What Proof-of-Work critics don't get is that mining is an incredibly competitive industry with extremely thin margins.

12 Aug 2023, 13:02
What Proof-of-Work critics don't get πŸ€” is that mining is an incredibly competitive industry with extremely thin margins πŸ“‰ The only way to survive as a #miner ⛏️ is to tap into ever-cheaper energy sources. These are either stranded (otherwise wasted) energy sources like flaring or renewables 🌞 The point is, nobody nowhere is deprived of electricity ⚑ because of miners, while we all benefit from the security πŸ” they provide to decentralized and permissionless financial networks #PoW is the Way ✊. /NervosNetwork/status/1689003383657730051?s=20