Quote:
Originally Posted by mayabong
You obviously have no idea how bitcoin works. Mining isn't "free" the rigs cost alot of $$ and also so does the electricity usage. A few 1000 watts running 24/7 isn't cheap. Miners are actually securing the network so it can't be attacked. They are also verifying the transactions that happen through the network since there is no central place doing the processing.
Just cause I think its cool doesn't mean I'm gonna put my life savings into it. Its stupid to put your eggs in one basket.
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i mean you get them for free for "securing and verifying" oh really. I know you need to pay even for power bills, i don't see nothing free for anybody in this scheme expect for some people making money from this.
Would you like to explain how do you make network secured?
And do you really understand "verifying transaction" part?
Or you just think yeah that sound nice? That sound like: "I must be doing something good like securing network and verifying transaction that way... that is great, that is so cool"
And yes all eggs in one basket, but then how much % of life savings are you will to put in that basket?