Ninjastic
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Board Altcoin Discussion
Re: My rebuttal to the fairness of proof-of-work launch (Monero's holier than thou)
by
ArticMine
on 28/06/2016, 03:43:54 UTC
Quote from: iamnotback on June 28, 2016, 03:35:57 AM
Quote from: ArticMine on June 28, 2016, 03:22:38 AM
Quote from: iamnotback on June 28, 2016, 03:16:42 AM
...

If 11.7 cents of electricity only nets 1 cent of income, it is pointless.

If 11.7 cents of electricity nets 11.7 cents worth of heat plus 1 for cent of income for 12.7 cents total it is not pointless.

It is pointless because it is a pita. Why bother. As I pointed out, all your global neighbors will compete with you for that 1 cents, so it declines asymptotically towards 0.

You don't seem to understand economics at all. Please learn about the essential Economics 101 term "opportunity cost".

I don't think I should be required to give remedial course in Economics 101. Perhaps it has been decades since you took that course and need a refresher.

Actually what is pointless is this entire debate. You started a thread about Monero's launch, and Monero is currently mined with CPUs and GPUs. So what is even the point of arguing what will happen when the latest generation of Bitcoin, ASIC miners becomes obsolete?