Jackkluz on Nostr: It’s in my white paper which I’ll be releasing soon, but without direct ...
It’s in my white paper which I’ll be releasing soon, but without direct measurement of the energy:
you can sum up the total hashes produced by a miner (hashes) x their real operating efficiency (joules per hash) to get joules. The block energy would be the sum of all miners hashes x each miners real efficiency.
This is deterministic despite our inability currently to measure or determine it. It would certainly require a BIP and likely an anchor into each block; this is to be determined.
“Whether the humans can measure and determine the energy is not the point, the universe knows the exact amount of joules consumed to produce a block. It’s a real number.”
If you want to understand the real value of bitcoin, not the abstract value, you need the energy.
You can not equate the abstract value of bitcoin (satoshis) to is real value (energy/joules). This is the only way to price bitcoin outside of fiat. Price it in energy. It’s deterministic.
you can sum up the total hashes produced by a miner (hashes) x their real operating efficiency (joules per hash) to get joules. The block energy would be the sum of all miners hashes x each miners real efficiency.
This is deterministic despite our inability currently to measure or determine it. It would certainly require a BIP and likely an anchor into each block; this is to be determined.
“Whether the humans can measure and determine the energy is not the point, the universe knows the exact amount of joules consumed to produce a block. It’s a real number.”
If you want to understand the real value of bitcoin, not the abstract value, you need the energy.
You can not equate the abstract value of bitcoin (satoshis) to is real value (energy/joules). This is the only way to price bitcoin outside of fiat. Price it in energy. It’s deterministic.