JAKARTA – Recently, Twitter boss Jack Dorsey revealed that he was mining Bitcoin through Compass Mining. Dorsey is already known as a pro on Bitcoin. He has invested in Bitcoin worth 170 million US dollars or equivalent to Rp. 2.45 trillion.
"I'm trying to mine with the @compass_mining account," he wrote on Twitter on Thursday, August 18.
For information, Compass Mining is a cryptocurrency mining service. Through Compass Mining, a miner does not have to worry about maintaining and purchasing equipment used for Bitcoin mining.
As is well known, crypto miners have to compete with other miners in solving complex puzzles solved by computer systems. In this case miners who have devices with high specifications will benefit.
On the other hand, mining activities also require more energy and computer power. In addition, the costs that must be incurred by miners are also quite large. Not a few have criticized the crypto mining process because it requires more power and mining activities are also claimed to be environmentally unfriendly.
Some time ago Elon Musk temporarily suspended the purchase of Tesla using Bitcoin because he considered Bitcoin mining not environmentally friendly because it uses fossil energy. The decision reaped the pros and cons, Bitcoin fans criticized Musk's decision for triggering the decline in BTC prices at that time.
For information, Compass Mining sells hardware for mining starting from Rp. 118.2 million. Meanwhile, mining results using this device are estimated to be able to provide a profit of IDR 475,952 per day, as reported by Warta Ekonomi.
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