GOLD shall destroy FED.
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (331)
sorted by:
Most power companies produce excess power that they don't know what to do with. So they have recently started mining operations at many power plants to see a net gain from the excess energy that would otherwise go to waste. I foresee almost every single power plant to hold a mining operation in the future. It's an absolute win for the network and the power company.
Blockchain tech is also constantly evolving and many potential issues we see today are being worked on. For example, Etherium is going to Proof of Stake instead of Proof of Work. They will also implement something called sharding, which will make gas fees pretty cheap and eliminate the costly network transactions. Bitcoin will always remain proof of work though, because it's the most secure.
There are other types of blockchains that will be able to interact with Bitcoin to allow other solutions to send Bitcoin. Crypto is so unbelievably early that we haven't an idea where it will go. We are essentially at the point in crypto now where the internet was at in the late 90's. There were lots of doubters with the internet in the 90's and look where we are today.
Blockchain is an interesting technology with many possible uses going forward.
There was a case recently where peeps at the hydroelectric plant were stealing electricity. It is slightly bizarre that power stations are using crypto coin instead of batteries but I understand the limitations of "batteries" and power grids so whatever works.
"Crypto is so unbelievably early that we haven't an idea where it will go."
So are we, we are still in the dark ages.
My solar system puts 18 kw back into the grid every hour of sun. It's over built for just two of us but my house has 4 bars and someday will have a family here so eventually it will be used up. My bill is 13 bucks a month which is rhe charge for being connected. I should use rhe rest to mine as I'm banking lots of credits.