Damus
Matthew Kratter · 2w
Bitcoin Mining Just Changed Forever https://blossom.primal.net/f03e193d89d4d2f556052bcbf5eb76f4533ce6da60891b03026c4ac3d08b64bf.mp4
leadbyexample profile picture
I'd love for someone to explain to me what bitcoin hashrate renting is all about.
Even if 99% recoup was guaranteed, what's the point if you lose 1% of the money you pay? Is ti virtue signaling?
If one was sure to always reach breakeven, it would be useful to at least increase decentralization, but like this it absolutely makes no sense to me.
1
Tauri · 2w
You buy hash with KYC coins, you get 95% fresh coinbase non-KYC back. On the p2p markets this costs between 8 and 20% in premium. Not to mention the slight loss in sats is a price worth paying to decentralise mining that is vital for Bitcoin’s survival. That is if you care about Bitcoin, and not...