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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 3 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 3 weeks ago (1 children)

Wouldn't it be easier if a bunch of people paid a dollar every second, and one of those people was randomly selected to get every dollar submitted?

[–] [email protected] 7 points 3 weeks ago

it would, but the act of giving a dollar doesn't double as a way to validate transactions