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02:20 PM
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Coinmarketcap: For next 2 years it’s illegal to mine crypto in the state of New York.
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 81024225:MV81MjkyOTIxXzk3NTUzMTI0X0U4NjNBQTVB] [quote:Anonymous Coward 54910717:MV81MjkyOTIxXzk3NTUyMTE1X0NGNUFFNkE=] [quote:Anonymous Coward 84810028:MV81MjkyOTIxXzk3NTUxOTgzXzI4RjI0RTQw] Mining consumes very large amounts of electricity. Mining creates a very large carbon footprint. Mining doesn't benefit anyone but the mining company. [/quote] It's more complex than that. Any alternative consumes large amounts of electricity unless you want to go back to the barter system so the "Carbon footprint" argument is overplayed and weak. Mining benefits everyone by giving actual value to the currency which would otherwise be worthless. Proof of work (mining) cryptos are the only cryptos that hold any real value because they require an input of real world value to be created. All others cryptos (and paper money for that matter) are merely speculation, speculation creates large bubbles and large bubbles get people reckd. Mining cryptos creates a store of value similar to mining gold or silver, the main difference being that gold and silver is tangible and useful for things other than value transfer while cryptos are designed to do just that, and they do it well. [/quote] you have just confused 'value transfer' with value [/quote]
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