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Victoria Antoinette @lemmy.world the bitcoin blockchain doesn't require any power. any miner can stop, the blockchain would have less power, and still continue to function.
1 1 ReplyKnock_Knock_Lemmy_In @lemmy.world The bitcoin blockchain doesn't require any power.
Yes. It does. No transaction can occur without proof of work being performed.
any miner can stop, the blockchain would have less power, and still continue to function.
Marginally less power, but nowhere near the reduction needed to compete with a PoS blockchain.
For example Ethereum PoS uses 2,600 MWh per year (= a single 1MW windfarm). Bitcoin uses 53,000x more energy than Ethereum.
2 0 ReplyVictoria Antoinette @lemmy.world the whole network could be run on two raspberry pis. there is no minimum power requirement in the protocol.
1 0 ReplyKnock_Knock_Lemmy_In @lemmy.world the whole network could be run on two raspberry pis.
No. Then someone would buy 3 raspberry pis and claim all the bitcoin.
Bitcoin was a great idea in 2008 but in 2024 it has been overshadowed by other blockchains in every single dimension except for market cap.
2 0 ReplyVictoria Antoinette @lemmy.world the protocol says those 3 pis have consensus. that's how the network is supposed to function.
1 0 ReplyKnock_Knock_Lemmy_In @lemmy.world We are discussing energy usage, not consensus protocols.
The Bitcoin network never going to run on any number raspberry pis. Any claims that it will compete with a PoS blockchain for energy efficiency are ludicrous.
1 0 ReplyVictoria Antoinette @lemmy.world the protocol does not require the current energy use. it could be run on two raspberry pis.
1 0 ReplyKnock_Knock_Lemmy_In @lemmy.world Are you a bot? You've said that.
Are you seriously suggesting that in the future the Bitcoin network will be running on 2 pis? No. Energy consumption will continue to be 50000 times greater than other PoS blockchains.
1 0 ReplyVictoria Antoinette @lemmy.world the future is unknowable
1 1 ReplyKnock_Knock_Lemmy_In @lemmy.world Under what scenario does bitcoin reduce energy intensity by >99%
1 0 ReplyVictoria Antoinette @lemmy.world the future
is unknowable
1 1 Reply