Crypto miners. Does this vid make your heart bleed?

No, because the Bitcoin Protocol accounts for loss of hash rate by lowering the "difficulty adjustment", thus making mining easier, and encouraging more miners into the space.

It's a virtuous feedback loop, that protects the integrity of the BTC network.

It was VERY well thought out.

Nothing ceases to amaze me anymore.

Society has gone full retard and it aint slowing down any time soon.

crypto mining uses a sinful amount of electricity.

It'll all go to zero.

Soon.

All obsolete equipment... LOL

Those are useless BTC mining gear.

Real miners use modern GPUs and mine Eth and other more profitable coins.

LOL.

Tell that to the miners using solar power rigs and modern GPUs. Zero cost electricity.

Moron.

Fail

Proof of Work is obsolete. Look at all the E-waste it creates. It also is a huge waste of energy.

They were using PoW to solve the double spend problem verifying transactions with all this computing power. But you dont have to do that anymore now that Consensus Ledgers are invented.

You cant call people morons when you have not done the Math. Bitcoin cannot scale past 10% of the population without using more energy than we currently produce on the planet. It has an exponential energy scaling problem.

Link?

Not everyone has enough solar panels to cover a football stadium.

It uses a small fraction of the power used by banksterism, and most of what it does use these days comes from renewable sources.

All that E-waste burned energy and resources to create.

On the contrary, Proof Of Work is the only system that guarantees decentralization (Proof Of Stake is centralized, to a greater or lesser extent) and is one of the very best uses of electricity that we have, today.

As long as there is equipment to be used (GPUs and CPUs) mining will always be present. There are close to 20 million miners all around the world.

A coin shifting from PoW to PoS is meaningless because the miners will simply shift their rigs and operation to the next coin that offers PoW and that coin will explode in price because demand just increased.

Its not decentralized when majority of the hashrash is consolidated into the hands of a few faceless miner groups.

What you really mean to say is that its not controlled by the banks.

proof of work coins are a bit silly at this point

you can prove you can mine stuff for no reason at all


how about utility?

it was a good run and bitcoin will always be around, much like collecting rare artifacts and art..

not dissing

but a bunch of mining doesn't really help or hurt anything..

it's just kind of silly..

Those S5’s and S7’s were 100% worthless already. Even the S9’s can’t break even right now.

Keeping them in existence is just an invitation for someone to steal more electricity.

PoW and PoS are both ways to solve the double spend problem and most people are so ignorant about crypto they dont know there is another way to solve the problem. With Consensus Ledgers. Its much faster, with less fees, uses minimal energy and is scalable.

Dummy doesn't understand those facts.
More and more electrical generators are mining instead of supplying the electrical grid with power.

They make more money and a fake coin of spent energy to care about the village.

They have the power to mine for bit coin, not provide you or your community with power.

Ah solar, keeping those slaves in China working for you , I see.

Are you fucking retarded?

A PSU is a 1000W, that can run 3-5 modern GPUs (which will give you a hashrate of 300 - 800MH/s.

You can buy a 1200W at home portable solar generator/battery with 4 foldible and portable panels no bigger than 2ft each.

They need to make these coins illegal before the grid collapses with their greed for fake things.

Are you dumb or ill informed?
New York's hydro plant is now only producing power for their fleet of computers.

Not giving the grid electricity to save grandma from the heat.

You're a moron who thinks people are mining Bitcoin .... they arent.


Mining bitcoin isnt profitable. People mine Ethereum and other coins because they are more profitable.

The only ones mining bitcoin is China.

Mining is now illegal there due to the stress on their grid.
I think we would be smart to follow suit.

ETH still uses alot of Energy, its slower and the fees are ridiculous.

ETH 2.0 will not make it any cheaper, its going to stop paying fees to miners but the fees will be burn up so you still have to pay the high fees.

You are dumb, because I'm a miner.

You have no idea what the fuck you are talking about.


Go to forums and subredds about mining. You'll see for yourself what miners are using.

You believe China when they say they banned mining



You dumb son.


Did you believe them too when they said the wuhan flu came from bats too?


China is still mining BTC. They are in control of the BTC pools. They will never stop it because they have 51% control over the network.

The profitability for your GPU mining is over when ETH goes 2.0 proof of stake.

When everyone switches over to some random coin which is less profitable its going to spike the mining difficulty through the roof. It will cost you more to power them than you make.

As a video gamer who can't find a new video card anywhere, that makes my heart bleed.

I suggest you go ogle and see all the power generators entering the mining game.

This is what happened in China a year ago.
And now mining is illegal.

Quit being an arrogant ignorant idiot.
Your greed is going to collapse our society.