idk their methodology - source
the entire Bitcoin block chain could be run on the phone I'm using to write this. there is nothing inherent to the protocol that dictates such massive power use.
and dogecoin merge mines with all the other script coins so how can you even calculate its independent usage?
eager_eagle@lemmy.world 7 months ago
bigMouthCommie@kolektiva.social 7 months ago
if they don't explain their methodology, there is no reason to believe they got it right
eager_eagle@lemmy.world 7 months ago
then there’s no reason to believe they got it wrong
bigMouthCommie@kolektiva.social 7 months ago
there is every reason to not believe them. they clearly have a motivation to paint power consumption as worse than is true, and the complexity of extracting the use of dogecoin mining from the rest of the mergedmine is, personally, unfathomable. maybe i'm dumb and there is a simple calculation that can be done, but without evidence of their methodology, i'm not going to believe them, and no one should.
FaceDeer@kbin.social 7 months ago
Yes there is, massive power use is the entire point of proof-of-work. If Bitcoin blocks could be produced without massive power use then the blockchain's system of validation would fail and 51% attacks would be trivial.