Hirom@beehaw.org to Technology@beehaw.org · 2 days agoBitcoin mining is no longer profitablewww.pcworld.comexternal-linkmessage-square64linkfedilinkarrow-up1151arrow-down10cross-posted to: buttcoin@lemmy.world
arrow-up1151arrow-down1external-linkBitcoin mining is no longer profitablewww.pcworld.comHirom@beehaw.org to Technology@beehaw.org · 2 days agomessage-square64linkfedilinkcross-posted to: buttcoin@lemmy.world
minus-squareThe_Caretaker@lemm.eelinkfedilinkEnglisharrow-up5·19 hours agoThere are other methods of operating a blockchain, besides proof of work, which are much more energy efficient. Think of Bitcoin being like a coal fired power-plant and some other cryptos based on proof of stake being akin to solar panels.
minus-squareSwedneck@discuss.tchncs.delinkfedilinkarrow-up1·11 hours agobut also proof of stake is just taking off the mask and outright saying that rich people control the network
There are other methods of operating a blockchain, besides proof of work, which are much more energy efficient. Think of Bitcoin being like a coal fired power-plant and some other cryptos based on proof of stake being akin to solar panels.
but also proof of stake is just taking off the mask and outright saying that rich people control the network