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John Rumm John Rumm is offline
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Default Bitcoin Mining Operation Is Uncovered During U.K. Drug Bust

On 05/06/2021 08:51, Brian Gaff (Sofa) wrote:

This has always seemed to me to be a completely bonkers concept.

arguably the concept (of blockchain) is ok, although the implemenation
in its bitcoin variety seems fundamentally flawed due to its energy
requirements and the inability to scale in volume of transactions.

After all,
its hardly going to save the planet and no matter how good the encryption
somebody will be able to break it by just throwing resources at the problem.

Well that is kind of the point of its distributed architecture. It's
difficult to subvert when you have a massively parallel network of
miners verifying every transaction.



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