The tulip example gets thrown around a lot, but it's not particularly applicable. Farmers could (and many did) switch from other crops to grow tulips, which increased supply significantly. I don't thin the general understanding of supply and demand was quite as good at the time (all of this happened 100 years before Adam Smith had even published Wealth of Nations) which partially explains why it crashed in the way it did once people started to realize the situation the market was in.
Also at what point does an individual miner turn into a mining farm? I'm just curious as to where in your mind it goes from "okay, your equipment" to not? If I use just one watt fewer than an entire country would I still be okay?
I like the argument that crypto frees people because I'm certain there are many people who have experienced freedom because of it. At least in the U.S., I think the biggest gun to people's heads is health insurance. It's essentially blackmail used by employers to keep people working. If people already had healthcare, they'd be free to choose a lower stress, lower demand job that is more flexible and may pay less, but they can live a simpler life where they'd be happier with more time to live and enjoy their family. Maybe a much smaller home in a rural community away from the city etc. But, they can't because they need that stressful city job to keep those outrageously expensive "benefits" for their family. They aren't "benefits" at all. It's blackmail and should be illegal to hold something so vital over people's heads. Every time you're stuck at a red light and might be late, your children's access to health care flashes before your eyes. It makes you hate the system, but you grit your teeth and trudge on because there is no other choice. That's slavery. If digital economies involving hardware could actually solve this problem, then we should go all in. However I'm sure it's not that simple.
This is also why people advocate for UBI, and Healthcare for All.I like the argument that crypto frees people because I'm certain there are many people who have experienced freedom because of it. At least in the U.S., I think the biggest gun to people's heads is health insurance. It's essentially blackmail used by employers to keep people working. If people already had healthcare, they'd be free to choose a lower stress, lower demand job that is more flexible and may pay less, but they can live a simpler life where they'd be happier with more time to live and enjoy their family. Maybe a much smaller home in a rural community away from the city etc. But, they can't because they need that stressful city job to keep those outrageously expensive "benefits" for their family. They aren't "benefits" at all. It's blackmail and should be illegal to hold something so vital over people's heads. Every time you're stuck at a red light and might be late, your children's access to health care flashes before your eyes. It makes you hate the system, but you grit your teeth and trudge on because there is no other choice. That's slavery. If digital economies involving hardware could actually solve this problem, then we should go all in. However I'm sure it's not that simple.
Hopes and Dreams, my friend. "If you mine it / HODL it, Profits will Come..."I am not sure crypto will really help with this either. I feel like the time to make money on it was.... like 5 years ago. Mining now is just a dabbling hobby compared to what it was (provided you HODL''d). Which is maybe why I am still surprised it is such a thing.
Oh boy, triggered response. I apologize in advance.
Dude/Dudette - as an owner of a small business that offers health benefits and I am *personally* the one that does all the shopping, the legwork, the payroll deductions and all the rest I can assure you it just sucks for us too and I don't think any employer wants to deal with it. It's expensive, it a huge time and focus leach and you are always wondering if what you are providing is actually going to help your valued employees when they need it.
As a small employer I would *vastly* prefer paying some flat fee premium into a single (govt run? IDK but it doesn't matter) provider system and have our employees know they just use the same health care system as everyone else has.
The systems to setup healthcare benefits are byzantine and atrocious and require a lot of lingo learning and extra overhead. Staying with the "right" coverage to get the right tax breaks is annoying AF.
In this huge aside, to me the system is slanted so that:
A) For profit health insurance providers provide their shareholders ever increasing profits and
B) Create a scenario where large employers who can afford dedicated benefits coordination staff have a huge advantage over all small business.
A is generally worse than B except I run the small business in question so I hate both of them.
I say all of this because I think your hate of healthcare being tied to employers is not something employers relish either. It's a necessary evil for us as well. Save your hate for the system of for profit health care, please.
/end response.
I am not sure crypto will really help with this either. I feel like the time to make money on it was.... like 5 years ago. Mining now is just a dabbling hobby compared to what it was (provided you HODL''d). Which is maybe why I am still surprised it is such a thing.
I agree with you completely. I used too wide a brush with my descriptions, but the core of my argument remains. It's not even an argument. It's an observation and it's partially based on my own experience. The main issue is that health care is contingent upon employment at the right company or you have to make enough money on your own to buy it yourself. If everyone had it, the US would be transformed in drastic ways. I'm telling you man, many people would quit their jobs instantly and make less money by selling hobby work, providing services and just doing a variety of things to make money on their own terms. The only thing stopping many people from living the life of their dreams is health insurance. It stands between Americans and freedom in the one place on earth that claims to have it more than any other. Ironic that.
