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Crypto Thread! No PORN!

TroutBum

TroutBum

My Member's Premium
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Unless you’re @Gameface, you aren’t allowed any porn posts, drunk-posted or otherwise.

But seriously, how come there is not a thread about crypto? I know tons of you are on the crypto train, so how about you post how awesome you are doing, tips, tricks, and advice…?

Doge?
ETH?
Staking?
How annoying Crypto.com is?

Etcetera, so on, so forth, and everything. Go.
 
There is a crypto thread - it's on the front page of this forum as a matter of fact:

The *OFFICAIL* Jazzfanz Crypto Mining Thread

A few of us @leftyjace @Ron Mexico and me @Gameface are talking about possibly starting a group of jazzfanz who are interested and involved in mining crypto currency. At the moment Ethereum is the most profitable and that's what I've been focused on so far, but there are several other options...
jazzfanz.com jazzfanz.com
 
Avery said:
There is a crypto thread - it's on the front page of this forum as a matter of fact:

The *OFFICAIL* Jazzfanz Crypto Mining Thread

A few of us @leftyjace @Ron Mexico and me @Gameface are talking about possibly starting a group of jazzfanz who are interested and involved in mining crypto currency. At the moment Ethereum is the most profitable and that's what I've been focused on so far, but there are several other options...
jazzfanz.com jazzfanz.com
Click to expand...
Does that mean we can post porn here now?
 
I haven't been holding anything I mine, just mine and sell ASAP. I should go back and see what the difference would have been if I would have held.

But I don't really believe in Ethereum or Bitcoin (and definitely not Doge) as a thing, so even though ETH has gone up a **** ton since I started mining I'll never hold it, just sell it.
 
Am I too late for the porn?
 
Pardon my ignorance, but how does Bitcoin mining affect the environment and fossil fuel use?
 
infection said:
Pardon my ignorance, but how does Bitcoin mining affect the environment and fossil fuel use?
Click to expand...
The majority of bitcoin is mined on ASICs in China using very cheap electricity running on coal fired power plants.
 
But the international banking industry uses MUCH more electricity than bitcoin.
 
infection said:
And how much electricity is that using?
Click to expand...
According to the Cambridge Center for Alternative Finance (CCAF), Bitcoin currently consumes around 110 Terawatt Hours per year — 0.55% of global electricity production, or roughly equivalent to the annual energy draw of small countries like Malaysia or Sweden. This certainly sounds like a lot of energy.
Click to expand...

A lot
 
infection said:
And why does it take that much energy to mine Bitcoin?
Click to expand...
You use either GPUs or ASICs to solve extraordinarily complex cryptographical puzzles. They basically do this be trying combination after combination until they find the one that opens the lock and rewards them with a block of bitcoin. It is competitive, so many millions of GPUs or ASICs might all be trying to solve the same puzzle at the same time. The first one to get the right answer wins all the rewards and everyone moves onto the next block.
 
Gameface said:
You use either GPUs or ASICs to solve extraordinarily complex cryptographical puzzles. They basically do this be trying combination after combination until they find the one that opens the lock and rewards them with a block of bitcoin. It is competitive, so many millions of GPUs or ASICs might all be trying to solve the same puzzle at the same time. The first one to get the right answer wins all the rewards and everyone moves onto the next block.
Click to expand...
How much energy does internet porn use?
 
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