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If it's a waste, than banks computer farms is a waste too. Sorry, I don't understand this part. I'm pretty sure real currency isn't backed by hash function bru
by pmjordan 16y ago
If it's a waste, than banks computer farms is a waste too.
Sorry, I don't understand this part. I'm pretty sure real currency isn't backed by hash function brute forcing. (I assume they use contracts along with some form of public key cryptographic hashing to sign transactions.)
- mike_esspe 16y agoBanks run a lot of servers for accounting, online banking, swift and other internal needs. Bitcoin network does it with the help of cryptography and proof of work hashing. Probably energy spendings are comparable.