BTW, I have had two video cards fail on me and both were Asus cards.
Eeeek. I just sold my GTX 1080 Ti...started bidding at $500 and had a BIN at $700 within an hour. My loss to "scaling" is only what a GTX 1080 Ti would have been actually valued at used in 2021 without all the craziness, so maybe $150? Being realistic, how much would 1080 Ti's actually fetch used if 3080's were available at will for $700?
Paul
I tried mining a little bit with my 2070S I got a couple years ago. I could make $50 profit per month running it 24x7, but I found it to be too annoying to continue. The fan keeps blasting out hot air, and everything running hot in my PC. Maybe I would be more OK with it if the GPU is on very cheap hardware (a mining rig) so I don't feel like a waste of using my high-end MB, RAM, CPU, PSU, etc.I support mining for the reasons others stated, but most individuals are better off investing in coins or crypto companies than mining at this point. Mining is just not that profitable anymore unless you make a real business out of it and can scale it up to a lot of cards, and there are too many people doing it now. It's only worth it if you bought the card for games and mine to make some money back.
Did you undervolt, and underclock the core and boost the VRAM? That's what most miners do. Running at stock, mining, gets too hot, I agree. (I never tried mining with a 2070S.)I tried mining a little bit with my 2070S I got a couple years ago. I could make $50 profit per month running it 24x7, but I found it to be too annoying to continue. The fan keeps blasting out hot air, and everything running hot in my PC. Maybe I would be more OK with it if the GPU is on very cheap hardware (a mining rig) so I don't feel like a waste of using my high-end MB, RAM, CPU, PSU, etc.
There was a YT video put out, about the best cards to buy and the best method to spec-mine RVN, in order to become a millionaire in two years, if the coin went from $0.10 to $10.00 (which it well may, I hope that it does). The procedure essentially involved buying like 6-8 GTX 1650 Super cards, and building a rig, and letting it sit on RVN for two years.
I would assume the first wave of "price drops" are going to show up in February/March of 2022.
Maybe we need at least one of these in every mining related thread on our forums?I propose a new law of the internet @VirtualLarry 's Law of the Internet: All conversations involving GPUs will always decay into a discussion about mining. Larry's Law for short, has a nice alliterative ring to it.
I am curious to see how this Christmas season goes. Normally manufacturers would be increasing orders to prepare for the sales volume, but if everyone is already tapped out I suspect prices are going to go gangbusters on everything as Mom's can't find little Timmy the 3080Ti he wanted so she goes and gets him the 6700XT or 6600XT that is actually there on the shelf.
I would assume the first wave of "price drops" are going to show up in February/March of 2022.
Just talking out my ass here, don't mind me.
Maybe we need at least one of these in every mining related thread on our forums?
View attachment 49776
Nah, I'm too lazy to do anything that involved.I'm not sure it's possible to express how amazing this image is. Did you draw it? Regarding Larry's Law, I think it could literally be true. If a GPU conversation is short and about something specific, then mining likely won't come up. However, if that conversation were to be artificially extended, then certainly it would decay into a discussion about mining. This is like zooming out on a graph. It looks a certain way up close, but zooming out shows the trend. It's also like a convergent infinite series in math. The sums of many terms occur for a very long time, but it all converges on a single number. In this case, the convergence of a conversation about GPUs on the topic of mining is described by Larry's Law. This is now a science.
I'm not sure it's possible to express how amazing this image is. Did you draw it? Regarding Larry's Law, I think it could literally be true. If a GPU conversation is short and about something specific, then mining likely won't come up. However, if that conversation were to be artificially extended, then certainly it would decay into a discussion about mining. This is like zooming out on a graph. It looks a certain way up close, but zooming out shows the trend. It's also like a convergent infinite series in math. The sums of many terms occur for a very long time, but it all converges on a single number. In this case, the convergence of a conversation about GPUs on the topic of mining is described by Larry's Law. This is now a science.
-Ok, Modification on Larry's Law: All internet discussions regarding GPUs, given enough time, will decay into a discussion regarding mining.
Added the time element. Signed, sealed, delivered.
Nah, I'm too lazy to do anything that involved.
I just used Larry's avatar and used Microsoft Paint to give it a little extra flair.