2CHAINZ
Registered User
- Feb 27, 2008
- 14,806
- 20,851
I mean, at what point do you realize there is no long-term risk?I'm risk averse, and that's why I don't get the prom queen.
I mean, at what point do you realize there is no long-term risk?I'm risk averse, and that's why I don't get the prom queen.
where to find a rich woman would be good!!!!!If you think it's easier to win the lotto than invest in something, then I am not sure what to tell you.
No, it's computers playing a silly game of solving cryptographic puzzles to determine which one has the privilege of getting some transaction(s) added to a decentralized ledger. The computer that solves the puzzle earns some bitcoin money as a reward. The puzzle-solving requires a lot of computer power, and so it is highly energy inefficient, to the point that bitcoin mining worldwide uses up as much energy as an entire country's energy needs (or more? too lazy to check now).where to find a rich woman would be good!!!!!
Bitcoin it is..
wasn't there a huge uproar about private money (Crypto currency) a while back? Did they not cite a similar movement in the late 1800's that collapsed? ec 20070101 private money in our past present and future
what is mining, when it comes to bitcoin? Is it literally mining, as in digging the ground?
WE ARE NOW TREATING COMPUTERS AS PETS??????No, it's computers playing a silly game of solving cryptographic puzzles to determine which one has the privilege of getting some transaction(s) added to a decentralized ledger. The computer that solves the puzzle earns some bitcoin money as a reward. The puzzle-solving requires a lot of computer power, and so it is highly energy inefficient, to the point that bitcoin mining worldwide uses up as much energy as an entire country's energy needs (or more? too lazy to check now).
Heard something along the lines of that statistic too. Also a big reason why big CPU processing chip companies stock price is exploding (think Nvidia). They’re using the ultra fast processors to mine crypto.No, it's computers playing a silly game of solving cryptographic puzzles to determine which one has the privilege of getting some transaction(s) added to a decentralized ledger. The computer that solves the puzzle earns some bitcoin money as a reward. The puzzle-solving requires a lot of computer power, and so it is highly energy inefficient, to the point that bitcoin mining worldwide uses up as much energy as an entire country's energy needs (or more? too lazy to check now).
Bitcoin mining is the mining of bitcoin using computer power to solve a complex algorithm that releases bitcoin till it hits it's maximum supply of 21 million. Bitcoin miners are also the backbone of the network. You need miners to process transactions; it's miners who process all transactions on the block chain, and they are rewarded the fees for processing them. The closer we get to the 21 millionth bitcoin, the more complex the mining algorithm becomes.where to find a rich woman would be good!!!!!
Bitcoin it is..
wasn't there a huge uproar about private money (Crypto currency) a while back? Did they not cite a similar movement in the late 1800's that collapsed? ec 20070101 private money in our past present and future
what is mining, when it comes to bitcoin? Is it literally mining, as in digging the ground?
The recent run up has more to do with the surge in AI driven software ...all those models are based on training of very large data sets.Heard something along the lines of that statistic too. Also a big reason why big CPU processing chip companies stock price is exploding (think Nvidia). They’re using the ultra fast processors to mine crypto.
More than half the mining is done with clean energy, and that is increasing. You shouldn't be blinded by fearNo, it's computers playing a silly game of solving cryptographic puzzles to determine which one has the privilege of getting some transaction(s) added to a decentralized ledger. The computer that solves the puzzle earns some bitcoin money as a reward. The puzzle-solving requires a lot of computer power, and so it is highly energy inefficient, to the point that bitcoin mining worldwide uses up as much energy as an entire country's energy needs (or more? too lazy to check now).
So it seems someone deleted my post and I am not sure why, it explained my break down.
at about 3-4 Micorns of track width on a computer chip, you start becoming limited in how many electrons can travel on that line. And so friction becomes an issue. So, parallels processing is a must.The recent run up has more to do with the surge in AI driven software ...all those models are based on training of very large data sets.
But yeah, crypto currency mining has also driven a lot of Nvidia's sales over the last 10 years or so.
Chainzie,More than half the mining is done with clean energy, and that is increasing. You shouldn't be blinded by fear