Faz's Crypto Thread

Monero ez 2 mine

at this point holding uni or that sushi shit or some other guaranteed proven hedge is a much better hedge

not even profitable!

I don't even see how PoS solves the issue of centralized mining farms at all, seems to just be more of the same shit but I guess they can spin it as less of an energy use thing but I don't even care about that. Monero does have the best solution so far in my opinion as it uses CPU's to mine for the network, and its really not even possible to be very profitable

increased transactability means less expensive contracts means much more development opportunities, market txs and legitimate projects. I don't really care about the mining aspect either but it'll be great when people stfu about eth being expensive

yes that is the intention, anyone can mine with their cpu on the network but its hard to string together 80 cpus and be a significant % of the mining pool, and as Jdance said, its not even really profitable and would take you like a year or two to breakeven

ah does PoS lower gas fees?

I have to go eat dinner in Banff

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it should, its calculated by ( (base fee + priority fee) x units of gas used) and the gas used is an average transaction right now is 21000. if PoS uses 99.9% less, thats 210 gas

you can imagine it like if you pay 4 bucks to buy a $10 NFT and transfer to your wallet today, in the future that same NFT txs would cost 4/100 of a cent. gas could be even less, but that's a simple way to look at it

like the system will inevitably probably expand and gas would go back up but the total fee would never be 4 bucks again unless the system is being used like a million times more, because it uses 99.9% less energy and enables more than a flat multiplier of 1000x the txs once sharding etc is in

oh no i sharded

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also should transactions ever get to that high of a cost again it will prolly be in a future where the dollars inflated to hell

bro i keep getting non adcs this is BULLSHIT

i ate so much pizza that im sweating

@yns please help me i need to go to a meeting

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this is why losers have aram accounts that they dodge on and only buy carries on

what>?

people make a second account so their random pool is super limited

nobody has aram accounts dude thats not a thing