Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin mining isn’t a waste of energy?
by
RainbowKun
on 18/08/2021, 12:41:17 UTC
Your logic is really good. Read your other posts. Each article has something worth learning. But for some people who like simplicity, they will choose to skip when they see your article.

Many people think that mining does not produce social value, so mining is a pure waste of resources. This is a misunderstanding.

The essence of mining is that global miners use algorithms and computing power to maintain a (relative) absolutely safe and decentralized currency system. Essentially, all electricity costs, graphics card costs, ASIC R&D and manufacturing costs are maintained. ,Are maintaining this system.

Compared with other industries, Bitcoin mining does not consume a high proportion of electricity. Secondly, most of the mining farms are located in places with abundant renewable resources.

Thank you very much for your recognition of these articles, and I will try my best to improve my writing skills. I know that there is a common problem with text walls in my articles, and many people will simply ignore them. But anyway, I think they are still very valuable. I express an opinion as completely as possible through each article, and record the thought process that I obtained this opinion. These views are certainly not correct, but I hope they can inspire more people to think together.