View Single Post
Old November 29, 2019, 17:24   #7
bubbagump
Dinosaur
Silver Contributor
 
bubbagump's Avatar
 
FALaholic #: 21705
Join Date: Nov 2006
Location: Marietta, Georgia
Posts: 12,360
Quote:
Originally Posted by Mebsuta View Post
I'm too dum to understand bitcoin, so I would want to know about who is making the equipment or generating the electricity to mine it. Kind of like I don't want a bunch of missiles, but I might want some Raytheon.
My understanding is the Chinese have pretty much cornered the mining and blockchain validation activities at the moment. Power costs are the big thing right now, unless you have access to free power it is not cost effective to do right now, not even with dedicated mining machines.
__________________
Urban free range hippies are pushovers. Especially with a D-9 Cat. -L. Haney
If God wanted us to carry Glocks, John Browning would have invented them. -shooter_37
Do or do not. There is no try. -Yoda
bubbagump is offline   Reply With Quote