Methods for Extracting the Precious #Ore hidden in the Cryptocurrency Mines | @CryptoTabNET @Wikipedia @BDg_crypto
I discuss 'the "HUGE amounts of energy" that they say crypto-mining WASTES' in a paying forum you can access (for FREE) through 'the emboldened link(s)' below; but first I want to teach you about those words. And I find you understand words better if you see 'the words at their base' (then going on to look at the words at those words' bases, then the words at those words' bases, etc.-etc. ad infinitum into their Foundation)
The word “Ore” is built on a merger of ancient words that mean "Unworked Metal (see Earth)" (cognate with ancient words that mean "Iron Ore, Gravel) & ancient words that mean "Gold (see |Aureate)" (supporting ancient words that mean "|Bronze, |Copper, |Brass, |Brazen").
#Ores
Doing a bit of 'research' for the discussion, I stumbled upon a report on crypto-mining that listed the most popular mining-methods: #CloudMining, CPU Mining (the easiest one to get-into, but super-slow if you don't bring a crowd of fellow-users into it with you), #GPU Mining, #ASIC Mining.
#TheCloud is basically another name for The Web---particularly regarding services 'outsourced' over the web (rather than 'processed on one's own machine'); as in Cloud Mining, where you Rent a Rig from someone with huge Farms of Rigs who gives the Renter the Rig's Earnings (minus Electricity- & Maintenance-Costs) for the agreed-upon period.
GPU stands for Graphics Processing Unit---I'll have to do a little more reading to tell the difference between a GPU and 'a CPU with a Graphics-Card' 🤓
#GPUs
ASIC stands for Application-Specific Integrated |Circuit---special devices designed specifically for a single task (in this instance, crypto-mining).
#ASICs
Ever-suspicious of cautious administrators' misreading my intentions, I'll go ahead and quote that discussion here:
De-fend-ing the Cryptomining Energy-Usage
You hear that 'one cryptomining transaction (transferring any cryptocurrency-amount from one account/wallet to another) takes an amount of energy equal to that used to keep the lights on in a small country!' And yes, that does sound like "a waste of energy" compared to the relatively-small amount it takes to write a check, give it to a payee, who gives it to their bank, who calls the original bank to verify that the money's there & transfers the money from the first account to the payee's account
(which is a little more-complicated than that, but still takes FAR less energy than 'the whole blockchain-verification process!') But I think of the movie HACKERS (with Jonny Lee Miller & Angelina Jolie). I think their main trick was 'taking less-than-half-a-cent from each of BILLIONS of bank-accounts'---still a BAD WRONG thing to do ... But ... How much energy are people putting TOWARD 'wastes of energy' like entertainment & comfort & such things that--though you like them every moment you have them--are GONE that very instant unless you continue using them?
Now A LOT of cryptomining is done by 'computer-networks that devote ALL their processing-power to "the giant guessing-game that secures the blockchain,"' but 'the program I'm working with' just adds a little mining-program to your browser (using what BitDegree calls CPU-mining---the slowest method, but not requiring any equipment beside the program(s) you can download for free).In order for my CPU-mining to be 'of any effect,' I have to remember a motto I take from HACKERS: whenever any opposition rises (telling me "You can't succeed with this kind of operation!"), I respond, "You're right, I can't; WE CAN "
Maybe it takes 'a whole country's-worth (or an American city's-worth) of energy IN TOTAL,' but it's just a little extra nudge out of each of the machines my fellow miners and I were 'wasting our time' with anyway!
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