Competition in crypto mining is viewed as cause of transaction
cost increasing and energy waste. When more users and transactions happenning, ming cost is higher for marginal transaction.
Taucoin,
https://bitcointalk.org/index.php?topic=4757879.0, has built a mining algorithm to resolve above issue by removing energy to solve puzzles and making more transactions with less energy. In nutshell, users on-chain delegate mining power to club leaders. Club leader run full nodes to verify transactions, the more transaction fee and number a club leader processed, the high probability to generate next block, and users collectively receive more rewards.
A debate bounty on this new consensu is
https://bitcointalk.org/index.php?topic=4907712.045 Days after testnet is on, 4 independent permissionless nodes appeared and are running to collect reward from 8000 wallet users and 200,000 transactions.
Welcome discussion and join us for being environmental clean miners.
iMorpheus@TAU, an experimental non-ICO community coin built on Proof of Transaction consensus.