• Eager Eagle@lemmy.world
      link
      fedilink
      English
      arrow-up
      6
      arrow-down
      2
      ·
      edit-2
      9 months ago

      then there’s no reason to believe they got it wrong.

      also they’re vague estimates, even bitcoin has a huge margin for error.

      • HACKthePRISONS@kolektiva.social
        link
        fedilink
        arrow-up
        2
        arrow-down
        3
        ·
        9 months ago

        there is every reason to not believe them. they clearly have a motivation to paint power consumption as worse than is true, and the complexity of extracting the use of dogecoin mining from the rest of the mergedmine is, personally, unfathomable. maybe i’m dumb and there is a simple calculation that can be done, but without evidence of their methodology, i’m not going to believe them, and no one should.

          • HACKthePRISONS@kolektiva.social
            link
            fedilink
            arrow-up
            1
            arrow-down
            1
            ·
            9 months ago

            it’s a bit like clocking your gas mileage to and from work, and then saying thats how much gas it took you to get out of your driveway.

          • HACKthePRISONS@kolektiva.social
            link
            fedilink
            arrow-up
            1
            arrow-down
            2
            ·
            9 months ago

            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

            • Eager Eagle@lemmy.world
              link
              fedilink
              English
              arrow-up
              3
              ·
              edit-2
              9 months ago

              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, .

              • HACKthePRISONS@kolektiva.social
                link
                fedilink
                arrow-up
                1
                arrow-down
                1
                ·
                9 months ago

                asic miners are the problem with crypto’s energy consumption. nothing is wrong the the bitcoin protocol, which is functioning as expected.

                • Eager Eagle@lemmy.world
                  link
                  fedilink
                  English
                  arrow-up
                  3
                  ·
                  edit-2
                  9 months ago

                  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”.

                  • HACKthePRISONS@kolektiva.social
                    link
                    fedilink
                    arrow-up
                    2
                    arrow-down
                    2
                    ·
                    9 months ago

                    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