Mining for bitcoin?

[RudyForman]

I am familiar with miners. Proof of Stake is becoming more popular than Proof of Work. Proof of Work requires a lot of energy. When a transaction is in progress and you are questioned about its validity, this is known as Proof of Stake. You will receive a portion of the money if you respond "yes" and it is true. If you are mistaken, you forfeit the coins you bet since what you claimed was false. Many, many slices can be erased by a single false statement.

When energy costs were taken into account (one man had to turn off his heating in the cold because the machines were churning away constantly), how quickly they could mine, and other factors, most Proof of Work miners with a few devices at home could not earn money from mining.

 

[southLA]

The toothpaste is out of the tube. It may not be the "meta-verse" or whatever Elon is directly pushing, but some sort of virtual space that young and coming generations participate in is coming.

 

[2531usmc]

More like generate a binary algorithm and I'll give you a penny

And your binary algorithm is now worth less than the penny you received for it

 

[RudyForman]

If you are participating in social media on any level (which you are by being on Rokslide) it should be extremely easy to comprehend. When my grandpa was my age, it was hard for him to comprehend why anyone would buy a combine when you could pull a harvester behind a tractor. When my dad was my age, it was hard for him to comprehend a person having a phone in their pocket. If 20 years ago you would've told the vast majority of the people over the age of 45 on this forum that this is how they would spend their spare time, they would've said "sounds dumb, I'll never do that. I'd rather just go hunt or talk to my friends at Cenex about hunting." But here we all are.

If Lamborghini came out with 500 limited edition cars tomorrow and said I can get in early and buy one for $15,000 I would be all over it. I have no desire to own a Lambo, but I would for a little bit if I knew I could flip it. I view most crypto, metaverse land, and NFTs the same way. I own a bunch of metaverse land and piles of NFTs. I will likely never use any of it for the intended use, but who knows. I can see the writing on the wall because here we are all living online and it's tenfold more with each generation. Within the next decade I will sell my JPEGS and pretend land and be able to own sections of real hunting land among other hunting trips - it's even looking like much sooner than I thought at this point. I paid for my 2021 moose hunt with crypto and I'll pay doge back coin for my musk ox trip in a few months with crypto too. That's how I view it. So people can keep resisting new technology and talking down on it, or learn a bit and capitalize on it. History has shown us over and over which is more fruitful. Even if you don't intend on "using" these things, I would highly suggest getting involved. The greatest transfer of wealth in the modern age is underway. This isn't a once in a lifetime opportunity to get in on the ground floor of this, it's once in human existence.

Anyways, back to mining!

I've concluded from reading your comments on the stock trading page that you have a remarkable grasp of the crypto and digital worlds. I try to read as much as I can about cryptocurrency because I have a tiny bit of it, but it causes my eyes to glaze over and my brain to shut down.