244
you are viewing a single comment's thread
view the rest of the comments
[-] shortwavesurfer@monero.town 5 points 3 months ago* (last edited 3 months ago)

Monero uses RandomX which must be done only on CPU which limits power consumption drastically and promotes decentralization rather than mining farms like bitcoin. Both of those combined will make it much easier for utilities to handle it. Since one utility won't be getting hit with extreme load from mining farms all in one single area, such as Texas. You've also got to consider how much electricity does the banking industry as a whole use for building their buildings, bringing employees to work, shuttling money around in armored trucks, all that stuff. There's probably tons I'm not even thinking of. Proof of work is better than proof of stake simply because a governmyth can't print more of their crap fiat currency and buy up more stake in order to hurt the network. If a government wants to attack Ethereum, they just print more fiat currency and buy Ethereum. If they want to attack Bitcoin or Monero, they have to buy the equipment to do so and then plug it in and use power. They would have to sacrifice something real in order to do that.

Edit: https://www.coindesk.com/opinion/2024/06/13/bitcoin-mining-stabilizes-power-grids-strained-by-ai-data-centers/

this post was submitted on 12 Jun 2024
244 points (91.8% liked)

Technology

58180 readers
4722 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS