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As I said in a sibling comment, the important metric is price, because of gas fees and mining profit incentives. Price goes up, more miners start up, difficulty
by camgunz 5y ago
As I said in a sibling comment, the important metric is price, because of gas fees and mining profit incentives. Price goes up, more miners start up, difficulty increases, more carbon burned, Earth dead.
Also I/O here means adding a block, which is proc-bound, which roasts the planet.
Finally, video games have entertainment utility. Cryptocurrencies have no non-crime utility. It's not useful to compare the energy use of things that have utility to things that don't.
- rglullis 5y agoYour sibling point about mining is a strawman against PoS, already responded. As for "utility": You don't get to decide what is the utility and the value of what people do on the blockchain, just like we don't get to decide what is the value of playing GTA V or Minecraft. Again, you are just wrong but too proud to admit it.