Is there any other way to reduce footprint caused by PoW?

[luxcoin]

Come one guys, it has to be another solution ! I have enough of all elettricity consumption which can be saved.

Can miner still be paid with another convalidation?

I mean also for decentralize the mine-farms - when at the beginning everyone around the world could with his CPU mining there was 0 risk to have 51% of the power in a single area..
What do you think?

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[Emoclaw]

Mining is still decentralized. More so than it was a few years ago, there are more pools and the hashrate is more evenly distributed.
Bitcoin could switch to Proof of Stake, and many people would most likely agree with the change but the miners wouldn't so there would be a catastrophic community division more than there is today with the scaling debates. The only choice would be to use renewable energy sources.

[luxcoin]

Mining is still decentralized. More so than it was a few years ago, there are more pools and the hashrate is more evenly distributed.
Bitcoin could switch to Proof of Stake, and many people would most likely agree with the change but the miners wouldn't so there would be a catastrophic community division more than there is today with the scaling debates. The only choice would be to use renewable energy sources.

Yeah. that's exactly what I thought.
Everyone could agree that it is such waste for nothing energy but because miners can have so deep impact they cannot let that happen.

Proof of Stake is also not fair enough I think. I mean if you have more than another, you can have more power and that is not what Satoshi was thinking at that time..

[monkeydominicorobin]

Come one guys, it has to be another solution ! I have enough of all elettricity consumption which can be saved.

Can miner still be paid with another convalidation?

I mean also for decentralize the mine-farms - when at the beginning everyone around the world could with his CPU mining there was 0 risk to have 51% of the power in a single area..
What do you think?

Again the hype about mining farms. It is again a scam. The farms are just there to make you feel inferior in terms of mastery of mining. If you really are a Bitcoin miner you will spot the stupidity about the so-called mining farms on Youtube. All of them are scams. Just for the cameras. You will need to spend millions of dollars just for the internet backbone connection to make a mining farm work. Not counting the electricity. Not counting the spinkler system for fire suppression.How about fire detection systems and alarm. How about backup power. How about the cooling system. How about the electric substation. How about dealing with inspectors. How about the licences and permits. How about dealing with laws and ordinances.The scam is in front of you. Fake mining farms. When it comes to footprint. Printing paper money is infinitely wasteful. Than FinTech like Bitcoin.

[Murloc]

Why such treads about the death of bitcoin are always started by someone with DeepOnion avatar and signature? It looks like another cruel attempt to advertise your scamcoin.
Don't warry about bitsoin. He is gona be fine

[Iranus]

It looks like another cruel attempt to advertise your scamcoin.

DeepOnion uses PoW alongside PoS, so I doubt it.

when at the beginning everyone around the world could with his CPU mining there was 0 risk to have 51% of the power in a single area..

It still would have been more efficient to buy CPUs in bulk and have drastically larger facilities, while mining in a location with the lowest possible electricity costs.

There is a risk in the fact that BITMAIN sells a large majority of mining equipment, because they therefore have access to machines cheaper than everyone else and have a lot of profit to spend on those machines, but if it was still CPU or GPU mining then it would still be just a few companies selling those.

[mobnepal]

Why such treads about the death of bitcoin are always started by someone with DeepOnion avatar and signature? It looks like another cruel attempt to advertise your scamcoin.
Don't warry about bitsoin. He is gona be fine

You got the good point but I am not sure whether all negative thread about bitcoin is started by deep onion guys or not. 

Talking about 51% attack no any mining farm can achieve that power and talking about decentralization of mining farm, it is normal to have most of the mining farm where electricity is cheap and mining hardware can easily be purchased. Sooner or later there will be mining farms all over the world when we will have many more mining hardware manufacturer.

[luxcoin]

Why such treads about the death of bitcoin are always started by someone with DeepOnion avatar and signature? It looks like another cruel attempt to advertise your scamcoin.
Don't warry about bitsoin. He is gona be fine

 
Don't worry buddy I'm nothing but pro in Criptocurriencies and of course BTC.
I'm just wondering how could that be supported by the Nature. And if you gonna think wisely you understand that something could be solve in a better way. And I mean Proof of Work goddamit ! It's such a waste of elettricity

[luxcoin]

Why such treads about the death of bitcoin are always started by someone with DeepOnion avatar and signature? It looks like another cruel attempt to advertise your scamcoin.
Don't warry about bitsoin. He is gona be fine

You got the good point but I am not sure whether all negative thread about bitcoin is started by deep onion guys or not. 

Talking about 51% attack no any mining farm can achieve that power and talking about decentralization of mining farm, it is normal to have most of the mining farm where electricity is cheap and mining hardware can easily be purchased. Sooner or later there will be mining farms all over the world when we will have many more mining hardware manufacturer.

Come on guys it's not a negative thread - it's just another question!
Anyway I think it's not an impossible thing to obtain a 51% of the power in one huge mining farm. As you're reaching such a more and more difficult computing level, every miner have to purchase newer hardware and so on. So if someone have the cheapest electricity cost and the cheapest new hardware it does make sense to even think about it. Nobody can start from 0 nowadays..