Ethereum: GPU Mining Is Back But For How Long?

September 1, 2017 by Jack Laidlaw 66 Comments

By now, everyone and their dog has at least heard of Bitcoin. While no government will accept tax payments in Bitcoin just yet, it’s ridiculously close to being real money. We’ve even paid for pizza delivery in Bitcoin. But it’s not the only cryptocurrency in town.

Ethereum initially launched in 2015 is an open source, it has been making headway among the 900 or so Bitcoin clones and is the number two cryptocurrency in the world, with only Bitcoin beating it in value. This year alone, the Ether has risen in value by around 4000%, and at time of writing is worth $375 per coin. And while the Bitcoin world is dominated by professional, purpose-built mining rigs, there is still room in the Ethereum ecosystem for the little guy or gal.

Ethereum is for Hackers

There may be many factors behind Ethereum’s popularity, however one reason is that the algorithm is designed to be resistant to ASIC mining. Unlike Bitcoin, anyone with a half decent graphics card or decent gaming rig can mine Ether, giving them the chance to make some digital currency. This is largely because mining Ethereum coins requires lots of high-speed memory, which ASICs lack. The algorithm also has built-in ASIC detection and will refuse to mine properly on them.

Small-scale Bitcoin miners were stung when the mining technology jumped from GPU to ASICs. ASIC-based miners simply outperformed the home gamer, and individuals suddenly discovered that their rigs were not worth much since there was a stampede of people trying to sell off their high-end GPU’s all at once. Some would go on to buy or build an ASIC but the vast majority just stopped mining. They were out of the game they couldn’t compete with ASICs and be profitable since mining in its self uses huge amounts of electricity.

Economies of scale like those in Bitcoin mining tend to favor a small number of very large players, which is in tension with the distributed nature of cryptocurrencies which relies on consensus to validate transactions. It’s much easier to imagine that a small number of large players would collude to manipulate the currency, for instance. Ethereum on the other hand hopes to keep their miners GPU-based to avoid huge mining farms and give the average Joe a chance at scoring big and discovering a coin on their own computer.

Ethereum Matters

Ethereum’s rise to popularity has basically undone Bitcoin’s move to ASICs, at least in the gamer and graphics card markets. Suddenly, used high-end graphics cards are worth something again. And there are effects in new equipment market. For instance, AMD cards seem to outperform other cards at the moment and they are taking advantage of this with their release of Mining specific GPU drivers for their new Vega architecture. Indeed, even though AMD bundled its hottest RX Vega 64 GPU with two games, a motherboard, and a CPU in an attempt to make the package more appealing to gamers than miners, AMD’s Radeon RX Vega 56 sold out in five minutes with Ethereum miners being blamed.

Besides creating ripples in the market for high-end gaming computers, cryptocurrencies are probably going to be relevant in the broader economy, and Ethereum is number two for now. In a world where even banks are starting to take out patents on blockchain technology in an attempt to get in on the action, cryptocurrencies aren’t as much of a fringe pursuit as they were a few years ago. Ethereum’s ASIC resistance is perhaps its killer feature, preventing centralization of control and keeping the little hacker in the mining game. Only time will tell if it’s going to be a Bitcoin contender, but it’s certainly worth keeping your eye on.

Ourselves As Others See Us Through The Lens Of Traditional Media

August 29, 2017 by Jenny List 25 Comments

When I presented myself at the SHACamp 2017 info desk bright and early on the first full day of the camp, I was surprised to find that I was to be assigned a volunteer along with my press badge. Because of the way our community is sometimes covered by the traditional media, it was necessary that any journalists touring the site have a helping hand to ensure that they respect the privacy of the attendees, gain permission from people likely to be in any photographs, and generally not be idiots about the whole Hacker thing. I pointed out that I was working for Hackaday and not The Sun, and that as an active hackspace member and former hackspace director I was very much a part of the community attending SHA 2017 who would simply be wasting the valuable time of any volunteer assigned to me. Fortunately for the next volunteer in line they agreed with my point of view, so one of the angels was spared a day of my breakneck walking pace and impenetrable British colloquialisms.

It’s interesting therefore a few weeks after the event, to investigate how it was portrayed through the eyes of people who aren’t coming as Hackaday is, from within the bubble. To take a look at that disconnect between what we know about our community and its events, and how the traditional media sometimes like to portray us. Are they imagining the set of a Hollywood “hacker” movie in which assorted geniuses penetrate the computer systems of various international institutions by the simple expedient of banging wildly at a keyboard for a few seconds, or will the reality of a bunch of like-minded technology enthusiasts gathering in a field for several days of tinkering and other fun activities be what makes their reports?

