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**Your submission has been removed because at least 1 submission with the same title has posted on the subreddit recently.** **OP:** rahasyamayy **Date:** 2025-04-29 13:50:30 **Duplicates:** N | User | Date | Posted... | Similarity | Title :-:|:-:|:-:|:-:|:-:|:-:|:-:|:-: 0 | [/u/rahasyamayy](https://www.reddit.com/user/rahasyamayy) | 2025-04-29 13:43:28 | 7 minute(s) before| [100%](https://https://www.reddit.com/r/CryptoMoonShots/comments/1kao9qa/your_gpu_is_bored_put_it_to_work_mining_dogegpu/) | [Your GPU is Bored – Put It to Work Mining DogeGPU ($DOGPU)! 🐶](https://redd.it/1kao9qa) I am a bot. If you believe this was sent in error, [please message the subreddit moderators here](https://www.reddit.com/message/compose?to=%2Fr%2FCryptoMoonShots&subject=My+post+has+been+wrongfully+removed&message=My%20post%20has%20been%20wrongfully%20removed%20by%20your%20repost%20bot,%20/u/DuplicateDestroyer. Here%20is%20a%20link%20to%20my%20post : https://redd.it/1kaoffy). **Do not delete your post or moderators won't be able to review it.**
The profitability to mine with a CPU or GPU is just one single factor in the security of the network and for the overall health of the project generally.
I checked profitability of coins to mine nowadays, and XMR have some sense only, ofc its not 2017 and its not easy money anymore but still funny that you arent immiedietly on minus. This is why I wonder to which extend its ASIC resistant. I couldnt find any coin which have any sense to mine with CPU or GPU only XMR this says something.
I’m an early adopter for most things, when I first read about it and knew very little it sounded like a great idea but it took me quite some time to buy in as I just didn’t get the whole exchange thing, I even had mining rigs that ran FAH because I thought it was great to give that compute to charity and head my house for free, it was some time later I discovered nice hash and by then GPU mining was not possible on SHA256.
dude, before AI there was a big hype on GPU for mining. Before bitcoin had ASIC miners, you could use an NVIDIA GPU, like around 2011-2014. The AI datacenters were not around back then Also before ETH moved to POS, it was mostly GPU mined.
AI coins IMO will pump hard if this bull run gets going DSYNC, GPU, PALM, PIN, PAI
My friend bought a GPU with his lol 🙄
Is that why during Covid all the high end cards got snatched up for mineing rigs and Shorty after the crash of 2021/2022 the high end cards started flooding the market…GPU mineing is very viable can the average person do it NO but can 20 $1000 3080’s mine Bitcoin as part of a pool you bet
You must be joking. GPU mining for BTC ended 10 years ago.
Sell the GPU, get an ASIC (and earplugs).
He invented GPU mining (the first to do so). He had a lot of btc.
My 10c from real world. In graphic designing there are a few AI tools that can be used locally to generate complex animations. The problem is that it only works on one GPU. So you need the best GPU available to have enough ram to generate it. Dividing the workload is not possible. I don't know the specifics, but it shows that for complex AI processing, the throughput between the singular processing units is very important. So pooling together distant computers is not viable
Trial and error. With a powerful GPU rig (or cloud computing hardware that you rent) you can generate millions or billions of random addresses until by chance you get several with similar or equal starting and final characters, of course it's impossible to find and address with more than 12 matching characters or so, but in this case with 4 matching characters at the beginning and 4 matching characters at the end it was enough to fool the user...
At one point when I had all my antimers and GPU miners I used to get 1 BTC per day when nicehash rates were high. That was when bitcoin was £400 per coin
This. Definitely less than 100. Even in 2011 you needed terahashes of power to reach 100 coins in a short time. It is possible he was mining quite a lot if he was building out his rig and he had backers, doesn't look like he did though, just personal mining...I was a mining in 2012 and eventually had a few antminers on the go in my flat (roughly 1TH/s each)...it was possible to mine a decent chunk of change back then. In total across cloud mining, GPU mining and ASIC mining I had around 50TH/s...I was funded by investors though so most of the Bitcoin didn't go to me...there was massive buzz around Bitcoin, even then, amongst investors but it was much harder for them to invest in mining (because there weren't that many of us that knew how to setup the kit and scale, it was a lot more niche back then)...trouble is, investors back then were extremely skittish as well...every time Bitcoin had a small dump, someone would pull out...then eventually we had quite a big dip and all of them pulled out. In total I managed to mine for about 18 months. The other weird thing back then is investors wanted to be paid out in dollars...not Bitcoin...so I managed to keep around 80% of the coins I mined and just farmed out dollars...the agreement at the time was that I estimated the average price for a year and averaged out the payments...so I actually ended up paying out a lot less than the coins were worth, but I mined for long enough that all the investors got out with a bit of profit. Some of my investors had crazy ideas back then, there was one chap that used the down payment for a car to invest, then used the proceeds to pay for a car. Investing in mining was his way of getting a "free" car...it sort of worked until he shit the bed and panicked when the price crashed...nobody knew back then that large dips were temporary, they simply shit themselves and assumed Bitcoin was dead. I have hardly any left now, because over 13 years it's pretty difficult not to gradually bleed it out because life happens, you can't go 13 years and do nothing with your stack, you're essentially throwing 13 years of your life away at that point, for nothing, I had a very good decade on the back of mining and I wouldn't change a thing...I was in my late 20s, so on the precipice of life heating up for me, I'm now married with three kids. I'd imagine anyone mining in those days only has a tiny fraction of their mining return left...I mean it makes sense because if all the OG miners held their coins and never sold a single sat, Bitcoin would not be in the hands of regular folks, we'd have nothing in circulation. The only way Bitcoin is minted is through mining, and the only way for it to get into circulation is if miners sell it...and of course, early investors...who were the guys that mostly got fucked by banks seizing their returns...I know a few investors of mine got fucked that way. I had one or two that wanted to be paid out in Bitcoin, they sat on it for years then on the advice of their financial advisors, sold it all in one go...they came to me to ask for proof that I'd mined the coins (which I did) and that I converted them to USD (which I didn't, so couldn't prove it). No idea if they ever got the money, but given the time, I highly doubt it. Also, it was a different world back then. Most of us were into mining because it was fun and interesting...very few of us imagined that Bitcoin would be where it is today. Most of us thought that Bitcoin would become pretty widespread, but none of us had any clue what it might be worth.
