this post was submitted on 02 Jun 2024
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Get your vote in now!! (lemmy.world)
submitted 6 months ago by [email protected] to c/[email protected]
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[–] [email protected] 0 points 5 months ago (1 children)

you can't know that.

[–] [email protected] 1 points 5 months ago* (last edited 5 months ago) (1 children)

So ... Bitcoin matching PoS energy consumption is as knowable as monkeys flying out of my butt.

Gotcha. Conversations like this are what give Bitcoin Maxis a bad name.

[–] [email protected] 0 points 5 months ago (1 children)

i haven't taken any position on "bitcoin maxis". i'm only discussing the protocol and the limits of knowledge. you are making all manner of leaps of logic.

[–] [email protected] 1 points 5 months ago (1 children)

A Maxi would be unable to admit that there is no imaginable scenario where the bitcoin protocol will drop to the low energy requirements of a PoS blockchain.

[–] [email protected] 1 points 5 months ago (1 children)

there is no energy requirement at all for either mining method. the protocols are energy-agnostic.

[–] [email protected] 1 points 5 months ago (1 children)

Incorrect. Bitcoin protocol is designed to distribute bitcoin to whoever provides the most energy (work).

[–] [email protected] 1 points 5 months ago (1 children)

it's all just guess-and-check. a raspberry pi could find the next block even today.

[–] [email protected] 1 points 5 months ago (1 children)

Agreed. Because they can't provide enough power to prove the required work.

[–] [email protected] 1 points 5 months ago (1 children)

i think you read a word that isn't there. the work of generating a nonce, hashing the header, and checking for leading zeroes can certainly be done by a raspberry pi in under the 10 minute block time.

[–] [email protected] 1 points 5 months ago (1 children)

A raspberry pi could verify a bitcoin block. It is EXTREMELY unlikely to find the next block.

[–] [email protected] 1 points 5 months ago (1 children)

unlikely, given the network hashrate, but not impossible.

[–] [email protected] 1 points 5 months ago

A hash rate that requires 170TWh of electricity. There are no scenarios where this drops more than 99%, except for the destruction of bitcoin.