Hi, this isn't about the energy efficient argument in regards to renewables or mining devices but a better cryptography layer to get the most out of your hashing for validation. I do understand the arbitrariness of it, but do want to still propose a document. Do I use the Media Wiki format on GitHub and just attach it as my proposal?Best regards, AndrewOn Fri, Mar 5, 2021, 10:07 AM Devrandom <c1.devrandom@niftybox.net> wrote:Hi Ryan and Andrew,On Fri, Mar 5, 2021 at 5:42 AM Ryan Grant via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> wrote:
https://www.truthcoin.info/blog/pow-cheapest/
"Nothing is Cheaper than Proof of Work"
on | 04 Aug 2015
Just to belabor this a bit, the paper demonstrates that the mining market will tend to expend resources equivalent to miner reward. It does not prove that mining work has to expend *energy* as a primary cost.Some might argue that energy expenditure has negative externalities and that we should move to other resources. I would argue that the negative externalities will go away soon because of the move to renewables, so the point is likely moot.