The point is that hashrate is what's desirable (and directly linked to Bitcoin), not energy use.
If someone improves efficiency such that energy use is decreased while hashrate increases, THAT is desirable.
Of course, in the real world every time efficiency increases, energy usage goes UP, not down, because the efficient use of energy makes it more affordable and thus available to a wider market of users.
But the energy consumption is incidental to the generation of hash, or else we'd all just be firing up the least efficient (but cheapest) miners available in order to consume as much energy as possible, which is obviously not the case.
/ Diligent Ninja
npub1a0v…cl72
2023-10-18 20:08:06
in reply to nevent1q…gsmv
Author Public Key
npub1a0vs379dm3mtc97fgv9yq3w9wrn2sue7lm94vzk67nk54llyupcqn4cl72Published at
2023-10-18 20:08:06Event JSON
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"created_at": 1697652486,
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"content": "The point is that hashrate is what's desirable (and directly linked to Bitcoin), not energy use.\n\nIf someone improves efficiency such that energy use is decreased while hashrate increases, THAT is desirable.\n\nOf course, in the real world every time efficiency increases, energy usage goes UP, not down, because the efficient use of energy makes it more affordable and thus available to a wider market of users.\n\nBut the energy consumption is incidental to the generation of hash, or else we'd all just be firing up the least efficient (but cheapest) miners available in order to consume as much energy as possible, which is obviously not the case.",
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