Defending the Cryptomining Energy-Usage

@mythociate (21437)
Oklahoma City, Oklahoma
September 22, 2022 7:39am CST
You hear that 'one cryptomining transaction (transferring any cryptocurrency-amount from one account/wallet to another) takes an amount of energy equal to that used to keep the lights on in a small country!' And yes, that does sound like "a waste of energy" compared to the relatively-small amount it takes to write a check, give it to a payee, who gives it to their bank, who calls the original bank to verify that the money's there & transfers the money from the first account to the payee's account (which is a little more-complicated than that, but still takes FAR less energy than 'the whole blockchain-verification process!') But I think of the movie HACKERS (with Jonny Lee Miller & Angelina Jolie). I think their main trick was 'taking less-than-half-a-cent from each of BILLIONS of bank-accounts'---still a BAD WRONG thing to do ... But ... How much energy are people putting TOWARD 'wastes of energy' like entertainment & comfort & such things that--though you like them every moment you have them--are GONE that very instant unless you continue using them? Now A LOT of cryptomining is done by 'computer-networks that devote ALL their processing-power to "the giant guessing-game that secures the blockchain,"' but 'the program I'm working with' just adds a little mining-program to your browser (using what BitDegree calls CPU-mining---the slowest method, but not requiring any equipment beside the program(s) you can download for free). https://www.bitdegree.org/crypto/tutorials/how-to-mine-cryptocurrency In order for my CPU-mining to be 'of any effect,' I have to remember a motto I take from HACKERS: whenever any opposition rises (telling me "You can't succeed with this kind of operation!"), I respond, "You're right, I can't; WE CAN " Maybe it takes 'a whole country's-worth (or an American city's-worth) of energy IN TOTAL,' but it's just a little extra nudge out of each of the machines my fellow miners and I were 'wasting our time' with anyway!
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1 response
@sickly09 (861)
• Indonesia
23 Sep 22
uncle, is crypto safe?
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@mythociate (21437)
• Oklahoma City, Oklahoma
23 Sep 22
Sort of. CBS Sunday Morning says that--if you want to start investing in it--to be careful ... do it like "gambling" (where you go into the casino and only bet the money you're willing to lose---i.e. you're not "trying" to make money; you just put the money down, consider it "gone," and--if you get any money back--consider it a gift.) But I get into it 'free' (i.e. with equipment I owned BEFORE I get into mining)
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@sickly09 (861)
• Indonesia
23 Sep 22
@mythociate ahhh i see..... so, it's not safe right, uncle ...
@mythociate (21437)
• Oklahoma City, Oklahoma
23 Sep 22
@sickly09 Oh, it's "safe"---as safe as a bank. It's just very tempting to be UNsafe with it ... as you'll see several people who 'invested all their money in Crypto' and became millionaires! (but you probably WON'T see the millions who invested it all and never got anything back)