ETH is not easy to produce. You need 32 ETH minimum as a validator. The validator computers have to be configured properly and require infrastructure: building, electrical, internet. If the validator is configured improperly the staked ETH could be slashed. It's more difficult to configure an ETH validator than plug in a BTC ASIC appliance. It was also more complicated to assemble and configure an ETH GPU mining rig when it was POW than install and plug in an BTC ASIC appliance. And every 4 years, the miner block rewards half. In 20 years, the reward will be 1/32. Then transaction fees are supposed to secure the BTC network. But BTC can only do 5-6TPS realistically. It is not guaranteed that the BTC POW model will be sustainable.
For mining BTC, you’re going to want an ASIC. There is GPU mining but it’s mostly unprofitable right now - unless you have cheap to free electricity. Some CPU is profitable but not really even worth the wear and tear on your machine. If you’re willing to mine at a loss for awhile and accumulate - it’d be a cool little side gig to stack.
Honestly, I don’t really spend any of my crypto right now. I mostly treat it like long-term savings and just let it sit. Holding out for bigger value (hopefully and copefully). But some smaller coins I think have real-world potential but are still kinda underrated. [World](https://world.org/) coin (for ID/auth stuff), Render (digital content with decentralized GPU), and Ocean Protocol (for data sharing/privacy). Still early days, but that’s where I see utility growing.
no premine, no VCs, no shady deals. just open-source code and anyone with a GPU could mine from day one. way fairer than most coins. calling it insider-rigged without proof just sounds salty. lmao you should do more research bro
It makes no sense because your mind is too narrow. Early investors and the rich also get richer under a PoW system. They get the information first, have the capital to act on it, and get rewarded for building supply chains to control it. With a PoS validator, you only need capital and a minimal spec machine. That's a much lower barrier to entry than Bitcoin. CPU mining hasn't been a thing since 2013. GPU mining hasn't been a thing since 2016. The only ones "putting the hard work and labor in" are the Chinese companies that build 90% of the world ASICs and the three mining pools that make up 80% of the network.
No, it isn't, the POS is more centralized than ever. It's just a big boys game. For someone with $100 or $1,000, it's a waste of money doing Staking on Ethereum, since it has better returns on investment through other means. With POW, someone with a GPU Of $500 to $1,000 could be generating $0.5 to $5 OR 10$ a day, or more depending on the price and luck. Now with 1000$ staking they can get something between 30 and 50$ a year?
No, now AI is leading to GPU shortages.
Apparently, I have to spell this out in detail since my original was confusing. Ethereum’s shift from Proof of Work (PoW) to Proof of Stake (PoS) was a major misstep that damaged the broader crypto ecosystem. ETH was once the silver to Bitcoin’s gold, with both offering PoW and allowing regular people to participate through mining. When Ethereum abandoned mining, it took that opportunity away from everyday users running GPU rigs and handed it to the wealthy few already holding large amounts of ETH. Now it’s just a staking game for whales. That decision also left Bitcoin’s ASIC mining as the only major mining option, a space already controlled by large, centralized operations. Ethereum had been the last major project where an average person could realistically get involved with consumer hardware. That’s gone. The most exciting, accessible part of crypto, grassroots mining, is now dead. On the bright side, gamers can finally buy GPUs again, so there’s that. But overall, this was a huge loss for participation, decentralization, and the core ideals crypto was built on.
I know how long GPU mining lasted. I used to do GPU mining as well. it would not have looked like that forever, even without PoS. ASICs did in fact appear, and if given enough time they would have been so popular that you would see the whole thing being controlled by ASIC farms next to hydroelectric dams etc. even now with monero being so ASIC resistant that you can only use a CPU, I still can't make any money trying to generate because I don't live near cheap enough electricity. it didn't used to be like that but now the hashrate is too high for small people playing with their computer in big chunks of the world. as PoW naturally progresses, more and more people get excluded over time.
