ok, so either ~1% figure already discounts this energy due to merge-mining, or it doesn’t discount and the effective energy consumption is lower. The original point remains: Bitcoin is pretty much the energetic problem of crypto.
ok, so either ~1% figure already discounts this energy due to merge-mining, or it doesn’t discount and the effective energy consumption is lower. The original point remains: Bitcoin is pretty much the energetic problem of crypto.
bigMouthCommie@kolektiva.social 7 months ago
asic miners are the problem with crypto's energy consumption. nothing is wrong the the bitcoin protocol, which is functioning as expected.
eager_eagle@lemmy.world 7 months ago
it’s just that PoW is trash when applied at scale for encouraging energy waste - and that’s by design - so indeed, “there’s something wrong with the protocol”.
bigMouthCommie@kolektiva.social 7 months ago
you seem to understand that the protocol can function without the massive power use but you seem to want to blame the protocol for the power use.
at this point, we have to agree to disagree.
have a nice day
eager_eagle@lemmy.world 7 months ago
At scale no, it can’t and that’ll never be the case because at any given time, someone will be willing to put more energy (work) into it to gain an advantage - so as long as there’s demand, PoW will always demand huge amounts of energy.
And yes, I do blame the consensus protocol because ultimately that’s the culprit of causing this incentive to waste energy and targeting miners or any other actors is an utter waste of time.