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Crypto currency mining as form of basic income
  • Vitaliy_KiselevVitaliy_Kiselev

    I just look into all this for last 6 months and such idea just hit me.

    Actually crypto mining has all the properties required for basic income redistribution

    • Pointless "work" that do not interfere with means of production ownership
    • Real money poured by big banks
    • Experiment is limited and very easy to stop at any time
    • You still have barrier of entry (ownership of good GPUs) and their production is planned and limited
    • At any day you can call it quits and declare that free lunches do not exist in this life
  • 4 Replies sorted by
  • alcomposeralcomposer

    Mining can use lots of electricity. I think a good idea would be to have solar panels in backyard.

  • Vitaliy_KiselevVitaliy_Kiselev

    @alcomposer

    Actually it does not matter. Until income is much more than electricity bill.

    Of course, it is wasting of resources. But I think it is design property as this waste will be located in the poorest regions also helping to reduce manufacturing reserves.

  • kurthkurth

    well then why are people buying out cards , if they are paying more for electricity than they make ? I have to admit to me this shxt makes absolutely no sense !

  • Vitaliy_KiselevVitaliy_Kiselev

    well then why are people buying out cards , if they are paying more for electricity than they make ?

    Read carefully. They buy cards because for now card gets you much more than electricity cost.

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