Crypto miners are buying up all the AMD Ryzen CPUs

[godrilla]

Barely below? Bitcoin is almost three times as big. It's a distant second. POS? Ok, that doesn't need ASICs, but is less secure. Anyway, that's beside the point of these guys buying CPUs, which is the worst way to mine.

Worst way to mine but maybe best way to launder.

 

[Endymio]

Oh the irony! Literally all the things that crapto was created to combat, it has created and is far more susceptible to those same things.

Just shows its creators were not as smart as they thought.

Actually, this post shows the most complete and utter misunderstanding of all things crypto that is humanly possible. Again: neither Bitcoin nor Ethereum nor any other major cryptocurrency has ever -- ever -- been subject to value erosion due to an increase in the underlying monetary supply, I.e. unregulated printing. Price fluctuations are due entirely to changes in demand, rather than supply.

Furthermore, no one has ever been defrauded of their crypto holdings unless they've already entrusted those holdings to a third party of some sort. Keep your keys in your own pocket, and you'll never need worry.

 

[Srksi]

Pffft. We lovers of PS3 emulation were keen on AVX512 before it was cool!

 

[WhoCaresAnymore]

Call me ignorant, or I just don't get it.
Bitcoin has no real value or anything to back the "currency". Let's say your phones and internet go out. You have Gold, Silver and Cash to use. Nobody is accepting anything electronically.

How can you use Bitcoin? Will they barter eggs, labor, or anything for something that's just a number on a screen? I won't do anything for anyone without Gold, Silver or Cash (At least while cash is still being accepted).

Or is this just one of those Gen Z crazes where they think they are getting rich, but are just part of a pyramid scheme.

 

[WhoCaresAnymore]

Actually, this post shows the most complete and utter misunderstanding of all things crypto that is humanly possible. Again: neither Bitcoin nor Ethereum nor any other major cryptocurrency has ever -- ever -- been subject to value erosion due to an increase in the underlying monetary supply, I.e. unregulated printing. Price fluctuations are due entirely to changes in demand, rather than supply.

Furthermore, no one has ever been defrauded of their crypto holdings unless they've already entrusted those holdings to a third party of some sort. Keep your keys in your own pocket, and you'll never need worry.

F'that. Gold/Silver are my reserves. What happens if that "key" gets corrupted. Whoops.

 

[erickmendes]

At 570$ the 7950x takes 6,3 months to pay itself... It's very risky, if Qbic price fall the processor may not pay itself anymore even with free eletricity. Also the 7950x price can fall in the long run then all you did as loose money.

 

[ZedRM]

The governments of the world just need to ban cryptocoin flat out. It's a literal nothing sinkhole. It solves nothing and creates nothing but problems..

 

[Endymio]

The governments of the world just need to ban cryptocoin flat out.

Or, they could put freedom ahead of kneejerk emotional reactionism.

Let's say your phones and internet go out. You have Gold, Silver and Cash to use. Nobody is accepting anything electronically.

Bitcoin is more intended to be a hedge against your local government devaluing its currency and/or seizing assets -- something we've seen dozens of times around the world in recent history alone.

If you're talking about a true Zombie Apocalypse scenario ... well, gold and silver aren't going to be worth much for barter either. Keep your nuclear bunker stocked with whiskey, ammo, and prime young mating stock.

 

[atomsymbol]

Oh the irony! Literally all the things that crypto was created to combat, it has created and is far more susceptible to those same things.

Just shows its creators were not as smart as they thought.

You are confusing a blockchain with a crypto-exchange. Those are two _very_ different things.

 

[atomsymbol]

Suuure thing buddy, try doing anything crypto related without an exchange. And no, trading chickens for crypto is not a valid alternative.

It is a false statement that "anything crypto related requires an exchange". I have bought Ryzen 3900X some time ago using BTC in Europe, which is legal in my country. The transaction itself did not involve a crypto exchange. If you are living in a country where crypto isn't accepted as an alternative legal means of payment then I cannot do anything about it. One can literally choose from thousands of products here and pay in crypto.

 

[Karlos95]

You are confusing a blockchain with a crypto-exchange. Those are two _very_ different things.

Thank you for putting some logic into argument. Some of these people wouldn't have a clue about crypto yet talk smack about it. No wonder their gov find it easy to use propaganda against them lol