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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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51444281 No.51444281 [Reply] [Original]

Look, I don't want to spoonfeed you but there's this thing called "mining" where you basically print money with a combination of electricity and gamer tears. Recently there's been a big shake-up and Euros, Chinks, Russians, Kyrgistanis, etc. have been kicked out of the club due to a combination of rising electricity costs and anti-capital flight laws. Are you going to miss out on your chance at generational wealth? Did you fall for the merge FUD? Well the merge is over and the sky isn't falling. Ergo's hashrate has only doubled, ravencoin's has only quadrupled. Things will be fine once the paper hands are shook out and us chads remain.

>> No.51444338
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51444338

Mining is not profitable.

>> No.51444405

>>51444281
>network hashrates of the next most profitable coins have all rapidly increased
Fuck, guess I'm selling my cards then.

>> No.51444433
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51444433

Here's the simple take on this. The WEF want's proof of stake, which is getting paid for not working. Proof of work, is work. They don't like that. They don't even like the least effort getting paid. This breaks their system. Their system of slavery. Fiat is based on bankers getting paid for your work. Get it yet? When you complain about workers getting paid for work, you are arguing for your own enslavement.