Nostr Web Client

I understand what you're saying and you're correct, but if it's essentially free to run an ASIC, more people could run them.

It would be cheaper and therefore easier for the masses to run ASICs. Now maybe you'd earn 10 sats a day 😂 but the cost to do that would be essentially nothing.

Stuart Bowman 1y ago

I’m not sure about that. Seems to me that the absolute price of energy is not relevant, i.e. the only way you can make money (amortized over long timescales) is having access to cheaper energy than the average miner

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Discussion

Derek Ross 1y ago

I don't mind any longer because it's not cost effective to do. If mining is free, I'd do it.

Stuart Bowman 1y ago

Ok if mining is free (like *actually* zero cost in the sense that energy is not longer scarce) we've circled back around to proof of stake haha

Derek Ross 1y ago

You said 1000x cheaper, right? That's essentially free. It's not free, but it's going to cost me 0.4 cents a month instead of $400 a month to run my miners.

Stuart Bowman 1y ago

But then you can also expect to make 1000x times less profit, because you have 1000x times more competition

Derek Ross 1y ago

That's fine. Some BTC is better than zero BTC.

Stuart Bowman 1y ago

For sure! I'm just thinking through this as a thought experiment