4 ms·
But isn't the security of proof-of-work derived from it being cost prohibitive to put up more work on a fraudulent (e.g. double spending) chain? So if energy b
by Imnimo 5y ago
But isn't the security of proof-of-work derived from it being cost prohibitive to put up more work on a fraudulent (e.g. double spending) chain? So if energy becomes an order of magnitude more abundant or cheaper, doesn't that just mean that the amount of energy spent on mining will increase by the same amount?
- em3rgent0rdr 5y agoCorrect. Bitcoin's "difficulty" parameter will tend to increase as cheaper energy costs allow the total mining network hash rate to increase.