Re:Bitcoin and other PoW coins are an ESG nightmare
by kevingadd on Monday February 15, 2021 @01:27PM
(#26145537)
Right, but ultimately the same is true for manufacturing GPUs and ASICs. It's a problem you have to deal with for both PoW and this new proposed approach.
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Re:Bitcoin and other PoW coins are an ESG nightmare
by Nursie on Monday February 15, 2021 @04:28PM
(#26147692)
Sure, but that's my point, I don't think the economic incentives for proof of storage are any better.
Re:Bitcoin and other PoW coins are an ESG nightmare
by kevingadd on Monday February 15, 2021 @05:15PM
(#26148231)
How can they not be better if they remove the need to burn a bunch of power 24/7 and produce waste heat? It's replacing an ongoing cost with a fixed one. In both cases you need a hardware investment (PoW mining hardware for one, persistent storage for the other) but the proof of work system ALSO has a large ongoing energy cost in addition to hardware.
GPUs or ASICs for hashing are going to have a limited life span just like your storage hardware, too.
Re:Bitcoin and other PoW coins are an ESG nightmare
by jobigoud on Tuesday February 16, 2021 @03:30AM
(#26152011)
In this case the storage hardware is more directly linked to the output proof. Much more hardware manufacturing would be involved.
In PoW you can lower your environmental impact by using clean electricity. For Proof of storage it would be 100% manufacturing.