Re: [bitcoin-dev] Proposal: Force to do nothing for first 9 minutes to save 90% of mining energy

2021-05-18 Thread Anton Ragin via bitcoin-dev
erting that, > at present, they do not understand the underlying mechanics well enough to > give consistent rationale for their choices, and because their public > statements reveal either a deep hypocrisy, or deep ignorance in their > understanding of Bitcoin. > > Keagan &

Re: [bitcoin-dev] Proposal: Force to do nothing for first 9 minutes to save 90% of mining energy

2021-05-17 Thread Anton Ragin via bitcoin-dev
Hello, list >Hello centralisation. Might as well just have someone sign miner keys, and get >rid of PoW entirely... >No, it is not centralization - No, it is not centralization, as: (a) different miners could use different standards / certifications for 'green' status, there are many already;

Re: [bitcoin-dev] Proposal: Force to do nothing for first 9 minutes to save 90% of mining energy

2021-05-17 Thread Anton Ragin via bitcoin-dev
then paying high bills. The bitcoin will get a "puls". > > There's no timestamp at this stage of consensus. > > On Sunday 16 May 2021 18:10:12 Karl via bitcoin-dev wrote: > > The clock might be implementable on a peer network level by requiring > > inclusion of a transaction t

Re: [bitcoin-dev] Proposal: Force to do nothing for first 9 minutes to save 90% of mining energy

2021-05-16 Thread Anton Ragin via bitcoin-dev
1. Has anyone considered that it might be technically not possible to completely 'power down' mining rigs during this 'cool-down' period of time? While modern CPUs have power-saving modes, I am not sure about ASICs used for mining. 2. I am not a huge data-center specialist, but it was my

Re: [bitcoin-dev] Reducing block reward via soft fork

2021-05-23 Thread Anton Ragin via bitcoin-dev
Well, it is done automatically every 4 years :) It is a self-balancing system - more people shout about Bitcoin being dirty -> less adoption -> lower the price -> less energy consumption. Add on top the fact that in 2024 block rewards will fall 50% anyway and someday it will be zero. I am all for