Bitcoin Hashrate Falls 17% Overnight After China Mining Crackdown
submitted 7 months ago by Drewski from (decrypt.co)
[–][deleted] 7 months ago (1 child)
[–]superfox 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 1 fun4 insightful - 2 fun - 7 months ago (0 children)
Americans think that the gestapo works at walmart in the automative parts department.
[–]x0x7 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 7 months ago (0 children)
Man, people are stupid for thinking more hashing makes bitcoin better. It really doesn't.
Bitcoin is either secure or it is not. Once it is secure, it is, it is either useful or it is not. It's valuation hinges on that second one. I say that it is useful. But an increase in miners doesn't increase its usefulness and therefore is irrelevant to its success, or value.
[–]Brewdabier 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 7 months ago (0 children)
And I was thinking of getting into mining.
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