It takes over a million dollars a day in energy to mine bitcoin, which isn't including the graphics cards sales which is surely a fucking lot.
Why?
If this dude can solve the "very difficult mathematical problem" in 16 minutes, what the fuck are all these chips doing when it takes thousand and thousands of them an average of ten minutes to solve a similar problem??
That wasn't a rhetorical question. I have the answer. They are earning money, power, and dependency for the energy industry, the Rockefellers and their oil.
Interesting train of thought... Is it that he is faster than a computer or the computers have been deliberately set to burn as much power as bitcoin mining consumes?
I am really naïve in this cryptocurrency world; so many things to learn.
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Well I see only two options, because I have already come to far too many conclusions- though I did not do so lightly.
In my opinion, either Satoshi Nakamoto had intimate knowledge of how AMD's graphics cards work, and therefore wrote the mining algorithm in such a way that exploits a weakness within the cards, making them have to work very hard to do something they could have done simply if designed to do it. But why would he do this unless he had a stake in graphics cards or energy?
Or alternatively, AMD themselves have designed their cards in such a way as to use more resources than needed to solve the bitcoin mining algorithm. If this is the case, it would suggest that AMD/Nvidia knew about bitcoin before it became public.
I don't know which one of these it is, if any. But, I definitely don't trust the origins of bitcoin and it's too convenient that it has restored life to an industry that would likely have died in the coming decades if not for bitcoin.
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Hmm... I have not looked at it from that angle before. So at the end, it is the suppliers of the energy needed to mine bitcoin, who mKe the money. Interesting. This bears looking into.
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It seems that no one has. Everyone is too emotionally attached to bitcoin to scrutinize it, but if we don't stop playing this game of misdirection, and focus on what's important, it will be far too late to go back once the digital age has begun.
We will have a whole new timeline. 1BC. The year of the blockchain.
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Hmm... This is serious. So many hidden in the shadows. But when so many are piggybacking the cryptocurrency world on their way to financial freedom so they don't care how it is made.
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Ha! That was easy! ...and the energy costs very sustainable. Man, I guess this is the future!^^
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This is a great plan for energy saving. Let's outsource this to another company. :-)
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nice idea..
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Isn't math beautiful!
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Time for mentats from Dune? Or the moon launch "computers"(people).
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