One variable, on 200 000 computers simultaneously.
Every time a transaction is made.
Which also means that the more blockchain gets used, the more expensive, slow and power hungry it becomes. It is doomed to fail and never be in worldwide use.
Compare it to something like AI, which gets exponentially better the more people use it. The same trajectory as the internet.
It doesn’t require that much computing power, that’s just a variable that gets set.
If the difficulty were set lower, one average computer could easily handle it.
One variable, on 200 000 computers simultaneously.
Every time a transaction is made.
Which also means that the more blockchain gets used, the more expensive, slow and power hungry it becomes. It is doomed to fail and never be in worldwide use.
Compare it to something like AI, which gets exponentially better the more people use it. The same trajectory as the internet.
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deleted by creator
https://venturebeat.com/ai/meta-engineer-only-two-nuclear-power-plants-needed-to-fuel-ai-inference-next-year/
Which is why people are so horny for chains using proof of stake instead of proof of work
How does proof of stake not become more expensive, slow, and power hungry the more people use it?
In PoS the constraint on mining is proportional to the amount of tokens you own. Not the electricity/computational power you have.
Tokens are confiscated if you mine dishonestly.
Oh sweet. Let’s just set the difficulty lower, then.
But then every jabrony would be able to make money.
So, in other words, it does require that much computing power.
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