GPU prices more than double as cryptocurrency craze accelerates

[Slimebeast]

Chrizum said:

Slimebeast said:
This is so annoying. Not only is it hard for a gamer to get hold of a good GPU, but all this mining is such a waste of money and energy for a task that is essentially useless (the artificial calculations needed to uphold cryptocurency security) and that could be solved for a fraction of that cost. Billions of dollars are wasted on useless calculations when it could be used for research or something else that is productive.

Security is essentially useless? That's rich. I do agree too much energy is needed at the moment but that;s going to be fixed in time when proof of work is replaced with proof of stake.

You misunderstood. I obviously don't mean that security is useless. But having a security system where you have millions of GPUs that calculate artificially very complex and extremely computation-heavy calculations is useless and a huge waste of resources, when a similar and a perfectly adequate level of security could be achieved with a regular security system that only requires a few computers.