CPU worst choice for the actual computation.

DeconstructedBacon

Buy an S9 for 150$ for a much higher chance. CPU mining does very little these days.

SmoothGoing

The chances of winning big lottery is 1 in 300 million. Chances of CPU miner winning "only" about $165,000 are much much much worse. Statistically it would be a better "investment" to spend $1000 on powerball tickets than $1000 on a new PC build for mining bitcoin. Both options are silly though.

johnnyb0083

Been thinking about mining it but I haven't touched it yet, seems like a good option to mine Monero on a CPU and mine another GPU type coin on the same PC.

Objective_Digit

> Monero is everything crypto strives to be in regards to privacy and decentralization, it also is pretty ASIC resistant Who says "crypto" is about privacy? It's not decentralised as most of is in the hands of its creators and it keeps hard forking (a bad sign). ASIC mining is FUD. The big boys will always dominate mining regardless of the CPU.

Centaurinho

They have special mining gear ASIC ( Application-Specific Integrated Circuit ). It has a higher hash rate than GPU and CPU. Also, miners prefer to stay in low-cost electricity countries, because mining with a lot of mining rigs takes A LOT of electricity and money

deckartcain

Do you have any idea of how little crypto you get for mining with a little CPU or GPU? You need thousands of dollars of equipment and specialized cooling to make just a few dollars a month. You’re telling me that they had a room full of Antminers, a professional power setup and state of the art cooling in a Venezuelan prison? Or did they have a raggedy old PC with mining software installed?

Bunker_Beans

You can still mine Monero using a home PC. https://www.bitdegree.org/crypto/tutorials/monero-mining#:~:text=However%2C%20unlike%20the%20SHA%2D256,using%20your%20computer's%20CPU%2FGPU.

Visible-Cancel1239

Bro cmon give me a better Story, No one in 2012 mined BTC with a CPU, even If, He would BE broke, people mined it only Like 2 years with CPU, in 2012 everyone was using His GPU

Gr8WallofChinatown

The original purpose highlighted in satoshi’s white paper is long gone. One CPU = One vote is dead. It’s now a speculative asset. That’s it. It’s not a currency as the % of “currency” use is so minuscule.

m0Ray79free

"Don't ever touch that 150 bitcoins you mined on your CPU."

Objective_Digit

> Monero's supply is technically unlimited. It's meant to secure the network beyond assumptions that other cryptocurrencies make. > It's inflation today is half of gold's inflation and it will only ever decrease (disinflationary tail emission). Supply will be less than BTC until 2040. Monero's future supply is known today for year 2040, 2140(when the last BTC will be mined) as well as in 2420,.... It's not what Bitcoin is therefore it's against the ideals of "crypto". >It is a better store of value than BTC since its existence in 2014 and it held up better in the last bear market than BTC. It's just not as speculative as BTC (lower high than BTC higher low than BTC - I would say that is more stable and store of value like than BTC). And thanks to its DNM usage it basically works as a real decentralized stablecoin for the crypto ecosystem. It's more or less stable around $150 for 1.5 years and stable against BTC for 0.5 years. You're joking. It's down 95% vs. Bitcoin. It has never recaptured its BTC ATH from 2017. >It's the network with most nodes after BTC and thanks to RandomX CPU-mining and the implementation of P2P pool it also has the most decentralized mining infrastructure easy for everybody to start mining (and produce excess heat). That's not network effect.

gr8ful4

Monero's supply is technically unlimited. It's meant to secure the network beyond assumptions that other cryptocurrencies make. It's inflation today is half of gold's inflation and it will only ever decrease (disinflationary tail emission). Supply will be less than BTC until 2040. Monero's future supply is known today for year 2040, 2140(when the last BTC will be mined) as well as in 2420,.... It is a better store of value than BTC since its existence in 2014 and it held up better in the last bear market than BTC. It's just not as speculative as BTC (lower high than BTC higher low than BTC - I would say that is more stable and store of value like than BTC). And thanks to its DNM usage it basically works as a real decentralized stablecoin for the crypto ecosystem. It's more or less stable around $150 for 1.5 years and stable against BTC for 0.5 years. It's the network with most nodes after BTC and thanks to RandomX CPU-mining and the implementation of P2P pool it also has the most decentralized mining infrastructure easy for everybody to start mining (and produce excess heat).

