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A comment on One Bitcoin miner is buying 20,000 16nm wafers from TSMC per month. Parent comment

Re:One Bitcoin miner is buying 20,000 16nm wafers from TSMC ... by undersuit on Monday January 22, 2018 @06:04PM (#16208970)
I think you're being too harsh. Right now silicon use is of course wrapped up in a loop of value derived from the coins being mined having value, but that completely disregards the actual value of the blockchains. An excellent quote I found is: "how to recycle what will soon or later be a HUGE obsolete distributed supercomputer dedicated to SHA-256."
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Re:One Bitcoin miner is buying 20,000 16nm wafers from TSMC ... by asudghionbio on Monday January 22, 2018 @06:33PM (#16209211)
>that completely disregards the actual value of the blockchains

It doesn't. I just think the value of blockchains is near zero. I have yet to hear of any problem that isn't better solved with a normal database.

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Re:One Bitcoin miner is buying 20,000 16nm wafers from TSMC ... by imtringued on Monday January 22, 2018 @07:21PM (#16209582)
There is one problem that the blockchain solves.

It can make a large hostile network with extremely high computation resources act like a single computer with the performance of a 10 year old desktop.

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