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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 aoeusnth1 on Saturday February 24, 2018 @09:33PM (#16456802)
The capital comes out of thin air - it's created when ETH goes up in value, or destroyed when ETH goes down in value.

Also, unlike electricity, PoS has no negative externalities. PoW kills people with air pollution.

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