• Eager Eagle@lemmy.world
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    9 months ago

    then there’s no reason to believe they got it wrong.

    also they’re vague estimates, even bitcoin has a huge margin for error.

    • HACKthePRISONS@kolektiva.social
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      9 months ago

      there is every reason to not believe them. they clearly have a motivation to paint power consumption as worse than is true, and the complexity of extracting the use of dogecoin mining from the rest of the mergedmine is, personally, unfathomable. maybe i’m dumb and there is a simple calculation that can be done, but without evidence of their methodology, i’m not going to believe them, and no one should.

        • HACKthePRISONS@kolektiva.social
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          9 months ago

          it’s a bit like clocking your gas mileage to and from work, and then saying thats how much gas it took you to get out of your driveway.

        • HACKthePRISONS@kolektiva.social
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          9 months ago

          the work that goes into mining those blocks should be discounted by the amount of energy that goes into mining every other merge-mined chain

          • Eager Eagle@lemmy.world
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            9 months ago

            ok, so either ~1% figure already discounts this energy due to merge-mining, or it doesn’t discount and the effective energy consumption of Doge is lower. The original point remains: Bitcoin is pretty much the energetic problem of crypto, .

            • HACKthePRISONS@kolektiva.social
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              9 months ago

              asic miners are the problem with crypto’s energy consumption. nothing is wrong the the bitcoin protocol, which is functioning as expected.

              • Eager Eagle@lemmy.world
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                9 months ago

                it’s just that PoW is trash when applied at scale for encouraging energy use to create consensus - and that’s by design - so indeed, “there’s something wrong with the protocol”.

                • HACKthePRISONS@kolektiva.social
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                  9 months ago

                  you seem to understand that the protocol can function without the massive power use but you seem to want to blame the protocol for the power use.

                  at this point, we have to agree to disagree.

                  have a nice day

                  • Eager Eagle@lemmy.world
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                    9 months ago

                    the protocol can function without the massive power use

                    At scale no, it can’t and that’ll never be the case because at any given time, someone will be willing to put more energy (work) into it to gain an advantage - so as long as there’s demand for that coin, PoW will always demand huge amounts of energy.

                    And yes, I do blame the consensus protocol because ultimately that’s the culprit of causing this incentive to waste energy and targeting miners or any other actors is an utter waste of time.