The Uninhabitable Ireland (1 Viewer)

Cormcolash

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The best academic writing effectively conveys ideas using language and structure that is as easy to follow (i.e simple) as possible.
Any time you're reading academic stuff that starts to waffle on, overusing verbose syntax and terminology for no real reason, it usually means the writer doesn't know what the hell they're on about.
 

ann post

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The best academic writing effectively conveys ideas using language and structure that is as easy to follow (i.e simple) as possible.
Any time you're reading academic stuff that starts to waffle on, overusing verbose syntax and terminology for no real reason, it usually means the writer doesn't know what the hell they're on about.

TLDR
 

Unicron

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You know that thing you often see about how every crypto transaction requires enough juice to power a small german village for a week?

Is that basically all the electricity required to operate the blockchain divided by the number of transactions? Or is each transaction adding that amount of power to the load?
 

ernesto

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You know that thing you often see about how every crypto transaction requires enough juice to power a small german village for a week?

Is that basically all the electricity required to operate the blockchain divided by the number of transactions? Or is each transaction adding that amount of power to the load?

Cpu heat loss ? 🤷‍♂️
 

Lili Marlene

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is that CPU load separate to the CPU load that was required to create the currency in the first place?
I think that one is the one that requires all the server farms yeah, each bitcoin requires more power to mine than the last.

Fairly sure that's 99% of the power, that's why the proof of stake coins only require 1% or whatever of the power, just enough to keep the blockchain updated.

At this point 1% of bitcoin is probably still a lot of power though??
 

Unicron

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I think that one is the one that requires all the server farms yeah, each bitcoin requires more power to mine than the last.

Fairly sure that's 99% of the power, that's why the proof of stake coins only require 1% or whatever of the power, just enough to keep the blockchain updated.

At this point 1% of bitcoin is probably still a lot of power though??

Can an existing coin move from whatever the superthirstry method is to the proof of stake thing?

If not then bitcoin remaining the big dog is going to be an issue long term?
 

Lili Marlene

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Can an existing coin move from whatever the superthirstry method is to the proof of stake thing?
I believe ethereum have been threatening to do do this six months from now for about 4 years. Since almost all of the NFT stuff is done on Ethereum, if it's more than a fad (hmm), and Ethereum do manage to complete the changeover (and I've seen some people argue that that it is an impossibility) i guess it could solve the problem?

If not then bitcoin remaining the big dog is going to be an issue long term?
Isn't bitcoin meant to be fully mined within the next few years or something? I don't know what happens then.

Im quite sure bitcoin is just a place for rich people to put money and a small amount of criminals to have an unalterable financial link tied directly to them.
 

Unicron

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Isn't bitcoin meant to be fully mined within the next few years or something? I don't know what happens then.
2140 according to google.

I remember reading a thing a couple of years ago and I might be wrong but I think it's designed that after each x number of coins are mined the rate at which they're created slows down.
 

Lili Marlene

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2140 according to google.

I remember reading a thing a couple of years ago and I might be wrong but I think it's designed that after each x number of coins are mined the rate at which they're created slows down.
Oh, that's much later than i thought.

And yeah, it slows down because it requires more energy, which is how we got into this mess!
 

egg_

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2140 according to google.

I remember reading a thing a couple of years ago and I might be wrong but I think it's designed that after each x number of coins are mined the rate at which they're created slows down.
I understood this kinda differently - I thought that mining bitcoins is essentially looking for needles in a haystack, and it's getting harder just because most of the needles have already been taken out

Does anybody know anyone who actually knows the technical ins-and-outs of this?
 

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