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From: Lonero Foundation <loneroassociation@gmail.com>
Date: Fri, 5 Mar 2021 10:12:19 -0500
Message-ID: <CA+YkXXwkSCu=2UOEhzFBzGDHo1c=Ewqsnxp632ke3jdH1ff5WA@mail.gmail.com>
To: Devrandom <c1.devrandom@niftybox.net>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] BIP Proposal: Consensus (hard fork) PoST
Datastore for Energy Efficient Mining
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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, Andrew
On 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.
>
>
--000000000000600e7005bccb83cb
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"auto">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 arbit=
rariness 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?<div dir=3D"auto">=
<br></div><div dir=3D"auto">Best regards, Andrew</div></div><br><div class=
=3D"gmail_quote"><div dir=3D"ltr" class=3D"gmail_attr">On Fri, Mar 5, 2021,=
10:07 AM Devrandom <<a href=3D"mailto:c1.devrandom@niftybox.net">c1.dev=
random@niftybox.net</a>> wrote:<br></div><blockquote class=3D"gmail_quot=
e" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">=
<div dir=3D"auto"><div dir=3D"ltr"><div>Hi Ryan and Andrew,<br></div><br><d=
iv class=3D"gmail_quote"><div dir=3D"ltr" class=3D"gmail_attr">On Fri, Mar =
5, 2021 at 5:42 AM Ryan Grant via bitcoin-dev <<a href=3D"mailto:bitcoin=
-dev@lists.linuxfoundation.org" rel=3D"noreferrer noreferrer" target=3D"_bl=
ank">bitcoin-dev@lists.linuxfoundation.org</a>> wrote:<br></div><blockqu=
ote class=3D"gmail_quote" style=3D"margin:0px 0px 0px 0.8ex;border-left:1px=
solid rgb(204,204,204);padding-left:1ex"><br>
=C2=A0 <a href=3D"https://www.truthcoin.info/blog/pow-cheapest/" rel=3D"nor=
eferrer noreferrer noreferrer" target=3D"_blank">https://www.truthcoin.info=
/blog/pow-cheapest/</a><br>
=C2=A0 =C2=A0 "Nothing is Cheaper than Proof of Work"<br>
=C2=A0 =C2=A0 on | 04 Aug 2015<br>
<br></blockquote><div><br></div><div>Just to belabor this a bit, the paper =
demonstrates that the mining market will tend to expend resources equivalen=
t to miner reward.=C2=A0 It does not prove that mining work has to expend *=
energy* as a primary cost.<br></div><div><br></div><div>Some might argue th=
at energy expenditure has negative externalities and that we should move to=
other resources.=C2=A0 I would argue that the negative externalities will =
go away soon because of the move to renewables, so the point is likely moo=
t.=C2=A0</div><div><br></div></div></div></div>
</blockquote></div>
--000000000000600e7005bccb83cb--
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