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by Chysce. > Dogecoin was [launched in 2013](https://en.wikipedia.org/wiki/Dogecoin#:~:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%. > > Like Bitcoin Dogecoin uses the proof-of-work to validate transactions. Doge is merge mined at the same time with litecoin. There are [speculations](https://cointelegraph.com/news/rumor-has-it-that-dogecoin-could-shift-to-proof-of-stake-what-does-that-mean-for-miners) that Doge will switch to Proof of Stake soon but there is no definitive news on this as of yet. > > **>> Doge has no intrinsic value** > > In the very essence Doge has no value. Apart from [sporadic use](https://coingate.com/blog/post/doge-support-much-wow) for online tipping or as a means of payment for some businesses, it does not have a unique use case or solve any real-world problems. Its value is solely based on its popularity. While this can produce exciting short-term gains it is not a viable strategy for long-term investing. > > **>> High Volatility** > > The price of Doge is highly volatile, making it a risky investment. It's price is mostly driven by the Elon Musk's tweets and memes. Nowadays there are even bots that market buy Doge whenever Elon tweets something about it. These pumps are short lived and can cause a big spike in liquidations for unprepared investors. Elon Musk also appears to have distanced himself from Dogecoin in recent times. He did not include Dogecoin as a payment option for Twitter, and he also [tweeted](https://twitter.com/elonmusk/status/1631720134636367872?lang=en) that he is more interested in AI than crypto as of late. > > **>> Unlimited supply** > > Unlike Bitcoin, Dogecoin has no hard cap [no hard cap](https://www.sofi.com/learn/content/will-dogecoin-ever-be-capped/) on the total supply, which means it could potentially be inflated indefinitely. It's current supply increase is [\~4% per year](https://www.analyticsinsight.net/heres-what-you-need-to-know-about-dogecoin-inflation/#:~:text=For%20anyone%20buying%20Dogecoin%20to,4%25%20in%20price%20each%20year). > > \>> **Lack of Development and future narratives** > > Dogecoin has a relatively small development team, and the project has not seen significant updates or improvements in recent years. Additionally very few people run full nodes. Finally there is no clear long-term narrative that could cause its wide adoption > > \>> **Security** > > Dogecoin's mining algorithm is less secure than others, making it more susceptible to 51% attacks. Doge uses a different mining algorithm than Bitcoin, called [Scrypt](https://learn.bybit.com/altcoins/how-to-mine-dogecoin/), which is generally considered less secure than Bitcoin's SHA-256 algorithm. [Scrypt was designed to be more memory-intensive](https://cryptobook.nakov.com/mac-and-key-derivation/scrypt), making it harder for ASIC miners to dominate the network and creating a more level playing field for CPU and GPU miners. However, this also makes it easier for attackers to launch 51% attacks. > > On top of that Doge has a much smaller mining community and less overall network hash rate than Bitcoin. This means that it could be more vulnerable to attacks from miners who control a large portion of the network's hashrate. > > And finally Doge's unlimited supply means that there is less of an incentive for miners to secure the network. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

na3than

A mainframe computer isn't going to calculate SHA-256 hashes significantly (if at all) faster than a non-mainframe CPU.

niceboobty

Back in 2010-11 some guy on 4chan’s /g/ shared the tools for mining bitcoin with GPU instead of CPU. It was based on OpenCL and ran much faster on AMD GPU instead of Nvidia. Me who back then had a pretty powerful AMD GPU (Radeon HD 5870) tried it and let it run overnight, in the morning i got 50btc total. Unfortunately it was lost because i wipe C: drive containing the keys when i upgrade my windows xp to windows 7…

middlemangv

That though doesn't have to mean a lot. Or as Satoshi said: "When you generate a new bitcoin address, it only takes disk space on your own computer (like 500 bytes).  It's like generating a new PGP private key, but less CPU intensive because it's ECC.  The address space is effectively unlimited.  It doesn't hurt anyone, so generate all you want."

