Reddit Posts
Mentions
I agree with some of your points, and I agree that mining centralisation hasn’t “broken” major chains like Bitcoin, nor am I suggesting it’s an existential emergency today. What I’m exploring is the impact of making mining more fair and widely hostable, and how that changes the feasibility of attacks and external influence that exist today, and have occurred in the past, largely because participation is relatively limited and concentrated. Even when miners are economically incentivised to behave honestly, mining infrastructure remains susceptible to regulatory pressure, censorship requirements, energy controls, and pool level coordination. This isn’t a new PoW algorithm or an attempt to outcompete Bitcoin economically. It’s a narrower and, as far as I’m aware, unexplored question: what happens if parallelism itself is removed from traditional PoW as a source of advantage, independent of hardware, and what happens when that enables mass participation of solo nodes? Instead of ASIC resistance or GPU resistance, the system enforces an equal work rate per node (1 hash/sec), effectively making it CPU-proof as well. The goal is to observe whether this materially changes participation, distribution of influence, and network resilience under real conditions. You’re right that incentives push large miners to behave honestly, but incentives don’t eliminate structural asymmetry, they simply make it tolerable. I’m curious whether engineering that asymmetry away meaningfully changes who can participate, how influence is distributed, and how the network evolves. If it turns out this approach doesn’t improve anything in practice, that’s still a useful outcome. That’s why I’m starting with demos and early stress testing rather than claiming it already “solves” decentralisation.
You'd think someone who is smart enough to invent GPU mining would be smart enough to have a throwaway reddit account. This is on you, bro. LOL
Are you just trying to solve the tendency of mining to become more centralized? I don't think that is a big worry anymore. Centralization of mining was more of a concern when the biggest worry was a concerted government attack by one or more nation. Even coins that use multiple POW algorithms to spread out mining like Myriadcoin aren't doing that well. You also have GPU only mining like Ravencoin that discourages centralization. They aren't doing that great either (although I think they will survive in the long run ... barely). As for the major coins like BTC, mining facilities have strong incentives to be honest even if they become too centralized. Last, decentralization isn't just about mining on a certain coin. The plethora of crypto coins is a form of decentralization too. Successful attacks on top coins would just result in their hardening and even forking. Like cutting off the head of a hydra, you just get several more.
Mining Bitcoin requires zero GPU, Bitcoin is mined with ASICS that can only be used to do sha256 and nothing else. Bitcoin also uses stranded electricity, allowing it to be heavily distributed, AI requires massive centralised data centres.
What he’s saying is.. mining bitcoin requires GPU’s and massive amounts of energy… but so does AI.. and theres a limited supply of GPU’s and energy snd all the infrastructure that goes into it and all these tech companies are spending hundreds of billions on the same limited resources bitcoin needs..
La meilleure méthode pour miner chez soi, c'est d'utiliser des GPU (des cartes graphiques). D'ailleurs la plupart des logiciels ASIC te demandent où sont tes GPU au moment de l'installation. Donc il te faut justement un ASIC qui coute environ 2000€ au minimum (je crois). En gros, c'est une carte mère minimale avec un bon processeur, de la RAM et plusieurs emplacements pour des cartes graphiques. Si tu veux faire ça sur ton PC maison, tu gagneras rien ou presque. Je pense même qu'avec ton pc allumé h24 7jours sur 7 tu perdras de l'argent. Je penses que le plus rentable est de louer des serveurs ASIC en mode cloud mining.
If your using it for just that "analyze products and market trends" it might give u some knowledge, but using it for anything else is laughable, 4 days ago it could remember things now it's useless yet they bought all ddr5 ram and GPU's before that
It’s a classic crypto confession: the soul-baring journey from paper hands to "this time it’s different." It’s raw, it’s emotional, and it reads exactly like a prompt that told an AI, "Write a relatable Reddit post for a crypto sub using the 'Hero's Journey' arc, but make it sound like I’ve been humbled by a candle." Here is a breakdown of why your "inner monologue" feels suspiciously like it was generated by a server farm: The AI "Sentience" Checklist The "Vulnerable Pivot": "The worst part wasn’t even the money — it was realizing..." This is the classic GPT mid-paragraph epiphany. It’s designed to make us feel like there’s a human heart beating behind the screen, rather than just a very efficient GPU. The LinkedIn Lunatic Rhythm: Short, punchy sentences. High drama. The "I’m posting this as a reminder to myself" trope—which is AI-speak for "I need a transition to the moral of the story." The "Conviction" Buzzword: Nothing says "I asked a chatbot for financial motivation" quite like the phrase "trading my conviction for emotions." It’s a bit too poetic for someone who just watched their portfolio pull a Houdini. They can smell their own…
We've seen a growing demand for privacy coins which has reignited interest in proven legacy coins like Nerva which has been around since 2018. Nerva is based on the same code as Monero but with a different algorithm that helps decentralize the network. Meaning private mining companies can't develop custom ASICs or deploy large GPU farms which would jeopardize the networks security. Definitely not a meme but time will tell.