Not in Bitcoin. But Ethereum was full of people in developing countries mining with 1 or 2 GPUs. Anyone with any gaming PC could participate and receive rewards. I mined Ethereum for 5 years with 12 gpus. It was full of people mining, many communities, and many people involved with Ethereum through GPU mining. You're missing my point, about how many people were participating in the network. It was full of mining pools, and I don't know anyone mining now being involved in staking.
PoS was the biggest mistake. PoW made the ecosystem hum with at home GPU miners, even if contributing very little to the network in hash power they create a lot of discussion and excitement generating new projects on the blocktrain. I used to mine during COVID and it was a fun hobby and I would talk about the $1-6/day I was making mining, more than I talked about my day job.
PoS Eth was the reason home PC GPU mining was a thing. Not you can't make any good gains with your home PC
proof of work doesn't empower everybody who wants to participate. it only empowers people who have access to both mining equipment and cheap electricity. huge segments of the earth's population cannot do mining at home and make any money. proof of work leads to geographic centralization. and those same GPUs are vulnerable to ASICs taking over. recall at the tail end of the PoW era ASICs started to appear. any PoW that can be done on a GPU will eventually be done on an ASIC. proof of work eventually turns your cryptocurrency network into a load balancer for electrical grids. that's nice and all and it seems like it could be useful, but to say that it empowers people from all walks of life is just wrong. more than anything it excludes people from participating. additionally, you don't need to own 32 ETH or any validator equipment to benefit from staking because there are decentralized liquid staking derivatives.
At least it's not leading to GPU shortages anymore *cries in Nvidia first-party scalping*
The salt is stored with the hash. Its purpose is not for increasing brute force. It's for defeating rainbow tables A GPU would run faster than 150 But do we know which hashing algorithm is used by Atomic?
GPU overheated from mining crypto. 3090. Used my MSI Claw in those 8 months.
I don’t know why everyone is so negative or if they read it wrong, but if I read it correctly, you got a 10 digit numeric long password? Bruteforcing that with and high end GPU (4090+) would take 2-3 weeks lol. So depending on the amount on your wallet thats actually considerable, if you find someone with multiple high end GPUs, you can even shorten the time needed to bruteforce that numeric 10 digit long password
I was around and a developer in 2009-2011. Tried to figure out how to buy BTC for fun in 2010, but never manged to understand how to get a wallet and how to buy and transfer the BTC back then, so I just gave up when I found myself having to read through Git repositories for code that allowed wallets and trading. In late 2012 I tried to BTC mine with a GPU, went somewhat okay, but miniscule BTC made, so did math on one of the first ASICs that came out, but the elec prices in the EU country I was in at the time was too high for the current BTC to make it go around. So gave up again and in less than a year the 2013 boom triple BTC but I had moved on and focused on other things. So many BTC/ETH regrets. Hope it works out for all you guys!
For the basics, YouTube is your go-to. Whiteboard Crypto and Coin Bureau have deep-dive content, but it's not hard to understand, very useful. Then start with coins like Bitcoin and Ethereum to get how these big networks work. For smaller coins with potential, I like [World](https://world.org/) (for its identity layer) and Render (for thedecentralized GPU rendering), but you can find whatever you like and believe in long-term. And honestly, just avoid meme coins and anything promising insane returns. At least at the start! For apps, try Coinbase or Kraken for buying and CoinMarketCap or CoinGecko for research. No "best" time to start, just dollar-cost average and learn as you go. Good luck!
For the basics, YouTube is your go-to. Whiteboard Crypto and Coin Bureau have deep-dive content, but it's not hard to understand, very useful. Then start with coins like Bitcoin and Ethereum to get how these big networks work. For smaller coins with potential, I like [World](https://world.org/) (for its identity layer) and Render (for decentralized GPU rendering), but you can find whatever you like and believe in long-term. And honestly, just avoid meme coins and anything promising insane returns. At least at the start! For apps, try Coinbase or Kraken for buying, and CoinMarketCap or CoinGecko for research. No "best" time to start, just dollar-cost average and learn as you go. Good luck!
Minting out of thin air? Kaspa was fair launched and only mineable with GPU for the first 70 percent of its supply to for decentralization. Kaspa is also not a store of value its to be used as digital cash and on top of that enable smart contracts so it will be endgame to solana and ethereum. Nothing since the creation of Bitcoin, Monero, and ethereum compares to Kaspa
Mining with your current setup (3080ti + 5600x) could still earn you something, but it likely won’t be worth the electricity costs unless you find a smaller, lesser-known coin that’s still GPU-mineable (like Kaspa or Nexa). But even then, returns are pretty low unless you’re mining at scale or have free electricity
Hashrates are down across the board, ASICs no longer ROI past the first batch, GPU mining is dead post merge. Now a lot of us cope by saying we do it for the heat, which is nice, but delusional.
