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Feb 25, 2020
3:40
:51
pm
cougfanz
Walk-on
I still don’t get it.. the mining? The energy?
What it is and why we have it
This message has been modified
Originally posted on Feb 25, 2020 at 3:40:51pm
Message modified by cougfanz on Feb 25, 2020 at 3:41:50pm
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cougfanz
Previous username
ndfan
Bio page
cougfanz
Joined
May 15, 2011
Last login
May 23, 2024
Total posts
18,099 (1 FO)
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Messages
Author
Time
Forbes: "If Bitcoin was a country, it would be the 41st most-energy-demanding
CougarTailDevourer
2/25/20 3:24pm
That’s insane. I also have no idea how that works.
Virginia Ute
2/25/20 3:25pm
I assume it's the energy used by powerful computers that are mining bitcoin.
CougarTailDevourer
2/25/20 3:26pm
Pretty sure they are Hunter Killers actually digging up mines
TNT
2/25/20 3:28pm
This. Many blockchains are moving away from this "proof of work" model.
ebv
2/25/20 3:31pm
Bitcoin needs to die so real benefits can come from blockchain technology.
fbguru
2/25/20 3:35pm
What about bitcoin is holding them back?
Defenestrator
2/25/20 3:41pm
Bitcoin is anything but energy efficient, and I don't think the real benefits
fbguru
2/25/20 3:53pm
Looking at who I was responding to, I'm guessing you don't want to defend
fbguru
2/25/20 3:59pm
I agree that bitcoin sucks and is a huge waste. What I don't understand is why
Defenestrator
2/25/20 4:05pm
I still have no idea what bitcoin or blockchaining is. Zero idea
SlantRoute
2/25/20 3:51pm
I just imagine thousands of computers working hard doing something but using a ton of energy.
Virginia Ute
2/25/20 3:52pm
They are basically solving extremely complex math problems.
CougarTailDevourer
2/25/20 3:54pm
So Bitcoin is the internet. Got it.
SlantRoute
2/25/20 3:54pm
I still don’t get it.. the mining? The energy?
cougfanz
2/25/20 3:40pm
I’m in the same boat. Which automatically makes me hate it more.
SlantRoute
2/25/20 3:51pm
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