Check whattomine .com find your GPU so see how much could get a day . Maybe 5cent , 10 cent .
but can you have a GPU tooth, like a gold tooth? i dont think so. touchè.
A watch absolutely can mine bitcoin, just not particularly fast. An Apple Watch, for example, has more processing power and connectivity than the CPU my friend used to solo mine 50 Bitcoin in 2009 or 2010. The probability of a CPU or even a GPU actually doing that again is minuscule. But as part of a mining pool a watch purpose built to mine BTC could absolutely make a few cents a year. This, however, does not appear to be such a device.
Today I discovered there’s a daily thread here. Been a part of the space since early 2017 starting out as an eth miner, building GPU rigs. I’ve made lots of mistakes and no I’m not rich now despite having discovered crypto that early, bc of said mistakes. That being said, I did make a decent amount of money in the space during the 2020-2021 bull market. Naive me “got back” into the space in Dec 2024 on beliefs of the cycle being on the full upswing again. Lost a lot of money leverage trading on Hyperliquid, and I kind of rejected crypto from that point on, partially because of the losses but mainly from having “seen the light” that was triggered by that event, that most of crypto is vaporware despite there genuinely being real-world use cases for it, amongst other things. I guess that was a blessing in disguise, since I became a tradfi normie and went back into the stock market at the beginning of last year and have since made up for those losses and then some. Why am I writing all of this? I guess just to share my story and perspective, as someone who was here maybe not in the “early days” like pre-2016, but earlier days than now. It’s a real shame that not even Bitcoin seems to be worth putting money into anymore, with current events putting its long marketed narrative of being a hedge or safe haven against fiat inflation to a real-time, real-world test (after its original narrative of being a currency failed to materialize), and showing that it may well in fact not even serve as that after all. I’m not writing this as a bear, it genuinely makes me sad to see the state of crypto after having been in the space in those earlier days. I wish Bitcoin was pumping with gold right now, proving the narrative of being a safe haven to be true, so I could feel good about starting to accumulating a position again at some point. This doesn’t change the fact that Bitcoin is a pristine, immutable, censorship-resistant asset, Eth is still the world computer offering invaluable decentralized finance services, and Monero is true digital cash, just to name a few. But, this is just another hole being shown in one of the many narratives of crypto that have been spouted over the years and I hope more people are realizing that some of the things that “nocoiners” have been saying do have some merit, even if it might not be for the same reasons they are/were saying it, as disappointed as I am to say this. I might go back to accumulating a small position of Bitcoin at some point just for the fun spirit of it, but it seems pretty clear that its touted position of being “digital gold” doesn’t seem to be holding much water, at least at this point in time. Or maybe it’ll go to the moon and I’ll eat my words :)
well said. Vitalik knows nothing about AI and how to decentralize it. No models, no code, terribly inefficient EVM that cannot train or run the simplest models = all talk. You want to decentralize AI folks? Every single one of you who have a GPU should be running your local AI that does not even need an internet connection.
I mined *a lot* of monero just before GPU boom and sold it pretty quick as it came. Would be up a huge amount of $$ but is what it is.
Yes. The guy in this picture is also one of the pioneers that found out that GPU's are better for mining than CPU's. 10000 BTC is probably the tip of the iceberg for him. He stated that this transaction helped adoption and he doesn't regret it
Thanks man. Back in the day when you could mine ETH with GPU, it was a nice market because it was literally a computer. But now, an ASIC in a home is not easy, first because they arent cheap and second because noise and heat, and usually electrical installation in a house cannot support more than 1 or maybe 2 with luck
With only a public key, recovering a private key is computationally infeasible under modern cryptography. However, recovery can become practical when there are strong, verifiable hints that drastically reduce the search space—such as a partially known mnemonic (e.g., 1–5 missing words, or several known words with gaps) and other constraints. From my perspective, legitimate wallet recovery can be a viable business in the future, but only when handled responsibly. I conduct strict compliance and ownership checks upfront to ensure the funds are lawful and that the request is authorized. If you’re working with secp256k1 at scale, performance quickly becomes the bottleneck. My repository (@ipsbruno3/secp256k1-gpu-accelerator) implements GPU-accelerated elliptic-curve point arithmetic in OpenCL, enabling very high throughput (over 1 billion per seconds) for research and benchmarking workloads.
Because after the attack the CPU /GPU still have value. If you attack a coin with asic friendly pow, all your asic become useless.
https://i.redd.it/bmcwqvazaleg1.gif The code also automatically rents GPUs from [Vast.AI](http://Vast.AI) and is highly scalable. I managed to hit 80 million hashes per second at some points at a cost of $70 per GPU per month. Each RTX PRO GPU processed 1.2 million seeds per second, and the RTX 5090s processed over 1.1 million. If any company is interested in my work, I can sell this project. I still need about $35,000 to recover my seed with several Bitcoins.
