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Originally posted by duby229 View PostThe only way I could see that not working is if the characteristic that makes it good for mining is also the same characteristic that makes it good for gaming.
Really, one of the main reasons I'm pissed off is that the algorithm was 100% artificial. I mean that it was made by some dudes for the sake of making something hard to compute and unpractical to design an ASIC for.
Mining is not scientific research or gaming where you have some external requirements that guide you, the mining algorithm is just a gimmick to make mining hard, they could have gone in any way, like for example requiring massive amounts of NVMe storage (they would stay within the price point of a serious mining rig), and the impact of Ethereum would have been be much less bad (there are significantly more manufacturers of SSDs and it is comparatively easier than a GPU, Samsung and friends can ramp up production much more easily than GPU manufacturers).
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Originally posted by Qaridarium
you just don't get it... whatever makes general purpose hardware better will be the bottle neck programmed in the blockchain of ethereum. because they want to defend the blockchain ethereum coin against anything else what is not general purpose hardware. If a company would bring custom build hardware to market what is not general purpose hardware they will try to cripple it down by algorithm .
right now they use:
proof of work
proof of stake
proof of space
proof of bandwidth
and many more techniques to make sure general purpose hardware get the advantage against Application-specific integrated circuit...
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Originally posted by Qaridariumthe money-Noble just buy ASICs in a scale that the result is that they have the 51% mining power to own ANYBODYs money so hey can transfer any kind of funds to any kind of walled.
Because if "Money-Nobles" just buy truckloads of GPUs and outcompete you "freedom fighters" the result is the same.
This all is not "GPU" specific this all makes sure that even CPU mining if you have hardware like IBM power9 is effective.
GPUs have much higher resale value if sold used and scale up/down much better as they can be added or removed piecemeal.
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Originally posted by Qaridarium
wrong complete wrong... ethereum is designet that "Gamers" can mine ethereum coins in the free-time they do not play games. this Dual-Use will bring them the Keypoint advantage against Money-Nobles who only buy the GPU just for mining for a mining farm.
It is designed to work well on normal general purpose hardware and to make it very hard to build custom build mining hardware for it.
the ethereum community want normal Desktop users to run ethereum mining in the idle-Time of the hardware.
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Originally posted by Qaridarium
thats not a problem of ethereum it is a problem of AMD they need to bring more GPUs ot market.
in fact Ethereum compared to bitcoin does everything in favor of "gamers" every design decision is in favor of the gamers and every "rule" in the sourcecode is in favor of the gamers.
they just need to perform dual-use means ethereum in the idle time and gaming in the other time.
Gamers can even make a lot of money with very old hardware for example a AMD 290X is very good in ethereum mining. mining farms in general can not compete against "gamers" in mining because they have to buy the hardware full price without any dual-use.
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Originally posted by duby229 View Post
And meanwhile etherium miners are consuming nearly 100% of GPUs.... So it seems to me that any non-miner gpu user is the one that gets screwed. All you've done is moved the screwing from a tiny minority to a vast majority. What do you think is more wrong?
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A quick note: Ethereum has yet to switch to Casper, so it is still Proof of Work. Most of my annoyance is miners, not necessarily ethereum or whatever. When Ethereum finally enables more restrictions they will switch over to another GPU-based cryptocurrency where they can still make money.
Originally posted by QaridariumMoney-Nobles have to compete with DUAL-USE consumers and Hardware if you do play games 5 hours a day and the rest of the day you do mining you have a much better cost structure because your hardware costs you 0€ 0$ because you already bought the hardware to play 5 hours a day.
Also profitability. Most people won't make enough money to cover the power costs by mining with a single GPU now that there are buttloads of miners with 6x GPUs that are mining since Ethereum started.
how can the ethereum community hurt your so called small-consumers if all the rules are in favor of the small-consumer ????
no you are wrong. money-nobles need 300% more "prove of work" hardware resources to attack the system than the defenders of the system by the "prove of stake" rules.
with prove of stake 1/3 of the hardware performance power can outperform the 2/3 of the money-noble attackers.
for Ethereum it's more like more wealthy can make more "security deposits" then have more voting power when there is the voting phase to validate the blocks, which is similar.
in Bitcoin only prove of work rules the world and there is no "wellfare" for small miners who only do home-idle-time-Desktop mining... but in ethereum they get the prove of stake advantage.
with this mechanism 1/3 of the performance (prove of work) can defend against a attack from money-nobles because the deposit the rich people need to pay in the pool will destroy any profit for the rich. and in the end the coins go to the small-miners as community prove of stake reward.
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Originally posted by Qaridariumwrong everybody who is willing to pay the "high" price get a card !!! this is a fact!
and gamers can fix this "high" price for gaming card if they do ethereum mining in the idle-time they do not game.
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Originally posted by Qaridarium
in a free market not the most expensive price count! no! instead the most cheap price count.
so your 25$ water turns into a 0$ water °!!!1111!!!1111 because in my place the cheaptest water i can get is 0$
This makes you a Liar ... you just do not care about the truth.
And i think ethereum is highly ethical because it will in the end destroy the Banks and also the Stock Markets and both the banks and the stock market are the most unethical thinks in our world.
Sure, buyers in a homogeneous market will pick the least expensive offering. Problem is, there are no homogeneous markets and disaster areas like Houston TX certainly are the least homogeneous, leading to rapacious pricing all over the place.
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