Current Events > texas wants to use bitcoin to fix its power issues

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ScazarMeltex 01/30/22 4:31:39 PM #51:	This is why Texas should not recieve any federal assistance next time their shit us on the verge of collapse. --- "If you wish to converse with me define your terms" Voltaire <cite>ScazarMeltex posted [p:962215549] in texas want... [t:79876507]...</cite> <quote>This is why Texas should not recieve any federal assistance next time their shit us on the verge of collapse. </quote> ... Copied to Clipboard!
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CableZL 01/30/22 4:33:13 PM #53:	Shit, San Antonio is going to get down into the 20s Thursday and Friday night... Well, we'll see how this goes --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:962215600] in texas want... [t:79876507]...</cite> <quote>Shit, San Antonio is going to get down into the 20s Thursday and Friday night... Well, we'll see how this goes </quote> ... Copied to Clipboard!
Damn_Underscore 01/30/22 4:41:53 PM #54:	AceMos posted... block chain technology factually cant go down in power usage it can only go up Why does the graph fluctuate then? There doesn't even seem to be a pattern to this fluctuation. Can any "crypto supporter" or someone more knowledgeable who doesn't care either way provide some information? --- The world, belongs to you. <cite>Damn_Underscore posted [p:962215853] in texas want... [t:79876507]...</cite> <quote>AceMos posted... </cite> <quote>block chain technology factually cant go down in power usage it can only go up</quote> Why does the graph fluctuate then? There doesn't even seem to be a pattern to this fluctuation. Can any "crypto supporter" or someone more knowledgeable who doesn't care either way provide some information? </quote> ... Copied to Clipboard!
AceMos 01/30/22 4:42:14 PM #55:	where did you get that graph --- 3 things 1. i am female 2. i havea msucle probelm its hard for me to typ well 3.does her janpuu dance <cite>AceMos posted [p:962215858] in texas want... [t:79876507]...</cite> <quote>where did you get that graph </quote> ... Copied to Clipboard!
AceMos 01/30/22 4:43:22 PM #56:	oh also your graph is not showing the energy use of a transaction its showing the over all use those down points are when less ppl are trading crypto if blockchain became the default there would be no down time --- 3 things 1. i am female 2. i havea msucle probelm its hard for me to typ well 3.does her janpuu dance <cite>AceMos posted [p:962215890] in texas want... [t:79876507]...</cite> <quote>oh also your graph is not showing the energy use of a transaction its showing the over all use those down points are when less ppl are trading crypto if blockchain became the default there would be no down time </quote> ... Copied to Clipboard!
YellowSUV 01/30/22 4:47:57 PM #57:	Damn_Underscore posted... Why does the graph fluctuate then? There doesn't even seem to be a pattern to this fluctuation. Because it is the total consumption of all Bitcoin transactions. Whenever the graph goes down that means there are less transactions overall. Individual transactions still get energy expensive overtime. Each transaction adds to the blockchain. A longer blockchain requires more energy to process than a shorter one. Therefore, as time goes on individual transactions get more expensive. --- We all live in a Yellow SUV! a Yellow SUV! <cite>YellowSUV posted [p:962216014] in texas want... [t:79876507]...</cite> <quote>Damn_Underscore posted... </cite> <quote>Why does the graph fluctuate then? There doesn't even seem to be a pattern to this fluctuation.</quote> Because it is the total consumption of all Bitcoin transactions. Whenever the graph goes down that means there are less transactions overall. Individual transactions still get energy expensive overtime. Each transaction adds to the blockchain. A longer blockchain requires more energy to process than a shorter one. Therefore, as time goes on individual transactions get more expensive. </quote> ... Copied to Clipboard!