Thank you to everyone who commented. I believe that in a few months I should have positive results to share with you. This dashboard connects to a distributed fleet via **WebSockets** and aggregates **real-time telemetry** (GPU status, per-slot progress, global throughput, and live updates) directly from the workers. The server also tracks slot ownership, freshness/heartbeat, and progress ranges to produce accurate ETAs and a clear “what’s running where” view. The system is designed to scale horizontally and is currently scanning candidate space for my lost seed at **40M+ hashes/sec**. Check out my work: https://i.redd.it/lcjurvo9aleg1.gif
Whales are looking to liquidate MSTR as they publicly stated that they would be in trouble when BTC reaches $20k. All hell will break loose, cascading domino effects, all exchanges bankrupts as reserves are all fake, 99.99% of projects capitulates as Devs can't pay the bills and finds a real non crypto job, miners switches off asic and pivots to providing GPU for AI instead, everyone's portfolio goes down 90-99%, USDT depegs, and we start over fresh.
Running nodes. I'll put in that money into buying GPU. AIOZ is one of the recent projects who shared info about how to run the [AIOZ CLI](https://x.com/AIOZNetwork/status/2012239177069281739?s=20) node. It's easy and passive.
This is why when ppl used to mine, you mined shit that was ASIC resistant. At least then, you have a GPU able to do something else.
That's how it's supposed to work but unfortunately more miners cannot join in economically as modern mining is so efficient anything other than using a state of the art ASIC (from the past 2 year) and living in a low cost electricity market, will not be economical. Difficulty going down doesn't make GPU miners viable. It may allow ASICs from 5 years ago to re-enter but it's not like the old days where many people had the hardware to competitively mine.
It’s incredible looking back at how much the space has evolved. I remember when mining was all about the community. Sharing tips, troubleshooting rigs together and just figuring it out as we went. The shift from GPU to ASIC was such a pivotal moment. It felt like we were part of something huge that was just beginning to unfold. Now with mining so commercialised it’s wild to think about those early days and how much they shaped the ecosystem we have today. Feels like a lifetime ago but those roots still influence everything.
Every year, computing can check all those atoms or grains of sand a lot faster. A GPU can already do more math in a millisecond than I can by hand in a lifetime. Sure, it’s many orders of magnitude off from cracking a Bitcoin wallet, as is all the computing power in the world combined. But that’s today, and who knows what tomorrow may bring. This is, after all, still a finite number, which literally means that it’s not impossible with enough time and computing power. And the issue with Satoshi’s wallets in particular (assuming he’s dead and/or the private keys are lost) is that they can never be upgraded with the rest of the network to a new quantum-proof solution, forever existing as a bounty for some potentially mind-blowing supercomputer of the future. Everyone else who upgrades their wallet in time will be okay, so I don’t think this is doom and gloom, but I fully believe someone will eventually crack some of those wallets. It might just be a hundred years from now. Or ten. But wtf do I know.
DDR5 or a GPU, but only when in profit. so after the 17k crash a few years ago. You bought then right?
The water is more concerning. New GPU’s run so hot they cant physically be cooled by air. Not even close circuit as the water gets hotter than your shower. They can only be evaporative cooling or pump and dump where that shower water gets dumped back into rivers or streams killing everything
Yeah The xpub it's not useful for me! You are right I would most likely end up spending more electricity than it's worth, although I can adjust the script to GPU acceleration if any reditor wants I can do that for them to try I didn't do it because I don't own a GPU 🫣, I'm poor don't judge. I'll keep trying maybe I get a strike of luck I'll also review my script maybe bloom filters can be applied.
Butterfly effect. If you had your memories from today but were back in your body from 2010, you would act differently than you had done it the first time round. Therefore, your changed actions would have the potential to completely alter the course of history - maybe not in any meaningful way on the global scale, but definitely in your personal life. He might be able to force the encounter with his wife, since he'd presumably know where she lived at that time, but it definitely wouldn't have occurred "naturally" like the first time. This dude aside, I'm not married so I'd definitely rewind back to 2010 and get a massive GPU rig!!
