4 ms·

Mining doesn't waste energy, it's the cost the network pays for security, and it usefully indexes the value of the token rewarded to miners for securing the net

Mining doesn't waste energy, it's the cost the network pays for security, and it usefully indexes the value of the token rewarded to miners for securing the network to their cost of electricity, grounding the token value in some hard-to-manipulate real-world value.

atomical 9y ago
It wastes energy compared to POS (Proof of Stake).
- pmorici 9y ago
  Is there a working implementation of POS yet?
  - atomical 9y ago
    It will likely happen this year with Tezos. Ethereum will eventually use POS as well.
    - pmorici 9y ago
      So, no.
      - atomical 9y ago
        Depends if you count the test nets I suppose.