3 ms·
Doesn't seem to be working so fine now, is it? Also I wouldn't put behind well financed groups that hire PhDs to find a way to accelerate the PoW enough to gai
by raverbashing 6y ago
Doesn't seem to be working so fine now, is it?
Also I wouldn't put behind well financed groups that hire PhDs to find a way to accelerate the PoW enough to gain a significant advantage (as in, ability to centralize the blockchain).
- Kbelicius 6y ago> accelerate the PoW That wouldn't do anything to energy consumption. It would just increase the hash rate.
- raverbashing 6y agoThe group with access to that technology would be able to centralize hashing.
- yifanl 6y agoThe funny thing is that even if you found some magical hardware that was 100x more efficient than the next best thing, the incentives make it so that you don't want to use 0.01X energy to produce Y hashes and mine the same proportion of coins, you'd want to use X energy to produce 100Y hashes so you mine a larger proportion of coins.