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

• bigMouthCommie@kolektiva.social ⁨1⁩ ⁨year⁩ ago

  >There IS a problem of using the protocol (at scale) though, because it creates this
  unsustainable environment.

  this isn't true. the protocol is still functioning fine. the problem is how people are using the protocol.

  source

  • eager_eagle@lemmy.world ⁨1⁩ ⁨year⁩ ago

    And there’s no way to use it so that it doesn’t consume huge amounts of energy because of greed and because of how computers work.

    So very much a problem of using PoW.

    source

    • bigMouthCommie@kolektiva.social ⁨1⁩ ⁨year⁩ ago

      you can certainly use it: using the protocol to transact doesn't contribute meaningfully to power consumption. power consumption is almost entirely in the mining.

      source