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(MacWorld)   After having handily beaten its competitors in every other category, Intel plans a Bitcoin mining chip   (macworld.com) divider line
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475 clicks; posted to Business » on 18 Jan 2022 at 5:32 PM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-01-18 3:32:22 PM  
Whatever gets these asshats to stop buying up all the GPUs and absolutely WRECKING them.
 
2022-01-18 5:38:28 PM  
Link is dead for me.
 
2022-01-18 5:43:25 PM  

Saborlas: Whatever gets these asshats to stop buying up all the GPUs and absolutely WRECKING them.


Bitcoin isn't mined with gpu and this chip is likely not a gpu. If there is a crunch on you because of crypto it's etherium but it's switching away from gpu mining.
 
2022-01-18 5:53:21 PM  

Intrepid00: Link is dead for me.


A Macworld page describing Intel's efforts to build a Bitcoin chip...and the link is broken.

Good news!  The metaphor shortage is over!
 
2022-01-18 6:00:39 PM  

Hawk the Hawk: Intrepid00: Link is dead for me.

A Macworld page describing Intel's efforts to build a Bitcoin chip...and the link is broken.

Good news!  The metaphor shortage is over!


But the beatings will continue until morale improves

/at which point they'll become worse
 
2022-01-18 6:07:29 PM  

Saborlas: Whatever gets these asshats to stop buying up all the GPUs and absolutely WRECKING them.


As far as I can tell, that would be effective bans on crypto mining in more countries (yes, I know how bans on anything often go, but the electrical demand makes the big fish fairly obvious,) the market falling down stairs again and going flat...again, and Ethereum and others finally GTFO'ing the "proof of work" mining model. Probably no hope of BTC doing the latter.

I really don't care which happens, as long as one happens. These libertarian moonbucks are a pain in everyone else's ass.
 
2022-01-18 6:14:25 PM  

Intrepid00: Saborlas: Whatever gets these asshats to stop buying up all the GPUs and absolutely WRECKING them.

Bitcoin isn't mined with gpu and this chip is likely not a gpu. If there is a crunch on you because of crypto it's etherium but it's switching away from gpu mining.


Leave crypto alone!

Fark user imageView Full Size
 
2022-01-18 6:22:02 PM  

Phil McKraken: Intrepid00: Saborlas: Whatever gets these asshats to stop buying up all the GPUs and absolutely WRECKING them.

Bitcoin isn't mined with gpu and this chip is likely not a gpu. If there is a crunch on you because of crypto it's etherium but it's switching away from gpu mining.

Leave crypto alone!

[Fark user image image 425x283]


No, it sucks.
 
2022-01-18 6:25:16 PM  
If Intel really believed in Crypto, why in the world would they SELL the mining chips?  Crank 'em out (and not tell anyone) and own the market!
 
2022-01-18 6:25:40 PM  

Intrepid00: Saborlas: Whatever gets these asshats to stop buying up all the GPUs and absolutely WRECKING them.

Bitcoin isn't mined with gpu and this chip is likely not a gpu. If there is a crunch on you because of crypto it's etherium but it's switching away from gpu mining.


Ethereum has been months away from the PoS switch for over a year. They keep delaying it, and they're going to keep delaying it. And the reality is that even if they do eventually set off the "difficulty bomb," miners will just jump to whatever coins keep them profitable, and one will inevitably rise to the top. Ironically, it'll probably just be Ethereum One or whatever they call it when they fork off of the Ethereum 2.0 chain.
 
2022-01-18 6:28:51 PM  

Nullav: I really don't care which happens, as long as one happens. These libertarian moonbucks are a pain in everyone else's ass.


I really liked that idea some of them put forth some time back about building a giant floating Libertarian paradise ship where they could all be free to buy child pornography with cryptocurrency tax free. I say this because I know it wouldn't take long for all of them to decide they're far too elite and important for things like repairs and maintenance and it wouldn't be long after that that their unregulated floating sewer of transmissible diseases would sink to the ocean floor.
 
