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You need to buy mining equipment too. To get the best returns on Bitcoin, you need the connections and scale to buy the latest ASIC hardware from the few manufa
by DennisP 5y ago
You need to buy mining equipment too. To get the best returns on Bitcoin, you need the connections and scale to buy the latest ASIC hardware from the few manufacturers that make it.
- littlestymaar 5y agoJust because bitcoin is bad doesn't mean Ethereum isn't too.
- DennisP 5y agoYou said: "if you're doing PoS you're not in a permissionless blockchain anymore (since you need to buy staking power)." So my point was that having to buy stake doesn't make Ethereum's proof-of-stake any more permissioned than proof-of-work, where you have to buy mining equipment.