Damn_Underscore 01/30/22 4:55:40 PM #58:	AceMos posted... where did you get that graph Image search. Here's a better example. It's a short journal article about this that seemed worth reading https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7402366/ The article says that mining crypto is a concern if the energy used is not renewable. The article's conclusion is based on any greenhouse gas emissions crypto causes. There is nothing there about exponential or perpetual growth, which seems like a pretty big deal when questioning crypto's energy efficiency. --- The world, belongs to you. <cite>Damn_Underscore posted [p:962216238] in texas want... [t:79876507]...</cite> <quote>AceMos posted... </cite> <quote>where did you get that graph</quote> Image search. Here's a better example. It's a short journal article about this that seemed worth reading https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7402366/ The article says that mining crypto is a concern if the energy used is not renewable. The article's conclusion is based on any greenhouse gas emissions crypto causes. There is nothing there about exponential or perpetual growth, which seems like a pretty big deal when questioning crypto's energy efficiency. </quote> ... Copied to Clipboard!
monkmith 01/30/22 4:59:13 PM #59:	Damn_Underscore posted... How can you say that? I agree that using them as investment tools goes against their fundamental use, but no one knows if that bubble will ever pop. More importantly though, crypto could theoretically replace the modern banking system which would be a net gain for the environment, lol, this is some solid shitposting. --- Taarsidath-an halsaam. Quando il gioco e finito, il re e il pedone vanno nella stessa scatola <cite>monkmith posted [p:962216323] in texas want... [t:79876507]...</cite> <quote>Damn_Underscore posted... </cite> <quote>How can you say that? I agree that using them as investment tools goes against their fundamental use, but no one knows if that bubble will ever pop. More importantly though, crypto could theoretically replace the modern banking system which would be a net gain for the environment,</quote>lol, this is some solid shitposting. </quote> ... Copied to Clipboard!
Sackgurl 01/30/22 5:01:25 PM #60:	Damn_Underscore posted... If energy is unused, it obviously goes wasted. why do you think this is happening please answer in the form of an essay (hint: the entire point of a power grid is to prevent energy from "going unusued") --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:962216394] in texas want... [t:79876507]...</cite> <quote>Damn_Underscore posted... </cite> <quote>If energy is unused, it obviously goes wasted.</quote> why do you think this is happening please answer in the form of an essay (hint: the entire point of a power grid is to prevent energy from "going unusued") </quote> ... Copied to Clipboard!
Damn_Underscore 01/30/22 5:08:06 PM #61:	Sackgurl posted... why do you think this is happening at all please answer in the form of an essay (hint: the entire point of a power grid is to prevent energy from "going unusued") https://www.eia.gov/todayinenergy/detail.php?id=44436 --- The world, belongs to you. <cite>Damn_Underscore posted [p:962216608] in texas want... [t:79876507]...</cite> <quote>Sackgurl posted... </cite> <quote>why do you think this is happening at all please answer in the form of an essay (hint: the entire point of a power grid is to prevent energy from "going unusued")</quote> https://www.eia.gov/todayinenergy/detail.php?id=44436 </quote> ... Copied to Clipboard!
Sackgurl 01/30/22 5:10:02 PM #62:	do you understand what conversion losses are or did you just post the first result you googled that you thought agreed with the conclusion you started with? i asked for your answer in the form of an essay. (hint: conversion losses are a result of the production process, and never make it to any end user. you might be familiar with the concept of heat losses.) --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:962216659] in texas want... [t:79876507]...</cite> <quote>do you understand what conversion losses are or did you just post the first result you googled that you thought agreed with the conclusion you started with? i asked for your answer in the form of an essay. (hint: conversion losses are a result of the production process, and never make it to any end user. you might be familiar with the concept of heat losses.) </quote> ... Copied to Clipboard!
Sackgurl 01/30/22 5:16:28 PM #63:	here's another hint for you: when a hot front breaks, and you and all your neighbors start turning your AC off and opening the windows, the hydro plant that contributes to your grid is reducing the flow of water that runs its turbines faster than you're opening the windows because the entire alternating current network detects the surplus as a frequency shift in the current, and supply switches down to maintain within a small percentage of the target frequency which is why everything you've been saying in this topic (but especially the link you lazily dumped here) is complete nonsense --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:962216906] in texas want... [t:79876507]...</cite> <quote>here's another hint for you: when a hot front breaks, and you and all your neighbors start turning your AC off and opening the windows, the hydro plant that contributes to your grid is reducing the flow of water that runs its turbines faster than you're opening the windows because the entire alternating current network detects the surplus as a frequency shift in the current, and supply switches down to maintain within a small percentage of the target frequency which is why everything you've been saying in this topic (but especially the link you lazily dumped here) is complete nonsense </quote> ... Copied to Clipboard!
