Flashman, electricity is quite easy to transport--see high-tension power lines.
We know how to do it, that does not necessarily make it "easy" or cheap for long distances. Just the copper is gonna costs 10s of thousands per mile. >thinks high-tension power line cables are copper Did you learn that from Zerohedge or from Cato Institute? |
|
|
|
Continue believing Our propaganda machine--the mainstream press and the internet, gullible human.
Continue living in your fictional dream world. In the real world humans eat more reptiles than the other way around. ... Your ignorance is as amusing as your investings, earthling. Continue to entertain Us.   ~Your Beneficent Reptilian Overlords. [/quote] |
|
|
|
...
Bitcoin Life is a system where competition for control is ensured and never stops.
You can't lose your freedom if you don't already have it.
FTFY Thanks for explaining how everything in the world works. |
|
|
|
So, counter-intuitively, there is a possibility for gas guzzling cars to make world energy greener, by rapidly exhausting the world's oil supply and creating a HUGE mass market for solar and wind-powered vehicles  Not the same thing, we can bring the bitcoin mines to the energy, whereas energy has to be brought to the vehicles. It's already happening, renewable is cheaper, mines are moving near hydro plants in Washington state, geothermal in Iceland, etc. Fossil fuels are only in competition elsewhere because they are more portable, portability is a non issue in bitcoin mining. In fact, the biggest portability issue with the largest known source of energy is how difficult it is to get power or things made from power from earth orbit. The sun always shines up there, there's no atmospheric attenuation. It's the most efficient place to gather solar energy. Flashman, electricity is quite easy to transport--see high-tension power lines. A megafarm which sets up next to a hydro plant & uses up all of its energy is anything but "green." To make up for that wasted energy, coal-burning plants will simply have to burn more coal. Think more than one step ahead. |
|
|
|
>not understanding Transport Bird
Pathetic human.
Nice try.   Continue believing Our propaganda machine--the mainstream press and the internet. Gullible Transport Human. ~Your Beneficent Reptilian Overlords. |
|
|
|
...However consider this scenario, if current controllers decide to freeze certain super rich addresses, then those people might eventually wake up and decide to fight for control at a huge loss in order to save at least something...
You win, I finally see the untenability of my position. Bitcoin--a system where your money could vanish because nefarious miner cabal. Much freedom, such better than fiat. Enjoy the gifs. |
|
|
|
...
So, counter-intuitively, there is a possibility for bitcoin mining to make world energy greener, just by creating a HUGE mass market for solar and wind plant... So, counter-intuitively, there is a possibility for gas guzzling cars to make world energy greener, by rapidly exhausting the world's oil supply and creating a HUGE mass market for solar and wind-powered vehicles Let's stop playing games, let's stop watching movies, they are all very wasteful activities. We should just sit on our couches quietly and get our food for free. This way the world will be greener and everyone happier  Lol, I once took my V8-powered Bugeye Sprite shopping at Stop & Shop, to prove to my GF that it was a practical car. It had no passenger seat, so shit worked out real well. She remained unconvinced. *I pointed out that Flashman's argument was absurd, not that fun was wrong. |
|
|
|
...
These two are not directly related. ...
And this is why I post gifs  I liked those, thanks I'm not denying there is a relation, just that it's not very obvious. If the market cap is huge, but no one is sending money, there will be no fees for miners to collect, and the whole mining expenses will be negligible. But the truth is of course somewhere in the middle. The obvious relation both I and dinofelis pointed to is this: the cost of mining can not substantially exceed the price of BTC mined--according to satoshi, math, logic, and common sense. The market cap is (price per BTC) * (total number of BTC created). Enjoy the gifs. |
|
|
|
...
So, counter-intuitively, there is a possibility for bitcoin mining to make world energy greener, just by creating a HUGE mass market for solar and wind plant... So, counter-intuitively, there is a possibility for gas guzzling cars to make world energy greener, by rapidly exhausting the world's oil supply and creating a HUGE mass market for solar and wind-powered vehicles |
|
|
|
...