In 2018 I used my GPU mining rig to heat my apartment in Pennsylvania. People said it was a stupid idea but I was killing two birds with one stone
finally an explanation for why I run so hot when I'm sick my body's literally a mining rig and the fever is just the GPU temps going through the roof. no wonder I need to hydrate so much - gotta keep that cooling system running next time my doctor asks about symptoms I'm just gonna send them my hashrate
> Actually, I'm looking to buy a new GPU soon because prices are most likely going to go up > I'll assume you're not familiar with the deflation that Japan had experienced for the past couple decades, if not longer. Japanese people got into a saving mindset after the dotcom bubble. Thus, despite hundreds of billions of dollars in stimulus from the central bank of Japan, Japan still experience deflation and a stagnant economy all because people don't like to spend over there. I'll also assume that you're not familiar with the works of Milton Friedman: "In their 1963 book A Monetary History of the United States, 1867–1960, Milton Friedman and Anna Schwartz laid out their case for a different explanation of the Great Depression. Essentially, the Great Depression, in their view, was caused by the fall of the money supply. Friedman and Schwartz write: "From the cyclical peak in August 1929 to a cyclical trough in March 1933, the stock of money fell by over a third." The result was what Friedman and Schwartz called "The Great Contraction" — a period of falling income, prices, and employment caused by the choking effects of a restricted money supply. Friedman and Schwartz argue that people wanted to hold more money than the Federal Reserve was supplying. As a result, people hoarded money by consuming less. This caused a contraction in employment and production since prices were not flexible enough to immediately fall. The Fed's failure was in not realizing what was happening and not taking corrective action." As you can see, hoarding money doesn't lead to anything good. Bitcoin would exacerbate this because its purchasing power increases due to its fixed supply. Even Hayek was against deflation: “There is no doubt, and in this I agree with Milton Friedman, that once the Crash had occurred, the Federal Reserve System pursued a silly deflationary policy. I am not only against inflation but I am also against deflation! So, once again, a badly programmed monetary policy prolonged the depression” “Although I do not regard deflation as the original cause of a decline in business activity, such a reaction has unquestionably the tendency to induce a process of deflation – to cause what more than 40 years ago I called a ‘secondary deflation’ – the effect of which may be worse, and in the 1930s certainly was worse, than what the original cause of the reaction made necessary, and which has no steering function to perform. I must confess that forty years ago I argued differently. I have since altered my opinion – not about the theoretical explanation of the events, but about the practical possibility of removing the obstacles to the functioning of the system in a particular way”
>The answer is because you need or want it now, inflation/deflation has nothing to do with it. Actually, I'm looking to buy a new GPU soon because prices are most likely going to go up >Completely false. Inflation is not needed to incentivize businesses to be more productive, seek out investments, or spend their money. That is a natural want to people to have. I'll assume you're not familiar with the deflation that Japan had experienced for the past couple decades, if not longer. Japanese people got into a saving mindset after the dotcom bubble. Thus, despite hundreds of billions of dollars in stimulus from the central bank of Japan, Japan still experience deflation and a stagnant economy all because people don't like to spend over there. I'll also assume that you're not familiar with the works of Milton Friedman: "In their 1963 book [*A Monetary History of the United States, 1867–1960*](https://en.wikipedia.org/wiki/A_Monetary_History_of_the_United_States), [Milton Friedman](https://en.wikipedia.org/wiki/Milton_Friedman) and [Anna Schwartz](https://en.wikipedia.org/wiki/Anna_Schwartz) laid out their case for a different explanation of the Great Depression. Essentially, the Great Depression, in their view, was caused by the fall of the money supply. Friedman and Schwartz write: "From the cyclical peak in August 1929 to a cyclical trough in March 1933, the stock of money fell by over a third." The result was what Friedman and Schwartz called "The [Great Contraction](https://en.wikipedia.org/wiki/Great_Contraction)"[^(\[9\])](https://en.wikipedia.org/wiki/Causes_of_the_Great_Depression#cite_note-9) — a period of falling income, prices, and employment caused by the choking effects of a restricted money supply. Friedman and Schwartz argue that people wanted to hold more money than the Federal Reserve was supplying. As a result, people hoarded money by consuming less. This caused a contraction in employment and production since prices were not flexible enough to immediately fall. The Fed's failure was in not realizing what was happening and not taking corrective action." [Causes of the Great Depression - Wikipedia](https://en.wikipedia.org/wiki/Causes_of_the_Great_Depression) As you can see, hoarding money doesn't lead to anything good. Bitcoin would exacerbate this because its purchasing power increases due to its fixed supply. Even Hayek was against deflation: “There is no doubt, and in this I agree with Milton Friedman, that once the Crash had occurred, the Federal Reserve System pursued a silly deflationary policy. I am not only against inflation but I am also against deflation! So, once again, a badly programmed monetary policy prolonged the depression” “Although I do not regard deflation as the original cause of a decline in business activity, such a reaction has unquestionably the tendency to induce a process of deflation – to cause what more than 40 years ago I called a ‘secondary deflation’ – the effect of which may be worse, and in the 1930s certainly was worse, than what the original cause of the reaction made necessary, and which has no steering function to perform. I must confess that forty years ago I argued differently. I have since altered my opinion – not about the theoretical explanation of the events, but about the practical possibility of removing the obstacles to the functioning of the system in a particular way” [Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Hayek on Secondary Deflation](https://socialdemocracy21stcentury.blogspot.com/2011/01/hayek-on-secondary-deflation.html)
I’ve cracked seed phrases with up to 3 words missing within a few hours. With 4 words it might take a day or two with consumer GPU hardware.
That's pretty good, well done :) Maybe it's going a little bit beyond the question (and also you went in that direction already), but I definitely would add that if blocks are coming in too fast (= difficulty too low) it increases the likelihood of undesired consequences, such as orphaned blocks or worse, temporary chainsplits that might result in short term chain reorgs. In the past, it also had a nice side effect of preventing people who made big leaps in mining hardware (first GPU miners, first ASIC miners etc) from acquiring too many coins too fast, ensuring a more distributed coin ownership, or at least a fairer chance of such. Nowadays, with most of the coins mined already, it is less important but still a great reminder of a well thought out incentive design by Satoshi.