2022-01-18 6:41:29 PM  
I thought Chipzilla was opening up their foundry to fabless manufacturers? Why chase the crypto fad yourself when you can simply give a sweetheart deal to some third party to build mining ASICs on a fab process likely far more advanced than anything they currently have access to? The free advertising from such a deal would likely attract plenty of other fabless companies willing to pay full market price to get access to a proven design flow and state of the art fab node.

/blinded by greed yet again
 
2022-01-18 6:43:17 PM  

Gordon Bennett: Nullav: I really don't care which happens, as long as one happens. These libertarian moonbucks are a pain in everyone else's ass.

I really liked that idea some of them put forth some time back about building a giant floating Libertarian paradise ship where they could all be free to buy child pornography with cryptocurrency tax free. I say this because I know it wouldn't take long for all of them to decide they're far too elite and important for things like repairs and maintenance and it wouldn't be long after that that their unregulated floating sewer of transmissible diseases would sink to the ocean floor.


Peter Thiel was a proponent of sea steading until he found the loophole which enabled him to make $5 billion tax free by exploiting pre-IPO startup shares in a Roth IRA.
#45 owes $100,000,000 in federal back taxes and millions more in back state taxes yet faces no consequences.
Why bother with feudalism when you can enjoy Best America tax free, with free infrastructure and government services plus bailouts if you are stupid rich?
/Not for you proles though.  Pay your taxes.
 
2022-01-18 7:15:57 PM  
I get the feeling we are getting a little off-track here.

Here we are in the middle of a chip crisis, not just for cars, but for all kinds of other devices. And it is bad enough that it has been raised as a national security issue that DEMANDS government intervention.

And Intel goes off to develop toys for rich people.

Let's waste some capital on wasting capital! How big of a financial black hole can we create?
 
2022-01-18 7:51:27 PM  

2fardownthread: Let's waste some capital on wasting capital! How big of a financial black hole can we create?


Last week Dorsey announced they are creating their own open bitcoin mining rigs.
This week he announced CashApp will incorporate the Lightning Network.
Today was Intel's announcement.
And today BitMex (trading platform) went out and bought a bank in Germany to offer services to 3 EU nations that they operate in.

On the bearish side, Thursday there is a Congressional meeting to discuss energy usage. But since this is Congress, they'll get their soundbites in, then go back to their offices and continue to be useless.

Should be fun.
 
2022-01-18 7:59:59 PM  

AsparagusFTW: 2fardownthread: Let's waste some capital on wasting capital! How big of a financial black hole can we create?

Last week Dorsey announced they are creating their own open bitcoin mining rigs.
This week he announced CashApp will incorporate the Lightning Network.
Today was Intel's announcement.
And today BitMex (trading platform) went out and bought a bank in Germany to offer services to 3 EU nations that they operate in.

On the bearish side, Thursday there is a Congressional meeting to discuss energy usage. But since this is Congress, they'll get their soundbites in, then go back to their offices and continue to


cash checks from the industries they pretend to regulate.
 
2022-01-18 8:12:07 PM  

Gordon Bennett: Nullav: I really don't care which happens, as long as one happens. These libertarian moonbucks are a pain in everyone else's ass.

I really liked that idea some of them put forth some time back about building a giant floating Libertarian paradise ship where they could all be free to buy child pornography with cryptocurrency tax free. I say this because I know it wouldn't take long for all of them to decide they're far too elite and important for things like repairs and maintenance and it wouldn't be long after that that their unregulated floating sewer of transmissible diseases would sink to the ocean floor.


And i sing to myself, what a wonderful world.
 
2022-01-18 8:12:13 PM  

hawcian: Ethereum has been months away from the PoS switch for over a year. They keep delaying it, and they're going to keep delaying it. And the reality is that even if they do eventually set off the "difficulty bomb," miners will just jump to whatever coins keep them profitable, and one will inevitably rise to the top. Ironically, it'll probably just be Ethereum One or whatever they call it when they fork off of the Ethereum 2.0 chain.


"For Ethereum, users will need to stake 32 ETH to become a validator." - So you have to invest and hold about $100,000 just to participate - seems like rather a lot.
 
2022-01-18 8:20:59 PM  
Nullav:
I really don't care which happens, as long as one happens. These libertarian moonbucks are a pain in everyone else's ass.

