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1  Bitcoin / Development & Technical Discussion / PoW with nearly no power consumption with concept of Marsalek-secret? on: November 27, 2017, 02:07:08 PM
Hi!

In many eyes, the current problem of Proof-of-Work is the pig power consumption. The miner are running the whole time to find the next valid block. Why don't let they start mine only after a certain amount of time after each block. But then let they find a valid block very fast. For example this could be realized when a block will only be confirmed when it contains a Marsalek-secret.

A Marsalek-secret is a secret which:
1. nobody in the universe can know, BUT
2. everyone will know and can check at a certain point of time.

For example in the universe of crypto currencies a hash over all in the future new sent transaction would be a Marsalek-secret (e.g. all new transactions since the last block until 10 minutes after last block). If a newly mined block will only be valid when it is related to this secret, then every miner will not start mining (consume power) until they know the this secret.

As a concrete example (it will exist much better) every hash (secret) which includes >90% of all new transactions sent to the network until 10 minutes + time of last block are valid. Then miner only will start after 9 minutes and also miners which don't received all transactions get valid hashes/secrets.

At the end the "Proof-of-Marsalek" will work very similar to Proof-of-Work, but with very less power consumption, e.g. 1 of 10 minutes mining time/emery.

Kind regards,
1Ae9xgLTnNMbShFajBGT85UTEXaUKSThE9

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