Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BITCOIN LE - NEW COIN - Ecological Bitcoin - PoW & Low Energy
by
springwind
on 26/08/2018, 09:13:45 UTC
I don't understand the purpose of creating this new bitcoin
Will this be evaluated and stated?
if it's easier(Bitcoin LE) to get, then it will be cheaper?
Explain your purpose of creating

Hi ivsem

How easy depends on the difficulty really and not how much energy you spend to get it.
What matters is how much energy is used to process a pack of txs.
Once a coin gets old enough, miners will get their reward mostly via tx fees, so there will be a barrier for low tx fees, because miners need to pay electricity. Therefore people sending coins will pay for that electricity indirectly as fees. So, yes there is a point in having such a coin: waste less energy to produce the same result and enable cheaper txs (all this enabled by a traditional PoW based consensus).
There is nothing innovative in this. There is already a fork of bitcoin, in which there is a POS mining function (Bitcoin God). It's much more economical. Why is Bitcoin LE better Bitcoin God?