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Author Topic: POW, POS, dBFT, dPOS, POA, POP, much protocols, very proof  (Read 475 times)
nukis
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June 15, 2019, 10:20:36 AM
 #21

Proof of your transaction
Cryptocurrencies can save, populizirovat and make really decentralized introduction (along with the commission) of the priority right to each doing the transaction to calculate the hash of its block in the p2p pool with other users whose transactions are included in this block independently.
Each user of cryptocurrency should have the right to calculate the hash of its transactions with its own capacities (both to provide capacity in advance, as if to accumulate settlements for future transactions, and after sending money).
This would make the network really decentralized and would involve huge idle distributed power in the calculations, which would make it possible not to increase the complexity, it would be obvious that they are calculating really different devices, and in fact for carrying out their own transaction. T e the right to calculate the share of the hash of your transaction in the block should be a priority before paying the commission.
Or, for example, if you keep an open node for some time, you can also save for a transaction.
How much can you tolerate this chaos and the dominance of Asiki? We must demand a refinement of the mechanism.
- The main mistake of the blockchain and all sorts of crypts on it is the deprivation of the opportunity to mine everybody at least a little bit, even if it’s just when the wallet is turned on. There should have been a limit on the power of mining (maintaining hash) by one user. Then there would be no need to increase the complexity, and the protection would be of the same high impenetrable level. The cost of maintaining the system should not be disproportionately high, ideally, the ideal system would have to work stably on the world's equipment that people already have. T e enough all the resources of all users when they idle a little work. Then it is cost-effective. And the unprofitable system will collapse in any way.
Now Bitcoin simply decided to ignore a huge amount of idle power, which was indeed distributed, but devoted itself to centralized power, against the logic of its main postulate. This already suggests that it was cleaned one way or another.
- the second major mistake (or intentionally) is to allow any non-p2pol and stock exchanges with unlimited commissions and the possibility of fraud. Mining should have remained only solo (albeit for a little bit) or a common single distributed pool of currency.
Let's achieve this and make cryptocurrencies a real working tool, independent, and decentralized.
This can be implemented as a separate currency for transactions of any other currencies, for example.
And this is the only way to maintain decentralization. The purse should offer the primary right to remember for its transaction on the most low complexity without making any profit, and only the second option is to pay the commission to miners of profits to recipients ..
Increasing the complexity (difficulty) of mining allows you to restrain users, not allowing them to receive coins in unlimited quantities.
And if you need to mine only your transaction, then there will be no rush and there is no need to increase the complexity. There will be a surplus of miners. Coins in general can not be mined, it's just a bone thrown such. The value of the blockchain is not in the "mining" of some kind of currency, but in the sequence of records with keys that cannot be changed. Coins themselves in general could immediately create everything and everyone (as does the state). Real work is needed to the extent necessary to create the keys of the transaction chain and store the blockchain archive. That's all. That's what you have to pay for. Really free miners are needed only in the case (and topics) if someone urgently wants to make a transaction, but there is no computational power at hand to search for the key and to include entries in the general blockchain. That's when they can turn to free miners, exactly in the amount of calculations that is necessary and sufficient to maintain the system.
Mining in the understanding of the average person is simple (as he was presented) was needed only to somehow distribute the money. They could be simply scattered to people in principle, equally to all, and that would be more correct, and people would simply start to calculate by them, meyna keys for the blocks of their transactions.
Gov principle - "Proof of your transaction" - mining only for the sake of a transaction (no more)

Mine RVN and with 0% mining fees and get paid in BTC, ETH, XMR or RVN.

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June 15, 2019, 07:17:12 PM
 #22

It matter not what type of energy it is drawing,
it matters that it pulls from a total global energy supply that is NOT able to keep up with exponential growth.

It seems extreme, but when the bitcoin miner uses so much electricity that their is none for your home or business,
it will be apparent to all the environmental damage of unrestrained PoW.

https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-cryptocurrency
Quote
Credit Suisse estimate that a bitcoin price of $50,000 – five times its level as I write – would increase the electricity consumption tenfold.
And at a bitcoin price of $1.1m, it would be profitable to use almost all the electricity currently generated in the world for mining


But realistically, there are many factor/variable which makes it inaccurate such as :
1. Price electricity would increase when demand > supply
2. Government might charge more expensive electricity price for "wasteful" usage
3. More efficient ASIC
4. Mining farms generate electricity themselves, such as buy solar panel altogether with new ASIC

IMO, exponential growth will only happen until certain points where the growth rate will be slower.

