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by mFixman 1870 days ago
> Dogecoin has exactly the same energy spending incentives as Bitcoin.

Does it?

I thought that Bitcoin was particularly bad because block sizes were small, so there's a big incentive to mine and get mining fees.

Dogecoin is still wasteful, but it's an order of magnitude less than Bitcoin.
1 comments
pinkybanana 1870 days ago
> I thought that Bitcoin was particularly bad because block sizes were small, so there's a big incentive to mine and get mining fees.

No. Doesn't make sense.

Miners get rewarded for spending energy in all PoW coins. I don't think details such as block size matters. Dogecoin BTW as well has the 1MB block limit, their block time is just smaller (1 minute). However dogecoin has quite small amount of transactions compared to BTC, it is nowhere near its capacity limits yet.

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arss 1870 days ago
Dogecoin is incredibly more efficient for kilowatt per hash than bitcoin. Of the very popular older coins only XRP is more efficient.

https://www.trgdatacenters.com/most-environment-friendly-cry...

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therein 1870 days ago
KW per hashrate doesn't make much sense. At that point you're just comparing the efficiency for the available hardware for hashing function, ASICs that are designed to handle up to calculating SHA256 of up to 1MB of data versus scrypt ASICs.

Since that's the case, your statement of "of the very popular older coins only XRP is more efficient" falls apart as at the very least Litecoin would need to be at the exact same spot.

And if you are talking about per mined blocks, then you are putting the network difficulty into the picture and arguing a lower network difficulty (hence lower network hashrate) as a selling point isn't going to get you anywhere.

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