@MacedWindow to Microblog MemesEnglish • 7 months agoGet your vote in now!!imagemessage-square339arrow-up11.71Karrow-down164
arrow-up11.65Karrow-down1imageGet your vote in now!!@MacedWindow to Microblog MemesEnglish • 7 months agomessage-square339
minus-square@Knock_Knock_Lemmy_InlinkEnglish1•7 months agoIncorrect. Bitcoin protocol is designed to distribute bitcoin to whoever provides the most energy (work).
minus-squareVictoria Antoinette linkEnglish1•7 months agoit’s all just guess-and-check. a raspberry pi could find the next block even today.
minus-square@Knock_Knock_Lemmy_InlinkEnglish1•7 months agoAgreed. Because they can’t provide enough power to prove the required work.
minus-squareVictoria Antoinette linkEnglish1•7 months agoi think you read a word that isn’t there. the work of generating a nonce, hashing the header, and checking for leading zeroes can certainly be done by a raspberry pi in under the 10 minute block time.
minus-square@Knock_Knock_Lemmy_InlinkEnglish1•7 months agoA raspberry pi could verify a bitcoin block. It is EXTREMELY unlikely to find the next block.
minus-squareVictoria Antoinette linkEnglish1•7 months agounlikely, given the network hashrate, but not impossible.
minus-square@Knock_Knock_Lemmy_InlinkEnglish1•7 months agoA hash rate that requires 170TWh of electricity. There are no scenarios where this drops more than 99%, except for the destruction of bitcoin.
Incorrect. Bitcoin protocol is designed to distribute bitcoin to whoever provides the most energy (work).
it’s all just guess-and-check. a raspberry pi could find the next block even today.
Agreed. Because they can’t provide enough power to prove the required work.
i think you read a word that isn’t there. the work of generating a nonce, hashing the header, and checking for leading zeroes can certainly be done by a raspberry pi in under the 10 minute block time.
A raspberry pi could verify a bitcoin block. It is EXTREMELY unlikely to find the next block.
unlikely, given the network hashrate, but not impossible.
A hash rate that requires 170TWh of electricity. There are no scenarios where this drops more than 99%, except for the destruction of bitcoin.