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by mike_d 1033 days ago
Be super careful inserting yourself as a reseller of GPUs (ShadeCloud).

You'll quickly find that your platforms primary use is to turn stolen credit cards into cryptominers.

1 comments

crypto doesn't use gpus to mine any more. after ETH switched to PoS, the whole gpu mining world was decimated (thankfully). even on a free tier, you'd be lucky to get a few dollars a day, for a whole lot of upfront work.

that said, i agree that you do have to be careful reselling anything... people will find nefarious uses, it just isn't mining anymore.

I'm not referring to normal users that are trying to generate ROI. When your actual cost is $0, even GPU mining Monero or shit coins is cash flow positive and relative low risk.

A "few dollars a day" is good money for people in some parts of the world.

I didn’t discount what you said at all. I just clarified that mining is less of a concern these days. It isn’t even a few dollars a day at this point, it is pennies.

Monero is far more efficient to mine with CPUs, not GPUs.

Easy to mitigate with credit card signup and individual approval.

Go try to get an account with CoreWeave and you’ll see what I mean.

Appreciate the feedback and will definitely watch out!