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21 sats \ 1 reply \ @Kenobi 2 May \ on: Bitcoin Mining History by Kenobi - Plan B Network bitcoin_Mining
That's me, hehe!
Thanks for brining this up.
This report is huge, it definitely deserves more, but it's also hard to do so in one go, due to the sheer size of it. All in all, great write up!
Yeah, I'll do another post, as I realized that there are some missing charts.
Otherwise, you can do it by yourself, since I've provided the source data at the end.
Sounds like you arrived at the same conclusion as the original creators of the Proof of Work method.
But it makes sense to use money in this case.
The problem with this is then that you need money to make money, and I can already imagine certain jobs literally being paywalled for rich people only. Even though that already happens with nepotism, but oh well.
Well, hopefully my new and continuous analysis of this trend satisfies you.
Let me know what you think.
I just did a continuation of this analysis
Hopefully it's interesting and in the right direction. It was too hard (for now) to find a reliable source for median or even average wage.
If you help me find a good and reliable source, I'd be happy to run a new analysis with that, comparing it to minimum wage.
Get a ladder and some high vis vests with a friend.
Then go through the front, say that "the guys in the back said it would be better to go through here, not enough space for the ladder because of the (make up excuse, doesn't even need to make sense)"
Once you get in, leave them somewhere and enjoy
Idk, crazy concept to have a living wage, especially when the ACTUAL drag on the economy isn't the increase of your wages, but the actual devaluation of them.
On the same note, but less concentrated on NVIDIA, a bitcoiner on twitter recently did a comparision on how long it took someone to buy an SP500 share.
Back in 1971, it took something like 12 hours to buy one share with minimum wage.
Nowadays, in 2025, it was something like 240 hours.
I'll look it up and perhaps post about it here.
Underappreciated post, good shit.
It's good to see nature healing and first principles thinking start showing up again in mainstream media.
I think that create an explainer on this would've added more value.
Still, interesting point in Bitcoin's history.
IDK man, I bet it has to do with wind, and how those pockets of snow are most likely tucked away in ridges.
That said, I hope this isn't your picture, cuz otherwise one of those geoguesser guys can find you and dox your location 😂