Honestly people don’t use GPU to mine unless for hobby. So no impact there
Wow, that's incredible! 2 billion on a modest GPU is absurd. What tool were you using? My secpk accelerator is doing 1 billion per second using point\_add; the trick here is that it doesn't need to keep redoing multiplication on big ints all the time, just add a point on the curve, incrementing and summing. Regarding my seed, you're partially correct. The last 5 are 2048\^4\*128 and not 2048\^5. The last word in BIP39 is a checksum of the first 11. This is the trick that will allow me to recover my Bitcoins in 3 years and not 40 years.
Hashcat , on GPU, if you have a general idea of the password it's doable, I cracked a LUKS2 with 2x 3080 , took two months
That's the beauty of BIP38 - unlimited attempts, you just need patience... and a lot of GPU power 😅
Let's just say it was definitely worth the mass GPU hours 😉 But honestly, even if it was 0.01 BTC, the satisfaction of finally cracking it after 7 years would've been worth it.
Not really.... Cheap GPU means more nodes
Isnt GPU Price increase extremely bad for miners and bitcoin? Im worried, 5000 Dollar for a 5090 seems insane
Wen RAM, GPU, CPU RWAs.....?
Gridcoin (GRC) Started off much like Folding@Home where you donated GPU/CPU cycles to projects that actually directly contributed to real life projects and humanist goals. Dev soon enabled ASIC support when they were fresh on the scene and it destroyed the entire narrative of altruistic intent as the blockchain was immediately dominated by the few equipped to go bonkers on it then flood the market. An attempt was made to balance/scale the rewards eventually but not before the damage was done.
I was like, "I absolutely do find this interesting and would like to do it. However, my procrastination wetware dictates that I shelf it for later." After CPU mining is no longer viable. Then GPU, then FPGA, then ASIC (need a farm). Then the dip and the dip after the peak,...
RAM is in extreme demand and zero supply. GPU ‘s used to also be this way back in 2020 and now they are about to be again. So Micron and Nvidia and other AI partners will be even more crazy in the next 10 years
"Nvidia incorporates Bitcoin into GPU development!" Ok, run that baby as a headline. The stonk and BTC price will fly
One could be SOL and the others in utility Altcoins, with solid projects based on RWA, AI, Cloud, Cybersecurity, GPU...
You haven't been paying attention if you don't think Bitcoin is a medium of exchange (yet still assuming you're just meaning like Fiat and everyday product and service purchases)... Even so, Look what Jack Dorsey and square are doing... Jack mallers and strike... It's always been a medium of exchange, all the way back to Laszlo the pizza guy, May of 2010 But it can be lots of things Store of value Money Digital gold Digital capital Delayed proof of work And what I'm not wanting which is ordinals and a spammer storage Paradise What's funny about pizza guy is that it really wasn't a medium of exchange as Fiat was still involved... Which is really what strike is doing putting Bitcoin in between... Laszlo on Craigslist offers to pay 10,000 Bitcoin for pizza delivery, But pizza delivery guy has to use his Fiat to buy the pizza... You might not know it but laszlo did this multiple times! 40 to 50K? I think it's enough to where he doesn't want to admit, but Satoshi was blaming him for hogging all the mining and not getting Bitcoin distributed quick enough, which is ironic. Considering Satoshi now seems to be responsible for a freezing over a million Bitcoin... Laszlo started GPU mining by the way Bitcoin is supposed to be peer-to-peer but involves middlemen anyway because we're still so stuck on Fiat and banking, and exchanges... Someday it may be more strictly peer-to-peer and fully disintermediate the middlemen... We've always been able to operate it that way if we want... Since Hal Finney and Satoshi moved around the first 50 Bitcoin
It's an app that uses GPU... I'll send you the link so you can see for yourself. https://t.me/ProfitHubMining_Bot?start=404207
Look into Level 1&2 coins. At some point in the near future, one of either data centers, miners, or hospitals are going to be odd man out when it comes to sufficient access to power. A bitcoin transaction takes about 7k kw. Level 1$2 blockchain transactions run on $3500 GPU’s and cost $.30/hr to run and do 1000’s of transactions an hour. But it’s a roulette spin which on hits.
You need HDD to mine? I thought GPU only.
Case for yes: throughput, consumer apps, active devs across Jupiter, Phantom, Drift. Keep core in BTC and ETH; add a measured SOL sleeve and review yearly. If you want utility overlap, follow Ocean Protocol for data, Akash for GPUs, Render for GPU work.
