zergtoshi

joined 11 months ago
[โ€“] zergtoshi@lemmy.world 1 points 6 months ago

Yah, less contagious, but as deadly, which is kinda horrible ๐Ÿ˜•

[โ€“] zergtoshi@lemmy.world 5 points 7 months ago (3 children)

And with some small but non-zero chance dying several years later from SSPE.

[โ€“] zergtoshi@lemmy.world 27 points 7 months ago (2 children)

You aren't mistaken.
Afaiu it also saves them from https://en.m.wikipedia.org/wiki/Subacute_sclerosing_panencephalitis, which is a delayed death sentence.

[โ€“] zergtoshi@lemmy.world 6 points 7 months ago (1 children)

Solar panels can have more than 200 watts peak per square meter and provide around 200 kWh per year and square meter, although these values vary a lot depending on where the panels are installed.
Given these numbers, generating 200 TWh annually (which is more than the current electric energy consumption of Bitcoin mining devices) would require 10^9 square meters; that's slightly more than 31 square kilometers.
Don't misunderstand this as defending the electric energy consumption of Bitcoin mining! I'd rather see this electric energy being used elsewhere.
I merely wanted to show how much electric energy can be harvested using solar panels.

[โ€“] zergtoshi@lemmy.world 4 points 7 months ago

Yes, there's a queue called mempool.
Clogging up the network is possible, but costs money (BTC), because transaction fees need to be added to the transactions and those fees need to be higher than those of the highest not yet processed transactions if "regular" users' transactions shall be delayed.
Miners prefer transactions with higher fees (to be precise: higher fees per occupied block space), because they earn them when creating the block successfully - together with the BTC that get issued when a block gets created.

[โ€“] zergtoshi@lemmy.world 3 points 7 months ago (1 children)

It's a bit more than just an estimate. If you want to know more, have a look here: https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/
The keys to the addresses exist. Whether someone is in control of them is unclear. It can't be proven that they've been lost.

[โ€“] zergtoshi@lemmy.world 4 points 7 months ago

Just because it's useless to you doesn't mean it's useless in general.

[โ€“] zergtoshi@lemmy.world 3 points 7 months ago

You can look how much space a transaction requires, how much size is available per block and how many blocks per time are being created (at average).
The only way to exceed the figure is by creating transactions with 1 (or few) input(s) and a lot of outputs as they are more efficient in terms of space per tx. Individuals rarely have use for that, but exchanges tend to do that.
If you want to do your own research, start with the fundamentals and investigate the numbers (size per tx depending on type of tx, size per block, blocks per time).

[โ€“] zergtoshi@lemmy.world 5 points 7 months ago (1 children)

Shall I add the mountain of electronic waste to the list?
I mean, Bitcoin mining devices can literally do nothing else but calculate SHA256.
Once they can no longer be operated economically, they're garbage.
At least Ethereum's PoW ran on GPUs, which can be used for, let's say: gaming!
And Ethereum showed that a transition from PoW to PoS is possible.
I think that Bitcoin sparked a great idea, but way better implementations of that idea are available. Bitcoin has a massive network effect and first mover advantage. technology wise it's no longer on top of the list.

[โ€“] zergtoshi@lemmy.world 2 points 7 months ago (1 children)

Prime numbers are searched for doing the PoW. The blockchain essentially contains a data base with prime numbers. As far as I can tell Primecoin never was popular,.but I like the novel approach of doing things, when most cryptocurrencies of that time were lame copies.
Btw. the Primecoin creator made Peercoin, which was afaik the first (and apparently still running) network being secured by Proof-of-Stake.

[โ€“] zergtoshi@lemmy.world 5 points 7 months ago (11 children)

It's a lot of energy for a global (!) maximum of around 7 transactions per second.
Unless you want to use the replica of traditional finance called Lightning Network. Then you have more transactions per second and a whole new set of drawbacks.

[โ€“] zergtoshi@lemmy.world 2 points 7 months ago (5 children)

Not all crypto are the same.
Nano has been designed as digital money.
It has no mining, 0 fees (none for transactions, none for opening accounts), finalizes transactions sub-second (typically), has no built-in throughput limits and works across (political) borders.
I'd say these attributes offer some use and value.

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