Ninjastic
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Board Altcoin Discussion
Re: Proof of Capacity's existence got validated by Bram Cohen's Chia
by
moonstruck
on 10/05/2021, 13:27:58 UTC
Quote from: Branko on April 20, 2021, 08:25:12 AM
Quote from: pinkflower on April 04, 2018, 02:47:46 AM
Quote from: mpenagar on April 03, 2018, 11:10:51 AM
Well, they do not even mention Burstcoin  in their paper:

https://eprint.iacr.org/2017/893

Yeah we are aware. They want to make it look like that they are the first in Proof of Capacity. But they do mention and criticize it in the FAQ of their site.

All attack vectors on PoC will be removed once Burst upgrades to PoC2.

PoC2 explained: a needed security upgrade

.


So now that Chia (finally) went online, can you compare the two again?

Given that the current (low) estimate of power usage of Chia is closing in on 5MW (1/1000th of Bitcoin), it looks like they definitely failed to make a 'green' coin.