Sackgurl 01/30/22 5:19:30 PM #64:	in fact your own link illustrates it in this handy electricity flow diagram that you did not read https://www.eia.gov/totalenergy/data/flow-graphs/electricity.php i took a screenshot of it since you won't follow this link but you can't help but read my posts to try to find something to nitpick https://gamefaqs.gamespot.com/a/user_image/7/9/2/AAZtnkAAC3iw.jpg --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:962217014] in texas want... [t:79876507]...</cite> <quote>in fact your own link illustrates it in this handy electricity flow diagram that you did not read https://www.eia.gov/totalenergy/data/flow-graphs/electricity.php i took a screenshot of it since you won't follow this link but you can't help but read my posts to try to find something to nitpick https://gamefaqs.gamespot.com/a/user_image/7/9/2/AAZtnkAAC3iw.jpg </quote> ... Copied to Clipboard!
Damn_Underscore 01/30/22 5:23:00 PM #65:	Bitcoin is not as bad as you are claiming. I assumed the bitcoin mining would happen as close to the energy source as possible. This would lead to more efficient usage of energy for that purpose. The article implies that energy concerns with crypto mining are all about greenhouse gas emissions. (Ok, here's a legit conclusion) For the longest time, the narrative from internet forums was about how amazing crypto is and how it's going to revolutionize the world ad whatnot. And this message reached it's strongest point when crypto made big gains in early and late 2021. But recently there has been a group whose goal seems to be the exact opposite: That crypto is evil and is going to destroy the world thanks to its energy consumption. Claims by those whose only goal is to praise or trash the technology should be taken with a grain of salt. As for the size of those grains, you should just cut salt out of your diet. There you go, 5 paragraph essay --- The world, belongs to you. <cite>Damn_Underscore posted [p:962217133] in texas want... [t:79876507]...</cite> <quote>Bitcoin is not as bad as you are claiming. I assumed the bitcoin mining would happen as close to the energy source as possible. This would lead to more efficient usage of energy for that purpose. The article implies that energy concerns with crypto mining are all about greenhouse gas emissions. (Ok, here's a legit conclusion) For the longest time, the narrative from internet forums was about how amazing crypto is and how it's going to revolutionize the world ad whatnot. And this message reached it's strongest point when crypto made big gains in early and late 2021. But recently there has been a group whose goal seems to be the exact opposite: That crypto is evil and is going to destroy the world thanks to its energy consumption. Claims by those whose only goal is to praise or trash the technology should be taken with a grain of salt. As for the size of those grains, you should just cut salt out of your diet. There you go, 5 paragraph essay </quote> ... Copied to Clipboard!
Imit8m3 01/30/22 5:24:57 PM #66:	It's the Texas heat... It cooks your brain. --- Buy $SHIB. <cite>Imit8m3 posted [p:962217202] in texas want... [t:79876507]...</cite> <quote>It's the Texas heat... It cooks your brain. </quote> ... Copied to Clipboard!
Antifar 01/30/22 5:25:57 PM #67:	Increasing energy usage as a roundabout way of goosing energy supply feels a bit, well, inefficient. --- kin to all that throbs <cite>Antifar posted [p:962217235] in texas want... [t:79876507]...</cite> <quote>Increasing energy usage as a roundabout way of goosing energy supply feels a bit, well, inefficient. </quote> ... Copied to Clipboard!
Sackgurl 01/30/22 5:27:02 PM #68:	Damn_Underscore posted... This would lead to more efficient usage of energy for that purpose. T&D losses represent ~1% of all energy consumed by the US energy grid. their use would be 1% more efficient than households. none of this would make use of heat losses from energy production, because PCs don't run on heat, they run on electricity. which you'd know if you viewed the image i screenshot for you for more than a millisecond i made no claims about the relative good or evil of the btc mining system, in the grand scheme of our economy i doubt they're close to the most evil market participants just about the idea that btc miners have anything to offer directly to the system. the motivation, as stated in the article and by gov assbutt, was that their demand would drive new power plant construction (which takes a decade) --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:962217275] in texas want... [t:79876507]...</cite> <quote>Damn_Underscore posted... </cite> <quote>This would lead to more efficient usage of energy for that purpose.</quote> T&D losses represent ~1% of all energy consumed by the US energy grid. their use would be 1% more efficient than households. none of this would make use of heat losses from energy production, because PCs don't run on heat, they run on electricity. which you'd know if you viewed the image i screenshot for you for more than a millisecond i made no claims about the relative good or evil of the btc mining system, in the grand scheme of our economy i doubt they're close to the most evil market participants just about the idea that btc miners have anything to offer directly to the system. the motivation, as stated in the article and by gov assbutt, was that their demand would drive new power plant construction (which takes a decade) </quote> ... Copied to Clipboard!
