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RE: Bitcoin Mining now consuming more electricity than 159 individual countries

in #electricity • 7 years ago (edited)

slow-down-there-skippy.jpg

I think this explains it. Sorry for the Link Drop but better explains the paradox of power vs profitability.

https://steemit.com/bitcoin/@pawsdog/is-bitcoin-really-decentralized-or-are-we-being-led-like-lambs-to-the-slaughter

7 years ago in #electricity by
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     7 years ago  

    HODL bro HODL

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     7 years ago (edited) 

    I'm not a HOdler.. I'm a trader... why keep a deprecating asset if I can buy it back at a lower cost. If your neighbor told he would buy your $10 widget today for $13 and you knew you could buy and identical widget from another neighbor at $7.00 tomorrow; what would you do?