These were the first ever Bitcoin ASICs. They were relevant for about a month back in 2013, more a proof of concept than anything, made on an already outdated fab node. Competitors quickly surpassed them using more modern fab processes. Each one had the mining power of an average GPU at the time, so it was a big deal in terms of power and space efficiency. Google [Block Erupter](https://www.google.com/search?q=Block+Erupter) for more info
I am the sideline observer as you say, as I did not listen to that “sill small voice” that told me to just buy Bitcoin back in 2011 when mining it was ever so slow with my GPU.
GPU cores used for LLMs are not fast enough to compete with specifically designed hash chips used in miners. And mining chips are worthless for AI, or anything else for that matter.
Trump announced 90-day pause on tariffs. Bears got rekt. The majority is ALWAYS wrong at the bottom when they think the same way long enough. I've been saying this the whole time. I bought $GPU, SOFI, and ELF at the bottom of this week. From low of day to high of day, SPX from 4950 to 5350 and BTC from 74.5k to 81.8k
AI and dePIN crypto will be hot narratives once the markets go risk on again. AI data centers are still being built for the next 2 years at rapid pace. Here are the use cases. GPU is a decentralized computational power distribution platform. It allows providers to rent out their processing power to those who need AI computing power. These rental transactions are more cost effective and private. Nodes are scattered across the world. The project earns revenue from maintaining the distribution network and token taxes. This helps them to be resilient against harsh market corrections. Holders can stake their tokens for ETH rewards.
This time is not different bruh. Whenever quantified and measured fear is near ATH levels across different sentiment metrics, these signals are near market bottoms. You can either bet for or against this amazing statistic. I bought in on Sunday night when crypto was putting in another low. Anytime BTC is between 76-84k, you're getting a good deal on Bitcoin and alts. I've been buying my new favorite altcoin $GPU (NodeAI). It rose way too fast after launch, so I never had a chance to get cheap entries until during this tariffs crash. This one has the potential to go from 2025 low of 22 million mcap to about 2-3 billion market cap for 100x gain. I've been buying close to the bottom of this coin. It's already up 25% today on the rebound.
The tariffs began last week. There are new tariffs on China announced today porting the total to 104%. GPUs are now too costly to mine new coins in America. The AI industry depends on GPU, now it's dead. AI industry was fueling the growth of many crypto projects. No gpu, no rare earth to build gpus, no mining equipment for the new mines and every material to build a new factory will cost a fuckton more.
I hope their GPU prices also back down to earth soon
NVDA depends on AI. AI depends on GPU. GPU depends on rare earth. 90% of US rare earth imports come from China. China put tariffs on US imports but they also restrict rare earth exports to the US now. GPU not only become more expensive to produce in the US but companies that want to invest in the US will have difficulties finding the minerals they need to transform. Now, there are potentially other sources. Like Russia. But even if you lift the sanctions, there is no one mining it because aĺl the men of fighting age are in factories or in the army. And the concept of women doing traditional male jobs in Russia isn't really developed. Of course, there are rare earth deposits in Canada. Tariffed and won't be sold to the US. In the Dominican Republic: not ready to be exploited yet and subject to tariffs. In Ukraine: occupied by Russia in a war zone. In Wyoming: not ready to be exploited until a few years, and since every single piece of equipment needed just increased in cost, the project will be delayed. No financial institutions are going to loan money until the markets have stabilized and they can't do an IPO when all the stocks have cratered. But you do what you do. I am simply reminding you that the US just crippled their entire AI business. China is the clear victor. The US lost by a self inflicted wound. Unless some states manage to carve out exemptions for themselves, that business is moving elsewhere. And it's going to take time.
Fuck the obsolete useless Bitcoin surveillance. Reject it and embrace a POW that is ASIC and GPU resistant \ energy efficient.
Crypto does not differ from wheat, hogs, oil, stocks or anything else that is traded. It is 100% impossible to beat "them". Let me mention two tales - first, I had a friend with a seat on the stock exchange. His own. He took me for a full tour - and this was Philly, not NYC. This was in the late 1990's and he showed me his setup (on the floor with a bunch of monitors and a couple helpers running the stocks he was "market maker" for) and also the facility itself. We went into a room where traders surrounded a giant round bank of monitors hanging from a high ceiling. Each of them had some sort of custom hand-help computing device. Every type of news feed, financial feed, charting, movements, etc. was on these screens. He told me a room on the next floor up contained a bank of Supercomputers (what would be equivalent to GPU type stuff today) and the handhelds communicated with these. Bottom line....you and I are like little tiny bugs who are late to the game. Here's another hint as to where a retail trader sits. There are dedicated high speed lines between NYC and Chicago exchanges so the traders are faster than anyone else. As with all such technology, the info flows at the speed of light. The distance is 711 miles (as the crow flies), however, the communication lines and roads are closer to 800 miles. "0.0042946" seconds to travel that 800 miles..... If they could put in a new fiber optic cable or other point to point - without having to follow existing road, they could save 100 miles....since the execution of a trade might take 10 times back and forth (handshakes, confirmations). the savings is 1,000 to 2,000 miles....one blink of your eye could fit many thousands of these back and forth in - time wise. Guess what? Yes, they actually built a direct line just for traders. By the time you or anyone here, sitting at home or in an office, clicks your mouse....they have time to buy and sell almost countless transactions. Still think you want to try and beat them?
