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RE: Week through Adrian's Lenses (27 January-2 February 2024)

9 months ago

The Invennium news is pretty hype, and the GLX tokens are pumping because of it. The Transak news is pretty nice. I do think it has high fees from the times I wanted to use it. The Bitcoin and energy usage problem should be easier to handle now. I don't think private/personal mining is viable, and only big companies do it now. It will be easy for them to control or put restrictions on those.

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1 comments

@gadrian75

9 months ago

The Invennium news is pretty hype, and the GLX tokens are pumping because of it.

Yep! Too bad the part of GLX I have in diesel pools went down in numbers because of it (IL).

The Transak news is pretty nice. I do think it has high fees from the times I wanted to use it.

Convenience comes with high fees, especially when there is no competition.

The Bitcoin and energy usage problem should be easier to handle now. I don't think private/personal mining is viable, and only big companies do it now. It will be easy for them to control or put restrictions on those.

Yeah, maybe. Although these miners are pretty mobile. Just remember how quickly they relocated when they were banned from China.

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@outwars71

9 months ago

Although these miners are pretty mobile

Interesting. I don't know how much energy is needed to mine now, but I do hope they find better ways to do it. Maybe set up near solar/geothermal energy sources.

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