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June 15, 2019, 09:44:38 PM
 #23

It matter not what type of energy it is drawing,
it matters that it pulls from a total global energy supply that is NOT able to keep up with exponential growth.

It seems extreme, but when the bitcoin miner uses so much electricity that their is none for your home or business,
it will be apparent to all the environmental damage of unrestrained PoW.

https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-cryptocurrency
Quote
Credit Suisse estimate that a bitcoin price of $50,000 – five times its level as I write – would increase the electricity consumption tenfold.
And at a bitcoin price of $1.1m, it would be profitable to use almost all the electricity currently generated in the world for mining


But realistically, there are many factor/variable which makes it inaccurate such as :
1. Price electricity would increase when demand > supply
2. Government might charge more expensive electricity price for "wasteful" usage
3. More efficient ASIC
4. Mining farms generate electricity themselves, such as buy solar panel altogether with new ASIC

IMO, exponential growth will only happen until certain points where the growth rate will be slower.

So far the only thing that slowed bitcoin exponential energy drain was a loss of miners due to Bankruptcy,
due to the price drop below miner solvency.

Aside from that none of the above items you mentioned has had a major effect.
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June 16, 2019, 08:18:48 AM
 #24

It matter not what type of energy it is drawing,
it matters that it pulls from a total global energy supply that is NOT able to keep up with exponential growth.

It seems extreme, but when the bitcoin miner uses so much electricity that their is none for your home or business,
it will be apparent to all the environmental damage of unrestrained PoW.

https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-cryptocurrency
Quote
Credit Suisse estimate that a bitcoin price of $50,000 – five times its level as I write – would increase the electricity consumption tenfold.
And at a bitcoin price of $1.1m, it would be profitable to use almost all the electricity currently generated in the world for mining


But realistically, there are many factor/variable which makes it inaccurate such as :
1. Price electricity would increase when demand > supply
2. Government might charge more expensive electricity price for "wasteful" usage
3. More efficient ASIC
4. Mining farms generate electricity themselves, such as buy solar panel altogether with new ASIC

IMO, exponential growth will only happen until certain points where the growth rate will be slower.

So far the only thing that slowed bitcoin exponential energy drain was a loss of miners due to Bankruptcy,
due to the price drop below miner solvency.

Aside from that none of the above items you mentioned has had a major effect.


Roll Eyes Loss of miners? You are wrong again. Bitcoin's hashing power has never been higher before, https://bitinfocharts.com/comparison/bitcoin-hashrate.html

I believe you should chew your crayons better next time.


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Khaos77
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June 16, 2019, 09:08:28 AM
 #25

It matter not what type of energy it is drawing,
it matters that it pulls from a total global energy supply that is NOT able to keep up with exponential growth.

It seems extreme, but when the bitcoin miner uses so much electricity that their is none for your home or business,
it will be apparent to all the environmental damage of unrestrained PoW.

https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-cryptocurrency
Quote
Credit Suisse estimate that a bitcoin price of $50,000 – five times its level as I write – would increase the electricity consumption tenfold.
And at a bitcoin price of $1.1m, it would be profitable to use almost all the electricity currently generated in the world for mining


But realistically, there are many factor/variable which makes it inaccurate such as :
1. Price electricity would increase when demand > supply
2. Government might charge more expensive electricity price for "wasteful" usage
3. More efficient ASIC
4. Mining farms generate electricity themselves, such as buy solar panel altogether with new ASIC

IMO, exponential growth will only happen until certain points where the growth rate will be slower.

So far the only thing that slowed bitcoin exponential energy drain was a loss of miners due to Bankruptcy,
due to the price drop below miner solvency.

Aside from that none of the above items you mentioned has had a major effect.


Roll Eyes Loss of miners? You are wrong again. Bitcoin's hashing power has never been higher before, https://bitinfocharts.com/comparison/bitcoin-hashrate.html

I believe you should chew your crayons better next time.

You know, you're so stupid , it is a wonder you can breathe.

