Inspired in part by Sharan Daniel's "Integrating Rhetoric and Journalism to Realize Publics" from Rhetoric and Public Affairs, this blog provides a space for students to explore rhetoric in their everyday lives.
Friday, June 28, 2019
Cryptocurrency mining
Cryptocurrency has been quite the large phenomenon for a while now and while some still keep track of the bitcoin stock daily, cryptocurrency mining seems to be less known."Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger.". Mining involves creating a computer with a lot of possessing power to be able to process this information and getting payed in the currency that is being mined. The main cost during the process is the electricity bill as running a computer made for mining requires a lot of electricity. It sounds like an easy way to make money but to be able to make a computer capable of mining efficiently is quite difficult in itself. Since the computer needs the best GPUs around to make it mine faster, often the top GPUs will be sold out and be resold for extremely high prices online by people. This has made many gaming computer builders frustrated as it increases the cost of building gaming computers by a lot. There also risks of being targets for hackers. Despite all this crypto-mining has been a interesting way to make money that has gone under the radar of many. [1 image, 1 quotation, 1 links, 207 words]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.