Re:Why I’m so “against” Ethereum
by Dylan16807 on Saturday December 29, 2018 @01:03AM
(#18782176)
I'm not sure what your argument was? But I'll reply with a few points.
Bitcoin mining depends on finding a hash that starts with a whole bunch of zeros, which is more or less equivalent to being just close enough to a jesus that you can sell it for money.
Joining a mining pool gets you a relatively fixed payout, counteracting the lottery nature. You'd only have to burn one box of matches to get a guaranteed payout of 300/730000 of a jesus match.
Bitcoin mining depends on finding a hash that starts with a whole bunch of zeros, which is more or less equivalent to being just close enough to a jesus that you can sell it for money.
Joining a mining pool gets you a relatively fixed payout, counteracting the lottery nature. You'd only have to burn one box of matches to get a guaranteed payout of 300/730000 of a jesus match.
Yes it's still a waste of power.