Law Russian nuclear scientists arrested for 'Bitcoin mining plot' - Their plan: Using a military supercomputer to mine internet dollars.

https://archive.fo/B5rU4

Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies.

The suspects had tried to use one of Russia's most powerful supercomputers to mine Bitcoins, media reports say.

The Federal Nuclear Centre in Sarov, western Russia, is a restricted area.

The centre's press service said: "There has been an unsanctioned attempt to use computer facilities for private purposes including so-called mining."

The supercomputer was not supposed to be connected to the internet - to prevent intrusion - and once the scientists attempted to do so, the nuclear centre's security department was alerted. They were handed over to the Federal Security Service (FSB), the Russian news service Mash says.

"As far as we are aware, a criminal case has been launched against them," the press service told Interfax news agency.

Crypto-currencies like Bitcoin do not rely on centralised computer servers. People who provide computer processing power to the crypto-currency system, to enable transactions to take place, can get rewards in Bitcoins.

In the Cold War the USSR's first nuclear bomb was produced at Sarov, during Joseph Stalin's rule.

The top-secret town was not even marked on Soviet maps and special permits are still required for Russians to visit it.

Sarov is surrounded by a tightly guarded no-man's-land, with barbed wire fences to keep the curious away.

There are suspicions that the radioactive polonium-210 used to kill ex-FSB agent Alexander Litvinenko in London in 2006 came from Sarov.

The Federal Nuclear Centre reportedly employs up to 20,000 people and its supercomputer boasts a capacity of 1 petaflop, the equivalent of 1,000 trillion calculations per second.

Mining crypto-currencies requires great computational power and huge amounts of energy.

There have been reports of some other industrial facilities in Russia being used for crypto-mining, and one businessman reportedly bought two power stations for the activity.
 
I'd say these tards are obviously not nuclear physicists but apparently they are. Embarrassing!

I would also venture that even a supercomputer is an incredibly inefficient way to mine cryptocurrency since almost all BTC is now mined using ASICs. Pure brute force just isn't the way to go these days. A closet full of ASICs will get you more than a single piece of Big Iron.
 
I'd say these tards are obviously not nuclear physicists but apparently they are. Embarrassing!

I would also venture that even a supercomputer is an incredibly inefficient way to mine cryptocurrency since almost all BTC is now mined using ASICs. Pure brute force just isn't the way to go these days. A closet full of ASICs will get you more than a single piece of Big Iron.
They're likely trying to mine monero since that's easier to mine on CPUs, and it's the crypto of choice for botnets as of late.
 
I'd say these tards are obviously not nuclear physicists but apparently they are. Embarrassing!

I would also venture that even a supercomputer is an incredibly inefficient way to mine cryptocurrency since almost all BTC is now mined using ASICs. Pure brute force just isn't the way to go these days. A closet full of ASICs will get you more than a single piece of Big Iron.
then why the fuck cant anyone buy a decent graphics card still
 
  • Feels
Reactions: NumberingYourState
Crypto is bound to fail because it has no government backing. Governments can basically seize control of the block-chain any time they want, interfere and hijack transactions and there's very little people can do about it because Bitcoin doesn't have a military backing it up unlike governments. That's why the US Dollar, Ruble, Yuan, etc. have value. If some third world shithole suddenly started printing its own greenbacks to kill the dollar value, we just bomb them into oblivion and kill them all. Not even North Korea is fucking stupid enough to do this.

If someone fucks with crypto in the same way, what are they going to do? Send a strongly worded letter? What happens if China just decicdes 'Fuck all crypto, we don't want this undermining our control' and launches an all out offensive to make crypto worthless? You think the US will give a fuck?

These coins are basically on a limited lifespan and a complete speculative bubble because there is NOTHING backing them up besides people's imagined value of them. Once this is destroyed (and it could be over anything), they will crash. If you are spending money mining crypto you are a fucking re.tard.

then why the fuck cant anyone buy a decent graphics card still

Because Crypto miners are some of the stupidest fucking people around and think they are smart for getting in on a speculative bubble. People are 'rich' on crypto now, but not really because they aren't selling them. If they lose all value, they'll instantly become poor. And people have been having huge problems getting money back since these currencies can only handle laughably low amounts of transactions a day. There have been stories where people waited 3 weeks to get money back and this was before BitCoin started its plunge, losing like 10 bucks an hour one day. Imagine there's a crypto crash and everyone decides to pull their money out. How many you think will make it?

Don't. Invest. In. Crypto.

Put all that money into secure bluechips, collect dividends, laugh as overnight millionaires become overnight paupers because everyone is trying to unload their graphics card farms now that crypto crashed. The salt from the crypto crash is going to power this forum into the sun.

And I am REALLY fucking glad I upgraded when the 1080 first came out, because holy shit their prices are way worse than launch right now.
 
