Technology

59317 readers

5275 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

397

Over 2 percent of the US’s electricity generation now goes to bitcoin (arstechnica.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

161 comments fedilink hide all child comments

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

you are viewing a single comment's thread
view the rest of the comments

[–] dhork@lemmy.world 2 points 9 months ago (2 children)

Oh, I have confidence that we can develop quantum-resistant crypto. My concern is in the governance of all the projects. Cardano seems to be in good shape, but it put some thought into how to make decisions that have at least some community involvement. But the market is driven by BTC mainly, and they have some issues in how they run themselves.

[–] makeasnek@lemmy.ml 1 points 9 months ago* (last edited 9 months ago)

BTC's protocol has gotten steady, incremental improvements for 15 years without a single hour of downtime. Lightning was deployed a few years ago and continues to grow each year and get easier to use and deploy. Migration to quantum-resistant algorithms is in the interest of all parties who use the system including miners, banks, hedge funds, developers, users, etc. It's a very easy problem compared to other questions they faced around blocksize, taproot, etc.