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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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4192911 No.4192911 [Reply] [Original]

So taking into account that BTC is an energy sucking piece of shit, which is the most efficient coin in terms of energy consumption then /biz/? In terms of transactions.

>> No.4192945
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4192945

>>4192911
>still not understanding the energy use is directly proportional to the security of the system

>> No.4192950

Not an answer to your question but it is energy related. This solution tries to manage your energy bill using the blockchain. They are shipping hardware soon. https://gridplus.io/

>> No.4192975
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4192975

>>4192911
Proof of work is the only thing that bitcoin benefits from, if it was proof of stake it would have no anchor in terms of real-world value. It would have zero cost and zero value

This is why bitcoin price will continue going up.

>> No.4192987

>>4192945
How so?

>> No.4192989
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4192989

>>4192911


if you want a efficient coin that isnt a energy sucker, buy omisego.

>> No.4193023

>>4192987
To mine bitcoin you have to put up a stake of electricity. The more people that do, the more difficult it is to fake

That is an overview, look up proof of work in regards to bitcoin for more in depth info

>> No.4193081

>>4192975
What happens when chinese have fusion generator and quantum comp?

>> No.4193525

>>4193023
Prepare for greenpeace and other environmental NGOs backlash then.

>> No.4193578

>>4192987
its true of all secure systems.
you need to put more in to keep it safe. how much money is spent securing gold and fiat?

>> No.4194025

COLX

>> No.4194052

>>4193081

It depends, if quantum chips come out they can change a piece of code in the source to make it quantum resistant, what leads to a fork. Making that the bitcoin killer.

This or bitcoin just dies completely.

>> No.4194546

>>4192911

Zero energy is required for off Chain trades


Keep your btc on exchange

When transferring it, unless going to cold storage, never tx btc. Convert to eth or litecoin.