No, that's not happening anymore. The mining difficulty level we have today requires operations at industrial scales. You can't mine on a consumer grade CPU or GPU or even a small dedicated miner. The returns will be insignificant.
you can’t. Miners are hardly achieving profits with economies of scale and using free electricity. Your best shot is to mine some GPU alt if you have already some beefy GPU available, do not buy one for this purpose as ROI is just not there
BSC token : 99,9% are scams or memes. I can't name a single serious project on that chain. Twitter feed : more than 400K followers, all are artificial / paid. All the posts are only commented by bots. Pinned post is about a 30% staking revenue, why would a tech token need a staking revenue? Everythiing about their twitter feed screams SCAM Chart : Goblin Town with no sign of recovery in sight As for the tech : yeah there's nothing note worthy or ground breaking. Another GPU wannabe network. There are so many out there already, this one is probably the last one I would pick. I'm not even sure their data center exists, and if it does why would it need a token
In terms of prssing I'd say no. I put in a Ryzen 7700 (which was about $300ish when I bought it), on a reatively cheap motherboardd, but saying that's not powerful is relative to what you're comparing it to. My server is basically a mid to lightweight gaming build. But it doesn't have a monitor of peripherals. I SSH into it over my home wifi, hence the 'headless' label. For context, it cost me about $1500 to build the server from parts. I do have 10TB of on board SSD (which is about half the cost), which is a bit overkill but allows me to index for faster querying. The entire blockchain on a node is compressed, but is still approaching 900GB. Unpacked and indexed, I'm looking at about 3.4TB of space needed just for the database. I have a script running live processing on every block as it arrives, so I'm always within a minute of true live data. I'm looking at upgrading my RAM this month from 32GB to 64GB and I'll be adding a GPU at some point for some more advanced stuff... I just stood up a web server ($5 a month and $10 for the domain), and I'm currently writing some cron jobs to push data up to the web automatically for those who like analytics. Hoping to build a community, eventually... like glassnode, but without a paywall. One can dream... I don't care to create a company... but just spread Bitcoin cheer and awareness. If you're asking about power because of mining (which is a common misconception) which does require a lot of power, I felt it important to highlight that running a node from a power perspective is really light. It might cost me between $10-20 annually to run my node and analytics from an electricty point of view.
probably just broad market weakness and rotation into Bitcoin/AI hype assets ETH hasn't been catching strong inflows like BTC, liquidity's tight and sentiment's titled risk off lately so it's lagging despite any AI/GPU narrative.
I am super glad I finally decided to sell. I bought myself a ford fiesta (2015 model) at a great price, I now own a VR headset, and an all new GPU. It feels good to know I sold at 100K, Was literally one of the fest to h fresh and there was no turning back to such highs. I always knew bitcoin was not going to make it. But I am at least finally living the life
No need to buy it. You just mined it on your laptop GPU before exchanges. And the first exchanges were very early.
This guy invented GPU mining. He had much more Bitcoin than most other players at that time, Satoshi asked him to spend a bitcoin to allow for more to enter the ecosystem.
By this logic we should use AK-47’s and GPU’s as a smart store of tangible value.
By this logic we should use AK-47’s and GPU’s as a smart store of tangible value.
TRUE. How can they spend their money on such a garbage trap? You have to choose the useful ones. I think RWA, GPU and cyber security will work well.
He doesn’t. GPUs haven’t mined Bitcoin since like 2015. And the last GPU miners all basically went extinct in 2022 when Ethereum upgraded to proof-of-stake. I wish there were something worthwhile to mine, it was great heating my house with my gaming PC in these cold winter months.
That depends on where you're looking. Ten years you say? Funny, that's how long it's taken one project to hypothethise a better system and implement it this past year with a new computer language. It's the only player in the AI space that is not a large language model or requires a GPU. They have patents and are implementing the next generation of governance where conversations scale beyond millions of individuals so everyone can have a voice. Gone are the days of weighted bias for today's DAO's where more money = more votes. Decentralized development is taking a leap at Tau.net.
Laszlo Hanyecz wasn't a trader though. He spent bitcoin. It's ok to spend bitcoin but trading bitcoin isn't a wise idea. Laszlo Hanyecz invented GPU mining and he owned so many bitcoins that Satoshi actually encouraged him to spend a bunch of them to get them into circulation. Hanyecz estimates that he spent 100,000 of them on pizza in 2010. We celebrate that day because it was the first known time that someone purchased something with bitcoin.
He wasn't trading. It's ok to spend bitcoin but trading bitcoin isn't a wise idea. He invented GPU mining and he had over 100,000 bitcoins, and he spent a bunch of them on pizza. It actually was good of him to get those bitcoins out into circulation instead of hoarding 100,000 bitcoins only a year after bitcoin was launched.
Did you mine more coins with the new GPU or did you simply stop?
Because they are worthless. If you are looking for an altseason you have to see serious useful projects such as GPU, AI, cybersecurity...not memes
If you’re trying to mine actual Bitcoin with an RX 7600, sorry bro… you’ll find gold in your backyard sooner. Your GPU can mine other coins via NiceHash. It pays you in BTC so you still feel like a Bitcoin miner🤣
Missed GPU mining by a hair (about a decade). Forget it. Mining is an industrial scale competitive business. It's like drilling for oil with a tea spoon.
