5 ms·
decidedly negative sum as a lot of energy has been wasted to redistribute wealth
by jnsaff2 4y ago
decidedly negative sum as a lot of energy has been wasted to redistribute wealth
- bluecalm 4y agoDon't forget money spent paying employees, executives, buildings, leases etc. Mining is just one of the costs of the whole crypto worlds. It's an amazing industry that keeps providing nothing of value (or you can argue it creates negative value) while finding creative ways to spend money on it. Burning thousands of GPU hours just to update an ineffective database is surely the most prominent one.
- bluecalm 4y agoDon't forget money spent paying employees, executives, buildings, leases etc. Mining is just one of the costs of the whole crypto world. It's an amazing industry that keeps providing nothing of value (or you can argue it creates negative value) while finding creative ways to spend money on it. Burning thousands of GPU hours just to update an ineffective database is surely the most prominent one though.