Pages:
Author

Topic: Mining Bitcoins should be renamed to burying. - page 3. (Read 4864 times)

full member
Activity: 151
Merit: 100
So I propose mining should be renamed, or stopped being used to describe generating Bitcoins.

I agree and while we are at it, we should rename any digging activity like coal mining, gold mining, diamond mining, road digging, grave digging to burying as all of them use some sort of energy mostly electricity.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Basically it goes like this: Mining coal gets something out of the ground that can be turned into electricity.

Generating Bitcoins wastes electricity consuming coal. That coal is then buried inside the blockchain (It's not but the carbon dioxide which was released in the process is there.)
Buring is the opposite of digging, or if you will you have to dig something out first (earth or coal) in order to bury.

So I propose mining should be renamed, or stopped being used to describe generating Bitcoins.
thanks for your attention

your
Electric Mucus
Pages:
Jump to: