Tuesday, March 28, 2023
TopCrytpoNews.com
Shop
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana
TopCrytpoNews.com
No Result
View All Result
Home Ethereum

What You Can Do With Your Old Ethereum Mining Rigs

Mikhailev by Mikhailev
September 28, 2022
in Ethereum
0
Was the Ethereum Merge a Mistake?
Share on FacebookShare on Twitter


zk humor column

Picture this: You’re an Ethereum miner, and for nearly ten years your nine-to-five has been the identical: wake to the sound of business wheezing in your yard, scarf down a fast breakfast of closely contaminated Cinnamon Crunch, take an asthmatic jog ‘around the polluted freshwater lake, then head again to the storage the place the machines are saved, and the place you are inclined to their inscrutable whims—lest they do not want to compensate you with treasured ETH.

Having carried on like this for years, you may have turn out to be very wealthy—however you stay painfully conscious of the inevitable onset of oblivion, which has been scheduled by a bunch of hideous nerds someplace within the neighborhood of Haight-Ashbury. 

When the merge lastly arrives, because it did earlier this month, your ETH mining world is turned the other way up, swept away in minutes. 

Setting apart extra metaphysical mysteries, one sensible query looms massive: What are you able to do with a shed’s price of expensive GPUs?

Laptop graphics processors can facilitate a load of attention-grabbing issues past mining: protein folding for most cancers analysis, high-octane password cracking, and, it goes with out saying, the seek for extraterrestrial life. (In coin form!)

However what else are you able to do with them? Are you able to assemble some type of hyper-fast graphics unit to extend the verisimilitude of your nightly runs of “Counter-Strike: World Offensive?” Are you able to construct a man-made coronary heart upfront of that inevitable coronary? Can you warmth your squalid house with them to arrange for Putin’s winter?

Weirdly sufficient, sure—various ex-miners informed me they’re doing simply that.

One miner,  who calls himself Alphamine (in all probability not his delivery title) informed me that he plans to warmth his home together with his outdated power-guzzling GPUs. For now, he’s nonetheless mining—albeit a tiny, largely profitless coin known as FLUX, for the pure love of contributing to the crypto ecosystem. He’s making barely ten p.c of the revenue he made on Ethereum, he informed me, however he hopes to amortize his value by heating his home with roughly 80 GeForce RTX 3060 Ti mannequin GPUs. 

from inside the house of Alphamine

One other miner who recognized solely as “stepwn” additionally makes use of outdated mining rigs for warmth—to not warmth his house, however to warmth his greenhouse.  “I’ve shifted from mining to farming,” he mentioned. Beginning with a number of small “no-till” plots in his yard, he says he now has a “full blown aquaponics system inside a 200 square-foot greenhouse.” 

“Mining,” he added, “taught me that when I’ve the best gear in the best circumstances I could make passive revenue, and rising stuff is simply utilizing the best gear to take care of the best circumstances for crops. It took a bunch of trial and error however I discovered the crops that work effectively for me—okra, tomatoes, beans and peas.”

Related articles

Helping female crypto founders blast off – Cointelegraph Magazine

Helping female crypto founders blast off – Cointelegraph Magazine

March 28, 2023
Traditional finance fears drive digital asset investment inflows to $160M

Traditional finance fears drive digital asset investment inflows to $160M

March 27, 2023

Fact be informed, the greenhouse is heated with Monero (XMR), not ETH chips. He’s received one other scheme in thoughts for the ETH chips: a “PC gaming bar.” 

GPUs produce other attention-grabbing makes use of, in fact. Nick Hansen (in all probability his delivery title) is the co-founder of Luxor, an enormous mining pool that aggregated the work of mining purchasers and distributed rewards amongst them. For Hansen, the merge killed a singularly profitable income stream.

Hansen’s foremost preoccupation now’s serving to his prospects discover different makes use of for his or her {hardware}—urgently. (A 3rd of them have already switched their GPUs off, he informed me.) One promising resolution: utilizing the leftover GPUs to energy massive neural networks, AI information facilities and digital rendering merchandise. “We’ll most definitely have the ability to recoup our losses,” Hansen mentioned. 

On this context, the GPUs would channel their wild wattage into complicated and vitality intensive initiatives just like the extremely well-liked DALL-E AI picture generator, which—for those who didn’t already know, you hypocrite!—makes use of an insane quantity of computational energy. 

As Hansen factors out, this considerably places the mislead the notion that the merge will dramatically cut back GPU electrical energy utilization. “These GPUs aren’t going to magically go away,” he mentioned. “They’re going for use for different issues.” 

