3 ms·
One energy-efficient approach is the one used by the Pi network: - https://minepi.com/ https://minepi.com/ The whitepaper is pretty detailed about how they avo
by axelroze 5y ago
One energy-efficient approach is the one used by the Pi network:
- https://minepi.com/ https://minepi.com/
The whitepaper is pretty detailed about how they avoid the proof of work and the energy waste associated:
- https://minepi.com/white-paper https://minepi.com/white-paper
If cryptos really make it in their ideological goal of a truly free capitalistic society, something like Pi which can be mined by everyone will have to win out over Bitcoin which can be "produced" only by already rich.
- pcthrowaway 5y agoBased on some quick reading, Pi is a scam. There is no blockchain or 'mining' happening, they instead get you to watch ads on your phone every so often. There are real, blockchain-based cryptocurrencies which are much more energy efficient than proof of work. Cardano currently being the biggest one by market cap. It's still a relatively 'new' space, but I hate seeing it crowded by so many scam products.
- tromp 5y agoI have little faith in a coin that claims in its whitepaper "Pi creates a fixed supply of Pi for each person that joins the network up to the first 100 Million participants" without so much as mentioning Sybil attacks.