Again, bitcoin mining has nothing to do with the GPU shortage.  People really need to stop parroting that misinformation.  You're like Trumpers saying that Biden lost the election at this point.

Enigmamf:
"For Ethereum, users will need to stake 32 ETH to become a validator." - So you have to invest and hold about $100,000 just to participate - seems like rather a lot.

When they proposed the upgrade it was closer to 10k.  That's when I bought mine.  When the upgrade goes through, it will have favorable nice interest rate on top of everything else.
 
2022-01-18 8:30:48 PM  

Enigmamf: hawcian: Ethereum has been months away from the PoS switch for over a year. They keep delaying it, and they're going to keep delaying it. And the reality is that even if they do eventually set off the "difficulty bomb," miners will just jump to whatever coins keep them profitable, and one will inevitably rise to the top. Ironically, it'll probably just be Ethereum One or whatever they call it when they fork off of the Ethereum 2.0 chain.

"For Ethereum, users will need to stake 32 ETH to become a validator." - So you have to invest and hold about $100,000 just to participate - seems like rather a lot.


Hey, can't upend the global corpo fatcats with all the poors hanging about.
 
2022-01-18 8:42:09 PM  

2fardownthread: I get the feeling we are getting a little off-track here.

Here we are in the middle of a chip crisis, not just for cars, but for all kinds of other devices. And it is bad enough that it has been raised as a national security issue that DEMANDS government intervention.

And Intel goes off to develop toys for rich people.

Let's waste some capital on wasting capital! How big of a financial black hole can we create?


Intel is floundering.
 
2022-01-18 9:02:36 PM  

Hawk the Hawk: Enigmamf: hawcian: Ethereum has been months away from the PoS switch for over a year. They keep delaying it, and they're going to keep delaying it. And the reality is that even if they do eventually set off the "difficulty bomb," miners will just jump to whatever coins keep them profitable, and one will inevitably rise to the top. Ironically, it'll probably just be Ethereum One or whatever they call it when they fork off of the Ethereum 2.0 chain.

"For Ethereum, users will need to stake 32 ETH to become a validator." - So you have to invest and hold about $100,000 just to participate - seems like rather a lot.

Hey, can't upend the global corpo fatcats with all the poors hanging about.


The first thing that came to my mind was how once upon a time you had to own property to vote in the US.
 
2022-01-18 9:11:29 PM  

Lord Bear: Nullav:
I really don't care which happens, as long as one happens. These libertarian moonbucks are a pain in everyone else's ass.

Again, bitcoin mining has nothing to do with the GPU shortage. People really need to stop parroting that misinformation.  You're like Trumpers saying that Biden lost the election at this point.

Enigmamf:
"For Ethereum, users will need to stake 32 ETH to become a validator." - So you have to invest and hold about $100,000 just to participate - seems like rather a lot.

When they proposed the upgrade it was closer to 10k.  That's when I bought mine.  When the upgrade goes through, it will have favorable nice interest rate on top of everything else.


You're right, as it moved almost entirely to ASIC mining years ago. It's still a humongous power sink for no good reason. ETH has always been the main problem currency to point at when it comes to GPU shortages, and was even intended to be impractical to ASIC mine to keep a level(-ish) playing field for miners, but I feel pretty justified in saying that both need to change or disappear.

/So again, I'm happy ETH is moving to PoS soon™.
 
2022-01-18 9:32:25 PM  
Nullav:
You're right, as it moved almost entirely to ASIC mining years ago. It's still a humongous power sink for no good reason. ETH has always been the main problem currency to point at when it comes to GPU shortages, and was even intended to be impractical to ASIC mine to keep a level(-ish) playing field for miners, but I feel pretty justified in saying that both need to change or disappear.

/So again, I'm happy ETH is moving to PoS soon™.


Even with ETH being mined on gpus, they were never a major part of the shortage.  The entire electronics sector is messed right now.  No one is mining on car computers, and they are in short supply too.  The miners don't have any special pipeline to the manufacturers, and are estimated at less than 5% of the market.  That 5% might help things, but wouldn't change things much.

