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 π€ is that mining is an incredibly competitive industry with extremely thin margins π
The only way to survive as a #miner βοΈ is to tap into ever-cheaper energy sources. These are either stranded (otherwise wasted) energy sources like flaring or renewables π
The point is, nobody nowhere is deprived of electricity β‘ because of miners, while we all benefit from the security π they provide to decentralized and permissionless financial networks
#PoW is the Way β.
/NervosNetwork/status/1689003383657730051?s=20