Author Topic: Researcher kicked from harvard network for mining cryptocurrency (Read 690 times)

Treynolds416 · February 21, 2014, 08:04:34 PM

If you had access to a giant supercomputer, what would you do?
The best part? (trans) He was mining dogecoin of all things. loving rofl

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Mr.No�ody · February 21, 2014, 08:06:27 PM

Wow.
That's one way to use 100% of a super computer all at once.
What a waste.

Also Dogecoin? Sentence that man to death.

Niff · February 21, 2014, 08:07:10 PM

lol

stupid

Awesomebread� · February 21, 2014, 08:07:51 PM

DestroyerOfBlocks · February 21, 2014, 08:08:33 PM

harvard could make some serious cash by doing that when the supercomputer isnt in use

dkamm65 · February 21, 2014, 08:08:56 PM

First, Harvard. Next, the MOON.

DestroyerOfBlocks · February 21, 2014, 08:10:21 PM

this also brings up a point on how other large corporations with substantial reserves of computers could make bank by doing this

Mr.No�ody · February 21, 2014, 08:11:37 PM

Currency mining takes up 100% of your computers power. Same as running the dishwasher, dryer and washing machine at the same time in your house on the same circuit.
It fries stuff. Not a way to use a computer that expensive.

OrkusBorkus · February 21, 2014, 08:12:15 PM

can somebody explain to me how cryptocurrency mining is legal? to my understanding it's like printing money

Treynolds416 · February 21, 2014, 08:12:34 PM

Quote from: DestroyerOfBlocks on February 21, 2014, 08:10:21 PM

this also brings up a point on how other large corporations with substantial reserves of computers could make bank by doing this

The market is too unstable for this. Bitcoins lost like 75% of their value last week, it fluctuates like that often
Not to mention the power consumption is going to have to be factored in

Mr.No�ody · February 21, 2014, 08:14:11 PM

Quote from: Treynolds416 on February 21, 2014, 08:12:34 PM

Not to mention the power consumption is going to have to be factored in

Fries your stuff in a week..

McZealot · February 21, 2014, 08:18:44 PM

Quote from: OrkusBorkus on February 21, 2014, 08:12:15 PM

can somebody explain to me how cryptocurrency mining is legal? to my understanding it's like printing money

To my limited understanding, you are trading in CPU power to be rewarded with currency. It's actually an exchange, but not profitable on an average computer.

Zanaran2 · February 21, 2014, 08:25:45 PM

He loving deserved it.