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Yes, that's possible (and which Crusoe Energy does too), but bitcoin is "the best" i.e. the easiest and probably the most profitable solution. There are additio
by Geee 3y ago
Yes, that's possible (and which Crusoe Energy does too), but bitcoin is "the best" i.e. the easiest and probably the most profitable solution. There are additional challenges for general purpose data centers or GPU clusters, which limit their practicability in these conditions.
- Kuinox 3y agoIt's also the most useless for humanity. We are takling about a protocol where you must waste the most ressource in order to validate a transaction and get paid for it.
- Geee 3y agoIt's not used to validate transactions; it's used to protect the transaction from double-spending, i.e. to protect the property from theft. It's impossible to protect private property without a cost. Usually, private property is protected with laws and guns, but not everyone has access to these, or they come bundled with various external costs, or they fail to provide protection. Which is why Bitcoin is useful.
- Kuinox 3y ago> to protect the property from theft. It also help theft by laundering money.