wallabrush99

Dude i fucking love crypto. It saved me when the government failed! Thanks to XMR i get to spend the night indoors, in s room heated by my 3900X which have mined monero steadily at 14,5kH/s for almost 4 yrs now so (big shoutout to that CPU which have given me 4(!!) solo blocks already :) Oh fuck now i have to delete this acc before they want to come tax me for mining. Meanwhile shutting down our nuclear power to #go #green without having another option ready (we have the fucking luxury of already ruined natural waterfalls which generates 70% of all houshold energy, for free* - by itself. Now we (Sweden,, not me) buy the worst kind of coal energy/electricity from Poland and probably even pay for Putins deathrattle empire Tsar psychosis gas. These are the kind of people to deciding I'm not gonna live as i want with Monero? Good luck 🖕

Miljenko-i-Manjina

I would be busy buying other tech - PSVR2, Nvidia GPU, AMD CPU just to name a few 😅

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by Chysce. > Dogecoin was [launched in 2013](https://en.wikipedia.org/wiki/Dogecoin#:~:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%. > > Like Bitcoin Dogecoin uses the proof-of-work to validate transactions. Doge is merge mined at the same time with litecoin. There are [speculations](https://cointelegraph.com/news/rumor-has-it-that-dogecoin-could-shift-to-proof-of-stake-what-does-that-mean-for-miners) that Doge will switch to Proof of Stake soon but there is no definitive news on this as of yet. > > **>> Doge has no intrinsic value** > > In the very essence Doge has no value. Apart from [sporadic use](https://coingate.com/blog/post/doge-support-much-wow) for online tipping or as a means of payment for some businesses, it does not have a unique use case or solve any real-world problems. Its value is solely based on its popularity. While this can produce exciting short-term gains it is not a viable strategy for long-term investing. > > **>> High Volatility** > > The price of Doge is highly volatile, making it a risky investment. It's price is mostly driven by the Elon Musk's tweets and memes. Nowadays there are even bots that market buy Doge whenever Elon tweets something about it. These pumps are short lived and can cause a big spike in liquidations for unprepared investors. Elon Musk also appears to have distanced himself from Dogecoin in recent times. He did not include Dogecoin as a payment option for Twitter, and he also [tweeted](https://twitter.com/elonmusk/status/1631720134636367872?lang=en) that he is more interested in AI than crypto as of late. > > **>> Unlimited supply** > > Unlike Bitcoin, Dogecoin has no hard cap [no hard cap](https://www.sofi.com/learn/content/will-dogecoin-ever-be-capped/) on the total supply, which means it could potentially be inflated indefinitely. It's current supply increase is [\~4% per year](https://www.analyticsinsight.net/heres-what-you-need-to-know-about-dogecoin-inflation/#:~:text=For%20anyone%20buying%20Dogecoin%20to,4%25%20in%20price%20each%20year). > > \>> **Lack of Development and future narratives** > > Dogecoin has a relatively small development team, and the project has not seen significant updates or improvements in recent years. Additionally very few people run full nodes. Finally there is no clear long-term narrative that could cause its wide adoption > > \>> **Security** > > Dogecoin's mining algorithm is less secure than others, making it more susceptible to 51% attacks. Doge uses a different mining algorithm than Bitcoin, called [Scrypt](https://learn.bybit.com/altcoins/how-to-mine-dogecoin/), which is generally considered less secure than Bitcoin's SHA-256 algorithm. [Scrypt was designed to be more memory-intensive](https://cryptobook.nakov.com/mac-and-key-derivation/scrypt), making it harder for ASIC miners to dominate the network and creating a more level playing field for CPU and GPU miners. However, this also makes it easier for attackers to launch 51% attacks. > > On top of that Doge has a much smaller mining community and less overall network hash rate than Bitcoin. This means that it could be more vulnerable to attacks from miners who control a large portion of the network's hashrate. > > And finally Doge's unlimited supply means that there is less of an incentive for miners to secure the network. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

