kpopsecretmeme2 ([personal profile] kpopsecretmeme2) wrote in [community profile] kpsm32021-11-02 09:37 am

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    KPOP SECRET MEME PART 603

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(Anonymous) 2021-11-04 02:22 am (UTC)(link)
right i thought that was the point of proof-of-stake versus proof-of-work in that it directs the value away from high-resource mining but as long as an nft is based on a POW currency and purchased using one it's contributing to mining, right? from what i though the nft itself barely uses any resources since there's only one and it's purchased using crypto, its the mining of the currency used that is a problem

(Anonymous) 2021-11-04 02:57 am (UTC)(link)
yeah the nft itself isn't the problem, it's whatever system is supporting the crypto that can purchase it, which... is about 80% of the legit ones lmao

china of all places has wholesale banned crypto mining though, which has driven mining rings towards the US for cheaper infra so we'll see where this is headed 💀