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148
Q = Bitcoin? Latest Devolution Power Hour with GMoney. Well worth the listen. The significance of #s 315, 1111, Kennedy, Pepe, NFTs, the destruction of the Old Guard and the transitioning to a new financial system. (rumble.com)
posted 1 year ago by AlgaeBanquet 1 year ago by AlgaeBanquet +151 / -3
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– quai24 0 points 1 year ago +2 / -2

"Uses more natural resources [presumably you mean to back itself] than anything known to man."

Does that include the petrodollar?

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– patriotT 1 point 1 year ago +2 / -1

The energy required to mine Bitcoin. Whose pockets get filled?

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– deleted 2 points 1 year ago +4 / -2
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– Space_Monkey 2 points 1 year ago +2 / -0

Nvidia has always opposed their hardware being used for mining. Bitcoin is mined with ASICs. The largest manufacturer of ASICs is Bitmain in China.

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– Space_Monkey 2 points 1 year ago +2 / -0

The only reason anyone pays for energy to mine Bitcoin is because the Bitcoin they get is more valuable than the energy consumed. If energy prices go too high the miners will shut down until it's profitable again and the network automatically adjusts.

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