Jesus what a precedent this sets, now that protocols allow you to **voluntarily** share your GPU virtually, someone will build malware to *involuntarily* steal your GPU virtually. Like imagine a state level 0-day exploit that can hijack a whole nations GPU processors. What kind of things could that kind of computing enable?
we will made your GPU to our GPU 
I mean I dont get it, is this a bad thing? I looked into lending my GPU for LLM inferencing a few months ago and it wasnt too bad. Id gladly do it for $200 lmao
You can already rent your GPU out for real money, not just the "chance" to win a gift card. This is cheap af. VastAI is example.
There is no way to earn $200 a month by mining crypto with a GPU nowadays. Either it's a scam, or it's legit but it's not crypto.
Mining in bearish periods is not so missing out, my friend. Anyone mining right now (apart from the big farms) has free electric or has faith in a certain project or just mines for the love of it and is totally nuts. Don’t expect to get rich or even take a decent profit most would say, bearish means buying because it’s cheap if you really think a project is worth it. Mining is done best with miners (GPU’s, Asics or FPGA’s or maybe phones) and def. not with apps, because of scams. Blockdag is an alternative blockchaintechnology, but as always, in crypto anyone can start his own coin and name it whatever he wants, so be very carefull. Never install apps or give away passwords or your walletaddresses. Good Luck.
Proof? Coinbase already overtook LIDO. There is not one staking entity that controls 51% of the staked ETH supply. BTC mining is more centralized in comparison. And like it or not, the ASIC rigs are manufactured in China - an adversary of the US. China could easily 10x the manufacturing of ASIC devices. They have a lot of electrical power available. Nvidia and AMD already produce tens of millions of GPU chips per year. GPU chips are a lot more complicated than dumb ASIC chips that can only do one thing. A future 51% BTC attack is not farfetched. The higher the market cap goes, the worse the Economic Security ratio will become.
Satoshi was the only one mining in the beginning, which is why he could mine 1 million BTC. The hash rate when he was mining it for the first few months was under 10 MH/s I believe. For reference, a single 1070 TI GPU could mine up to 34 MH/s in 2018. So you might as well say that BTC was also pre-mined.
Since there have been many mentions of large cap and some mid cap coins, here are small caps if you are willing to take on the volatility and risk for a potential 50-100x moonshot. They pump hard during risk-on, high liquidity, and bullish environment. I invest in all 4 levels of market cap including large, mid, small, micro caps. If these projects below can work on creating utility, attract a following, and get bids, buying them closer to macro or launch lows can set up the potential to gain 100x and reduce downside risk. I personally hold these after buying into them close to their lows, so I'm not underwater. It's hard to stay in profit with smaller altcoins if you buy too far above the low. GPU (NodeAI), WAGMIGAMES, ZKML, BYTES (Neo Tokyo)
Memecoins are tanking - no surprise there. But there are still solid projects out there, like Chainlink (smart contract oracles), Render (decentralized GPU power), and Arweave (permanent storage). What else is actually worth a look right now?
CPU mining, then GPU mining, then after some time FPGA then ASIC's. What a ride that was.
It isn't. A 12-word seed phrase if you have all of the words, but they're in a different order can be brute-forced by a normal computer in microseconds. A missing final word can take hours with a consumer GPU. A 24 word has more entry to be but it still can be brute-forced in a day as long as the rest of the words are in order. Re key you're wallet. I know fees are high right now, but it would be trivial to lose everything.
Oh wow, thank you, Professor Obvious! Oil is an energy source? And the basis of industrial society? Incredible insight. I had absolutely no idea—here I was, trying to mine crude oil with my GPU. But please, tell me more about how oil isn’t a cryptocurrency, because clearly, I must have thought gas stations were running on blockchain now. It’s almost like oil, just like crypto, is a heavily traded, highly speculative asset that gets manipulated by markets, governments, and billionaires. Shocking, right? But hey, keep patting yourself on the back for pointing out the most basic fact imaginable while ignoring that oil prices get pumped, dumped, and speculated on harder than a meme coin.
You’re not a scam list forgot Litecoin LTC. Litecoin was popular for GPU miners before Etherum took over.
The ETH computer needs to update it's GPU so it can handle 4K
What does this have to do with cryptocurrency? Lots of Yemeni miners on drone boats going after cargo ships carrying GPU's?
I don't know what would have been, but it was ETH mining that brought me into crypto in the first place. Early 2021 I repeatedly started hearing about GPU mining, had a couple of good GPUs already, gave it a shot. POW definitely helped ETH a lot with its visibility and name recognition.
Sounds like a significant partnership! How do you see this impacting the broader crypto and AI landscape, especially in terms of decentralized GPU computing?
You could get a feel for it by mining Monero, it can only be mined on a CPU/GPU, ie a PC.
ETH sucks. They backstabbed GPU miners. Will never forgive them for going full corporate money. It's a profit orgy and you ain't invited! Ignore ETH.
Use the chains. Get yourself wallets to explore the actual ecosystem for money making opportunities. If you don't enjoy it, sell or swap to something else. I've never heard of popcat or aixbt and the other one sounds like a GPU not a blockchain. Flip some NFT'S, memecoins, and increase your stack 10% at a time. This is the algorand way.