AceMos 01/30/22 5:31:43 PM #69:	Damn_Underscore posted... The article implies that energy concerns with crypto mining are all about greenhouse gas emissions. ok lets make this simple for you again lets say it took 100 wind tourbines ( a green energy) to power 1 transaction we would eventually need 200 then 400 then a 1000 and it would keep going up[ even green energy cant solve this no matter what kind of energy you use you cant get around the fact block chain uses more and more power even the entire energy of the universe would eventually not be enough (granted ther eis no possible way block chain could ever grow to that point) --- 3 things 1. i am female 2. i havea msucle probelm its hard for me to typ well 3.does her janpuu dance <cite>AceMos posted [p:962217423] in texas want... [t:79876507]...</cite> <quote>Damn_Underscore posted... </cite> <quote>The article implies that energy concerns with crypto mining are all about greenhouse gas emissions.</quote>ok lets make this simple for you again lets say it took 100 wind tourbines ( a green energy) to power 1 transaction we would eventually need 200 then 400 then a 1000 and it would keep going up[ even green energy cant solve this no matter what kind of energy you use you cant get around the fact block chain uses more and more power even the entire energy of the universe would eventually not be enough (granted ther eis no possible way block chain could ever grow to that point) </quote> ... Copied to Clipboard!
Damn_Underscore 01/30/22 5:42:26 PM #70:	First of all I did not see the link to the full graph and it was too small to read, so I didn't read it until now. So thank you. Coal and natural gas are used to generate electricity so you can't just ignore them while they are the nation's biggest energy sources. That's all I really have to say to that. I mean seriously, you guys have begun to insult me because I don't agree with the intention of this topic and that crypto is a pointless scam. Why should I engage with you when you have already made up your mind about crypto? And before you accuse me of doing the same, I haven't. I see the potential use of blockchain technology in future applications, like this one, and I hope they succeed. --- The world, belongs to you. <cite>Damn_Underscore posted [p:962217766] in texas want... [t:79876507]...</cite> <quote>First of all I did not see the link to the full graph and it was too small to read, so I didn't read it until now. So thank you. Coal and natural gas are used to generate electricity so you can't just ignore them while they are the nation's biggest energy sources. That's all I really have to say to that. I mean seriously, you guys have begun to insult me because I don't agree with the intention of this topic and that crypto is a pointless scam. Why should I engage with you when you have already made up your mind about crypto? And before you accuse me of doing the same, I haven't. I see the potential use of blockchain technology in future applications, like this one, and I hope they succeed. </quote> ... Copied to Clipboard!
AceMos 01/30/22 5:44:36 PM #71:	Damn_Underscore posted... I see the potential use of blockchain technology in future applications, like this one, and I hope they succeed. there are 0 benefits to block chain this very scenario of this topic is based on a false pretense --- 3 things 1. i am female 2. i havea msucle probelm its hard for me to typ well 3.does her janpuu dance <cite>AceMos posted [p:962217839] in texas want... [t:79876507]...</cite> <quote>Damn_Underscore posted... </cite> <quote>I see the potential use of blockchain technology in future applications, like this one, and I hope they succeed.</quote>there are 0 benefits to block chain this very scenario of this topic is based on a false pretense </quote> ... Copied to Clipboard!
