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this post was submitted on 09 Feb 2024
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the work that goes into mining those blocks should be discounted by the amount of energy that goes into mining every other merge-mined chain
ok, so either ~1% figure already discounts this energy due to merge-mining, or it doesn't discount and the effective energy consumption of Doge is lower. The original point remains: Bitcoin is pretty much the energetic problem of crypto, .
asic miners are the problem with crypto's energy consumption. nothing is wrong the the bitcoin protocol, which is functioning as expected.
it's just that PoW is trash when applied at scale for encouraging energy use to create consensus - and that's by design - so indeed, "there's something wrong with the protocol".
you seem to understand that the protocol can function without the massive power use but you seem to want to blame the protocol for the power use.
at this point, we have to agree to disagree.
have a nice day
At scale no, it can't and that'll never be the case because at any given time, someone will be willing to put more energy (work) into it to gain an advantage - so as long as there's demand for that coin, PoW will always demand huge amounts of energy.
And yes, I do blame the consensus protocol because ultimately that's the culprit of causing this incentive to waste energy and targeting miners or any other actors is an utter waste of time.
> at any given time, someone will be willing to put more energy (work) into it to gain an advantage
that's not a problem with the protocol. that's a problem with people. that's like saying that houses are a problem because people rent them to exploit the working class. the problem isn't the house, it's the people who try to buy all the houses.