BitingChaos

I had a shitload. Like... *A lot.* I started mining when you could still do it with CPU. I survived MtGox, held when the price exploded, and went through all the shit with Hodlnaut, Celsius, Gemini/Genesis, BlockFi, Haru, Voyager, and so on. I still have BTC. But way fewer.

niceboobty

I remember it clearly, i ran it for two days with the tools shared by some guy in 4chan’s /g/ where the mining is done by the GPU instead pf CPU. I ran it overnight, and in the morning it got two blocks of 25btc each. Obviously you are even earlier than me to be able to mine such numbers with CPU.

zedaero

I can't guess my 6 numbers password with 6C12T CPU 3.9GHz and they did that with some potato powerd 1C 433MHz CPU

Peach-555

You can't mine Bitcoin with a GPU or CPU. You can sell your GPU hash and get paid out in BTC if you want, but you probably won't make back the cost of the GPU even with free electricity after running it 24/7 until the GPU breaks. You can look up your GPU at a site like whattomine. The top mining rate for a 4090 ($1600) is $1 per day.

satoshi_oscar_wilde

The best way to acquire crypto is to get a job. But if you're dead set on getting it another way, I hear mining with your CPU is all the rage.

Natural_NoChemical

If you read my post again, you should notice that it's not worth mining Bitcoin on your personal laptop/PC anymore. However, you can look into Monero(CPU mining) or Ravencoin(GPU mining)

SmoothGoing

Unless you constructed your own CPU and wrote all drivers for your phone/PC you are trusting 3rd parties. Lots of them.

igadjeed

Computationally, incrementing is much, much faster than any variation of random or pseudo-random. Also, nobody is going to wire a random or pseudo-random function into an ASIC chip More important ... Even a cheap USB miner like the Compac F cycles through the entire nonce range 75 times every second. A S19XP cycles through all 4294967296 nonce values more than 32000 times per second Because a miner cycles through more than 4 billion hashes many times every second, using random nonces will repeat work already done every time the random is the same as an earlier nonce. Incrementing the nonce prevents wasteful repetition of work See Mastering Bitcoin, chapter 10 https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch10.asciidoc Search down to "The Extra Nonce Solution" Even in the difficulty-1 CPU days in 2009, the average number of hashes required to find a block was about 4 billion. So it was common to cycle through all the nonce values without finding a suitable block header hash. Satoshi's miner code had extra-nonce even then. But his extra-nonce was incremented. Today the extra-nonces are random

chchrnblklk

Quick tldr is that it's like mining for Banano. Folding@home is a distributed computing project that simulates protein folding. You use your computing power (GPU or CPU) and get rewarded with Banano.

CoolCoolPapaOldSkool

Even running a CPU miner those days on a Pentium computer would have made anyone a millionaire.

m4rM2oFnYTW

CPU mining was becoming unrealistic but an average gaming graphics card worked quite well at that time for mining.

givegetgain

Would have loved to mine when it was possible on a regular CPU

Natural_NoChemical

They will soon blame the CPU lol

BrotherAmazing

Controlled fusion exists and “works” too. Just for a matter of seconds and is *completely* impractical given it takes more energy in to get it started than you get out after just seconds. Similarly, quantum computers are “here” and “work”, but they are *completely* impractical right now in terms of doing anything better than classical digital computers. Google announced the first case of a quantum computer doing something a classical computer couldn’t do before serious peer review only to have to retract their claims. Basically of you spend 1,000x the cost of an Intel CPU or NVIDIA GPU, a quantum computer can *seriously* underperform them is where we are at.

DBRiMatt

The healthcare industry salutes you! As do the monkeys I guess. What folding settings are you using? I've disabled CPU folding, and just let GPU folding run on medium.

