People Twitter

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Be kind to your elders (lemmy.world)

submitted 2 weeks ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] untakenusername@sh.itjust.works 0 points 17 hours ago (1 children)

Not all crypto is hard to mine you know. Stuff like Ethereum and Solana don't use up that much electricity bc they use a different method called proof of stake, rather than bitcoins proof of work. Basically people who wanna validate transactions stake some money on the network, and if they validate a transaction right, they get paid a bit. If they get it wrong, they lose that money they staked. And the more money they stake, the more they make from validating transactions.

[–] ryedaft@sh.itjust.works 1 points 12 hours ago

I literally said that there is a difference between tokens in their cost to produce. E.g. bitcoin is more expensive than others and valued higher.