P_Shep (OP)
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Activity: 1795
Merit: 1198
This is not OK.
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April 15, 2013, 02:28:20 PM |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Akka
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Activity: 1232
Merit: 1001
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April 15, 2013, 02:33:41 PM |
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And here we go.
Time to let loose the "energy saving lamp crowd" on Bitcoin, to destroy it
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All previous versions of currency will no longer be supported as of this update
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Gabit
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April 15, 2013, 02:37:10 PM |
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And here we go.
Time to let loose the "energy saving lamp crowd" on Bitcoin, to destroy it
I wonder how much gold/silver mining takes energy? Let alone other environmental impacts... |
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P_Shep (OP)
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Activity: 1795
Merit: 1198
This is not OK.
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April 15, 2013, 02:50:06 PM |
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At least we have the the other guy saying in the grand scheme, it's trivial.
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zby
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Activity: 1592
Merit: 1001
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April 15, 2013, 03:47:32 PM |
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I've heard the Proof of Stake method of block chaining can avoid that cost - but it looks like the PPCoin is getting a lot of criticism ( https://bitcointalk.org/index.php?topic=101954.0). |
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Gabi
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Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
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April 15, 2013, 03:53:21 PM |
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Traditional banking waste much much more energy  |
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conspirosphere.tk
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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April 15, 2013, 03:56:53 PM |
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And here we go.
Time to let loose the "energy saving lamp crowd" on Bitcoin, to destroy it
Fucking Goremons  It's either them or us  |
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StarfishPrime
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April 15, 2013, 05:10:13 PM |
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More (ridiculous) press coverage about bitcoin mining power consumption...
The thermal output of a 1kw bitcoin mining setup is exactly equal to the thermal output of a 1kw electric heater
In other words: In a climate/season where mining heat output can contribute to heat your flat, house, etc. and your normal heating is electric, your net mining power cost should be basically zero. Ever notice that in northern climates large office towers etc often leave the lights on 24/7, and office PCs are rarely turned off? Well, it's because it just doesn't matter much from either a power usage or conservation standpoint. In fact, these factors are always taken into account when hvac systems are designed.
In any event, the electricity consumed by the fraction of banking infrastructure soon to be displaced by bitcoin is probably orders of magnitude higher than mining operations ever will be.
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TorCoin.....
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¦ Windows ¦ Linux ¦ GitHub ¦ macOS
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ANN THREAD | ¦
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[/center] |
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noedaRDH
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Activity: 182
Merit: 100
Finding Satoshi
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April 15, 2013, 05:22:06 PM |
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If they need hit pieces like these, then you know they're threatened.
It's too bad that BBC doesn't allow user comments.
What a "democratic" way to operate.
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1NwGKiLcAngD1KiCCivxT6EDJmyXMGqM9q
Ask not what Bitcoin can do for you - ask what you can do for Bitcoin.
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StarfishPrime
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April 15, 2013, 06:46:08 PM |
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..I'm surprised BBC didn't expose how bitcoin could also be facilitating the anonymous, illicit trade in 100W light bulbs, which are now banned in some places, including Canada!  |
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| .
TorCoin.....
| ¦
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¦ | Fully Anonymous TOR-integrated Crypto
¦ Windows ¦ Linux ¦ GitHub ¦ macOS
| ¦
¦
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¦ | .
ANN THREAD | ¦
¦
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[/center] |
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P_Shep (OP)
Legendary
Offline
Activity: 1795
Merit: 1198
This is not OK.
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April 15, 2013, 10:59:13 PM |
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If they need hit pieces like these, then you know they're threatened.
It's too bad that BBC doesn't allow user comments.
What a "democratic" way to operate.
Some articles do. |
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noedaRDH
Full Member
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Activity: 182
Merit: 100
Finding Satoshi
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April 15, 2013, 11:24:47 PM |
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If they need hit pieces like these, then you know they're threatened.
It's too bad that BBC doesn't allow user comments.
What a "democratic" way to operate.
Some articles do. Well BBC has high readership, so they have a pretty big mic. The sites that do allow comments, some of them are not well read. |
1NwGKiLcAngD1KiCCivxT6EDJmyXMGqM9q
Ask not what Bitcoin can do for you - ask what you can do for Bitcoin.
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grondilu
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Activity: 1288
Merit: 1076
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April 15, 2013, 11:30:22 PM |
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If they need hit pieces like these, then you know they're threatened.
It's too bad that BBC doesn't allow user comments.
What a "democratic" way to operate.
Just use reddit. |
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noedaRDH
Full Member
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Activity: 182
Merit: 100
Finding Satoshi
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April 15, 2013, 11:40:20 PM |
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If they need hit pieces like these, then you know they're threatened.
It's too bad that BBC doesn't allow user comments.
What a "democratic" way to operate.
Just use reddit. Unfortunately most folks don't use reddit. They just look at a headline... gloss over maybe the first paragraph or two and that's it. |
1NwGKiLcAngD1KiCCivxT6EDJmyXMGqM9q
Ask not what Bitcoin can do for you - ask what you can do for Bitcoin.
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