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Well, mining Bitcoins is a net negative of wasted energy. Every bit of computer power beyond the minimum threshold of efficiency needed to operate the transact
by 0wing 9y ago
Well, mining Bitcoins is a net negative of wasted energy.
Every bit of computer power beyond the minimum threshold of efficiency needed to operate the transactions and database is a net loss.
Peak efficiency of the Bitcoin mining network would be about 3-10 basic desktop computers. Instead Satoshi Nakomoto's Proof of Work will waste more and more energy with nothing to show as time goes on.
- X6S1x6Okd1st 9y agoDo you have a proposal for a cryptocurrency without proof of work?