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"Crypto mining literally pays you for wasting power, so the more electricity you can burn, the more money you get." Well, you (or somebody else) still has to p
by kbart 9y ago
"Crypto mining literally pays you for wasting power, so the more electricity you can burn, the more money you get."
Well, you (or somebody else) still has to pay for power consumption used for mining, so it just converts money you pay for energy bill to micropayments (though in very unfavorable rate as of yet). Don't get me wrong, I don't advocate such shady behavior in any way, just wanted to point out that this "wasted power" point is a bit of a stretch.
- TeMPOraL 9y agoYou pay less for the wasted power than you get in cryptocoins - otherwise you wouldn't mine at all. The delta is what cryptocurrency system pays you for wasting electricity.