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/biz/ - Business & Finance

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56173439 No.56173439 [Reply] [Original]

With the bitcoin halving coming up, some smaller bitcoin miners might be looking for alternative ways to use their rigs. If ZK is here to stay, then generating zk proofs from protocols outsourcing them is the way the market is going to go. At the moment, zk proofs are processed on the protocol user's device which takes a while on a PC and is a problem as mobile usage grows. The way to fix this is hardware acceleration by outsourcing the proofs via a zk prover market such as the one Marlin is developing that leverages Oyster which allows for secure, serverless, and confidential zk proof generation on ASICs, GPUs, and FPGAs. Maybe someone will appreciate this info on this garbage dump.

>> No.56173487
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56173487

This info could have been really cool about two years ago I'm fairly certain most miners either killed themselves or sold off their hardware at this point. ZK came in a little too late.

>> No.56173489
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56173489

>>56173439
Exactly why I'm a ETHmaxxi.

>> No.56173491

but mining already provides diminishing return imagine having to rent a middleman to even be able to rig. what's the point then.

>> No.56173493

>>56173491
You only outsource the zk proof, retard. Not all labor is done by external hardware.

>> No.56173498

>>56173439

bitcoin always gives diminishing returns each halving cycle so I dunno maybe if there's still some people interested they could look into this particular niche. Don't expect any sort of explosive adoption outta nowhere though.

>> No.56173501

>>56173439
ZK is quite literally not needed. There's way to encrypt your data without having to own a full on mining rig to do so.

>> No.56173511

>>56173489
Say what? ETH mining died ever since it became a PoS coin. What the fuck are you talking about?

>> No.56173523

>>56173487
Most of them sold their miners, yes.
Now it's all controlled by a few mining companies that make a lot of money through BTC mining. Ironically though this means that only a few people will be able to compete and validate transactions, making BTC a much more centralized network as a result.

>> No.56173525
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56173525

>>56173498
If all goes according to plan we are looking at another x10 at the very least anyway. Who fucking cares. It has a limit (boiling point) for sure and we are approaching it but we are still decades away from the last stretch.

>> No.56173527

>>56173501
and whos talking about "owning" data? this is literally an alternative way of mining. retard

>> No.56173530

>>56173439
FUCK OFF YOU NIGGER I DON'T WANT GPUS TO SKYROCKET ALL OVER AGAIN JUST BECAUSE YOU FAGGOT CRYPTO NIGGERS JUST CAN'T STOP FINDING NEW WAYS TO JUSTIFY SCALPING HIGH TIER HARDWARE KILL YOURSELF RIGHT FUCKING NOW FAGGOT

>> No.56173545

>>56173439
do I need a NASA computer to get into this? what are the hardware specs needed to do it?

>> No.56173559

>>56173439
why would anyone who's already mining bitcoin start outsourcing ZK proofs? even if the next halving makes it really hard to get some BTC I'm sure it's sill going to be consistently profitable if it goes up in price again

>> No.56173569
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56173569

>>56173530
We are curing your crippling videogame addiction by force, brother. Seek Alllah and you will be free. Inshallah.

>> No.56173573

>>56173439
i have never met a single person in this planet that actually uses zk tech. ever

>> No.56173580
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56173580

>>56173491
You cannot escape rent, anon. It's in every face of your own life. It's everywhere.

>> No.56173586

>>56173530
Take a fucking cold shower so you can finally cool down retard

>> No.56173599

>>56173569
I'm a Christian so the answer is no.

>> No.56173639

>>56173439
tl;dr
do you actually get paid some decent rewards just like how mining crypto can or is this just a scam?

>> No.56173641

>>56173489
but ethereum mining is dead though?