Bitcoin Mining In Trouble? Examining the research and FUD

Bitcoin Mining In Trouble? Examining the research and FUD
Bitcoin mining isn’t profitable anymore, miners are turning off their rigs, China runs Bitcoin mining, Bitcoin will soon be dead! Sounds familiar right? Let’s discuss the latest research from Coinshares on Bitcoin mining, and have a realistic conversation around the positives, negatives and what the future holds.

Read the full report here:
https://coinshares.co.uk/wp-content/uploads/2018/11/Mining-Whitepaper-Final.pdf

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Bitcoin Mining In Trouble? Examining the research and FUD

18 thoughts on “Bitcoin Mining In Trouble? Examining the research and FUD”

  1. Fiery Death Pit? I don't think so. Probably the demand for renewable energy coming from Bitcoin miners is causing an improvement in the economy of scale in the production of renewables.

  2. Fiery death pit!! Bobby: isn’t it amazing on how many levels bitcoin is cool? I mean, the bitcoin mining network causes arbitrage for the cost of electricity. How can others not see how fun and interesting cryptocurrency, especially bitcoin, is in so many ways??

  3. You cannot store renewable energy, its use it or lose it. I take that back, you can store renewable energy, in the form of Bitcoin.

  4. Whenever mainstream media want to attack something they dont like, it becomes "unsustainable". Everything has been "unsustainable" at one point or another, except Keynesian economics.

  5. Stupid paper. Assuming every single game console is played 4 hours per day? That's just beyond silly. And what is really dumb? It doesn't matter if the Bitcoin network (or any crypto network) uses 1 megawatt or 10,000,000 megawatts, they both will work the same.

  6. I think all this "fiery death pit" talk is an effort to intentionally destroy BC in some propagandistic self-fulfilling prophesy.

  7. “It’s a positive because they are consuming excess solar energy” well, since you are really stupid, you don’t realize that you can simply disconnect the excess solar during those times. Also, many other times, bitcoin is wasting energy. Period. Investing more, morons are supposed to lose money!

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