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It’s all a scam, don’t even try to tell me it’s useful
(i.imgur.com)
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this post was submitted on 14 Sep 2023
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I have questioned this ever since I learned that the more adoption there is, the less efficient mining becomes, ergo more power is wasted accomplishing the exact same task for no extra benefit. Difficulty creates a back asswards system that makes adoption a con.
Ethereum doesn't use mining at all anymore. It can get expensive to use though, which layer 2 chains help with