Again, sort of. Yes for gold but no for GPU and Ram. That was definitely the case previously but now the increases are due mainly to AI. The energy cost of mining and the cost of transactions for Btc are one and the same. A Btc transaction is validated on chain in a block. A block is completed when the Btc within the block is successfully mined. The difficulty, the average amount of energy that’s required, to solve a block goes up and down dependent on the amount of time that the previous blocks took to solve/mine. By and large the whole “Bitcoin uses enough energy to power a small country” narrative was promoted by parties who were against crypto and not the energy usage itself. You can see this is the case with Bill Gates 180 degree pivot from “Bitcoin energy usage is bad” to “AI Energy usage is necessary” for example. But going back to your original point I agree with you for the most part.
Yea but the actual action of trading the gold for goods and services only uses energy with your arm muscles. Crypto currency is sucking up energy via mining AND transactions. It’s also causing GPU and RAM prices to skyrocket. Look at RAM currently… that has to be factored in as well.
Even if BTC faces a down cycle, solid DePIN projects are still building real infrastructure. AIOZ with decentralized streaming, RNDR with GPU rendering, and TAO powering IoT nodes, all continue growing, these are the plays that matter long term. HODL guys.
Let me explain in economic terms why teeth will never replace Bitcoin, no matter how “whitepaper-ready” they look. --- ## Why Teeth Are NOT the Next Bitcoin *(But would make a great meme coin.)* ### **1. Scarcity? Yes. But… too biological.** Bitcoin: fixed supply of 21 million. Teeth: fixed supply of **32**, minus whatever your childhood self already traded to the Tooth Fairy for quarters. Ultra-scarce? Yes. *Investable?* Not unless you want a smile that resembles a broken picket fence. --- ### **2. Permissionless? Technically… no.** Bitcoin: Anyone can mine. Teeth: You technically need: * a dentist’s approval * anesthesia * emotional support * possibly a ride home This is **NOT a decentralized extraction protocol**. --- ### **3. Trustless? Hard no.** Bitcoin lets you transact with strangers without trust. Teeth require: * trust in the tooth’s origin * trust that it’s not “freshly harvested” * trust that the person didn’t just pull it out in the parking lot like a barbarian *No one wants KYC to stand for “Know Your Canines.”* --- ### **4. Fungibility Problem** Bitcoin: every coin is equal. Teeth: * This one has a cavity * This one is yellow * This one is suspiciously sharp * Why does this one have braces still attached? It’s basically the opposite of fungible. It’s **funny-gible**. --- ### **5. Portability** Bitcoin: fits on a USB or your brain for all I care. Teeth: Imagine carrying a bag of loose molars everywhere. That’s not a “wallet”—that’s **evidence**. --- ### **6. Durability** Bitcoin lasts forever. Teeth… well: * Coffee * Sugar * Forgetting to floss * Accidental popcorn kernel attack Your currency shouldn’t be defeated by caramel. --- ### **7. Permissionless Mining** Bitcoin miners: GPU rigs plugged into the wall. Tooth miners: Oral surgeons with a 6-year degree and a dental drill. Not very inclusive for the average degen. --- ### **8. Deflationary Mechanism** Bitcoin: halving events. Teeth: “oops I chipped it on a tortilla chip.” You don’t want monetary policy dictated by snack foods. --- ### **9. Self-custody Is a Nightmare** "Not your keys, not your coins." "Not your teeth, not your… gums?" Losing your hardware wallet is stressful. Losing your tooth-wallet is a trip to the ER. --- ### **10. Network Effects** Bitcoin has millions of users. Teeth currency would have: * dentists * pirates * the Tooth Fairy That’s not an economy. That’s a children’s book. --- ## Final Verdict While teeth are: * scarce ✔️ * unique ✔️ * hard to fake (usually) ✔️ They are also: * gross ❌ * painful to “mine” ❌ * not accepted at Starbucks ❌ * likely to get you arrested ❌ So yeah, Bitcoin will remain safe from being replaced by molar-based money, at least until someone launches **ToothCoin (TTH), “Because value should hurt.”**
ASICS are basically the sha256 algorithm in hardware, it can physically do anything other than hash, it's not a CPU. It's not a GPU.
Examples: Ocean’s Compute-to-Data for safe AI on sensitive datasets, Akash’s growing GPU marketplace, Render’s distributed rendering and AI work, Bittensor’s incentive-driven subnets, AIOZ’s DePIN for storage, streaming, and edge AI.
I had \~40 BTC in Mintpal. And got fucked by the asshole that bought it. At the time, it was $300/coin, so I can still rationalize the loss and not get too irritated. I got ripped off by Cryptsy. No idea how many different coins I had sitting in their wallet. Poof. Strange how that can just disappear because the owner got divorced. I was mining BTC using pool miners. Pretty sure there's something sitting in a wallet somewhere after they used my GPU's. No idea where that went. It was the wild west. And in some ways, still is. Keep your coins safe brothers. Keep your receipts.