Damn_Underscore 01/30/22 5:47:26 PM #72:	AceMos posted... ok lets make this simple for you again lets say it took 100 wind tourbines ( a green energy) to power 1 transaction we would eventually need 200 then 400 then a 1000 and it would keep going up[ even green energy cant solve this no matter what kind of energy you use you cant get around the fact block chain uses more and more power even the entire energy of the universe would eventually not be enough (granted ther eis no possible way block chain could ever grow to that point) Yes, you've told me that crypto requires a perpetually growing energy source, but nothing posted here or that I've ever heard about crypto agrees with that. Why didn't the journal article about crypto energy consumption concerns mention that it it will always require exponentially more energy to maintain? --- The world, belongs to you. <cite>Damn_Underscore posted [p:962217932] in texas want... [t:79876507]...</cite> <quote>AceMos posted... </cite> <quote>ok lets make this simple for you again lets say it took 100 wind tourbines ( a green energy) to power 1 transaction we would eventually need 200 then 400 then a 1000 and it would keep going up[ even green energy cant solve this no matter what kind of energy you use you cant get around the fact block chain uses more and more power even the entire energy of the universe would eventually not be enough (granted ther eis no possible way block chain could ever grow to that point)</quote> Yes, you've told me that crypto requires a perpetually growing energy source, but nothing posted here or that I've ever heard about crypto agrees with that. Why didn't the journal article about crypto energy consumption concerns mention that it it will always require exponentially more energy to maintain? </quote> ... Copied to Clipboard!
littlebro07 01/30/22 5:47:34 PM #73:	Jagr_68 posted... Why is Texas so fucking mentally handicapped this is what happens when Republicans are in charge of anything --- https://i.imgtc.com/MGGa6Os.gif <cite>littlebro07 posted [p:962217939] in texas want... [t:79876507]...</cite> <quote>Jagr_68 posted... </cite> <quote>Why is Texas so fucking mentally handicapped</quote> this is what happens when Republicans are in charge of anything </quote> ... Copied to Clipboard!
AceMos 01/30/22 5:49:51 PM #74:	Damn_Underscore posted... Yes, you've told me that crypto requires a perpetually growing energy source, but nothing posted here or that I've ever heard about crypto agrees with that. Why didn't the journal article about crypto energy consumption concerns mention that it it will always require exponentially more energy to maintain? do you even know what block chain IS --- 3 things 1. i am female 2. i havea msucle probelm its hard for me to typ well 3.does her janpuu dance <cite>AceMos posted [p:962218012] in texas want... [t:79876507]...</cite> <quote>Damn_Underscore posted... </cite> <quote>Yes, you've told me that crypto requires a perpetually growing energy source, but nothing posted here or that I've ever heard about crypto agrees with that. Why didn't the journal article about crypto energy consumption concerns mention that it it will always require exponentially more energy to maintain?</quote>do you even know what block chain IS </quote> ... Copied to Clipboard!
Damn_Underscore 01/30/22 5:51:55 PM #75:	Through google I see more articles from legitimate sources (i.e. not crypto fan sites) about the potential of the blockchain technology than I could ever read. Why should I believe you that it has zero benefits? --- The world, belongs to you. <cite>Damn_Underscore posted [p:962218083] in texas want... [t:79876507]...</cite> <quote>Through google I see more articles from legitimate sources (i.e. not crypto fan sites) about the potential of the blockchain technology than I could ever read. Why should I believe you that it has zero benefits? </quote> ... Copied to Clipboard!
AceMos 01/30/22 5:53:03 PM #76:	yes you can find lots of ppl shilling blockchain as they have a financial gain to do so so again i ask you DO YOU KNOW WHAT BLOCKCHAIN IS --- 3 things 1. i am female 2. i havea msucle probelm its hard for me to typ well 3.does her janpuu dance <cite>AceMos posted [p:962218117] in texas want... [t:79876507]...</cite> <quote>yes you can find lots of ppl shilling blockchain as they have a financial gain to do so so again i ask you DO YOU KNOW WHAT BLOCKCHAIN IS </quote> ... Copied to Clipboard!
Damn_Underscore 01/30/22 5:54:53 PM #77:	I know the basics of it. If your only response to those articles is they are shills, that says a lot to me. I understand what I'm dealing with here. I don't feel like arguing with you anymore. --- The world, belongs to you. <cite>Damn_Underscore posted [p:962218173] in texas want... [t:79876507]...</cite> <quote>I know the basics of it. If your only response to those articles is they are shills, that says a lot to me. I understand what I'm dealing with here. I don't feel like arguing with you anymore. </quote> ... Copied to Clipboard!