I was about to get in when MTGOX hit. I watched it drop from $1,100 to $150 and waited until I was convinced that it survived the bottom. I remember when someone was getting 50 BTC every 10 minutes with a GPU. I was around when the Cypherpunk's Manifesto was being developed in alt.crypto on USENET.
For sure, I'm kicking myself for mining with my GPU back in the day and saying it's not worth it lol. Nice buy at 20k!
>An aggressive military campaign against Bitcoin mining operations could do just that. Especially if it takes large amounts of hash power off line right after a major difficulty increase. Repeat that multiple times and you can delay that halving. By weeks or months even You know not what you speak as the difficulty is based off of the amount of miners. If enough miners shut down, bitcoin could go back to GPU or even CPU mining. The reason why the difficulty is increasing is mostly due to price and miners wanting to win the reward for that block. >The difficulty is adjusted every 2016 blocks based on the time it took to find the previous 2016 blocks. At the desired rate of one block each 10 minutes, 2016 blocks would take exactly two weeks to find. If the previous 2016 blocks took more than two weeks to find, the difficulty is reduced. If they took less than two weeks, the difficulty is increased. The change in difficulty is in proportion to the amount of time over or under two weeks the previous 2016 blocks took to find. [https://en.bitcoin.it/wiki/Difficulty#Can_the_network_difficulty_go_down?](https://en.bitcoin.it/wiki/Difficulty#Can_the_network_difficulty_go_down?)
Bitcoin is not a traditional investment, I don't see how tarrifs would affect Bitcoin. 1 BTC = 1 BTC regardless of what happens. Bitcoin is not a CPU or a GPU, it can't be affected by trade wars, as it's not centralized in a specific country. Bitcoin is traded globally on exchanges.
You better mine a different coin with your GPU, sell what you mine and buy bitcoin. You GPUs will mine nothing in a 890 EH/s ASIC Environment
At this point, it’s safe to call him a shillionaire. So if you have any doubt's in GPU versions of crypto ask me i'll explain. all of them to clearly
I feel that ETH simply lost once they cut out the GPU miners ability to make some money. They turned it into a rich get richer closed system. Who cares about ETH anymore? It's just 'another' closed loop money maker for those already wealthy. What can I get from ETH? The answer is nothing I can't get somewhere else. Making some quick crypto was the heart and soul and they ripped it out. That's my take on it at least...
Why not you go search the internet or simply ask chatgpt about whether the tokens have any real world value before coming to conclusions. Let me give just one example. Render is trying to decentralise AI GPU access and it is backed by NVIDIA. I think this is critical because the tech oligarchs of Silicon Valley control every single last compute power for AI that ordinary people can’t get access to it cheaply to train their own AI models. In other words, these corporations have effectively full control over the building of the most powerful technology on earth. Blockchain technology could help fix this Some companies are trying to help you take ownership of your data too, so you don’t have to worry about these companies using your data to train their AI without you profiting from it. Through blockchain technology, you can prove you have ownership to certain data and can license it to companies for profit. Now, how do you do all this? Likely by building on a big and powerful, preferably decentralised blockchain platform. In this case it’s Ethereum. I need the ETH token to gain access to the Render token which I can then use to gain access to their decentralised GPUs. Then I need Chainlink to access blockchain oracle networks to retrieve data to train my AI models on. So, ETH’s demand goes up because I need it to pay for gas fees and access Render and Chainlink. If the uses Chainlink and Render provide are popular and useful, their tokens’ value goes up too because the demand to hold and hence use those tokens to participate in activities on the blockchain increases.
I do believe Web3 will eventually achieve complete decentralisation and ownership, but how many years or even decades it will take is out of my ability to predict. And to what extent this decentralisation will happen is also a mystery. Is it just ownership of data by token holders on websites, or can it take a step further. Perhaps ownership of chunks of GPU compute for ChatGPT and other AI models, where can trade compute as a commodity allowing those who need AI compute to easily gain access to it without large AI companies gatekeeping it. Web3 means a decentralised global ecosystem, and the web has a lot of services and each have different problems that they bring when trying to decentralise them and giving token holders more say and control.
Well, I can’t say I disagree with you. You make valid points. But our biggest problem isn’t AI. It’s those who control it. When the internet first came about, literally any dude could make a website. Learning to code in order to build a website is actually pretty easy (I’ve been coding for 8 years). AI though is a whole another level. You need to be skilled in statistics, maths, machine learning, python, data analysis and so many other skills. Even if you’re good at all that, the billionaires and corporations control AI compute. If you don’t have enough compute, you can’t train your AI models well, so the models are effectively useless. I think what we should we worried about is all these NVIDIA GPUs and AI compute power being concentrated in the hands of so few, such that only mega corporations are able to afford to build large scale and advanced AI. So essentially, they get to control the building of the technology that will change human society. If they decide they don’t like something, they have access to all the AI compute so they can train the AI models to not like it either. We need to decentralise AI compute power, or else everything you mentioned above won’t matter because we will all live in a dystopian society where people who control AI compute control everyone else’s lives. This is why I’m interested in blockchain and decentralisation technology. It could help us democratise access to GPU power to train AI models.