And none of you used the GPU version!
Jesse, I hope you've got some epic cooling systems because mining is no joke these days! Breaking Bad reference aside, I started mining BTC back in 2017 with just one GPU and quickly learned how much electricity and heat those rigs generate. My apartment became a sauna! If you're actually considering mining, just know the game has changed dramatically. ASICs are pretty much mandatory now, and the initial investment is hefty. Plus with the recent halving, rewards just got cut in half. You tried mining anything before? I'm curious what setup you're thinking about. Sometimes joining a mining pool makes more sense for newcomers than going solo.
Its the same as 2020 before the crazy bullrun. PC ram,ssd,soon gpu shortage AI will go much bigger, this right now is not even close to the bubble pop. Everything is gonna explode> Crypto> GPU prices > everyone is panic buying a PC and Hardware, this will make Stocks and Crypto go pump even more. hf everyone
Its the same as 2020 before the crazy bullrun. PC ram,ssd,soon gpu shortage AI will go much bigger, this right now is not even close to the bubble pop. Everything is gonna explode> Crypto> GPU prices ye hf everyone
Post is by: Rationally-Flawed and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1p8b9ou/a_value_investors_take_on_ionet/ io.net is the exact spot in the curve where real conviction meets ridiculous mispricing. They’re quietly scaling out what NVIDIA could have built in 2017—actual decentralized GPU firepower that doesn’t require paying cloud services markups that choke out early stage companies/startups in the growth phase - io.net’s team is solid on all fronts and having a working proposition— - If you remember NVIDIA before it became a trillion-dollar stock, you already know what I'm talking about What can go wrong? Everything, of course. People and the people who program bots are unpredictable :) I'm bullish because of the solid team and the proposition *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*
Not just GPU mining, but countless client and consensus bugs, pooled mining, and actually using Bitcoin to move money around instead of just savings like mosts larpers.
lol at redditors holding 0.1 BTC, dunking on one of the OG bitcoiners. not just a HODLer, but someone involved in moving the tech forward (GPU mining)
I’m told by my guy at Morgan Stanley that American Bitcoin Mining, the Trump enterprise, is getting priority on every NVDA GPU that they want and IREN is extremely peeved off because they’re being put on the back burner, but there’s nothing that they can do. (not a ‘trust me bro’ this guy is serious) That fvcking fvcking family is one huge crime wave.
While everyone is chasing ETF coins and VC-backed L1s, some smaller PoW chains like ZeroClassic keep quietly building. No premine, GPU-mineable, zk-SNARKs, actual on-chain utility (messaging), long-term emission. If the market rotates back to “old crypto” narratives, PoW + privacy might surprise people again.
Start with BTC and ETH, buy on a schedule, learn custody. If you dip a toe into alts, keep it small and pick utility. Ocean for governed data access, Akash for decentralized GPUs, Render for GPU work, Bittensor for AI services.
Good mindset. Set a DCA plan and kill leverage. While you wait for sentiment to flip, watch builders that ship useful rails. Ocean for compute on sensitive data, Akash for GPU capacity, Render for rendering, Bittensor for specialized AI subnets.
"The 99% of cryptocurrency that promised to 'replace money' has replaced only my free time and my patience." The truth is, most altcoins don't even attempt to be spendable, and instead are "venture capital playgrounds, chips at casinos, and tickets to memes." The ironic part is, it was only one type of cryptocurrency that has ever provided me with something called a "use case," and it was not one of those top coins. Ended up mining an old school project called ZeroClassic, or ‘ZerC’— not because it's "the next Bitcoin" as others call them, but because it's the only chain I've worked with that does something besides buying coffee. They have: * **GPU mining with no huge VC pre-mine** * **zk-SNARK privacy** baked in * **on-chain chat / messenger** (no servers, no logs) * Infinite supply but slow emission, so no artificial scarcity games This is the first time that I, personally, have used a coin for something other than buying things, and maybe that is why this approach works. It is made for, not by, merchants. "Perhaps that's what cryptocurrency markets need," So, stop emphasizing "crypto payments" and start focusing on creating something that can be used. Thus, I am sick of hearing about chasing cryptocurrency as money when no one can really practice what is being pitched.
Concentration has been rising for 15 years. Even the mining-pools leave but a few satoshis for Retail in the face of industrial GPU mining-farms. It's slow and volatile, but the percentage is steadily climbing while the average retail-wallet shrinks. Damn sounds just like fiat wealth concentration too, doesn't it lol.
What matters most to me: real utility with paying users, a token that actually gates or meters access, and unit costs that beat the incumbent option. Memes fade. Cash flows don’t. Examples that pass this filter: * Ocean Protocol for privacy-preserving AI on sensitive data via Compute to Data. * Akash Network as a decentralized GPU marketplace with clear pricing advantage. * Render Network for distributed GPU rendering used by creators and studios. * Bittensor subnets that incentivize specialized AI services