These two are not directly related. ...
And this is why I post gifs |
|
|
|
Good morning Bitcoinland. Rise and shine. Early bird gets the reptilian.  >not understanding Transport Bird Pathetic human.  ~Your Beneficent Reptilian Overlords. |
|
|
|
"Maybe the largest unknown store of physical gold in the world is the Vatican Gold. For nearly two thousand years the church has been hoarding gold gained from wars and conquests in the name of God. Throughout the ages people have been shoveling vast amounts of gold into the collection trays every Sunday. The Vatican gold hoard is a closely guarded secret but I believe that it may be the largest collection in history if you take into account all the gold used in the artwork, crosses, trinkets, coins and cups owned by the church. The Vatican is all about privacy, secrecy and power and I guarantee you they know the true value of gold." http://www.roadtoroota.com/public/181.cfmDidn't Italy have money problems?  The Pontifical Swiss Guard is in between the Vatican gold and the Italians.  Wow ..... impressive I don't think they will last a full minute. They are highly specialized. Uniform makes them virtually invisible in certain terrains, smartass   |
|
|
|
Are you even alive, earthlings? Amuse Us with your wacky antics before We are forced to shake the box!  ~Your Beneficent Reptilian Overlords. |
|
|
|
>...I myself might not be in position to fight for control over the system, the rules of the game are such that other players always will... That's like the bleakest thing ever. What, exactly, is worth looking forward to here? Sounds no different than fiat at its worst. Nvrmnd, keep bein' rebel   |
|
|
|
Hang tough, Warriors!   |
|
|
|
...
If my motive is profit, then the answer is certainly "no", unless I'm too smart and can predict the value increase in the future.
If my motive is getting a share of control over the system, then I might consider doing this even at a loss.
Now we're getting to the root of your misunderstanding. If you can predict that Bitcoin will be worth more in the future, you should simply buy it at current price [below $300 in my example], and not mine it [at substantially more than $300 in my example]. Because math. If I don't need a share of control myself, I might wanna still compete for it, so that it doesn't get concentrated in single hands.
Unless you're a pool operator or a megamine [solo mining], it's the pool that has control, not you. You're just providing the hashpower & getting paid when a block is solved. Freedom has costs of defending it, you might consider doing it at loss sometimes, but not all people understand it.
Bitcoin is no more freedom than BTCeanie BTCabies. Stop gulping that Kool Aid.  |
|
|
|
...Would you spend $300 to mine a coin worth substantially less than $300?
Sure mining depends on market cap.
In a balanced PoW system mining is a break-even game, it doesn't matter if 1 BTC is woth 300$ or 10k. If you are, as Bitcoin user, satisfied with the quality of control over transactions, you don't need to mine Bitcoins. ... Still not sure what you're trying to say. Maybe if you could start by answering my question: "Would you spend $300 to mine a coin worth substantially less than $300?" |
|
|
|
[moar butthurt]
... Ornery, foul-mouthed old geezer, ain't ya? No reason to be upset, Gramp #2--I'm not here to manipulate the price, that's your paranoid dementia talking. I make money on exchanges, and come here simply to pass the time & laugh at you |
|
|
|
...
Which is safe to assume it will because, you know... half supply.
Yeah, I know. Limited supply. That's what made BTCeanie BTCabies valuable... "The company's strategy of deliberate scarcity, producing each new design in limited quantity, restricting individual store shipments to limited numbers of each design and regularly retiring designs, created a huge secondary market for the toys and increased their popularity and value as a collectible."--wikip ...until it didn't. There's that other variable at play here, called "demand." The absence of it is what's tanking the price of your BTCeanie BTCabies Bitcoin nao |
|
|
|
[catty snipe]
D00d going by Flashman: Unless you have more than your snark to contribute to the conversation, learn to STFU. ty |
|
|
|
|
Show Posts
