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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

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Bitcoin mining is no longer profitable (www.pcworld.com)

submitted 2 days ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 1 day ago (1 children)

There are other methods of operating a blockchain, besides proof of work, which are much more energy efficient. Think of Bitcoin being like a coal fired power-plant and some other cryptos based on proof of stake being akin to solar panels.

[–] [email protected] 4 points 22 hours ago

but also proof of stake is just taking off the mask and outright saying that rich people control the network