• 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.

                • Eager Eagle@lemmy.world
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                  9 months ago

                  meaning PoW is not such a problem when applied to create consensus in local or niche blockchains as the difficulty (and energy consumption) is orders of magnitude lower. For widely used coins it’s a terrible choice.

              • HACKthePRISONS@kolektiva.social
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                9 months ago

                > at any given time, someone will be willing to put more energy (work) into it to gain an advantage

                that’s not a problem with the protocol. that’s a problem with people. that’s like saying that houses are a problem because people rent them to exploit the working class. the problem isn’t the house, it’s the people who try to buy all the houses.

                • Eager Eagle@lemmy.world
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                  9 months ago

                  I never said there’s a problem with the protocol - that’s indeed, working as intended. There IS a problem of using the protocol (at scale) though, because it creates this unsustainable environment.

                  As another comment put it: PoW is the coal burning of this era.

                  Using it for your bbq is no big deal. Using it to generate energy for half the world is awful.

                  • HACKthePRISONS@kolektiva.social
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                    9 months ago

                    >There IS a problem of using the protocol (at scale) though, because it creates this
                    unsustainable environment.

                    this isn’t true. the protocol is still functioning fine. the problem is how people are using the protocol.