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Then why waste electricity in the equivalent of Denmark on math puzzles just to write 1MB of data every 10 minutes?
by foepys 6y ago
Then why waste electricity in the equivalent of Denmark on math puzzles just to write 1MB of data every 10 minutes?
- eMGm4D0zgUAVXc7 6y agoTo replace the waste of energy that is building giant sky-penises and glass palaces everywhere which pretend to signal economical strength (banks). Until someone crunches the math on how much energy the construction and maintenance of every bank on the whole planet costs, including digging shiny rocks out of the earth, I am not sold on "PoW is a waste of energy". It merely compresses the concept behind the existing banking system into its very essence to do that efficiently without bells and whistles.
- thezoginator 6y agoThere is nothing efficient about the blockchain, distributed ledger, etc.
- ballofrubber 6y agoSo you decide whats a waste of energy then? Here watch this: https://www.youtube.com/watch?v=xLYYh4aPXAM https://www.youtube.com/watch?v=xLYYh4aPXAM Bitcoin mining allows energy companies to de-risk an investment in green energy solutions such as solar. If you place some miners onsite you always have full demand (which is a problem during peak production times). Bitcoin mining is a energy revolution.