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Cake day: July 1st, 2023

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  • sep@lemmy.worldtoMicroblog Memes@lemmy.worldGet your vote in now!!
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    1 month ago

    Calling hashing “mining” was probably the most stupid thing in bitcoin. Since it have nothing to do with minting new coins. It is tru that miners get a bonus in addition to the fees of the block when successful. But that bonus is reduced regularly and will eventually go away.
    The power consumption used by hashing became quickly insane by companies chaseing a quick buck.