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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Metroid
Sr. Member
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Activity: 2142
Merit: 353
Xtreme Monster
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January 21, 2022, 12:26:20 PM |
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Meaning only scamcoins will be allowed to exist, by the way they are not idiots, they are smart, scammers know pow coins are not good for them, too much attention from govs as they uses too much electricity. Welcome to crypto scammers world eheh, in this market only scammers are winning and they want to keep that up and for them to keep scamming people, they need to get rid of pow coins.
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BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR
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Bare
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Activity: 130
Merit: 11
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January 21, 2022, 01:30:43 PM |
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And how is this surprising, coming from the "EU regulator" who clearly represents centralized powers? Of course PoW is a threat to them, as Metroid mentioned scammers - they need to get rid of transparency in order to scam participants efficiently.
Simple, if it smells like trash it probably is trash...
and that's why also screw ETH.
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Daodex (OP)
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January 21, 2022, 01:58:03 PM |
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The question is how is this going to be possible? Isn't PoW coins fully decentralized? Hahahah I would love to see how this goes
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FP91G
Legendary
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Activity: 1638
Merit: 1036
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January 21, 2022, 03:24:21 PM |
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Ethereum is changing the algorithm soon. If a couple of large companies stop mining Ethereum, then the profit of other miners will increase. It's cynical about big companies, but that's mining. In Europe, electricity is expensive, and soon many miners may stop mining themselves. |
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BitKongy
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Activity: 405
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January 21, 2022, 05:48:21 PM |
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If Europe electricity is high how are people from Europe paying for electricity bill? Mining isn't by force it's by calculations, you have to be able to pay for electricity first before your own profit, it doesn't make sense to ban PoW algorithm
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batsonxl
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Merit: 26
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January 21, 2022, 06:04:14 PM |
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please people there was so many fuds but BTC ETH nothing happened.
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sp_
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Team Black developer
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January 21, 2022, 07:00:22 PM |
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If Europe electricity is high how are people from Europe paying for electricity bill?
Some use the mining rigs as a space heaters in their houses. With a ban in place they still need to heat their homes. |
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adaseb
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January 22, 2022, 04:03:14 AM |
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I don’t think this will actually take place however I am not surprised they are proposing this.
Europe was I think the first place to ban the incandescent light bulbs, if you drive a gas guzzler you pay an extra tax and now this. I am not surprised.
Electricity and Fuel prices are crazy high in Europe so they are very conservative when it comes to these things.
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CrossroadBTC
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January 22, 2022, 06:18:33 AM |
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Let them do it this will benefit other miners, difficulty will reduce alot and coins not only ETH will become more profitable but now mining profitability is fading away, a 1660 gives me 2$ per day and now it's 1.25$ I'm sure it will get worse
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Synerggy
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Futiracoin.com
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January 22, 2022, 08:53:46 AM |
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The question is how is this going to be possible? Isn't PoW coins fully decentralized? Hahahah I would love to see how this goes
Maybe same way china put ban on all his crypto miners? I believe it's possible because china did it once and it works, they just have to add it up in their book of law it's that easy |
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