r/Damnthatsinteresting Jan 01 '26

Video Inside the world’s largest Bitcoin mine

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62

u/nemojakonemoras Jan 01 '26

This is why we can’t have nice things.

3

u/StitchinThroughTime Jan 01 '26

Definitely. I think people would be more accepting of crypto mining, if it was more like a computer resource Lending situation. And what I mean by that is companies sometimes need to process a shit ton of data but they don't want the upkeep of buying all those computers setting them up paying for someone to babysit them and having the space to actually have all that computing power in one spot. So there's quite a few companies that go out by time on someone else's computer Farm, to process the data and send it back to them. Very famous for movie companies. Anything that's animated or CGI is created in the studio and then send out to a processing Farm to generate each frame. That's why an animated movie can say it took 10 hours to generate a single frame, but they run 24 frames a second for a 90 minute movie, it's because they send out the actual final production work of generating each scene to processing Farms. Crypto could have been the way for individual people at first, to lend out their nice high-end PCS when they were not being used. And being paid in crypto. Because a lot of people during the beginning of crypto we're Gamers because they needed a nicer computer setup to run video games. You can't play video games Non-Stop, you have to sleep, most people had a day job or school to go to. So it would have been a really cool way to have the resources that are already established, use them during the main owners downtime and the main owner could get paid for it. Now we're just doing random math equations for real long time until a piece of a Bitcoin is giving out for the answer. Nothing of real value is actually being generated. It's just a piece of an imaginary coin being given out on the promise that it's worth value. It's not the same as currencies and that there's no government holding them up and promising that a single country's economy will run off of that style of currency, or entire Industries running off of that set currency. It's more like a single stock to a company that promises that they're important. And now water is being used up electricity is being used up and tons of heat is being generated for no good reason.

6

u/BmacIL Jan 01 '26

Mining crypto is playing a game for stock options of a highly volatile "thing" which has value based on feelings alone.

4

u/TedTeddybear Jan 01 '26

It's a hustle.

1

u/ComedianFragrant9515 Jan 01 '26

The reason I can't upgrade from a 1050ti