2 ms·
> (it's just O(1) as you said it, doesn't scale with more electricity added) Worse: It does the inverse of scaling. The more electricity that is added, the les
by PragmaticPulp 6y ago
> (it's just O(1) as you said it, doesn't scale with more electricity added)
Worse: It does the inverse of scaling. The more electricity that is added, the less efficient it gets.
Even worse: The system is designed to incentivize more people to join and waste electricity, by paying them to do so.
- fredfoobar 6y agoI get the "worse" comment, but not the "even worse" one. The system is NOT incentivizing people to join and waste electricity, the returns are diminishing for mining (and it gets worse every 4 years), the amount of up-front capital for a mining operation increases. I think it'll reach a tipping point and stop growing entirely.