MinimalGravitas

You're missing a fundamental part of the risk of a '51% attack': the attacker could choose to build only on their blocks. This is because they are on average going to be faster at solving any given block, so even if someone else solves one, the odds are that the attacker will be able to get the next one. The attacker solves for the same block height as the one the honest team mined, then the odds are that they will get a second one before the honest miners get their second one. The attackers block fits on their previous one, and so they have the longest chain and the honest miner's block and the transactions included are erased from history. Of course the honest miners might get lucky and get 2 blocks first, but then the race is on to get to 3 in a row... or however many it is. With more hashpower the attacker can always overtake and erase eventually. They don't need 100% of the hashpower, just a slight majority of it. I can see you are new here, so I'd really recommend doing a bit of background reading. The whitepaper is surprisingly accessable and it even touches on this (page 3): > *If a majority of CPU power is controlled by honest nodes, the honest chain will grow the fastest and outpace any competing chains.* Worth a read to help you understand how this stuff works. There's a narrative amongst some Bitcoin influencers that the only interesting things about bitcoin are the price and how much better it is than dollars etc... but focusing on the economic side only, I think leaves you blind to the most important knowledge of what Bitcoin actually is. This is why you see some people talking about it like it is some divine gift from the prophet Satoshi, an ethereal being who launched perfect money and then ascended back to the higher plains of existence... they haven't learned how it works and so imagine it must be divinely designed and thus perfect and flawless. In my opinion, looking under the hood is the only sensible way to determine the value of a technology, and avoiding a critical evaluation of it's risks just leaves you vulnerable to them. All that said, I don't think either attack I listed above is likely in the near term, or something to lose sleep over. Presumably the 2 risks appreciate each halvening as rewards are further reduced, and so it will build slowly, stepping up just a bit each 4 years. Remember this post in 12 years, or 20, or however many though, when hopefully a solution will have been implemented, or otherwise maybe we'll see it play out.

_who_is_they_

My CPU is a neural net processor, a learning computer.

Electrical-Lead5993

Yeah I started using it awhile back when rewards were better. It’s definitely a lot like chrome, although a lot less taxing on your CPU

ArtoriusFrost

Doing my research on Monero right now, came to understand that it really stands for privacy. Monero’s mining benefits are because of the nature of the CPU which anyone cannot identify people that have mined it which bodes well for privacy.

Aussiehash

you're about 12 years to late to mine with your CPU / GPU. You can mine with an ASIC, but they cost thousands of dollars, and are rather noisy. SparrowWallet is a fantastic desktop wallet, and Seedsigner (DIY build it yourself) or Jade are the cheapest hardware wallets around