It’s a darkly stunning thought, actually: The merge sparking some type of widespread mining exodus that feeds and empowers the Synthetic Basic Intelligence that may quickly turn us into paperclips.

Whether or not that can be higher for the surroundings stays to be seen.

Keep on high of crypto information, get each day updates in your inbox.



Source link

Share76Tweet47

Related Posts

Helping female crypto founders blast off – Cointelegraph Magazine

Helping female crypto founders blast off – Cointelegraph Magazine

by Mikhailev
March 28, 2023
0

Bridget Greenwood is the founding father of The Greater Pie, a U.Ok.-based networking group that helps girls in blockchain globally....

Traditional finance fears drive digital asset investment inflows to $160M

Traditional finance fears drive digital asset investment inflows to $160M

by Mikhailev
March 27, 2023
0

On March 27, European cryptocurrency funding agency CoinShares printed its “Digital Asset Fund Flows Report,” which revealed that digital property proceed...

Polygon’s ‘holy grail’ Ethereum scaling zkEVM beta hits mainnet

Polygon’s ‘holy grail’ Ethereum scaling zkEVM beta hits mainnet

by Mikhailev
March 27, 2023
0

Polygon has launched its open-source zkEVM Ethereum (ETH) scaling know-how to the mainnet, promising lowered transaction prices and elevated throughput...

Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

by Mikhailev
March 27, 2023
0

Crypto alternate Coinbase sees inflation-pegged “flatcoins” as one in every of 4 “crucial” improvements that must be constructed on its...

Euler Finance exploiter returns over 58,000 stolen Ether

Euler Finance exploiter returns over 58,000 stolen Ether

by Mikhailev
March 26, 2023
0

The hacker behind the $196 million exploit on lending protocol Euler Finance has returned nearly all of the stolen property,...

Load More
  • Trending
  • Comments
  • Latest
Square Enix NFT And Blockchain Plans Laid Out In Annual Report

Square Enix NFT And Blockchain Plans Laid Out In Annual Report

May 13, 2022
Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

May 13, 2022
Jack Dorsey Names Reason for Next Bitcoin Price Surge

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

May 22, 2022
Why ApeCoin is on track to be the next Dogecoin

Why ApeCoin is on track to be the next Dogecoin

May 13, 2022
Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

0
Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

0
Bitcoin & Cryptocurrency Take Massive Nose Dive

Bitcoin & Cryptocurrency Take Massive Nose Dive

0
Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

0
Bitcoin price holds its ground in the wake of CFTC case against Binance

Bitcoin price holds its ground in the wake of CFTC case against Binance

March 28, 2023
Binance-CFTC FUD puts BNB price at risk of dropping toward $200

Binance-CFTC FUD puts BNB price at risk of dropping toward $200

March 28, 2023
Trader Chris Dunn talks Bitcoin and inflation on the latest Crypto Trading Secrets podcast

Trader Chris Dunn talks Bitcoin and inflation on the latest Crypto Trading Secrets podcast

March 28, 2023
Bitcoin price will hit this key level before $30K, survey says

Bitcoin price will hit this key level before $30K, survey says

March 28, 2023

Recent News

Bitcoin price holds its ground in the wake of CFTC case against Binance

Bitcoin price holds its ground in the wake of CFTC case against Binance

March 28, 2023
Binance-CFTC FUD puts BNB price at risk of dropping toward $200

Binance-CFTC FUD puts BNB price at risk of dropping toward $200

March 28, 2023
Trader Chris Dunn talks Bitcoin and inflation on the latest Crypto Trading Secrets podcast

Trader Chris Dunn talks Bitcoin and inflation on the latest Crypto Trading Secrets podcast

March 28, 2023

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Solana

Follow Us

Tags

Avalanche bitcoin bitcoin price bitcoin price in india bitcoin price today Blockchain Blockchain Wire business Business news Cardano Crypto Crypto Coins CryptoCurrencies Cryptocurrency cryptocurrency news cryptocurrency price today crypto market crypto news crypto price in india crypto price today Culture DeFi Dogecoin Dogecoin price ETH Ethereum fintech FTX investing Litecoin Markets News NFT Opinion Ripple SEO Shiba shiba inu Shiba Inu Price SOL Solana solana price TECH Technical Analysis Technology
  • Contact Us

© 2022 Top Crypto News - All rights reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana

© 2022 Top Crypto News - All rights reserved.