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Crypto mining, specifically. Title needs to be updated.
by ashtonkem 5y ago
Crypto mining, specifically. Title needs to be updated.
- deleted 5y ago[deleted]
- Jensson 5y agoYeah, Sweden has an extensive ore mining sector. I expected to learn about the energy efficiency of different mining techniques, would be really interesting.
- capableweb 5y agoExtra specifically: Proof of Work cryptocurrency mining. > Our conclusion is that policy measures are required to address the harms caused by the proof of work mining method. It is important that both Sweden and the EU can use our renewable energy where it provides the greatest benefit for society as a whole.
- Jensson 5y agoEnergy-intensive crypto mining is accurate enough, proof of stake isn't energy intensive.
- capableweb 5y agoJudging by the comments here in this submission and overall on HN, not everyone is aware that different cryptocurrencies have different strategies for consensus. For example, I've seen calls to action from a lot of HNers to ban all cryptocurrencies because they are destroying the environment, missing completely that PoS even exists and has nowhere near the impact on energy usage as PoW.
- boppo1 5y agoIs ETH PoS yet?
- capableweb 5y agoKinda. There are currently two chains that can be called "Ethereum" right now, commonly known as Eth 1 and Eth 2, and funds have started moving to Eth 2 via staking (currently the Eth 2 contract running on Eth 1 is the largest holder of Ethers on the Eth 1 network). You can use Eth 2 already, but can't transfer funds back to Eth 1 yet and the chains haven't been "merged" yet.
- Ekaros 5y agoDidn't even consider it to be crypto, but traditional mining. Where there probably are some inefficient techniques and processes.