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t3hpwnographer (OP)
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December 14, 2017, 08:29:33 PM |
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The FCC voted today to kill net neutrality which will now allow ISPs to throttle/block any traffic they see fit. I've seen a lot of people speculating that they're doing this to try to quash the rise of cryptocurrencies which they view as a threat to USD. Do you think it's likely that we'll see American-based mining pools and possibly even exchanges throttled? And if so, would that hurt or help mining for Bitcoin and other popular altcoins (ie would the decrease in total miners make the value go down since other miners now receive more, or would the drop in network hash rate result in more difficult mining and thus higher valued coins)?
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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greyday
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December 14, 2017, 08:38:54 PM |
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I kind of doubt it, because there will always be options outside of the big corporate ones (at least in most cities), and I'm not sure that there is a specific movement to squash crytpos; quite frankly, I'd be surprised if they are even on the radar of the current FCC chair, this to me reads more like an attempt to bilk users for more money to use streaming services, and limit access and speeds for small businesses (basically to allow for legal extortion from the ISPs).
If it did, however, you would likely see a temporary decrease in difficulty until all the machines using the US pools found new places to point, and possibly some decline in performance for machines in the US. I think it would probably be like the recent pause in Nicehash services, where mining the individual coins went up for a bit, and the daily profitable coins appear more profitable, because Nicehash's algorithms aren't set to immediately switch to them. In other words, slight changes, but I wouldn't expect, like, LTC to become profitable on GPUs or anything.
EDIT TO ADD: also, a simple majority vote in congress can stop it from going into effect, and I guarantee you that vote will come up (how it turns out, at this point, is anyone's guess).
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pbuva
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December 14, 2017, 08:45:43 PM |
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This is not a bad question at all. Not only is it a quintessential thing to eliminate network neutrality, it is one of the things that will be exploited.
But, what about VPN?
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Emoclaw
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December 14, 2017, 09:25:39 PM |
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No. First of all the amount of users that connect to mining pools compared to streaming services like Netflix is so minuscule that ISPs don't even know what they are, let alone think about throttling them.
The Net Neutrality repeal won't hurt Bitcoin in any shape or form. Keep in mind that Net Neutrality was introduced in 2015, everything Bitcoin-related was fine before then.
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leowonderful
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December 14, 2017, 09:32:36 PM |
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There's very little reason right now for ISPs to go after crypto miners. They generally don't use a whole lot of bandwidth and are not a huge threat to the companies at this point in time. Not much will change, the story about net neutrality has been blown massively out of proportion and exaggerated way too much, though there is truth in many things. Can things change? Yes, but it will probably not be instantaneous.
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t3hpwnographer (OP)
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December 14, 2017, 11:51:52 PM |
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A lot of good points so far; it's easy to lose perspective when you are immersing yourself in something like crypto mining. It will be interesting to see if any ASIC miners in America report anything though, especially if they get their internet through smaller ISPs that have the time to pay close attention. I understand that it doesn't use a lot of bandwidth but let's be honest this whole ordeal isn't even remotely about anything other than milking every possible cent out of consumers. As soon as they get a whiff of any significant crypto mining profits I will not be surprised to see them go after it.
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kryptonic
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December 15, 2017, 01:58:35 AM |
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The death of net neutrality is a good thing. Keep the government out of it. We don't need them censoring what content we have access to. Allow the free market to operate. Some ISP tries to throttle you or block crypto sites then another ISP will pop up and offer better service. Free market FTW!!
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greyday
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December 15, 2017, 05:43:26 AM |
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The death of net neutrality is a good thing. Keep the government out of it. We don't need them censoring what content we have access to. Allow the free market to operate. Some ISP tries to throttle you or block crypto sites then another ISP will pop up and offer better service. Free market FTW!!
Net neutrality rules WERE keeping the government out of it. The free market only works where competition is possible; in most places in the US, you have a choice between MAYBE 2-3 huge corporate options. I live in Portland, and even here there are only a couple independent companies which aren't available in all parts of the city. And in many cases the big companies own the lines themselves. Protecting direct access is actually in the free market's interest. Terminating Title II protections only serves to benefit large corporations in positions of virtual monopoly. It is oligarchic; net neutrality prevented censorship, and removal of those protections encourages it. |
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toptek
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December 15, 2017, 09:05:38 AM
Last edit: December 15, 2017, 10:24:44 AM by toptek |
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The death of net neutrality is a good thing. Keep the government out of it. We don't need them censoring what content we have access to. Allow the free market to operate. Some ISP tries to throttle you or block crypto sites then another ISP will pop up and offer better service. Free market FTW!!
Everyone should go look up the Second bill rights if you live in the US. a lot of people including me don't know about it or didn't know about, an if FDR had lived a little longer, he would have made law ... NO the government should have a say when it comes to some stuff and this just happen to be one of them the government was protecting us ...Like health care in the US we need a single payer system which we have and have had sense FDR started it in the 1930's .. but was block some by the Republicans...... but is back or the idea every one in the US should have access to Medicare we pay it but only the disabled and Retired can use it, remember 2018 is coming ....Don't let these Ass holes running things now get you down they won't be much longer.. We vote in the US unlike Russia .. or our votes actually count and they can't kill anyone to win a vote . Russia may vote but there votes are kill votes so to speak you can be killed if you vote wrong . So, Don't lose hope this will be over turned ..... it's gonna go though the courts,yet /again, once trump is gone so will all those ass hole who break our Constitution. the head of the FCC expects us to believe him, he worked for Verizon, so we know who his true Loyalty is for and it's not for the People, so hang in there time will tell ... just sayin though, its very possible it could make it through and if it does ohhh man shit bout to get real and fast, not overnight but still
True but you also have to look at in a Positive way , it may not . it can take months before any thing real happens and after that another 60 days before it all goes full law and a lot can happen. I watched the Vote on YouTube it was doomed to started with... there was no way it wasn't gonna be repealed,l feel it should have gone though the same shit Obama Care went though, three votes and it's repealed this is a big deal ... |
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CryptoWatcher420
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December 15, 2017, 09:10:42 AM |
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just sayin though, its very possible it could make it through and if it does ohhh man shit bout to get real and fast, not overnight but still
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The Demon Slick
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December 15, 2017, 09:37:09 AM |
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They don't want your money, they want big loot. Netflix, Amazon, Apple, Microsoft cloud.... a large part of all web traffic is just for Netflix, ISP's see them making big loot, they want a cut. Besides, I don't know about you, but I pay for a certain amount of speed. Slower plans are available.
