<k​arano:poddery.com> Do they have very cheap electricity in China ?

<k​arano:poddery.com> I think bitmain hiding their monero asics/miners , would make a lot of sense from their point of view , considering monero's effort to fight against asics in the past.

that's their standard operating procedure. not just specific to monero.

they build a new miner and run it secretly in-house until it's obsolete, then they make it available to the public

<k​arano:poddery.com> But people still seem to buy it ¯\_ (ツ) _/¯

people buy NFTs too. people are stupid.

<k​arano:poddery.com> Yea , but all average miners would suffer due to this

<k​arano:poddery.com> We are already hitting 3Gh/s network hashrate now

hey don't knock NFT's :D (unless you're referring to stolen artwork or silly "collectable" crap)

if it wasn't for the gas fees, I could have made a decent living off NFT's last year:P

quite like the idea of files/data being stored in a popular block chain - gives them a level of protection and longevity. I'm sure there's a lot of late 2000's early 2010's BTC miners that wish they stored their recovery phrases on a blockchain :D

made a wallet for my dad, and stamped his seed phrase into a bunch of stainless steel washers - swept a years worth of XMR mined into it for him. He was a bit confused why I gave him a nutted bolt with a bunch of washers for his birthday