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| Malenko:
--- Quote from: fallacy on January 09, 2018, 04:17:17 pm ---there we go. --- End quote --- how original! I havent seen that like a brazillion times, why not go even less used and have pickle rick? |
| mimic:
I have one question only... What EXACTLY is being mined!? I know it's some kind of mathematical calculations, but where do they originate and what is the end result supposed to be? And where is the end to creating new calculations and new cryptocurrency, I mean at some point it will be so greatly diluted to the point that every human will have their own cryptocurrency. That's the thing I can't wrap my mind around. |
| fallacy:
I have never done it myself but you can watch barnacules 4 year old video on it. Basically it is like a lottery that goes out, that is why the release so much currency a year. At the same time everyone is running this software for the lottery aslo kmown as mining your computer is also being used to maintain the network\otherwise know as being part of the decentralized network. |
| Howard_Casto:
--- Quote from: mimic on January 09, 2018, 09:37:57 pm ---I have one question only... What EXACTLY is being mined!? I know it's some kind of mathematical calculations, but where do they originate and what is the end result supposed to be? And where is the end to creating new calculations and new cryptocurrency, I mean at some point it will be so greatly diluted to the point that every human will have their own cryptocurrency. That's the thing I can't wrap my mind around. --- End quote --- All I know is all of those mining rigs have to be putting out a rather large carbon footprint for no actual product. So the end game of bitcoin seems to be to kill the Polar Bears. |
| fallacy:
probably go back down the next 2 days but dang. |
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