Damus
Mike Brock · 161w
But the money that comes from the usage provides income for investment in maintenance and capital investment in increased capacity. Including investment in cheaper, cleaner energy.
harq profile picture
You completely missed the point of bitcoin mining. The energy expenditure is the main factor that keeps the network secure.
ASICS get more efficient all the time and hashrate keeps going up because of it, but the thing that should be looked at is energy expenditure. That's the real cost of network security.
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Mike Brock · 161w
I don’t think I missed this point? I was talking about the electrical generation and transmission infrastructure.
House_of_Lewis · 161w
So, if someone could figure out some big leap that reduced the energy expenditure, then that could reduce network security?
harq · 161w
Efficiency improvements have been happening the whole time and energy expenditure isn't going down. Why do you think that is?
harq · 161w
Asking this question reveals the lack of understanding about the topic. If somebody invented an ASIC that is so powerful that just one machine replaces the entire current hashrate, what do you think will happen? Will everybody except that one guy with that one ASIC just stop mining and leave OR will...
harq · 161w
I was under the impression I was replying to someone else. New to nostr, not really getting who I'm answering to on what.