AceMos 01/30/22 5:58:11 PM #78:	aw so there it is you cant actually bring up any positives of blockchain cant describe it cant list any examples of misinformation and now your going "well this says alot about you so im out" let me help you understand blockchain its doing a complex math problem every transaction and each problem is more complex than the last thus needing more computing power it is factually impossible to ever get past this need for more energy as it always needs more andm ore computing power this is why ppl are buying up 1000s of graphics cards to make crypto farms and they have to keep buying more and more --- 3 things 1. i am female 2. i havea msucle probelm its hard for me to typ well 3.does her janpuu dance <cite>AceMos posted [p:962218298] in texas want... [t:79876507]...</cite> <quote>aw so there it is you cant actually bring up any positives of blockchain cant describe it cant list any examples of misinformation and now your going "well this says alot about you so im out" let me help you understand blockchain its doing a complex math problem every transaction and each problem is more complex than the last thus needing more computing power it is factually impossible to ever get past this need for more energy as it always needs more andm ore computing power this is why ppl are buying up 1000s of graphics cards to make crypto farms and they have to keep buying more and more </quote> ... Copied to Clipboard!
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sktgamer_13dude 01/30/22 8:06:50 PM #80:	>Im not an expert but. >also refuses to acknowledge what everyone is saying and agreeing on >continues to try and fight it while continuously reminding us youre not an expert Just uh, take the L next time man. Or use it as a time to learn from others that know more about it lol --- http://i.imgur.com/jWVrg9U.gif http://i.imgur.com/g2efUtT.jpg http://i.imgur.com/5dOwhaP.jpg http://i.imgur.com/LVdqu8J.gif Go Cougs and M's RIP SMV 2/25/21 <cite>sktgamer_13dude posted [p:962223124] in texas want... [t:79876507]...</cite> <quote>>Im not an expert but. >also refuses to acknowledge what everyone is saying and agreeing on >continues to try and fight it while continuously reminding us youre not an expert Just uh, take the L next time man. Or use it as a time to learn from others that know more about it lol</quote> ... Copied to Clipboard!
AceMos 01/31/22 2:26:26 AM #81:	bump --- 3 things 1. i am female 2. i havea msucle probelm its hard for me to typ well 3.does her janpuu dance <cite>AceMos posted [p:962232007] in texas want... [t:79876507]...</cite> <quote>bump </quote> ... Copied to Clipboard!
AceMos 01/31/22 2:07:23 PM #82:	bump --- 3 things 1. i am female 2. i havea msucle probelm its hard for me to typ well 3.does her janpuu dance <cite>AceMos posted [p:962243519] in texas want... [t:79876507]...</cite> <quote>bump </quote> ... Copied to Clipboard!
AceMos 02/01/22 3:00:41 AM #83:	AceMos posted... bump --- 3 things 1. i am female 2. i havea msucle probelm its hard for me to typ well 3.does her janpuu dance <cite>AceMos posted [p:962263274] in texas want... [t:79876507]...</cite> <quote>AceMos posted... </cite> <quote>bump</quote> </quote> ... Copied to Clipboard!
themaster627 02/01/22 6:37:15 AM #84:	There is a fundamental misunderstanding here of how mining and its energy consumption works. The statement that it takes infinitely more energy per transaction is completely wrong, as well as the complexity of the hash required increasing per transaction. That's not how the relationship of mining difficulty and the blockchain works. The length of the chain is wholly irrelevant to the computational power required to find a valid hash for the next block. That is controlled by the mining difficulty, the higher it is, the more random guesses are required to find a valid hash, meaning more computational power is required. This difficulty is adjusted dynamically based on the average time it takes for a solution to be found for a new block, which is every 10 minutes in the case of Bitcoin. The only thing influencing this difficulty is the existing computational power on the network. More people turn on more hardware, the average block time decreases, and the difficulty goes up. People turn hardware off, the average time goes up, and the difficulty lowers. It's entirely possible for the chain to run permanently on one person's CPU taking 50 watts. The difficulty would adjust down until it averages 10 minutes again, it doesn't matter if the chain was petabytes of data. Of course, the reason that isn't the case is because of Bitcoin's price making mining profitable to where many people bring in more hardware to get a piece of the pie, which is what drives difficulty ultimately. The only thing always scaling is the storage space requirements of syncing the entire chain to run your own node, but progress of storage technology will far, far outpace BTC's needs so that doesn't matter. Finally, you don't mine Bitcoin on a CPU or GPU anymore as there is much faster specialty hardware called an ASIC now that raised computational power, and therefore difficulty, up so much that a GPU isn't fast enough to profit anymore. ASICs are plenty profitable, however. --- My previous signature randomly started getting autoflagged after years of use. Now I have none. Thanks, autoflag. <cite>themaster627 posted [p:962265403] in texas want... [t:79876507]...