Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BTCZ] BitcoinZ - zkSNARKs 21b max POW-Zhash No-Premine No-Dev Tax
by
simbav
on 11/02/2023, 12:59:21 UTC
response to:
"I don't like PoW because of the environmental footprint on the planet"

I am an engineer. I love math. It is an exact science. I will give a relatively simple example. BitcoinZ is ASIC-resistant and therefore can be mined only with video cards (GPU). If we take an average of 1 GPU had a power consumption of about 250 watts. Now let's take all the miners of the omnipresent Bitcoin itself which has around 5 500 000 miners. If all Bitcoin miners, assuming they are GPU miners like I mentioned BitcoinZ is ASIC resistant and transfer them to BitcoinZ that's pure and simple 5,500,000 miners times 250 watts on a video card it is equal to 1 375 megawatts. This is a power of a small hydroelectric plant. So, one small hydroelectric power plant in the whole world can power all bitcoin miners to mine BitcoinZ. it is simple as that. It is small because 10 miles from me there is such a small hydroelectric power plant with 2 turbines. 600 and 800 megawatts respectively. The plant has an area of ​​3 decares. I know that because the people that work there are my friends and I've been there many times (my village is 1 km away). The amount of water needed to operate both turbines is 2 m3 per second. This plant CAN supply the necessary amount of electricity for more than 5 million miners. What environmental footprint on the planet are you talking about on Asic-resistant cryptocurrency.....