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It is not about spent electricity bills, it is about spent time. This is the problem that needs to be solved, how can you make the work more time consuming with
by tommek4077 5y ago
It is not about spent electricity bills, it is about spent time. This is the problem that needs to be solved, how can you make the work more time consuming without beeing able to go around this with computing here: electric power.
- bitcurious 5y agoChia uses “Proof of Space Time” which leans in the direction you’re describing.
- EVa5I7bHFq9mnYK 5y agoIt is impossible, because time, unlike electricity, is free.
- tommek4077 5y agoSo, you would take a job paying a cent per day, because your time is free?
- EVa5I7bHFq9mnYK 5y agoWe are talking about computer time here. It's cheap to spin up 1000 tiny aws instances.
- a9h74j 5y agoWaiting for PoWaaS.
- EVa5I7bHFq9mnYK 5y agoThat exists long ago, look at nicehash.com
- DonHopkins 5y agoAs long as they're somebody else's instances, and you're a criminal who broke into their account. And that still destroys the environment and enriches Jeff Bezos. Forget stealing data — these hackers hijacked Amazon cloud accounts to mine bitcoin: https://www.businessinsider.com/hackers-broke-into-amazon-cloud-to-mine-bitcoin-2017-10 https://www.businessinsider.com/hackers-broke-into-amazon-cl... >A report from the security intelligence group RedLock found at least two companies which had their AWS cloud services compromised by hackers who wanted nothing more than to use the computer power to mine the cryptocurrency bitcoin. The hackers ultimately got access to Amazon's cloud servers after discovering that their administration consoles weren't password protected.
- mym1990 5y agoThis is silly, computer time certainly isn't free and almost anything scaled up on a cloud service can become very expensive within minutes. Just go look at the poor developers that make 1 mistake in their Lambda code and get charged $80,000.
- rajamaka 5y agoTime is free. My usage of that time is not.
- twic 5y agoThe supply of time is absolutely fixed, and therefore the marginal cost of time is infinite.
- pabl0rg 5y agoThat’s the idea in Proof of time and space used by chia.net You probably haven’t heard of this coin/network (invented by the inventor of bittorrent) b/c it doesn’t aim to be a speculative asset, but it does have a very sane programming model (in lisp)