Post
Topic
Board Bitcoin Discussion
Re: It's about time to turn off PoW mining
by
inBitweTrust
on 08/09/2014, 14:36:48 UTC

This seems poorly thought out - proles can't afford "high end ASIC" can they?


I agree we should resist cloud mining as that ownership is illusory and can be easily corrupted and manipulated by the farm.

Since ASICS are inexpensive to make once the initial investment is done and nearly 100% efficient at converting electricity to heat they will make ideal heating elements. In the future an average person could own a heating utility like a dehydrator, heater, hot water heater, ect... that would pay for itself with mining rewards and transaction fees.