A Beginner’s Guide to Getting Started with Bitcoin

Re:A Beginner’s Guide to Getting Started with Bitcoin by mckirk on Saturday February 13, 2021 @07:18AM (#26123194)

That would indeed be an interesting comparison. It's worth noting though that cryptocurrencies aren't automatically energy-hungry on the scale of Bitcoin. There are alternatives, such as the upcoming Ethereum 2.0 chain, that try to be more mindful of energy consumption through Proof of Stake instead of Proof of Work.

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Re:A Beginner’s Guide to Getting Started with Bitcoin by jerrymiller on Saturday February 13, 2021 @07:57AM (#26123343)

Here you go: https://www.danheld.com/blog/2019/1/5/pow-is-efficent

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Re:A Beginner’s Guide to Getting Started with Bitcoin by crtasm on Saturday February 13, 2021 @08:57AM (#26123605)

The way that's worded sounds like Bitcoin was designed with ASICs in mind - that isn't the case, is it?

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Re:A Beginner’s Guide to Getting Started with Bitcoin by jerrymiller on Saturday February 13, 2021 @10:14AM (#26124026)

Satoshi has not envisioned ASICs, no. But it doesn't matter what Satoshi thinks/thought of. Bitcoin is not controlled by anyone; anyone can introduce a better way to mine/use it.

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Re:A Beginner’s Guide to Getting Started with Bitcoin by gcatellani2k on Saturday February 13, 2021 @10:46AM (#26124229)

Thank you very much.

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