What is Bitcoin ?

[naveed]

 

[kayawish]

if people in pakistan start mining to earn BTC tu phir jo yea bachi kuchi bijli hai yea bhi khatam ho jaye gee :lol:

 

[Admiral]

if people in pakistan start mining to earn BTC tu phir jo yea bachi kuchi bijli hai yea bhi khatam ho jaye gee :lol:

Bitcoin mining (only Bitcoin, no other PoW altcoins) consumes electricity more than total consumption of Subcontinent (India Pakistan Bangladesh), and Bitcoin mining electricity consumption will

• Be greater than UK electricity consumption by October 2018 (309 TWh)
• Be greater than US electricity consumption by July 2019 (3,913 TWh)
• Consume all the world’s electricity by February 2020. (21,776 TWh)

https://www.siasat.pk/forum/showthr...Consuming-More-Electricity-Than-159-Countries

 

[kayawish]

Bitcoin mining (only Bitcoin, no other PoW altcoins) consumes electricity more than total consumption of Subcontinent (India Pakistan Bangladesh), and Bitcoin mining electricity consumption will

• Be greater than UK electricity consumption by October 2018 (309 TWh)
• Be greater than US electricity consumption by July 2019 (3,913 TWh)
• Consume all the world’s electricity by February 2020. (21,776 TWh)

https://www.siasat.pk/forum/showthr...Consuming-More-Electricity-Than-159-Countries

and meanwhile millions worth of BTC were stolen from NiceHash 2 days ago :lol: people save their BTC in nicehash wallets and all BTC from buyers and sellers walltes were transferd to one single BTC wallet.Many people saying they lost $1000 + and they have to $500 electricity bill this moth.

 

[Admiral]

and meanwhile millions worth of BTC were stolen from NiceHash 2 days ago :lol: people save their BTC in nicehash wallets and all BTC from buyers and sellers walltes were transferd to one single BTC wallet.Many people saying they lost $1000 + and they have to $500 electricity bill this moth.

I used to do mining with SlushPool during 2012-2013 and got 0.04 BTC (low end Nvidia GT 430), but with ASICs in 2013 the graphic cards were absolutely wiped out from mining scene. I tried to find investors for buying ASIC, but people were wary of crypto, so I gave up mining.