And yeah, sometime between March and June, but its been pushed back a few times already.
 
2022-01-18 10:02:57 PM  

Lord Bear: Nullav:
You're right, as it moved almost entirely to ASIC mining years ago. It's still a humongous power sink for no good reason. ETH has always been the main problem currency to point at when it comes to GPU shortages, and was even intended to be impractical to ASIC mine to keep a level(-ish) playing field for miners, but I feel pretty justified in saying that both need to change or disappear.

/So again, I'm happy ETH is moving to PoS soon™.

Even with ETH being mined on gpus, they were never a major part of the shortage.  The entire electronics sector is messed right now.  No one is mining on car computers, and they are in short supply too.  The miners don't have any special pipeline to the manufacturers, and are estimated at less than 5% of the market.  That 5% might help things, but wouldn't change things much.

And yeah, sometime between March and June, but its been pushed back a few times already.


How dare you. The reason I can't get a computer is because cryptochad bought it out from under me. Global warming! Drug trafficking! Loud noises!
 
2022-01-18 10:12:48 PM  

Enigmamf: Hawk the Hawk: Enigmamf: hawcian: Ethereum has been months away from the PoS switch for over a year. They keep delaying it, and they're going to keep delaying it. And the reality is that even if they do eventually set off the "difficulty bomb," miners will just jump to whatever coins keep them profitable, and one will inevitably rise to the top. Ironically, it'll probably just be Ethereum One or whatever they call it when they fork off of the Ethereum 2.0 chain.

"For Ethereum, users will need to stake 32 ETH to become a validator." - So you have to invest and hold about $100,000 just to participate - seems like rather a lot.

Hey, can't upend the global corpo fatcats with all the poors hanging about.

The first thing that came to my mind was how once upon a time you had to own property to vote in the US.


The OG proof of stake.
 
2022-01-19 7:40:47 AM  

Intrepid00: Link is dead for me.



same here


oops, someone feels threatened by crypto/blockchain.
 
2022-01-19 7:42:10 AM  

dionysusaur: If Intel really believed in Crypto, why in the world would they SELL the mining chips?  Crank 'em out (and not tell anyone) and own the market!



so True!

especially since Bitcoin has been failing for 13 years now.
 
2022-01-19 7:43:34 AM  

Intrepid00: Phil McKraken: Intrepid00: Saborlas: Whatever gets these asshats to stop buying up all the GPUs and absolutely WRECKING them.

Bitcoin isn't mined with gpu and this chip is likely not a gpu. If there is a crunch on you because of crypto it's etherium but it's switching away from gpu mining.

Leave crypto alone!

[Fark user image image 425x283]

No, it sucks.



which means the Future sucks too!
 
2022-01-19 7:44:30 AM  

dionysusaur: If Intel really believed in Crypto, why in the world would they SELL the mining chips?  Crank 'em out (and not tell anyone) and own the market!


.............ah...............to make short term money for their lazy sit at home stock owners??
 
2022-01-19 12:31:50 PM  

Likwit: Lord Bear: Nullav:
You're right, as it moved almost entirely to ASIC mining years ago. It's still a humongous power sink for no good reason. ETH has always been the main problem currency to point at when it comes to GPU shortages, and was even intended to be impractical to ASIC mine to keep a level(-ish) playing field for miners, but I feel pretty justified in saying that both need to change or disappear.

/So again, I'm happy ETH is moving to PoS soon™.

Even with ETH being mined on gpus, they were never a major part of the shortage.  The entire electronics sector is messed right now.  No one is mining on car computers, and they are in short supply too.  The miners don't have any special pipeline to the manufacturers, and are estimated at less than 5% of the market.  That 5% might help things, but wouldn't change things much.

And yeah, sometime between March and June, but its been pushed back a few times already.

How dare you. The reason I can't get a computer is because cryptochad bought it out from under me. Global warming! Drug trafficking! Loud noises!


i have to wait three weeks before a device made on the most advanced manufacturing processes on the planet is delivered directly to my door? what is this, hitler?
 
2022-01-19 1:39:58 PM  
Google just picked up a PayPal exec to work on Crypto services. Add that to my list above for this week.
 
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