Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub
by bitxbitxbitcoin on Wednesday February 23, 2022 @10:39AM
(#30442200)
Yes. How many ways do you have to reliably monetize a portion of that $100 that goes to the utility company, though? At its core, proof of work (not Bitcoin's anymore because of ASICs), allows that.
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Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub
by lupire on Wednesday February 23, 2022 @12:01PM
(#30443253)
I dont need to monetize it, I can keep the $100 and not buy the energy. And it's not "reliable" if I get rug pulled (extemely common) or someone else has a more effcient mining setup (extremely common).
Maybe if I'm stuck on inefficient resistive heatong in winter, mining makes sense.