Hahahaha

chinese miners dumping computers en masse as crypto crashes and power prices soar

twitter.com/DoveyWan/status/1064878600594305025

Attached: Screen Shot 2018-11-22 at 02.11.51.png (1108x1106, 1.85M)

Other urls found in this thread:

coindesk.com/bitcoin-mining-firm-giga-watt-declares-bankruptcy-owing-millions
twitter.com/SFWRedditVideos

Fuck Chinks, I hope they have to go back to working on their rice paddies.

Why don't they just turn off the machines and wait until the price goes up/electricity prices go down? How is throwing away your expensive machines helping your bottom line?

No, this was from a long time ago.

There was a flood and they had to get everything out of the building.

There's more pics of Chink miners washing off graphics cards, probably for resale.

Look at all that gold that needs harvested

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PoW is fucking garbage. What a gigantic waste of resources

PoS is the future

such is the gook way. remember fukashima?

Protip: It wont go up

PoS is older than PoW, PoW was invented to solve the shortcomings of PoS.
Proof of Work is desire chasing beauty via energy being spent across time; it results in surprising, limited information being created. Being scarce and hard to predict is largely what makes it worth spending energy on, and what makes the tokens produced by the Work worth anything at all.
PoW is more secure than PoS and establishes stronger economic fundamentals.

screencapped for future cringe threads. enjoy missing the golden bull