Quote from: larry_vw_1955 on June 17, 2024, 05:03:20 AM

Quote from: JamesNZ on June 15, 2024, 06:42:48 AM

The thing is that in order to justify their huge investments in nothing, people will say anything, no matter how stupid it is.

maybe they should have called it something else other than "mining". because i agree that is a stupid name for doing a bunch of mathematical computations faster than anyone else. maybe they should have just called it "hashing" because when they say "mining" it makes it sound like they are doing something really important. when in reality, they are just trying to pad their own wallet. and run up a big electric bill that raises other peoples' rates. unless they are using solar or something but from what i have seen, many cryptocurrency "miners" don't seem to give a rats ass if their electricity consumption raises normal peoples' rates. and yes in case people wondered why electric utilities keep raising everyone's rates, its because of them.

The whole Bitcoin thing thrives on language manipulations, misconceptions, disinformation and get-rich-quick ideas. No one cares about truth, facts or reality.