4 ms·
This article actually explains certain aspects of Crypto way better than actual articles that try to explain Crypto. E.g., I've been wondering why a certain Bi
by reactspa 5y ago
This article actually explains certain aspects of Crypto way better than actual articles that try to explain Crypto.
E.g., I've been wondering why a certain Bitcoin podcaster, who is very popular, has never mined a Bitcoin. He/she talks all day about "stacking Sats", but he/she only buys them. Reading this article made me realize that he/she might see him/herself as a member of the ruling class.
- dheera 5y ago> I've been wondering why a certain Bitcoin podcaster, who is very popular, has never mined a Bitcoin The people actually mining Bitcoin don't have time for podcasts. Podcasts, Youtube, media in general are mostly dominated by people who don't actually do other work, because creating content for those platforms is extremely time-consuming.
- kristofferR 5y agoBitcoin mining isn't something you can do on your own anymore. Unless you're accidentally located at a place with the cheapest electricity you'll have no chance. Not to mention the ASICs, by the time end-users can acquire them they're usually outdated.
- sanderjd 5y agoIt's actually the opposite: even that podcaster is probably not wealthy enough to successfully mine a bitcoin. Bitcoin mining requires a big business and not even one that is easy to start wherever you happen to be; you have to have access to cheap electricity.