Bitcoin Mining Now Consuming More Electricity Than Many Countries

Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by bweis on Wednesday November 22, 2017 @03:55PM (#15760544)

Which is one of the many reasons Ethereum's proof of stake is so interesting.

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Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by cryptodogemoon on Wednesday November 22, 2017 @04:11PM (#15760685)

Proof of Steak mearly gives power to whomever has established wealth.

It is a marginal improvement over PoW, when the PoW algorithm is not computationally useful outside brute force hash lotteries and capital infrastructure race speculation.

Both PoS and PoW implementations should have heavy scrutiny on the distribution and minting rules for the base supply.

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Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by alanfalcon on Sunday November 26, 2017 @05:22PM (#15783404)

I like the idea of Proof of Steak. He who controls the Filet Mignon controls the world!

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Re:Bitcoin Mining Now Consuming More Electricity Than Many C... by 6nf on Wednesday November 22, 2017 @06:09PM (#15761505)

Ethereum doesn't actually have proof of stake yet

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