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A comment on Bitmain, the largest mining hardware company, made around $4B last year. Parent comment

Re:Bitmain, the largest mining hardware company, made around... by curyous on Friday February 23, 2018 @07:04PM (#16450719)
Proof of work, it requires continual investment if you want to get the rewards, not just sitting there watching the cash roll in.
[ Parent | on HN ]
Re:Bitmain, the largest mining hardware company, made around... by aoeusnth1 on Saturday February 24, 2018 @09:41PM (#16456833)
How is that more egalitarian? It's still a conversion between capital and income.

It's like saying stocks that give dividends are more "egalitarian" because you have to reinvest them in order to gain the same return on investment.

Absurd.

[ Parent | on HN ]