How long are you supposed to hold? Genuinely curious. As long as he is up from his buy in (or maybe he mined way back when it was GPU minable) then I'd chalk it up as a win. Could be worth a million in 2030, or could be worth zero. When does the time come when you sell, because if you just hold it forever, frankly it's worth nothing.
it came back. it's a GPU only coin. it needs to be put on an exchange or two. you know... like all these absolute scam coins have no problem achieving.
So after a week of smashing my head on the desk it turns out the issue was with how I was calling the GPU's. \--gpu-names "NVIDIA GeForce RTX 3080" "NVIDIA GeForce RTX 3080" "NVIDIA GeForce RTX 3080" "NVIDIA GeForce RTX 3080" "NVIDIA GeForce RTX 3080" "NVIDIA GeForce RTX 3080" "NVIDIA GeForce RTX 3060 Ti" "NVIDIA GeForce RTX 3060 Ti" Just wanted to share. Thanks you all of taking time to look at the problem.
I was CPU mining in the end 2009 on an Imac , GPU mining in 2010 with two Radeon 6990's that's 15 years.
https://docs.btcrecover.org/en/latest/GPU_Acceleration/
This is true, no idea why you're downvoted. Doge is a cryptocurrency with its own blockchain. Memecoins generally are tokens on some other cryptocurrency's Blockchain. You can actually mine Doge. Memecoins are entirely created by the person who creates the smart contact for the token. I'm not a Doge shill. Doge is just a copy of Bitcoin with a few lines of code changed, including using a consensus algorithm that was asic resistant at the time to allow users with a GPU to mine it when Bitcoin mining was no longer possible for most individuals. The other major change was the name and the logo on the original wallet software changed to the Doge dog. Even the creator just made it for fun.
True for majority. Completely wrong about XMR & LTC. Although LTC could (and probably should) be substituted with any modern coin with higher TPS and less ancient tech, but whatever. And yes, XMR absolutely is only used "as money" as much as it is because of cyber criminals, PDFs, drug dealers etc. Aka "privacy advocates" when they're typing a post on Reddit. LTC, similar, but less to do with privacy and more to do with it often being the preferred currency among Russian carders, initial access brokers, malware devs and ransomware affiliate reps for whatever reason. Probably just never transitioned away from it from the early days back when LTC was the primary "faster alternative" to BTC. + They don't gaf about "privacy" because the Russian FSB isn't prosecuting them for ransomware attacking an American or European hospital or university. Also, XMR's randomX pairs perfectly with LTC for botnet mining. XMR CPU and LTC GPU seems to be the meta now a days (mostly modified and crypted versions of Unam's old 'silent miner' github project).
>But what have they built on these trash chains, except scams and grifts? Well this is just an assortment of some of the stuff on Solana: Payments * Partnerships with the biggest payment providers in the world like Visa, Shopify, Worldpay, Stripe, and Paypal * Stablecoin supply growing fast and at an ATH * Great payment apps like Code, Sphere, Caffeine * Solcard, Solswipe, Quartz and Sanctum all launching SOL debit cards Protocol * New client Firedancer in the works and close to completion, partial version "FrankenDancer" already on mainnet. * SIMD228 proposing a inflation rate based on staking rates which would drop inflation to under 1% at current rates and 0% at it's lowest. * Addition of token extensions and zk-compression allows for more unique tokenization. * Onchain revenue massively outpacing the entire industry DeFi * DEXs: Jupiter, Raydium, Orca, Meteora, Lifinity, Pumpfun * Perps: Drift, Zeta, Adrena, Flashtrade * Trading Bots: Bullx, Photon, GMGN, Trojan, Bonkbot, Maestro, MEVX * Money Markets: Kamino, Save, MarginFi, Port Finance * Infra: Heliopay, Jito, DeBridge, Wormhole * Wallets: Phantom, Backpack, Solflare * Social Trading Apps: Vector.fun, Bags, Moonshot RWA * Ondo Finance: Launched USDY on Solana, a stablecoin offering 5.2% APY backed by US Treasury Bills and bank deposits, integrated with various Solana DeFi protocols * Franklin Templeton added Solana to the blockchains supporting trading of its onchain U.S. Government Money Market Fund (FOBXX). * Homebase: Tokenizes real estate for fractional ownership; launched in 2021, facilitated global investments. * Parcl: Tokenizes real estate for liquidity; launched, partnered with real estate firms, successful projects. DePIN * Helium: A decentralized wireless network; launched in 2019, covers large areas, adopted by companies. * Hivemapper: A mapping platform with user-collected data; launched in 2022, comprehensive database. * Render Network: A GPU rendering platform; migrated to Solana in 2023, large network for computing. * Grass: A decentralized data storage platform; launched, attracts users for secure hosting. * GEODNET: transforming global positioning services by building a decentralized Real-Time Kinematics (RTK) network that delivers precise, cost-effective corrections for GPS * [This report shows just how staggering Solana's lead is when it comes to DePIN](https://messari.io/report-pdf/9de6bbfaa6ad1a782fd94f70a6e8385f569689f7.pdf) AI * Nosana: A GPU grid for AI inference on Solana; launched, network of providers and developers. * Render Network: Supports AI via decentralized GPU rendering; migrated to Solana in 2023, used for AI tasks. * SendAI: Provides tools for AI agents on Solana; launched, adopted by projects for dApps. * ZerePy/AI16Z/ElizaOS/Virtuals: The most popular frameworks for AI agents all available on Solana * Solana constantly leading in AI mindshare via Cookie.fun SocialFi * timedotfun: This platform introduces time-based assets, allows users to sell, trade, and redeem time with others. It stands out by redefining fan engagement, enabling time-based smart contracts for personalized interactions, and creating a liquid market for time as an asset3. * Moonwalk Fitness: a fitness accountability app that combines daily step goals with financial incentives. Users can join or create a crew, set a daily step target, and stake their crypto like USDC, SOL, or BONK. Achieving goals protects your deposit, while failing leads to a forfeiture of a portion of your stake. * Drip Haus: A collectibles platform that airdrops free NFTs to thousands of users, peaking at 160,000 users.
