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RE: How Steem is Earned - 1min Video for My Curious Bitcoin Friends

in #steem8 years ago

ASIC mining not to efficient after bitcoin halving to do the job so there won't be an arms race like there was with bitcoin.

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The arms race in bitcoin happened already, back when ASICs were very efficient. I had one and it was fantastic.

Oh i think you missed out on the first reply on top. But yeah, no arms race, no electricity (lower bills), no exchange doing a houdini, no more loud noises from mining, no time taken up trying to update software for asics or hooking up more power bars....... I agree.

no heat either! My miner was basically an electric space heater. Thank god it was winter in Canada.

I live in canada as well, and this winter needed a few more asics to heat the house up.

I used the bitcoin it mined to finance my expatriation. I live in Chile now. :)