As a cryptocurrency-confused individual, I read articles like this and wonder how I'm supposed to assign any meaning to the "value" being created here, and by blockchain PoW in general.
So this company is buying a bunch of wafers... He's converting the value of the wafers into value on blockchain, I guess?
Because I can't help but interpret these things as "some people are wasting a lot of electricity, and you should pay them for it!" But, I'm open to a better explanation.
So this company is buying a bunch of wafers... He's converting the value of the wafers into value on blockchain, I guess?
Because I can't help but interpret these things as "some people are wasting a lot of electricity, and you should pay them for it!" But, I'm open to a better explanation.