• Knock_Knock_Lemmy_In@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    5 months ago

    The bitcoin blockchain requires more power than any other blockchain while providing less features.

    The only outstanding feature of bitcoin is it’s price.

    • Victoria Antoinette @lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      5 months ago

      the bitcoin blockchain doesn’t require any power. any miner can stop, the blockchain would have less power, and still continue to function.

      • Knock_Knock_Lemmy_In@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        edit-2
        5 months ago

        The bitcoin blockchain doesn’t require any power.

        Yes. It does. No transaction can occur without proof of work being performed.

        any miner can stop, the blockchain would have less power, and still continue to function.

        Marginally less power, but nowhere near the reduction needed to compete with a PoS blockchain.

        For example Ethereum PoS uses 2,600 MWh per year (= a single 1MW windfarm). Bitcoin uses 53,000x more energy than Ethereum.

          • Knock_Knock_Lemmy_In@lemmy.world
            link
            fedilink
            English
            arrow-up
            2
            ·
            5 months ago

            the whole network could be run on two raspberry pis.

            No. Then someone would buy 3 raspberry pis and claim all the bitcoin.

            Bitcoin was a great idea in 2008 but in 2024 it has been overshadowed by other blockchains in every single dimension except for market cap.

              • Knock_Knock_Lemmy_In@lemmy.world
                link
                fedilink
                English
                arrow-up
                1
                ·
                5 months ago

                We are discussing energy usage, not consensus protocols.

                The Bitcoin network never going to run on any number raspberry pis. Any claims that it will compete with a PoS blockchain for energy efficiency are ludicrous.

                  • Knock_Knock_Lemmy_In@lemmy.world
                    link
                    fedilink
                    English
                    arrow-up
                    1
                    ·
                    5 months ago

                    Are you a bot? You’ve said that.

                    Are you seriously suggesting that in the future the Bitcoin network will be running on 2 pis? No. Energy consumption will continue to be 50000 times greater than other PoS blockchains.