Fun fact; Blockchain technology doesn’t require any mining AT ALL, no cracking hashes, no crunching of numbers.
Another fun fact: A good reliable functional cryptocurrency does not require mining AT ALL. It’s an insane idea brought forward by virtual value backed by nothing (about the same as the one behind the dollar and euro today), implying that one has to do ‘something special’ in order to create new currency. A so-called ‘proof of work’ consensus algorithm. Completely unneeded. Mining is a deplorable wasteful mechanism by which only retards think they ‘create value’. Mathematical and cryptography advancements have long surpassed any requirement of having to crunch numbers in order to ‘create’ new virtual currency.
Funniest fact: Bitcoin creation ends when a set amount of them has been created by mining, thereby proving how useless the concept of wasting energy, time and resources has been all along. Its value doesn’t just disappear after they’ve all been mined! Even bitcoin’s core mining software developer stated that mining wasn’t needed in order for BTC to function back in 2009. It was a silly fun idea, made up solely to make it look like you needed to do something in order to get rewarded that new currency. It’s a failed game of pretend, where too many idiots bought into compliance to that fake rule, and now there are entire datacenters dedicated to play along in that game. Yeah, go tell that to the idiots running and expanding such mining facilities like in the video above. The only reason this is (sometimes) lucrative, is because so many idiots fell for the joke and still take part in the game of pretend virtual ‘money printing’ businesses.
Pick any other cryptocurrency that does not require any mining to exist, and promote that over the use of BTC and mining will be a dead idea soon enough, if only for its ridiculous energy footprint. We could have cooled the planet with all those years of wasted energy. We could have extracted CO2 and pollutants and saved the oceans with all that ruined effort. But nooo, they’re still doing it, pretending they’re doing something ‘valuable’, and expanding their sick waste-generating figment of their imagination. Almost like a religion; As long as they buy into the bullshit value, idiots will think they can make a quick buck doing nothing but invest in mining resources.
So yes, I sincerely hope BTC’s value will sink to an absolute low and never go up again. Make these idiots feel how stupid they’ve been to invest so much energy, time and (scarce) resources in empty promises of a non-existing requirement for a new currency.