Lonero Foundation [ARCHIVE] on Nostr: 📅 Original date posted:2021-03-05 📝 Original message:Hi, this isn't about the ...

📅 Original date posted:2021-03-05
📝 Original message:Hi, this isn't about the energy efficient argument in regards to renewables
or mining devices but a better cryptography layer to get the most out of
your hashing for validation. I do understand the arbitrariness of it, but
do want to still propose a document. Do I use the Media Wiki format on
GitHub and just attach it as my proposal?

Best regards, Andrew

On Fri, Mar 5, 2021, 10:07 AM Devrandom <c1.devrandom at niftybox.net> wrote:

> Hi Ryan and Andrew,
>
> On Fri, Mar 5, 2021 at 5:42 AM Ryan Grant via bitcoin-dev <
> bitcoin-dev at lists.linuxfoundation.org> wrote:
>
>>
>> https://www.truthcoin.info/blog/pow-cheapest/
>> "Nothing is Cheaper than Proof of Work"
>> on | 04 Aug 2015
>>
>>
> Just to belabor this a bit, the paper demonstrates that the mining market
> will tend to expend resources equivalent to miner reward. It does not
> prove that mining work has to expend *energy* as a primary cost.
>
> Some might argue that energy expenditure has negative externalities and
> that we should move to other resources. I would argue that the negative
> externalities will go away soon because of the move to renewables, so the
> point is likely moot.
>
>
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