Because Crypto miners are some of the stupidest fucking people around and think they are smart for getting in on a speculative bubble. People are 'rich' on crypto now, but not really because they aren't selling them. If they lose all value, they'll instantly become poor. And people have been having huge problems getting money back since these currencies can only handle laughably low amounts of transactions a day. There have been stories where people waited 3 weeks to get money back and this was before BitCoin started its plunge, losing like 10 bucks an hour one day. Imagine there's a crypto crash and everyone decides to pull their money out. How many you think will make it?

Don't. Invest. In. Crypto.

Put all that money into secure bluechips, collect dividends, laugh as overnight millionaires become overnight paupers because everyone is trying to unload their graphics card farms now that crypto crashed. The salt from the crypto crash is going to power this forum into the sun.

And I am REALLY fucking glad I upgraded when the 1080 first came out, because holy shit their prices are way worse than launch right now.
I think you're overreacting, crypto isn't going to go away. it's become far too essential to the gray and black markets

at this stage of the game though, it certainly isn't worth anyone's time to do any serious mining. that boat sailed already.
 
Honestly, that's really the only way I see it sticking around, in a very limited capacity for shady shit. Which will see currencies rise and fall constantly, nothing majorly to invest in.

Not like, Russia is going to be buying tanks in bitcoins and shit.
 
  • Agree
Reactions: NumberingYourState
Honestly, that's really the only way I see it sticking around, in a very limited capacity for shady shit. Which will see currencies rise and fall constantly, nothing majorly to invest in.

Not like, Russia is going to be buying tanks in bitcoins and shit.
so in other words exactly how it is already lol

it might not have government backing, but it gives you access to a lot of things you can't get a hold of in any other way. it's the lack of government backing that even make their buying/selling possible, really. Cartels are adopting it more and more, and they might as well be a form of military backing. They're, at the very least powerful influencers.

Realistically, that cryptocurrency as a whole isn't going anywhere. It might crash further but it's still gonna end up being worth more money than when the boom first began. More decent folk might as well take advantage of it. You'd be surprised how much oral treatments for the terminally ill are with bitcoin. India will make illegal generics and keep sending it until it gets past customs - cheap to do since the pills are pennies on the dollar for them to make.

I don't think that's enough to make cryptocurrency an overall good thing to have happened, but it's not like there's anything we can do about it.
 
  • Agree
Reactions: Marvin
Crypto is bound to fail because it has no government backing. Governments can basically seize control of the block-chain any time they want, interfere and hijack transactions and there's very little people can do about it because Bitcoin doesn't have a military backing it up unlike governments. That's why the US Dollar, Ruble, Yuan, etc. have value. If some third world shithole suddenly started printing its own greenbacks to kill the dollar value, we just bomb them into oblivion and kill them all. Not even North Korea is fucking stupid enough to do this.

If someone fucks with crypto in the same way, what are they going to do? Send a strongly worded letter? What happens if China just decicdes 'Fuck all crypto, we don't want this undermining our control' and launches an all out offensive to make crypto worthless? You think the US will give a fuck?

These coins are basically on a limited lifespan and a complete speculative bubble because there is NOTHING backing them up besides people's imagined value of them. Once this is destroyed (and it could be over anything), they will crash. If you are spending money mining crypto you are a fucking re.tard.



Because Crypto miners are some of the stupidest fucking people around and think they are smart for getting in on a speculative bubble. People are 'rich' on crypto now, but not really because they aren't selling them. If they lose all value, they'll instantly become poor. And people have been having huge problems getting money back since these currencies can only handle laughably low amounts of transactions a day. There have been stories where people waited 3 weeks to get money back and this was before BitCoin started its plunge, losing like 10 bucks an hour one day. Imagine there's a crypto crash and everyone decides to pull their money out. How many you think will make it?

Don't. Invest. In. Crypto.

Put all that money into secure bluechips, collect dividends, laugh as overnight millionaires become overnight paupers because everyone is trying to unload their graphics card farms now that crypto crashed. The salt from the crypto crash is going to power this forum into the sun.

And I am REALLY fucking glad I upgraded when the 1080 first came out, because holy shit their prices are way worse than launch right now.
that's some advanced jew-jitsu right there
 
I'd say these tards are obviously not nuclear physicists but apparently they are. Embarrassing!

I would also venture that even a supercomputer is an incredibly inefficient way to mine cryptocurrency since almost all BTC is now mined using ASICs. Pure brute force just isn't the way to go these days. A closet full of ASICs will get you more than a single piece of Big Iron.

The real problem is HOLY FUCK YOU STUPID MONGS YOU CONNECTED TOP SECRET NUCLEAR DATA ON A RUSTING RUSSIAN MAINFRAME TO THE INTERNET

like what the fuck do they not expect that North Korea had access within seconds?
 
They clearly didn't use enough proxies. Six just isn't enough. That 7th is the magic one.


From what I've read DPRK has been heavily involved in counterfeiting US currency for a while and is one of the big reasons why the Twenty kept getting redesigned so much.

Best Korea, Uganda, and Nigeria are apparently the three biggest hotspots for counterfeit US currency. For obvious reasons.
 
Back