Re:Hacker releases PII on Las Vegas-area students after offi...
by arcticbull on Friday October 02, 2020 @10:33PM
(#24669026)
> Crypto mining is unique because it is the first thing that requires no infrastructure.
That could not be more wrong. It requires piles of infrastructure: energy generation, transmission, cooling for miners, miners themselves, and so on.
> The entire story that crypto is “taking away” is wrong when it is giving in more cases than not because its the only economical way to mine.
Literally if people stopped wasting a country of power, generating stations would go offline.
> This goes hand in hand with the e-waste fallacy. The hardware doesn't go obsolete if the power costs are low enough, and at the remote power source it is low enough. There is a robust trade of “obsolete” hardware from people that have higher power costs to people that have lower power costs.
Absolutely not a fallacy. People literally throw out old miners and replace them with new miners to get a leg up on their peers. This is the waste. You can't pretend this away. 107 grams worth per transaction.
That could not be more wrong. It requires piles of infrastructure: energy generation, transmission, cooling for miners, miners themselves, and so on.
> The entire story that crypto is “taking away” is wrong when it is giving in more cases than not because its the only economical way to mine.
Literally if people stopped wasting a country of power, generating stations would go offline.
> This goes hand in hand with the e-waste fallacy. The hardware doesn't go obsolete if the power costs are low enough, and at the remote power source it is low enough. There is a robust trade of “obsolete” hardware from people that have higher power costs to people that have lower power costs.
Absolutely not a fallacy. People literally throw out old miners and replace them with new miners to get a leg up on their peers. This is the waste. You can't pretend this away. 107 grams worth per transaction.