Turns out that the real get rich quick scheme over the last few months this would have been to buy an RTX 4000 series GPU and sell it today, they’re like double the price lol. Oh well we don’t all have crystal balls
My 2GB GPU Hasn’t hashed shit in years
[https://bitnodes.io/](https://bitnodes.io/) Running a node is actually running bitcoin core on your computer (or a standalone GPU). Buying and selling bitcoin on an exchange is fine temporarily but ultimately if you really want to be a part of bitcoin, you'll understand what it is and you'll want to secure your bitcoin. It's not a currency, it's the entire ledger. A decentralized ledger for value has never existed in the way bitcoin exists. Eventually the world will catch up...
You only need 1 TB of disk space. You don't need a strong computer or a GPU.
My GPU, a 3070 can check a billion private keys a second. I could tell it some whale addresses to look for and run it until it finds a match. Most likely I'll just end up wasting time and electricity. Instead, I am using the GPU to look for the private key of [Puzzle 68](https://privatekeys.pw/puzzles/bitcoin-puzzle-tx), since it has a much smaller keyspace. I can search through 1/1000000 (one one millionth) of the keyspace in around 2 days.
Definitely not.. My 3 Antminer19s only mine around .000165 btc/day on a shared pool (and that's with about average 300-310 TH/S, so I can't imagine how little a GPU would generate..
> What are the other layer 1/2 coins that you suggest? Sui, MegaETH, Monad, Hyperliquid appear interesting. > Solana has become a memecoin blockchain While true, I still think it's got potential, as its devs are looking into other usecases. This has to be balanced with its current top mcap position though. > GPU decentralisation I think it won't take long before the market starts valuing it with a strict economic lense, like a traditional company. That is, the narrative won't enjoy speculative inflows like other crypto initiatives. When viewed from this perspective, I think the current valuation is too high.
What are the other layer 1/2 coins that you suggest? Also, I removed SOL complete, put all that money into RENDER and ETH. Solana has become a memecoin blockchain, I don’t wanna be a part of that. I think you may be right about RWAs not needing a seperate chain. I’ll look into it. I realise GPU decentralisation is new, but it seems very useful, especially with the whole open vs close AI battle right now. BTC claims to be digital gold, and XRP is backed by the RIPPLEUSD stable coin. None of them want to replace actual currency.
The only coins that make sense in your portfolio are ETH and SOL. * RWAs don't need a separate chain. * GPU decentralization is an unproven usecase that doesn't justify a #40 mcap. * XRP and BTC are supposed to be "money" coins, a usecase that'll get crushed by stablecoins. * INJ might grow, but if you're investing in this category, you should also diverse with other L1/2 tokens.
You realise that if one were to find even just 1 alt-coin that 10X every 1 cycle, over 20 years that would likely be 1000X or more on the portfolio? And it’s not just about money for me. You bitcoiners once claimed that Bitcoin was gonna replace the dollar. Someday, one cryptocurrency out there may replace the dollar, but it sure won’t be Bitcoin. Its transaction speed and gas fees are too high. You guys realised that and are now rebranding it as “digital gold”. The entire reason one would need this new “digital gold” is if the blockchain space as a whole grows, with Web3, DeFi, RWA etc. growing massively. If not, why can’t I just buy Gold ETFs instead of Bitcoin. And these altcoin projects are promising to decentralise a lot of major industries. I used to be quite into AI development before coming into crypto. I gave up on AI because all the compute power is hoarded by big tech giants who have all the NVIDIA chips. They have all the data to train the models and they get it for free from their users. Some altcoin projects are trying to decentralise GPU access and help users take ownership over their own data through tokenisation, and then decide later if they wanna make money from it. I don’t know about you, but I don’t care if the dollar remains the dominant currency. I want many of these monopolies to be decentralised and controlled by token holders. I don’t care about your digital gold. I have some bitcoin, it makes up 40% of my portfolio. But the rest are highly promising altcoins who want to change the world and all of our lives. They have to win!!