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Get your vote in now!!
(lemmy.world)
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this post was submitted on 02 Jun 2024
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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.
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.
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.
there is no energy requirement at all for either mining method. the protocols are energy-agnostic.
Incorrect. Bitcoin protocol is designed to distribute bitcoin to whoever provides the most energy (work).
it's all just guess-and-check. a raspberry pi could find the next block even today.
Agreed. Because they can't provide enough power to prove the required work.
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.
A raspberry pi could verify a bitcoin block. It is EXTREMELY unlikely to find the next block.
unlikely, given the network hashrate, but not impossible.
A hash rate that requires 170TWh of electricity. There are no scenarios where this drops more than 99%, except for the destruction of bitcoin.