there is every reason to not believe them. they clearly have a motivation to paint power consumption as worse than is true, and the complexity of extracting the use of dogecoin mining from the rest of the mergedmine is, personally, unfathomable. maybe i’m dumb and there is a simple calculation that can be done, but without evidence of their methodology, i’m not going to believe them, and no one should.
ok, so either ~1% figure already discounts this energy due to merge-mining, or it doesn’t discount and the effective energy consumption of Doge is lower. The original point remains: Bitcoin is pretty much the energetic problem of crypto, .
it’s just that PoW is trash when applied at scale for encouraging energy use to create consensus - and that’s by design - so indeed, “there’s something wrong with the protocol”.
idk their methodology - source
if they don’t explain their methodology, there is no reason to believe they got it right
then there’s no reason to believe they got it wrong.
also they’re vague estimates, even bitcoin has a huge margin for error.
there is every reason to not believe them. they clearly have a motivation to paint power consumption as worse than is true, and the complexity of extracting the use of dogecoin mining from the rest of the mergedmine is, personally, unfathomable. maybe i’m dumb and there is a simple calculation that can be done, but without evidence of their methodology, i’m not going to believe them, and no one should.
what’s the problem of estimating based on mined blocks and difficulty?
it’s a bit like clocking your gas mileage to and from work, and then saying thats how much gas it took you to get out of your driveway.
not everyone is merge-mining and even those who do may only be merge-mining specific chains.
the work that goes into mining those blocks should be discounted by the amount of energy that goes into mining every other merge-mined chain
ok, so either ~1% figure already discounts this energy due to merge-mining, or it doesn’t discount and the effective energy consumption of Doge is lower. The original point remains: Bitcoin is pretty much the energetic problem of crypto, .
asic miners are the problem with crypto’s energy consumption. nothing is wrong the the bitcoin protocol, which is functioning as expected.
it’s just that PoW is trash when applied at scale for encouraging energy use to create consensus - and that’s by design - so indeed, “there’s something wrong with the protocol”.