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RE: I WENT INSIDE GENESIS MININGS BITCOIN AND ETHEREUM MINING FARM!
That is a great possibility. Crazy to think how quickly they could do it. Too bad I can't build one in my garage.
That is a great possibility. Crazy to think how quickly they could do it. Too bad I can't build one in my garage.
Wait! Don't get disappointed that fast. Remember there are still LIVING people who used to submit their data on punched cards for analysis into huge room-sized computers! Technology and innovation is progressing at unimaginable speeds, thus a quantum computer for personal use may be not that far out :)
:) I need to get Elon Musk working on it. I'm sure he needs one to power the equipment on Mars.
Electricity on Mars will be prohibitively expensive unless we go with Thorium or at least have Matt Damon using his hamster wheel.
Nice.
Matt Damon can get electricity from potato
sounds like a good idea.
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meep
Getting deep...
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I think the closest thing to this that we have access to is using Amazon or Google's cloud services (particularly Amazon's because they offer machines with better GPUs). While not parallel computing, considering the insanely cheap prices those services cost, especially when you buy a discounted voucher from sites like bitcointalk....it's a very cool method until we get to the days of parallel computing.
Although, come to think of it...parallel computing might actually not be such a game changer. If you have parallel processes working on the same confirmations, the work wouldn't be segmented enough for multiple confirmations to necessarily occur faster. Single confirmations definitely, but multiple would need to use several instances...so I guess if you had several parallel machines hooked up together but with their computing power allocated across different nodes, then such power would be useful...
The increased difficulty levels in mining would accelerate dramatically if this tech were to be implemented and a great deal of miners would be put out of business or be required to spend a ton of money on new hardware...an option that might not be feasible depending on who rolls out such machines first and how aggressively they use it.
Time will tell.
Especially nice to hear they are expanding their X-11 Mining Contracts for they have been sold out for t2 long. Nice to see the proof!