Comment on Bitcoin mining is no longer profitable
GregorGizeh@lemmy.zip 3 weeks agoI suspected that, but why the hell is “proof of work” nothing of any use or value? That just seems so fundamentally absurd it doesn’t compute for me apparently
Comment on Bitcoin mining is no longer profitable
GregorGizeh@lemmy.zip 3 weeks agoI suspected that, but why the hell is “proof of work” nothing of any use or value? That just seems so fundamentally absurd it doesn’t compute for me apparently
apotheotic@beehaw.org 3 weeks ago
I always thought it would be ideal to do this to create a powerful distributed computing network that can both serve to process the transactions made with the coin and also to do something useful, like folding@home or seti@home or whatever. But apparently nope, GPU crossword puzzles that do nothing but use electricity to make heat are the best they could think of.