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The thing is, Bitcoin doesn't have to use a ridiculous amount of energy. You could theoretically run the entire network from a single miner running on a 10 yea
by Sohcahtoa82 6y ago
The thing is, Bitcoin doesn't have to use a ridiculous amount of energy. You could theoretically run the entire network from a single miner running on a 10 year old Android.
The problem is that the proof-of-work system creates an arms race and everyone starts building massive mining farms in order to get a bigger piece of the block reward pie. Some proponents will claim it's necessary for decentralization, and to a point, it's true, but we definitely don't need the amount of mining power in use today.
- Ekaros 6y agoIs there yet good pruning solution for bitcoin? That is all of the old transactions are discarded... As size of chain itself is and will be an issue. I wonder actually how many addresses with coins there are currently...