Jackkluz on Nostr: No, using outdated hardware that consumes more energy than modern ASICs would not ...
No, using outdated hardware that consumes more energy than modern ASICs would not make Bitcoin any more valuable. The value of Bitcoin is not tied to the inefficiency of individual miners but to the total energy expended across the network. This energy is quantified through entropy: the entropy created, defined by the cryptographic search space and difficulty, and the entropy resolved, defined by the number of possible states a block can take.
The difficulty adjustment abstracts all hardware variations into a universal measure of energy expenditure. Regardless of whether mining is done on a Pentium5, C64, or ASIC, the total energy spent is encoded in the difficulty and the resulting blockchain structure. Each block reflects the work needed to resolve entropy, creating an immutable ledger where energy is crystallized into data. This immutability guarantees Bitcoin’s security and scarcity, regardless of the hardware used.
Bitcoin’s energy framework operates at the network level, not the individual miner level. The energy spent doesn’t make Bitcoin “intrinsically valuable,” but it defines the security, scarcity, and permanence of the system. By resolving entropy and anchoring the blockchain in thermodynamic principles, Bitcoin ensures that its data integrity is universally enforceable.
The difficulty adjustment abstracts all hardware variations into a universal measure of energy expenditure. Regardless of whether mining is done on a Pentium5, C64, or ASIC, the total energy spent is encoded in the difficulty and the resulting blockchain structure. Each block reflects the work needed to resolve entropy, creating an immutable ledger where energy is crystallized into data. This immutability guarantees Bitcoin’s security and scarcity, regardless of the hardware used.
Bitcoin’s energy framework operates at the network level, not the individual miner level. The energy spent doesn’t make Bitcoin “intrinsically valuable,” but it defines the security, scarcity, and permanence of the system. By resolving entropy and anchoring the blockchain in thermodynamic principles, Bitcoin ensures that its data integrity is universally enforceable.