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Crypto mining energy is wasted relative to proof of stake that provides the same security for no energy. But AI inference has no real alternative so the energy
by wmf 1y ago
Crypto mining energy is wasted relative to proof of stake that provides the same security for no energy. But AI inference has no real alternative so the energy isn't wasted. It is unfortunate that politicians refused to allow abundant clean energy even after we told them exactly what to do, but now it is what it is. The market wants AI, they are willing to pay for it, and they are getting it.
- monero-xmr 1y agoIf the market demands bitcoin, then miners provide? No?
- Gigachad 1y agoMining doesn’t create bitcoins though. They are created on a schedule. Miners just burn power on useless calculations to compete for a share of the scheduled distribution.
- ido 1y agoDidn't more modern currencies (e.g. ETH post switch to Proof-of-Stake) solve a lot of that[0]? [0] I own no crypto and have no horse in that race, just from what i understood from online discourse.
- piva00 1y agoEthereum did the change, Bitcoin is stuck with the current mining of small blocks due to politics, it could've moved to bigger block sizes many years ago but the miners blocked the move since it would be less profitable. So Bitcoin is locked into its current wasteful state with no end in sight.