AJ2884 on Nostr: Given that Bitcoin is built on the assumption of greed, not benevolence, what would ...
Given that Bitcoin is built on the assumption of greed, not benevolence, what would be the personal reward of contributing to that collective effort?
Also, given that hash per watt is not a universal constant but instead determined by a wide variety of factors such as but not limited to minor model, firmware, current settings, idiosyncrasies of individual minors, temperature, etc., while it can obviously be measured and calculated, unlike the speed of a falling object given the local gravitational acceleration, time spent falling, and initial velocity, I'd argue that energy per block is not deterministic. And then even from there, given that network conditions are constantly changing, some minor operators constantly fluctuate minor settings which cause things to get even more complicated and non-deterministic. And depending on the goal of the exercise, does the efficiency of power generation and transmission need to be considered? What about the likelihood that the power would have been otherwise used rather than simply grounded, or not generated in the first place?
Maybe I'm missing something, but to me, calculating network efficiency seems like it be anything but a straightforward deterministic process, and would instead be a fairly handwavy estimation based on a variety of measurement averages and heuristics, which is doable, but you presumably won't get too many significant digits, but maybe that's all you need!
Also, given that hash per watt is not a universal constant but instead determined by a wide variety of factors such as but not limited to minor model, firmware, current settings, idiosyncrasies of individual minors, temperature, etc., while it can obviously be measured and calculated, unlike the speed of a falling object given the local gravitational acceleration, time spent falling, and initial velocity, I'd argue that energy per block is not deterministic. And then even from there, given that network conditions are constantly changing, some minor operators constantly fluctuate minor settings which cause things to get even more complicated and non-deterministic. And depending on the goal of the exercise, does the efficiency of power generation and transmission need to be considered? What about the likelihood that the power would have been otherwise used rather than simply grounded, or not generated in the first place?
Maybe I'm missing something, but to me, calculating network efficiency seems like it be anything but a straightforward deterministic process, and would instead be a fairly handwavy estimation based on a variety of measurement averages and heuristics, which is doable, but you presumably won't get too many significant digits, but maybe that's all you need!