Re: Cudo miner, an accessible bitcoin miner!
@24
So, fun fact, Bitcoin mining now uses more power than most small countries and is quickly becoming a climate change problem. To combat that new cryptos use proof of stake, which is sort of like a standard savings account with a minimum balance. The networks will set prices to run an authority note/other network specific term for the same thing, then you pay that price and get rewarded for uptime and signing transactions. There's other variations on this scheme, of course, and the cryptography underlying it is beyond me, but that's the idea.
The logic is that you're not going to throw $20000 to $100000+ per authority node in to try to scam the network because that's a lot of money, so we can cut out the middle man of owning a datacenter, and since the prices are in the crypto in question buying in gets more expensive as the network grows, so there's incentive for participants to get in early and help grow it.
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