Post
Topic
Board Development & Technical Discussion
Re: How to reduce energy consumption and eliminate wasted work
by
WhyFhy
on 22/04/2022, 05:58:17 UTC
Us electricity consumption vs mining growth is quiet fascinating. Our usage really hasn't budged in the last 17 years.
This proves nothing really but it is hard to tell what industries effect what, Lightbulbs for example in lumens per watt have gotten incredibly efficient, even mining gear has  s19 was 34J/TH @95TH the new s19 xp hydro gear 20J/TH @ 255TH , but as this gear becomes more efficient they also want more out of it so it doesn't seem like change is happening but it is.
As I said in an earlier post "However the 1% that owns 99% of the network strength will probably not vote for such measures." consensus would have to vote by switching hashpower/staking a node or whatever concept someone conjures up to a new systems idea that promotes efficiency, guys that have spent 20k on a single piece of gear simply would laugh at you and tell you why it cant be done. The guys that where getting 100BTC block rewards on 45watt processors however might could/would.
Bitcoins smarter than me but ETH is incredibly complex in comparison, they also dont really care about the miners the miners dont have a vote if the dev's around telling people they can stake more and earn more this new way. But if ETH and its complexity's can actually pull of PoS, bitcoin could too I think but maybe not , there is a reason Bitcoin is king and all forks have ultimately failed in comparison.     I'm sure if Satoshi where around he would advocate a new system that advocates better decentralization but by his design he wouldn't have much say in it except a voice of reason.