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A comment on Nvidia announces mining GPUs, cuts the hash rate of RTX-3060 in half. Parent comment

Re:Nvidia announces mining GPUs, cuts the hash rate of RTX-3... by greyface- on Friday February 19, 2021 @12:16AM (#26190027)
Here are a couple of 2010 Satoshi forum posts on the topic: https://satoshi.nakamotoinstitute.org/posts/bitcointalk/thre...
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Re:Nvidia announces mining GPUs, cuts the hash rate of RTX-3... by Tepix on Friday February 19, 2021 @07:24AM (#26192374)
Satoshi writes:

"Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange.

I think the case will be the same for Bitcoin. The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste."

I think we're long past this point and we have better alternatives to PoW now.

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