Re:Bitcoin miners are buying power plants
by tshaddox on Friday April 16, 2021 @02:46AM
(#26830433)
Making money without using electricity? I suppose that’s not impossible, but it sounds unlikely at any appreciable scale.
[ Parent
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Turning electricity into money is different from using some electricity while you make money.
I fail to see the distinction. Bitcoin mining, just like farming, traditional mining, etc. doesn’t literally have electricity as its only input.
> I fail to see the distinction. Bitcoin mining, just like farming, traditional mining, etc. doesn’t literally have electricity as its only input.
If your are referring to the wasted hardware, then sure, but once the equipment is in place, Bitcoin mining itself does in fact have electricity as the only input.