Re:Why All Cryptocurrency Should Die in a Fire
by FabHK on Friday May 20, 2022 @06:20PM
(#31453231)
> I mean Bitcoin isn’t consuming electricity just for fun.
Not exactly for fun, but sort of: frivolously, needlessly, and with an arms race dynamic: Put in 1000x more energy, and you get - exactly the same result, because the algorithm adjusted the Proof of Waste to make it 1000x more wasteful.
Not exactly for fun, but sort of: frivolously, needlessly, and with an arms race dynamic: Put in 1000x more energy, and you get - exactly the same result, because the algorithm adjusted the Proof of Waste to make it 1000x more wasteful.