Cheers!
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toptek
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December 15, 2017, 09:46:02 AM
Last edit: December 15, 2017, 10:28:30 AM by toptek |
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They don't want your money, they want big loot. Netflix, Amazon, Apple, Microsoft cloud.... a large part of all web traffic is just for Netflix, ISP's see them making big loot, they want a cut. Besides, I don't know about you, but I pay for a certain amount of speed. Slower plans are available.
Cheers!
I'm not sure i understand what your getting at but BS they don't want our money and it's not just Netflix, Amazon, Apple, Microsoft cloud. Like you think , it will be like buying TV channels , if it happens plus paying for the Speed on top of other shit like being blocked or pay for the service being blocked, while the service being blocked is paying to. Like maybe paying for access to the bitcointalk.org Forums, then well see how you feel, if that's free, i don't know what to say. It was starting to happen that way before net neutrality was enforced back in 2015 that's why it was done ... back then they took heed and listened to the People . The whole point of net neutrality was to stop that kind of unfair trade, in this case speed has nothing to do with it . speed is not why we want net neutrality. It's called Freedom on the WED with out Limits . And the US Government is suppose to stop this kind law breaking of basic rights, if you live in the US, which I get the feeling you don't . |
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The Demon Slick
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December 15, 2017, 10:20:57 AM |
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37% of all web traffic in North America is Netflix. The people who own the backbone want a slice. I pay x$ now for 100mb/s connection. Tomorrow I will still have a 100mb/s connection. Maybe Netflix goes up a buck. I don't think you need to worry. The internet wasn't broke before net neutrality. Net neutrality wasn't around very long. The internet will not be broken when it is gone.
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toptek
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December 15, 2017, 10:30:08 AM |
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37% of all web traffic in North America is Netflix. The people who own the backbone want a slice. I pay x$ now for 100mb/s connection. Tomorrow I will still have a 100mb/s connection. Maybe Netflix goes up a buck. I don't think you need to worry. The internet wasn't broke before net neutrality. Net neutrality wasn't around very long. The internet will not be broken when it is gone.
that % is BS ..an your memory is short lived of how it was back before net neutrality ..so that said : I'm not gonna fight with a troll/bot ....... ... Cya ... |
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The Demon Slick
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December 15, 2017, 10:48:26 AM |
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37% of all web traffic in North America is Netflix. The people who own the backbone want a slice. I pay x$ now for 100mb/s connection. Tomorrow I will still have a 100mb/s connection. Maybe Netflix goes up a buck. I don't think you need to worry. The internet wasn't broke before net neutrality. Net neutrality wasn't around very long. The internet will not be broken when it is gone.
that % is BS ..an your memory is short lived of how it was back before net neutrality ..so that said : I'm not gonna fight with a troll/bot ....... ... Cya ... I suggest you check the % for yourself, using a source that you trust. No need to be uncivil. |
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Shitcointalk
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December 15, 2017, 03:25:57 PM |
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The death of net neutrality is a good thing. Keep the government out of it. We don't need them censoring what content we have access to. Allow the free market to operate. Some ISP tries to throttle you or block crypto sites then another ISP will pop up and offer better service. Free market FTW!!
You can't possibly say that if you have a clue about what is net neutrality. Or what is means not to have it anymore. As it was said, it will be like buying TV channels: Basic facebook/wikipedia 10$, gamer pack +20$, Netflix +10$, youporn +5$, extra adds with cheapest package, ... So you will have to pay more for any extra. BUT, the few big ISP will be able to select what they allow you to see. So no more torrent, of course. But no more freedom of speech, because they will select what news you can read, and block those they don't like. Same for blogs and forums. No more VPN (or maybe on pro package only), no more "anything free", unless they allow it. In the end, everything that made internet great, will disappear. The few big ISP corporations will control it entirely, and choose for you what you are allow to watch, and/or how much you have to pay to watch it. I that really what you meant ? |
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dagarair
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December 15, 2017, 03:27:57 PM |
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Our data transfers are nothing, we will not be affected in the least bit imo.
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Shitcointalk
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December 15, 2017, 03:52:43 PM |
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Our data transfers are nothing, we will not be affected in the least bit imo.
I agree with you. But it is not much about the traffic size, or the extra price they will charge, it is about the control ISP have now over the internet. A stupid example: - with net neutrality: Government wants to shut bitcoin down? They can't, maybe they will close a few centralized exchanges. - Without net neutrality: Government wants to shut bitcoin down? They agree with ISP to block any mining activity, any website relative to bitcoin, any kind of bitcoins exchange, and of course this forum ! |
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dagarair
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December 15, 2017, 04:27:27 PM |
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Yeah possibility but improbable. I am actually legit and report everything I make to the goverment. They are really after the big guys, if thats you and you don't report you better leave the USA. Coinbase already has to fork over 2013-2015 accounts to the IRS so 2016 is next im sure and then many peeps will start going to jail.
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