Re:Warren Buffett: Bitcoin Is Pure FOMO
by pttrpttrwttr on Thursday December 28, 2017 @04:39AM
(#16021154)
Pakistani here, you really expect us to believe that in countries without reliable electricity in rural areas, nevermind reliable broadband internet access, and 40% literacy rates people who, looking at the average GDPs of countries in the region couldn't possibly afford the necessary computing power are mining Bitcoin?
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Re:Warren Buffett: Bitcoin Is Pure FOMO
by BoorishBears on Friday December 29, 2017 @01:53PM
(#16031143)
How hard is it to imagine someone doing this:
http://www.cnn.com/2017/12/18/africa/inside-life-cryptocurre...
Could move to a rural location setup a 3g hotspot (remembering in these countries rural 3g is becoming common is actually fairly cheap) and run generators as backups?
Here's your country:
https://www.youtube.com/watch?v=ozBtOtDK4jY
Does anything shown really look that outlandish to do in a rural area with a little more than a backup generator?
Mining is taking off in 3rd world countries too.