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@Root Which means an oligopoly control over the currency. Any babble of decentralisation goes right out of the window. That's why Ethereum has been lying about that change for years.
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@Root basically "mining dies out"
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@Fast-Nop isn't it already an oligopoly? Only already rich ones can afford huge mining rigs
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@iiii That's even worse with proof of stake because you don't even need ongoing costs anymore. Just sitting there with enough coins is sufficient.
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@Fast-Nop yeah, sure, I do agree
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@iiii The rich have a much easier way: offering shit like well-paid directors' board jobs to influential people. That's how legalised corruption works.
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I'm reminded of:
https://theverge.com/circuitbreaker...
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This cryptocurrency mining rig can also heat your home
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@Nanos and winter...?
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@CrazyDiceGuy I think you have cause and effect the wrong way around. GPUs have dropped in price because demand from mining has dropped, and that's because mining has become less profitable with the crypto crash.
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@netikras Mine work fine in winter, you just need lots of them !
And ideally vertical, not horizontal, and then the snow doesn't stick to them.
Related Rants
It all makes sense now...
I wonder what's the future of the crypto-mining businesses, when electricity prices have sky-rocketed to 4€/kWh [from what it used to be 14ct 2 years ago]. True story. Shops had to close
rant
energy
crypto
price
electricity