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The Tourbillon: Anti-Gravity For Watch Movements

August 28, 2017 by Kristina Panos 33 Comments

Do you know what time it is? Chances are good that you used a computer or a cell phone to answer that question. The time on your phone is about as accurate as chronometry gets these days. That’s because cell networks are timed from satellites, which are in turn timed from atomic clocks. And these days, it may be that atomic clocks are the only clocks that matter.

Before this modern era of quartz and atomic accuracy, though, timepieces were mechanical. Clocks were driven by heavy weights that made them impractical for travel. It wasn’t until the mainspring-driven movement came along that timekeeping could even begin to become portable.

But while the invention of the mainspring made portable timepieces possible, it hurt their accuracy. That’s because the driving force of a tightly wound spring isn’t constant like that of an inert, solid weight. So pocket watches weren’t exactly an overnight success. Early pieces were largely ornamental, and only told the hour. Worst of all, they would slow down throughout the day as the mainspring unwound, becoming useless unless wound several times a day. The mainspring wasn’t the only problem plaguing pocket watches, but it was the among the most obvious.

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The Best Stereo Valve Amp In The World

August 16, 2017 by Jenny List 83 Comments

There are few greater follies in the world of electronics than that of an electronic engineering student who has just discovered the world of hi-fi audio. I was once that electronic engineering student and here follows a tale of one of my follies. One that incidentally taught me a lot about my craft, and I am thankful to say at least did not cost me much money.

Construction more suited to 1962 than 1992.

It must have been some time in the winter of 1991/92, and being immersed in student radio and sound-and-light I was party to an intense hi-fi arms race among the similarly afflicted. Some of my friends had rich parents or jobs on the side and could thus afford shiny amplifiers and the like, but I had neither of those and an elderly Mini to support. My only option therefore was to get creative and build my own. And since the ultimate object of audio desire a quarter century ago was a valve (tube) amp, that was what I decided to tackle.

Nowadays, building a valve amp is a surprisingly straightforward process, as there are many online suppliers who will sell you a kit of parts from the other side of the world. Transformer manufacturers produce readily available products for your HT supply and your audio output matching, so to a certain extent your choice of amp is simply a case of picking your preferred circuit and assembling it. Back then however the world of electronics had extricated itself from the world of valves a couple of decades earlier, so getting your hands on the components was something of a challenge. I cut out the power supply by using a scrap Dymar Electronics instrument enclosure which had built-in HT and heater rails ready to go, but the choice of transformers and high-voltage capacitors was something of a challenge.

Pulling the amplifier out of storage in 2017, I’m going in blind. I remember roughly what I did, but the details have been obscured by decades of other concerns. So in an odd meeting with my barely-adult self, it’s time to take a look at what I made. Where did I get it right, and just how badly did I get it wrong?

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Eclipse 2017: Was Einstein Right?

August 16, 2017 by Dan Maloney 46 Comments

While most people who make the trek to the path of totality for the Great American Eclipse next week will fix their gazes skyward as the heavenly spectacle unfolds, we suspect many will attempt to post a duck-face selfie with the eclipsed sun in the background. But at least one man will be feverishly tending to an experiment.

On a lonely hilltop in Wyoming, Dr. Don Bruns will be attempting to replicate a famous experiment. If he succeeds, not only will he have pulled off something that’s only been done twice before, he’ll provide yet more evidence that Einstein was right.

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Know Thy LED

August 8, 2017 by Inderpreet Singh 82 Comments

The invention of the LED is one of the most important discoveries of our times. They are everywhere, from our flashlights to household lighting and television sets. We don’t need to tell you that a project with more blinkies is better than a project with fewer blinkies. But an LED is not simply an LED; the sheer variety of LEDs is amazing, and so in this write-up, we’ll take a closer look at how to choose the right LED for your next masterpiece. Continue reading “Know Thy LED” →

Avoiding The Engineer-Saviour Trap

August 3, 2017 by Jenny List 94 Comments

The random seaside holidays of Hackaday staffers rarely sow the seeds of our articles, but my most recent trip had something slightly unusual about it. I was spending a couple of days in a resort town on the Isle of Wight, just off the coast of Southern England, and my hotel was the local outpost of a huge chain that provides anonymous rooms for travelling salesmen and the like. I could probably find an identical place to lay my head anywhere in the world from Anchorage to Hobart and everywhere in between.

My room though was slightly different to the norm. By chance rather than necessity I’d been assigned one of the hotel’s accessible rooms, designed with people with disabilities in mind. And once I’d reached the limit of the free amusement that the digital TV channels of Southern England could provide, my attention turned to the room itself, eyeing up its slightly unfamiliar design features as an engineer.

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