CryptoCurrency Mining with GPUs *spawn*

Discussion in 'Architecture and Products' started by CarstenS, Jun 1, 2017.

  1. digitalwanderer

    digitalwanderer Dangerously Mirthful
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    I hope you got out ahead and before the crash! Knowing you, you did. :)
     
  2. pharma

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    Razer SoftMiner uses your GPU to mine cryptocurrency
    https://www.guru3d.com/news-story/razer-softminer-uses-your-gpu-to-mine-cryptocurrency.html

     
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  3. digitalwanderer

    digitalwanderer Dangerously Mirthful
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  4. ToTTenTranz

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    This is Razer basically scamming their users for mining crypto for the company, practically for free.

     
  5. entity279

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    everybody though is speculating based on that 500 coins/day number. Is there a projected income for any video card provided?
    (of course, i'm not expecting this to be a good deal either way)
     
  6. ToTTenTranz

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    The 500 coins/day number comes from Razer's own page. I'd guess that's an upper limit and since they don't even explain how their "silver" translates from what, there's even a chance that Razer truncates the daily earnings.
    The silver earnings could even be completely unrelated to performance and stuck to a simple timer for whenever the app is running, for all we know.

    In the meantime, people figured out their "softminer" is nothing but nicehash running for Razer's own wallets.
    Which of course makes it even more difficult to know how much "money" each user is making at any given time.


    It's a predatory scam. Their customers will be spending loads on the power bill and wearing down their hardware. And the reward is some "razer points" that people could theoretically trade in for peripherals but in practice most won't be able to because the points can't accumulate for more than a year.
     
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  7. entity279

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    I guess it's not an upper limit.

    But I already read that, and that's precisely why I posted - just as a remark, to point out that people had been taking that random number provided by Razer too far in making too many calculations
     
  8. pharma

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    HSBC settles FX deals worth $250 billion on blockchain in last year

    https://www.reuters.com/article/uk-...lion-on-blockchain-in-last-year-idUSKCN1P823Z
     
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  9. green.pixel

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  10. milk

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    You mean, those huge criminal organizations that exist primarily thanks to government naive or sometimes just plain Machiavellian interventions?
     
  11. green.pixel

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    Drug trade and terrorists keep footing the bill for the Real Government™.
     
  12. Gubbi

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    No he said drug cartels and terrorists, not banks

    Cheers
     
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