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Except that isn't true. The chip in the hair dryer would become obsolete before it ever mined a block, so your expensive hair dryer would be even more wasteful
by SantalBlush 5y ago
Except that isn't true. The chip in the hair dryer would become obsolete before it ever mined a block, so your expensive hair dryer would be even more wasteful. What a ridiculous proposition.
- drexlspivey 5y agoI take it you are not familiar with POW mining? You don’t have to mine a full block, you get paid for any fractional contribution. Any device that converts energy to heat can be replaced by another that converts the same amount of energy to the same amount of heat while doing POW work.
- SantalBlush 5y agoLast I checked, Bitcoin didn't automatically give fractional mining rewards, and one needed to join a mining pool for that. But it doesn't matter, because the reward would be so small in this case that it wouldn't outweigh the cost of buying a chip to put in an appliance. If you think I'm wrong, then by all means mine hardware with all of your heating devices. Hell, if the money is really there, create a startup selling mining appliances and get rich. It's easy money, right? Start today.