News for hackers. Stuff that matters.

A comment on Wind energy used to mine cryptocurrency to fund climate research. Parent comment

Re:Wind energy used to mine cryptocurrency to fund climate r... by sopooneo on Saturday September 16, 2017 @09:33PM (#15267763)
You can completely agree with crypto-currencies having value and also believe "There's no net-value created by doing the 'mining part'". The reason is that whatever you gained in BitCoin value you lost in the ability to sell your electricity.
[ Parent | on HN ]
Re:Wind energy used to mine cryptocurrency to fund climate r... by DINKDINK on Sunday September 17, 2017 @01:33AM (#15268367)
The net value of doing additional mining is that the payment that you accept as a merchant is that much harder to undo by an attacker.

If you accept that a bank vault that has one guard is made more secure by adding another guard you must accept that adding miners to a PoW chain makes it more robust against attackers -- this is the value.

[ Parent | on HN ]