Viewing a response to: @dragosroua/meanwhile-in-russia-investor-buys-power-stations-to-mine-cryptocurrencies
> The process by which electrical energy transforms itself into crypto-wealth is almost similar with how chlorophyll is transforming light into life sustaining processes. This is not the same, one is a physical chemical process to store energy. The other one is imaginary. Wealth is not real, [Sapiens](https://www.goodreads.com/book/show/23692271-sapiens) is a good introduction to such virtual concepts;) On the other hand, how much does a power plant cost? Crypto mining with solar? Would this work in Saudi Arabia? More wealth for them, after oil peak? Offshore mining plattforms in the north sea? Geothermical Cryptomining in Island? :)))
| post_id | 26,000,350 |
|---|---|
| author | isnochys |
| permlink | re-dragosroua-meanwhile-in-russia-investor-buys-power-stations-to-mine-cryptocurrencies-20180116t093928769z |
| category | crypto |
| json_metadata | "{"app": "steemit/0.1", "links": ["https://www.goodreads.com/book/show/23692271-sapiens"], "tags": ["crypto"]}" |
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| dragosroua | 0 | 15,708,472,822 | 4% | ||
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All value is created out of thin air, I do agree with that. I'm just amazed how "short" the process seems in the case of crypto mining (although it's incredibly complex) => spend energy, get tokens.
| post_id | 26,013,579 |
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| author | dragosroua |
| permlink | re-isnochys-re-dragosroua-meanwhile-in-russia-investor-buys-power-stations-to-mine-cryptocurrencies-20180116t112008393z |
| category | crypto |
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