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by Chysce. > Dogecoin was [launched in 2013](https://en.wikipedia.org/wiki/Dogecoin#:~:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%. > > Like Bitcoin Dogecoin uses the proof-of-work to validate transactions. Doge is merge mined at the same time with litecoin. There are [speculations](https://cointelegraph.com/news/rumor-has-it-that-dogecoin-could-shift-to-proof-of-stake-what-does-that-mean-for-miners) that Doge will switch to Proof of Stake soon but there is no definitive news on this as of yet. > > **>> Doge has no intrinsic value** > > In the very essence Doge has no value. Apart from [sporadic use](https://coingate.com/blog/post/doge-support-much-wow) for online tipping or as a means of payment for some businesses, it does not have a unique use case or solve any real-world problems. Its value is solely based on its popularity. While this can produce exciting short-term gains it is not a viable strategy for long-term investing. > > **>> High Volatility** > > The price of Doge is highly volatile, making it a risky investment. It's price is mostly driven by the Elon Musk's tweets and memes. Nowadays there are even bots that market buy Doge whenever Elon tweets something about it. These pumps are short lived and can cause a big spike in liquidations for unprepared investors. Elon Musk also appears to have distanced himself from Dogecoin in recent times. He did not include Dogecoin as a payment option for Twitter, and he also [tweeted](https://twitter.com/elonmusk/status/1631720134636367872?lang=en) that he is more interested in AI than crypto as of late. > > **>> Unlimited supply** > > Unlike Bitcoin, Dogecoin has no hard cap [no hard cap](https://www.sofi.com/learn/content/will-dogecoin-ever-be-capped/) on the total supply, which means it could potentially be inflated indefinitely. It's current supply increase is [\~4% per year](https://www.analyticsinsight.net/heres-what-you-need-to-know-about-dogecoin-inflation/#:~:text=For%20anyone%20buying%20Dogecoin%20to,4%25%20in%20price%20each%20year). > > \>> **Lack of Development and future narratives** > > Dogecoin has a relatively small development team, and the project has not seen significant updates or improvements in recent years. Additionally very few people run full nodes. Finally there is no clear long-term narrative that could cause its wide adoption > > \>> **Security** > > Dogecoin's mining algorithm is less secure than others, making it more susceptible to 51% attacks. Doge uses a different mining algorithm than Bitcoin, called [Scrypt](https://learn.bybit.com/altcoins/how-to-mine-dogecoin/), which is generally considered less secure than Bitcoin's SHA-256 algorithm. [Scrypt was designed to be more memory-intensive](https://cryptobook.nakov.com/mac-and-key-derivation/scrypt), making it harder for ASIC miners to dominate the network and creating a more level playing field for CPU and GPU miners. However, this also makes it easier for attackers to launch 51% attacks. > > On top of that Doge has a much smaller mining community and less overall network hash rate than Bitcoin. This means that it could be more vulnerable to attacks from miners who control a large portion of the network's hashrate. > > And finally Doge's unlimited supply means that there is less of an incentive for miners to secure the network. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

CointestMod

#Dogecoin Con-Arguments Below is a Dogecoin con-argument written by Chysce. > Dogecoin was [launched in 2013](https://en.wikipedia.org/wiki/Dogecoin#:~:text=In%20addition%2C%20they%20wanted%20to,making%20the%20idea%20a%20reality) as a satirical response to the hype surrounding crypto. In 2015, its creators stepped away from the project. The aim of its creators was to develop a coin that would not be taken seriously by investors, however despite their intentions, Dogecoin still attracted a significant number of speculators. In fact, it became the world's largest memecoin during the first half of 2021, with its value rocketing over 15,000%. > > Like Bitcoin Dogecoin uses the proof-of-work to validate transactions. Doge is merge mined at the same time with litecoin. There are [speculations](https://cointelegraph.com/news/rumor-has-it-that-dogecoin-could-shift-to-proof-of-stake-what-does-that-mean-for-miners) that Doge will switch to Proof of Stake soon but there is no definitive news on this as of yet. > > **>> Doge has no intrinsic value** > > In the very essence Doge has no value. Apart from [sporadic use](https://coingate.com/blog/post/doge-support-much-wow) for online tipping or as a means of payment for some businesses, it does not have a unique use case or solve any real-world problems. Its value is solely based on its popularity. While this can produce exciting short-term gains it is not a viable strategy for long-term investing. > > **>> High Volatility** > > The price of Doge is highly volatile, making it a risky investment. It's price is mostly driven by the Elon Musk's tweets and memes. Nowadays there are even bots that market buy Doge whenever Elon tweets something about it. These pumps are short lived and can cause a big spike in liquidations for unprepared investors. Elon Musk also appears to have distanced himself from Dogecoin in recent times. He did not include Dogecoin as a payment option for Twitter, and he also [tweeted](https://twitter.com/elonmusk/status/1631720134636367872?lang=en) that he is more interested in AI than crypto as of late. > > **>> Unlimited supply** > > Unlike Bitcoin, Dogecoin has no hard cap [no hard cap](https://www.sofi.com/learn/content/will-dogecoin-ever-be-capped/) on the total supply, which means it could potentially be inflated indefinitely. It's current supply increase is [\~4% per year](https://www.analyticsinsight.net/heres-what-you-need-to-know-about-dogecoin-inflation/#:~:text=For%20anyone%20buying%20Dogecoin%20to,4%25%20in%20price%20each%20year). > > \>> **Lack of Development and future narratives** > > Dogecoin has a relatively small development team, and the project has not seen significant updates or improvements in recent years. Additionally very few people run full nodes. Finally there is no clear long-term narrative that could cause its wide adoption > > \>> **Security** > > Dogecoin's mining algorithm is less secure than others, making it more susceptible to 51% attacks. Doge uses a different mining algorithm than Bitcoin, called [Scrypt](https://learn.bybit.com/altcoins/how-to-mine-dogecoin/), which is generally considered less secure than Bitcoin's SHA-256 algorithm. [Scrypt was designed to be more memory-intensive](https://cryptobook.nakov.com/mac-and-key-derivation/scrypt), making it harder for ASIC miners to dominate the network and creating a more level playing field for CPU and GPU miners. However, this also makes it easier for attackers to launch 51% attacks. > > On top of that Doge has a much smaller mining community and less overall network hash rate than Bitcoin. This means that it could be more vulnerable to attacks from miners who control a large portion of the network's hashrate. > > And finally Doge's unlimited supply means that there is less of an incentive for miners to secure the network. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Dogecoin) to find submissions for other topics.

