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A comment on Bitcoin mining becomes unprofitable as BTC price falls to average cost of mining. Parent comment
Amusing fact: if we go look up dollar auctions [0] the process described sounds superficially like Proof of Work mining.
[0] https://en.wikipedia.org/wiki/Dollar_auction
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Amusing fact: if we go look up dollar auctions [0] the process described sounds superficially like Proof of Work mining.
[0] https://en.wikipedia.org/wiki/Dollar_auction