Comment on Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption

• eager_eagle@lemmy.world ⁨11⁩ ⁨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”.

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  • bigMouthCommie@kolektiva.social ⁨11⁩ ⁨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

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    • eager_eagle@lemmy.world ⁨11⁩ ⁨months⁩ ago

      the protocol can function without the massive power use

      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.

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      • bigMouthCommie@kolektiva.social ⁨11⁩ ⁨months⁩ ago

        > at any given time, someone will be willing to put more energy (work) into it to gain an advantage

        that's not a problem with the protocol. that's a problem with people. that's like saying that houses are a problem because people rent them to exploit the working class. the problem isn't the house, it's the people who try to buy all the houses.

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      • bigMouthCommie@kolektiva.social ⁨11⁩ ⁨months⁩ ago

        >At scale

        what does that mean?

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