misk@sopuli.xyz to Technology@lemmy.worldEnglish · 9 months agoJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumptionwww.tomshardware.comexternal-linkmessage-square360fedilinkarrow-up11.02Kcross-posted to: hackernews@lemmy.smeargle.fanstechnology@lemmy.world
arrow-up11.02Kexternal-linkJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumptionwww.tomshardware.commisk@sopuli.xyz to Technology@lemmy.worldEnglish · 9 months agomessage-square360fedilinkcross-posted to: hackernews@lemmy.smeargle.fanstechnology@lemmy.world
minus-squareHACKthePRISONS@kolektiva.sociallinkfedilinkarrow-up1·9 months ago>There IS a problem of using the protocol (at scale) though, because it creates this unsustainable environment. this isn’t true. the protocol is still functioning fine. the problem is how people are using the protocol.
minus-squareEager Eagle@lemmy.worldlinkfedilinkEnglisharrow-up1·9 months agoAnd there’s no way to use it so that it doesn’t consume huge amounts of energy because of greed and because of how computers work. So very much a problem of using PoW.
minus-squareHACKthePRISONS@kolektiva.sociallinkfedilinkarrow-up1·9 months agoyou can certainly use it: using the protocol to transact doesn’t contribute meaningfully to power consumption. power consumption is almost entirely in the mining.
>There IS a problem of using the protocol (at scale) though, because it creates this
unsustainable environment.
this isn’t true. the protocol is still functioning fine. the problem is how people are using the protocol.
And there’s no way to use it so that it doesn’t consume huge amounts of energy because of greed and because of how computers work.
So very much a problem of using PoW.
you can certainly use it: using the protocol to transact doesn’t contribute meaningfully to power consumption. power consumption is almost entirely in the mining.