[LINK] Bitcoin and global warming
David Lochrin
dlochrin at key.net.au
Sun Dec 17 17:53:28 AEDT 2017
On 17/12/2017 09:39, Bernard Robertson-Dunn wrote:
> The Hard Math Behind Bitcoin's Global Warming Problem
> https://www.wired.com/story/bitcoin-global-warming/
Does any Linker understand where the cryptographic "puzzle" fits in Bitcoin architecture? Is it just an arbitrary task providing no added-value, like digging holes then filling them up again? Or is it solely to regulate the rate of bitcoin creation?
SHA-256 mentioned in the article is a hashing algorithm, not an encryption algorithm.
I was part-way through Bernard's linked article when the power went out; maybe too many people mining bitcoins?
David L.
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