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Bitcoin mining does not waste energy in the same way cable boxes did. The more energy is "wasted" the more secure the network is. This isn't an argument that i
by thebean11 6y ago
Bitcoin mining does not waste energy in the same way cable boxes did. The more energy is "wasted" the more secure the network is.
This isn't an argument that it's worth the energy expenditure, or that there aren't alternate ways to get the same level of security, but it's an apples and oranges comparison.
- wmf 6y agoBitcoin: 6 GW Avalanche: < 1 MW Keep telling me how "securing the network isn't waste".
- thebean11 6y agoUhh, not sure what that is, but at a quick glance it seems completely orthogonal?
- ineedasername 6y agoThe more energy is "wasted" the more secure the network is That's a bit like saying the more resources you spend on something, the better it is. Are there crypto currencies that have comparable levels of security with less resources spent on it? Is it theoretically possible to have a crypto currency where the resource requirements don't scale as dramatically as they do with bitcoin? Even if we grant that more energy == greater security, there's still the question of whether or not the resources per unit of security (however you want to measure "security") might be more efficient using some other methodology.