Noone talks about how most #lotteries can, or will be, made redundant by #ProofOfWork.
Rather than throw money into some #lottery pool, or dollars into some tacky #pokieMachine (intl readers: #slotMachine), we'll instead join #miningPools. The dollar in the machine will power the #miners for several minutes while you play a *real* #videogame, displaying the #leadingZeros you're getting (#bitcoinMining works on these zeros).
Less #gambling and #bureaucrats, more #goodStuff.
#lotteries #proofofwork #lottery #pokiemachine #slotmachine #miningpools #miners #videogame #leadingzeros #bitcoinMining #gambling #bureaucrats #goodstuff #bitcoinfixesthis
Australians #bitcoinMining rn bc its hot af in the other parts of the world.
*image of thinking guy meme*
@Mirk0dex
Design a #spaceHeater that heats with #bitcoinMining (and/or #Monero) and you'll hear it. Haha
#spaceHeater #bitcoinMining #monero
There's a way to make #bitcoinMining do specialised computations. Maybe it can generate a seed for a suite of puzzles that doubles as a hash? but it would need to be proven that a result being reached can be verified easily, and a result must be proportional to the energy that goes in, eg. You cannot have a problem that is exponentially easier to solve when more resources available etc. An average joe needs to be able to have the same per kj input to the network as the oligopolist.
People complaining about #Bitcoin energy use would be the same people who complain about their reflection in the mirror — without realising it was them.
Bitcoin is a reflection of what we, in a Global Commons, will tolerate.
Simple.
We didn't tolerate a portion of #China's #bitcoinMining because it was dirty. They stopped the mining there.
What more do we want from a #currency?
#bitcoin #china #bitcoinMining #currency
@closetoyou
Here's the thing, there is an #opportunityCost to everything.
We being alive means everyone else is worse off, by 0.00000001%
There's a trade off to all things – a Zero-sum etc. So we need to weigh up whether reducing #consumption of the #moneyPrintingClass and equalling the playing field in the long term is worth it. We say it is.
As we've said, there'll be a time when people can buy #bitcoinMining heaters. Heat is a perfectly viable output for humans.
#opportunityCost #consumption #moneyPrintingClass #bitcoinMining
@closetoyou
One of the big lies is that heat generated by #bitcoinMining is not useful output. As any moment one quarter of the planet's population could use some heating. *wink*
So yeah, sorry for the long answer but hopefully some fresh info that you might not have been exposed to via establishment narratives. :)
@dirtbag_anarchist
That #DeVries study is debunked.
Just one remark, "bitcoin miners are never turned off until they break", had us ROFLing.
The #CambridgeUniversity study, last year showed the network uses 17% of the energy used the boil kettles if everyone globally boiled kettles like a Briton.
Bitcoin #energyConsumption scales each 14 days, with supply. When we switch off coal, #bitcoinMining gets easier.
You can't solve greed with tech… it solves theft by #oligarchs with a #moneyPrinter.
#DeVries #cambridgeuniversity #energyconsumption #bitcoinMining #oligarchs #moneyPrinter
Do you think #AI would try at some point to steal #energy away from #bitcoinMining to feed itself?
When a #bitcoinHeater generates #heat?
#bitcoinHeater #heat #itsNotABug #itsAFeature #bitcoinMining
We get the overwhelming sense #Bitcoin is going to become more popular in the next year.
The moment adoption begins to really take off we envisage a #falseFlag #virusAttack on computers globally that will be blamed on supposed bitcoin users.
The attack a few years ago was only a test run. We think the next one will be bigger and #engineerConsent for an actual #war on #bitcoinMining operations and known node locations (using #packetAnalysis even against #Tor users)
We need to be prepared.
#bitcoin #falseflag #virusAttack #engineerConsent #war #bitcoinMining #packetAnalysis #tor