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I 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 m
by fredfoobar 6y ago
I 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.