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How ethereum's merge made crypto mining more sustainablewww.cnbc.com/2022/10/22/how-ethereums-merge-made-crypto-mining-more-sustainable.html
6 sats \ 10 comments \ @siggy47 24 Oct 2022 bitcoin
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10 sats \ 0 replies \ @nerd2ninja 24 Oct 2022
Yeah....they uh, turned their money into effectively an SQL database with all the problems that come with using a custodian effectively.
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10 sats \ 6 replies \ @0322ee777777 24 Oct 2022
Delet dis
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413 sats \ 5 replies \ @siggy47 OP 24 Oct 2022
I'm not supporting this position. I posted this to show how the mainstream media is viewing proof of work. What's interesting about this article is that they do discuss (slightly) pow mining benefits to the energy grid, along with security benefits. Also, as a general principle, I don't think it's a good idea to just post what we want to hear. We need to know how the other side is thinking.
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0 sats \ 0 replies \ @0322ee777777 24 Oct 2022
It was a partly fair article, just tugging ya chain. (Also noteworthy how much bigger your response is from the OP with just a link)
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0 sats \ 3 replies \ @takaponka 24 Oct 2022
I think author should specify it otherwise we can think u citing source u trust or agree with.
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75 sats \ 1 reply \ @siggy47 OP 24 Oct 2022
How? Should I comment on my own link?
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0 sats \ 0 replies \ @ek 24 Oct 2022
Well, you could but I don't think you should. See my other comment
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2 sats \ 0 replies \ @ek 24 Oct 2022
No, it's your responsibility to think critically and not assume things.
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0 sats \ 0 replies \ @cryptocoin 24 Oct 2022
Instead, the bitcoin network is sticking with a system called proof-of-work, in which highly specialized computers try to guess a winning number that serves to validate transactions and create new coins. This is what’s known as mining.
Bitcoin miners have one and only one job. They simply "cement" the ordering of transactions. That's it. That's what they do. Nothing more, nothing less.
The miners don't protect the network, they do not protect me. It's my node that that validates transactions. It's my node that protects me. And it is your node that protects you.
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0 sats \ 0 replies \ @cryptocoin 24 Oct 2022
In response, some major bitcoin miners are starting to seek out renewable energy to power their data centers and trying to change the narrative by touting bitcoin’s energy use as an asset, as it helps drive investment into the nation’s aging electrical grid.
Starting to? Bitcoin mining has been using mostly renewable energy since pretty much the beginning. Because a huge chunk of the cost for bitcoin mining is electricity, it was where there was stranded energy available at a low cost that mining occurred. This is why surplus hydro power generated in Georgia (Republic), China, Washington State, Quebec, etc. is where miners first went. Then using excess wind and solar in Texas and elsewhere today is a rapidly growing share of bitcoin mining.
But that isn't anything just "starting" now.
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