Australia's largest stock trading and investment forum Australia's #1 stock forum

Did you watch the cto Steve shadders speach bud.?

First 20 Last

Share
Profile

Follow
Lurkin

2,100 Posts.

6

07/05/20

21:36

Post #: 44499091
Share

Originally posted by HempCFO: ↑

You learn from cartoons? No wonder you don’t understand written arguments, or know about history.

Of course mining is economic. For large miners, millions are at stake. In 2012 for example, there were no large miners and there were no ASICS. People mined bitcoin at home. Running in the background, while they were doing other things with their computers on anyway.

Because the hash rate was low (fewer people competing for the same bitcoin reward) difficulty was low. A regular CPU on an average machine is all it took.

When big miners fail in BTC, great, difficulty goes down and millions of average people will become miners again.

Maybe you were too young in 2012 to have been there when all this was just people with desktops rather than huge mines running ASICS.

As the reward goes down the hash can go down the difficulty will go down and regular people will mine again. Scaling is not important. Nobody cares.

Expand

Did you watch the cto Steve shadders speach bud.?
Upvote

Reply

Top Stories

ASX Market Close: Virgin soars on IPO | June 24, 2025

ASX Market Open: Oz trade to be rather flat with bearish Fed at odds with US rally | June 25

AII

Escalation in the Middle East – Why the US military needs Almonty Industries

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

PH2

Hydrogen – The new trends: Plug Power, Pure Hydrogen, thyssenkrupp

First 20 Last