Hash rate is up , because of the ASIC improvements.
So their is an effect there.

However energy usage is just starting to draw the same amount as before many miners went bankrupt and shut down completely.

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-crash-cryptocurrency-mining-bankrupt-china-bitmain-giga-watt-a8646821.html

Quote
Bitcoin mining operations in the US and China are facing closures after the plummeting price of bitcoin means they may no longer be profitable.
The world's most valuable cryptocurrency is currently trading at around $4,500, having lost almost a third of its value in the space of a week.

The above closures caused a short term decrease in bitcoin energy drain on the global energy supply,
it is now almost back at the same energy draining as it was before the price crash and miners dropping out.

https://digiconomist.net/bitcoin-energy-consumption


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June 17, 2019, 06:01:03 AM
 #26

It matter not what type of energy it is drawing,
it matters that it pulls from a total global energy supply that is NOT able to keep up with exponential growth.

It seems extreme, but when the bitcoin miner uses so much electricity that their is none for your home or business,
it will be apparent to all the environmental damage of unrestrained PoW.

https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-cryptocurrency
Quote
Credit Suisse estimate that a bitcoin price of $50,000 – five times its level as I write – would increase the electricity consumption tenfold.
And at a bitcoin price of $1.1m, it would be profitable to use almost all the electricity currently generated in the world for mining


But realistically, there are many factor/variable which makes it inaccurate such as :
1. Price electricity would increase when demand > supply
2. Government might charge more expensive electricity price for "wasteful" usage
3. More efficient ASIC
4. Mining farms generate electricity themselves, such as buy solar panel altogether with new ASIC

IMO, exponential growth will only happen until certain points where the growth rate will be slower.

So far the only thing that slowed bitcoin exponential energy drain was a loss of miners due to Bankruptcy,
due to the price drop below miner solvency.

Aside from that none of the above items you mentioned has had a major effect.


Roll Eyes Loss of miners? You are wrong again. Bitcoin's hashing power has never been higher before, https://bitinfocharts.com/comparison/bitcoin-hashrate.html

I believe you should chew your crayons better next time.

You know, you're so stupid , it is a wonder you can breathe.

Hash rate is up , because of the ASIC improvements.
So their is an effect there.

However energy usage is just starting to draw the same amount as before many miners went bankrupt and shut down completely.


That's contradictory to your own FUD. ASIC improvements would be more efficiency. More power for less electricity, then where's the "exponential energy drain"?

Quote

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-crash-cryptocurrency-mining-bankrupt-china-bitmain-giga-watt-a8646821.html

Quote
Bitcoin mining operations in the US and China are facing closures after the plummeting price of bitcoin means they may no longer be profitable.
The world's most valuable cryptocurrency is currently trading at around $4,500, having lost almost a third of its value in the space of a week.

The above closures caused a short term decrease in bitcoin energy drain on the global energy supply,
it is now almost back at the same energy draining as it was before the price crash and miners dropping out.

https://digiconomist.net/bitcoin-energy-consumption


Roll Eyes What energy drain? It was the crash in price that caused mining closures. Read your own quotes.

Don't choke on those crayons on your way out. Cool


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June 17, 2019, 07:45:55 PM
 #27


Roll Eyes Loss of miners? You are wrong again.


Roll Eyes What energy drain? It was the crash in price that caused mining closures. Read your own quotes.


Maybe you should read your own quotes, considering you contradicted yourself.
1st , you say no loss of miners
2nd, you agree their were mining closures.

Now you realize why no one takes you serious.
You can't even agree with yourself.  Cheesy

Only fud account is you.  Kiss



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Today at 08:27:31 AM
 #28


Roll Eyes Loss of miners? You are wrong again.


Roll Eyes What energy drain? It was the crash in price that caused mining closures. Read your own quotes.


Maybe you should read your own quotes, considering you contradicted yourself.
1st , you say no loss of miners
2nd, you agree their were mining closures.

Now you realize why no one takes you serious.
You can't even agree with yourself.  Cheesy

Only fud account is you.  Kiss


Roll Eyes I'm the FUD account? Haha. You must be eating too many crayons.

Of course there was a loss in hashing power/miners during the crash. But check the hashing power today. It made up for the loss and gained more, https://bitinfocharts.com/comparison/bitcoin-hashrate.html


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