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there are crypto-coints that don't depend heavily on cpu/gpu calculation.

by confiq 5y ago

ttt0 5y ago
Downvotes you're getting are speaking for themselves, no one actually cares about environment. They just want to ban cryptocurrencies or leave just one that the government can fully control, like in India.
KozmoNau7 5y ago
All cryptocurrency depends on consuming resources, whether that is CPU/GPU calculations or disk transactions (Chia burns up SSDs at an astonishing rate). It can't be any other way, the "work" and consumed resources are the value, if it was quick, simple and efficient, it would have insane inflation rates, or the entire space would be run through quickly, entrenching the majority of wealth with the early adopters and making it impossible for new players to enter.
- tiluha 5y ago
  See Proof of Stake or Open Representative Voting for alternatives which don't encourage waste
  - xtracto 5y ago
    dBFT has solved the concensus mechanism without PoW for quite a while. https://docs.neo.org/docs/en-us/basic/technology/dbft.html#:~:text=Byzantine%20Fault%20Tolerance%20mechanism%20is,Practical%20Byzantine%20Fault%20Tolerance)%20algorithm https://docs.neo.org/docs/en-us/basic/technology/dbft.html#:.... People talking about blockchain technologies being wasteful are just literally ignorant.
    - confiq 5y ago
      I find it really interesting that big chunk of tech people don't believe in cryptocurrency! From day 0 until today, there is always this doubt and it's fine...
- jlokier 5y ago
  > if it was quick, simple and efficient, it would have insane inflation rates, or the entire space would be run through quickly, entrenching the majority of wealth with the early adopters and making it impossible for new players to enter. Is this not true of proof of work mining already? The majority of wealth captured by miners appears to be going to those who were early adopters or with significant capital. Newcomers can enter and play at the fringes, but they cannot get seriously involved without large capital investment. To be honest proof of stake looks no better for this at the monent. But no worse either, and at least the energy consumption is a vastly lower.
- confiq 5y ago
  Not all cryptocurrency are heavily based on CPU/GCU or I/O!!! As someone already posted, neo and nano currency are not based on "heavy" power usage. We could argue what "heavy power usage" is but you can design cryptocurrency not to assume big amount of electricity. Imagine that bitcoin is 1st and worst cryptocurrency, but the technology can be improved and it's improving!

there are crypto-coints that don't depend heavily on cpu/gpu calculation.

by confiq 5y ago

there are crypto-coints that don't depend heavily on cpu/gpu calculation.

ttt0 5y ago

Downvotes you're getting are speaking for themselves, no one actually cares about environment. They just want to ban cryptocurrencies or leave just one that the government can fully control, like in India.

KozmoNau7 5y ago

All cryptocurrency depends on consuming resources, whether that is CPU/GPU calculations or disk transactions (Chia burns up SSDs at an astonishing rate). It can't be any other way, the "work" and consumed resources are the value, if it was quick, simple and efficient, it would have insane inflation rates, or the entire space would be run through quickly, entrenching the majority of wealth with the early adopters and making it impossible for new players to enter.

tiluha 5y ago
See Proof of Stake or Open Representative Voting for alternatives which don't encourage waste
- xtracto 5y ago
  dBFT has solved the concensus mechanism without PoW for quite a while. https://docs.neo.org/docs/en-us/basic/technology/dbft.html#:~:text=Byzantine%20Fault%20Tolerance%20mechanism%20is,Practical%20Byzantine%20Fault%20Tolerance)%20algorithm https://docs.neo.org/docs/en-us/basic/technology/dbft.html#:.... People talking about blockchain technologies being wasteful are just literally ignorant.
  - confiq 5y ago
    I find it really interesting that big chunk of tech people don't believe in cryptocurrency! From day 0 until today, there is always this doubt and it's fine...
jlokier 5y ago
> if it was quick, simple and efficient, it would have insane inflation rates, or the entire space would be run through quickly, entrenching the majority of wealth with the early adopters and making it impossible for new players to enter. Is this not true of proof of work mining already? The majority of wealth captured by miners appears to be going to those who were early adopters or with significant capital. Newcomers can enter and play at the fringes, but they cannot get seriously involved without large capital investment. To be honest proof of stake looks no better for this at the monent. But no worse either, and at least the energy consumption is a vastly lower.
confiq 5y ago
Not all cryptocurrency are heavily based on CPU/GCU or I/O!!! As someone already posted, neo and nano currency are not based on "heavy" power usage. We could argue what "heavy power usage" is but you can design cryptocurrency not to assume big amount of electricity. Imagine that bitcoin is 1st and worst cryptocurrency, but the technology can be improved and it's improving!