It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: BlackArrow
a reply to: putnam6
a reply to: HONROC
The problem is everyone focused on btc.. BTC needs military technology at his point to continue mining. Currently it is mined at about 1000 barrels of fossil fuel in order to produce the energy to generate 1 coin.
70% of the global energy is used to mine Bitcoin and it's been that way since 2016.
Back in 06
The issue with BTC being a Chinese coin is simple.
You are selling the engine/power of your car(since computers don't use fossil) for what use to be a profit. In which a said company would use the energy for various means.
BTC specifically gave china 100% access to our power grid.
Where they could use the communical power "loaned while mining" for whatever they saw fit. From production, to solving equations that standard and current tech isn't able to because the processing power is too great, to who knows what end.
A fun example of this would be the question asked to a giant old computer. "What is the meaning of life". Because of the genericness of the actual question it took a thousand years of process/aka computer brain power to come up with the answer "42".
In reality, if we compare the mining power that is being loaned to the Chinese because of "mining". That answer would be solved in less then a fifth of a second.
The technology is far from new, it's basic networking 101.. if you ever had a computer control another.. or use that computer aka master/slave to host something while you streamed.. it's the same principal. You keep the Master clear enough to do other things, since the watching of the slave doing the work is not as demanding as doing it yourself..