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Why Does Blockchain Burn Graphics Cards (Why Blockchain is a Scam)?

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Why Does Blockchain Burn Graphics Cards? In NVIDIA\’s fiscal report for the fourt

Why Does Blockchain Burn Graphics Cards (Why Blockchain is a Scam)?

Why Does Blockchain Burn Graphics Cards? In NVIDIA’s fiscal report for the fourth quarter of 2020, two things are worth noting: first, miners need to buy some bitcoins; second, the cost of mining bitcoins is much higher than other cryptocurrencies.

According to statistics, there are currently about 3 billion computer devices worldwide being used to mine virtual digital currencies like Ethereum. However, due to the scarcity of coins, they cannot be circulated. Therefore, these machines are essentially used to make money through this mechanism. So what’s the deal? Does blockchain technology affect graphics cards and memory? From this perspective, blockchain can actually be used to solve graphics card problems. Blockchain is a system that stores and validates all data on the chain to ensure the security and stability of the entire network, thereby generating profits in activities such as gaming and entertainment.

Why Blockchain is a Scam

According to CryptoGlobe, why is blockchain a scam? What is it and what returns does it bring? Let’s take a look at this question.

1. Bitcoin: Valueless storage; 2. “Decentralization” and “Distributed Ledger”; 3. Cryptocurrency exchanges: No market value; 4. Pyramid coins (CrypticCoins): Manipulation of prices by scammers, illegal fundraising, money laundering, drug sales, etc.; 5. Ethereum developers: Lack of understanding of DeFi and smart contracts; 6. Monero theft analysis

There are three key points that explain why blockchain can solve these problems:

First, blockchain technology itself is a Ponzi scheme. If you consider it as an investment, it is meaningless. However, when its market value reaches $10 billion, it is just speculative bubble, and it is still in the early stage, which means that any project is a scam.

Second, the technology behind “decentralized digital asset management services” (i.e., DApps) is important because it is a financial application based on blockchain. Therefore, it is a very important investment product with great potential in many aspects, such as removing intermediaries and reducing costs. However, if you carefully study it, you will find that this claim is risky and can lead to potential losses.

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