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by useryman
1866 days ago
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> there are many ways of running a lottery that don't involve burning tons of electricity in the process You need something to be the limiting factor on the amount that you can try to win such a lottery. With proof of work, it's electricity. (assuming everyone is about as efficient as each other)
Early on, they talked about it being proportional to cpu-time. That has become more abstract since. |
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