It occurs to me that one thing #Bitcoin
could do to counter the "sustainability" FUD going around at the moment is to adjust its network parameters to make bitcoin a better fit as an energy-consumer of last resort for renewables.
Does anyone know what that would look like?
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Replying to @RokoMijic @RokoMijicUK
It's already that. ASICs turn electricity into hashes; if you have part time cheap electricity somewhere due to renewables then that's it - that's the maximum incentive you have to hook ASICs to that power source.
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Replying to @CovfefeAnon
The problem with this is that right now the price of the electricity is irrelevant, Bitcoin mining is limited by having ASIC miners and they'll max out electricity usage. At equilibrium there would be some preference for cheaper electricity....
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Replying to @RokoMijic @RokoMijicUK
>The problem with this is that right now the price of the electricity is irrelevant, Bitcoin mining is limited by having ASIC miners and they'll max out electricity usage That's *really* not the case. There are generations of miners that are deprecated b/c hash/watt is too low
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Replying to @CovfefeAnon
True, but the best, newest ASICs will mine all the time.
1 reply 0 retweets 1 like
Because the newest ASICs produce the most hashes per watt.
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