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General Cryptocoin Discussion

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What does it matter finite or infinite ammount, usually the last coin will take forever to mine on increasing difficulty. And If it is tied to some fiat, it's like printing money, should be illegal.

The only value it holds is for speculation, if it doesn't increase nobody would want it, let alone decrease. And it won't increase forever, actually it can as long the whales can stamp whatever price they want on it by selling and buying to themselves using their own multiple accounts, yeah, i want 30k for 1 coin, great it's a deal i just solt it for 30k to myself, yeah, next i want 40K for it, it's a deal, in all likelyhood if they make 50% of the transactions, 50% of the time it returns back to them, and also receive the fee reward, and so on and so forth. So long as the new comers keep paying the miners this could work.
I'm sorry, but you certainly don not know what are you talking about, how things work on crypto, what decentralized mean, probably not know what blockchain is and what it can do on its full potential and how it can gain value and so on...

Not all coins are mineable, not all coins are decentralized/centralized and its not like printing FIAT. Different blockchains can serve different purposes. There is a whole lot more behind the tech and we haven't seen much of it yet.
Anyway, mining will eventually be terminated by code upgrades. At least for some of them. Ethereum is the first of the big ones and its very close to its upgrade.

Dont spread out your false ideas, your psychology (based on herd behavior) assumptions or your shallow understanding of digital coin and blockchain.
People's greatest power is knowledge, and some are fighting to keep it restricted (not you I want to believe) or drown it into a river of lies, with mockery, alleged security issues, and so on...
And this does not apply to crypto only.
 
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musk and bezzos are now trying to get a 5billion dollar contract from tax payers money for going to space. how does that help us all.
Yeah, they get to look down on everyone like they always do, but from a greater height. I guess its been their life-long "assperation". :laugh:
 
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China's share of mining fell from 75.5% in September 2019 to 46% in April 2021.
Researchers found a seasonal movement of mining between Chinese provinces in response, it was suggested, to the availability of hydro-electric power.
Mining moved from the coal-burning northern province of Xinjiang in the dry season, to the hydro-abundant southern province of Sichuan in the rainy season.
The researchers noted that "this seasonal migration has materially affected the energy profile of Bitcoin mining in China", adding that it illustrated "the complexity of assessing the environmental effects of mining".
 

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Was just reading about this: Ethereum Proof of Stake Date: Date + What You Need to Know (exodus.com)

When I saw these energy comparisons inside the link.

bitcoin-energy-consumption-vs-banks-gold-paper.jpg
 
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Nah. No one outside China used Poly and China is already a nonfactor from it's earlier exit.

Was just reading about this: Ethereum Proof of Stake Date: Date + What You Need to Know (exodus.com)

When I saw these energy comparisons inside the link.

View attachment 212213
People need to remember this everytime they act like bitcoin singlehandedly caused global warming.
 
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Was this posted before?

If not, it's worth watching.
 
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I recall some 1 million mining machines are headed to Canada where power is abundant and cheap

There are lots of operations here so I criticize the ones using video cards frequently

One deal has to do with some Chinese operations wanting to get out of China, others may follow
 
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Nah. No one outside China used Poly and China is already a nonfactor from it's earlier exit.


People need to remember this everytime they act like bitcoin singlehandedly caused global warming.
except they don't

people seems to like to ideolize things, shutting their brain off and eating whatever they are told to;

most of politicians/lawmakers are sure good people who are not there only for self interest
musk is sure a good, ethical and corcerned for the ambient right? he also made tesla and paypal except that he didn't
 
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Well duh.


It's a helluva lot more than 1 million. 1 million might cover just my home state, Washington.

I do not cover the sector close outside the impact on the price of video cards
most of the machines I seen are using Ant miners which are inconsequential to video cards
 
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I do not cover the sector close outside the impact on the price of video cards
most of the machines I seen are using Ant miners which are inconsequential to video cards
Direct bitcoin mining is ASIC driven, and all irrelevant to video cards at this point other than using silicon wafers.
 
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Direct bitcoin mining is ASIC driven, and all irrelevant to video cards at this point other than using silicon wafers.
dunno what's up with the discussion
but on gpu eth and raven are still profitable
 
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It was all about energy consumption... until now:

OG article:
 
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It was all about energy consumption... until now:

OG article:
Energy consumption is a nonissue honestly vs other industries. E-waste is likewise similar to any tech sector. Not great, but something tech in general needs to work on... why single out crypto?
 

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