</cite> <quote>There is a fundamental misunderstanding here of how mining and its energy consumption works. The statement that it takes infinitely more energy per transaction is completely wrong, as well as the complexity of the hash required increasing per transaction. That's not how the relationship of mining difficulty and the blockchain works. The length of the chain is wholly irrelevant to the computational power required to find a valid hash for the next block. That is controlled by the mining difficulty, the higher it is, the more random guesses are required to find a valid hash, meaning more computational power is required. This difficulty is adjusted dynamically based on the average time it takes for a solution to be found for a new block, which is every 10 minutes in the case of Bitcoin. The only thing influencing this difficulty is the existing computational power on the network. More people turn on more hardware, the average block time decreases, and the difficulty goes up. People turn hardware off, the average time goes up, and the difficulty lowers. It's entirely possible for the chain to run permanently on one person's CPU taking 50 watts. The difficulty would adjust down until it averages 10 minutes again, it doesn't matter if the chain was petabytes of data. Of course, the reason that isn't the case is because of Bitcoin's price making mining profitable to where many people bring in more hardware to get a piece of the pie, which is what drives difficulty ultimately. The only thing always scaling is the storage space requirements of syncing the entire chain to run your own node, but progress of storage technology will far, far outpace BTC's needs so that doesn't matter. Finally, you don't mine Bitcoin on a CPU or GPU anymore as there is much faster specialty hardware called an ASIC now that raised computational power, and therefore difficulty, up so much that a GPU isn't fast enough to profit anymore. ASICs are plenty profitable, however. </quote> ... Copied to Clipboard!
Guide 02/01/22 6:38:52 AM #85:	Spongebob continues to be right about Texas. --- evening main 2.4356848e+91 https://youtu.be/Acn5IptKWQU <cite>Guide posted [p:962265424] in texas want... [t:79876507]...</cite> <quote>Spongebob continues to be right about Texas. </quote> ... Copied to Clipboard!
Shablagoo 02/01/22 6:43:47 AM #86:	fucking lol --- "if i was a woman i would mail kyle rittenhouse my panties." ~ledbowman "Out of those two? Racist for me... easily." ~Vicious_Dios <cite>Shablagoo posted [p:962265498] in texas want... [t:79876507]...</cite> <quote>fucking lol </quote> ... Copied to Clipboard!
teep_ 02/01/22 6:51:06 AM #87:	And its such a weird concept: Hey, were gonna put more energy consumption in an energy system, and thats going to stabilize the grid. You don't say --- teep does not dream of logical witch <cite>teep_ posted [p:962265584] in texas want... [t:79876507]...</cite> <quote><quote>And its such a weird concept: Hey, were gonna put more energy consumption in an energy system, and thats going to stabilize the grid. </quote> You don't say </quote> ... Copied to Clipboard!
VigorouslySwish 02/01/22 2:46:15 PM #88:	Its a long con so after it fails like they know it will, they can turn around and say bitcoin will destroy america and then they can ban it with much less pushback --- i'm just some guy yellin' about apple sauce <cite>VigorouslySwish posted [p:962275822] in texas want... [t:79876507]...</cite> <quote>Its a long con so after it fails like they know it will, they can turn around and say bitcoin will destroy america and then they can ban it with much less pushback </quote> ... Copied to Clipboard!
Sackgurl 02/01/22 5:04:55 PM #89:	teep_ posted... And its such a weird concept: Hey, were gonna put more energy consumption in an energy system, and thats going to stabilize the grid. You don't say seems very republican, just like "tax cuts will make tax revenues go up!" --- LittleBigPlanet is like merging dress-up with a real game. <cite>Sackgurl posted [p:962279532] in texas want... [t:79876507]...</cite> <quote>teep_ posted... </cite> <quote>And its such a weird concept: Hey, were gonna put more energy consumption in an energy system, and thats going to stabilize the grid. You don't say</quote> seems very republican, just like "tax cuts will make tax revenues go up!" </quote> ... Copied to Clipboard!
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Current Events > texas wants to use bitcoin to fix its power issues (+) Yeah! (+)

Current Events > texas wants to use bitcoin to fix its power issues