akagi_misha

I think i need this. Damn Reddit uses my CPU and Memory like it's a Free Buffet

milonuttigrain

You can block ads and its speed. Also consumes much less CPU compared to Chrome.

CoolCoolPapaOldSkool

People have mined 50BTC blocks on their Celeron CPU computers, the times.

Prof_Nate_Higgers

Bitcoin is one of those things that I invested with lunch money and returns were so insane it changed my life. Sold it and bought a house to finally get out my parents home. I'm not extremely wealthy but I make good money with it. People who have won big will not reveal their identities. They don't want to become a target. I didn't bought Bitcoin back then because I wanted to get rich, I liked the concept and I thought this is really cool to mine coins with my CPU together with a bunch of dudes to support the network and send money to each other with no banks or companies. I was expecting making returns just like any other investment but I could not imagine Bitcoin would ever reach today's prices. Bitcoin was worthless back then, it was just funny internet money. Being involved from many years and having a growing business related to crypto mining I know a few people who are very wealthy from Bitcoin. Just don't take things too extreme. The polarity of opinions regarding crypto is huge. It's either you love it or hate it. I don't agree with many things I read here. It's okay. It's like any investment, do your own due diligence and get your own conclusions. But if you are an investor you must know every asset that has huge price increase will always have both diehard fans and a lot of haters. Bitcoin in terms of opinions is no different than Tesla stock in 2019. People would either believe Tesla would be the only company that would make cars or on the other hand they will go bankrupt and electric cars will never make it. The key is balance. Don't get yourself to mixed up in conflict and seek truth and follow your own beliefs. If you think Bitcoin is a scam, cool. If you thing it will destroy governments and become the global currency of the new world, fine. I don't agree with both, it's too extreme. I do wish I had taken it more seriously back then. Because I'm not hyper rich but I could be, if I had put more than just lunch money on it. And every time Bitcoin went up I didnt invest more and thought this is it. It's never gonna be more than 100usd that is insane. And there it goes, 1000usd, 10.000usd, and now is going to beat 100.000usd soon, maybe next year. Whether you like it or not, it's likely going to happen. And about scams, beat it with knowledge. Where there is money there will always be people trying to scam. People should not invest significant money in what they don't understand.

transatoshi

Arctic Silver is the thermal paste I use, you put a very thin layer between your chips like the CPU and their heatsinks. Usually doing it on an older or poorly factory applied chips will drop temps by >10C.

Objective_Digit

Then what does it matter what CPU they are using?

po1919

The first coin I bought was BTC in 2015-ish. I used it to donate to pirate sites. The first I learned about it was 2010-ish I think. I thought it was amazing but was too lazy/pessimistic to even try mining it on CPU. You get what you deserve I guess.